Salient to Investors:
GDP in Q4 2012 was weaker than any economist forecast in a Bloomberg survey.
Paul Edelstein at IHS Global Insight said this is not a recessionary signal by any means, but a payback in national defense spending, with consumer spending picking up and fixed investment strong.
David Greenlaw and Ted Wieseman at Morgan Stanley said the average pace of growth over half2 2012 of 1.5 percent is in line with the growth pace seen in recent years.
Read the full article at http://www.bloomberg.com/news/2013-01-30/economy-in-u-s-unexpectedly-shrinks-as-defense-spending-plunges.html
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