Investing to Wealth

This is a free preview of The Lavery Insight. For economic forecasts analysis and insight from Former Merrill Lynch Chief Economist Jack Lavery take a free two week trial.The Commerce Department’s Bureau of Economic Analysis advance estimate of first quarter 2009 real GDP confirmed my weaker than consensus expectation. Real GDP dropped at an annual rate of 6.1% in the January through March quarter.This follows the 6.3% annualized rate of decline in the final quarter of 2008. Real GDP contracted at an annual rate of 0.5% in the third quarter of 2008. This gives us the first decline in ...