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Second Estimate 4Q2014 GDP Revised Down to 2.2%

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Written by Doug Short and Steven Hansen

The second estimate of fourth quarter 2014 Real Gross Domestic Product (GDP) is now a positive 2.2%. This data point was +2.6% in the advance GDP estimate. The downward revision to the percent change in real GDP primarily reflected downward revision to private inventory investment.

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What We Read Today 27 February 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Pearlfisher London Invites You To JUMP IN!

We decided to celebrate how childlike fun and freedom encourages and promotes pure creativity by turning part of our studio into a ball pit. It is now open to the public and we will try our best to fit you in if we can. We would kindly ask visitors to make a donation to our partner charity right to play.




Infographic Of The Day: Solar Energy

The sun offers an amazing source of power, putting out 3.8 x 1026 watts.

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Video of the Day:

We decided to celebrate how childlike fun and freedom encourages and promotes pure creativity by turning part of our studio into a ball pit. It is now open to the public and we will try our best to fit you in if we can. We would kindly ask visitors to make a donation to our partner charity right to play.

video of day picture



 more investing, markets, precious metals & forex

Market Commentary: Markets Close Down Fractionally For The Weekend, Oil Rig Count Down Another 33



 more opinion

When It Comes to Wall Street Crooks, Size Matters

Special Opinion from Money Morning

by Shah Gilani, Wall Street Insights & Indictments

If you didn"t read yesterday"s BrokeAndBroker blog by Wall Street lawyer Bill Singer, you should.

In in his earlier life, before he got a life, Singer was an attorney at the National Association of Securities Dealers (NASD) - now known as the Financial Industry Regulatory Authority (FINRA). And his latest blog is titled "A Tale of Two Streets and FINRA"s Disparate Sanctions."

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Closing Market Commentary For 02-27-2015

The daily volume looked about the same as it has been for the last 5 sessions dropping down near yesterdays lows, only this time we stayed there. I caution you NOT to read anything into this. The oil rig count dropped an additional 33 reported today and that what was what caused the WTI to drop a whole point grabbing the attention of a lot of traders. It has since recovered.

By 4 pm the averages were off -0.4%, again, not too much can be read into this session closing. I am expecting a "small" correction to start next week, but is a SWAG as many indicators are still pointing up.


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 USA economy at a glance (boxed items are updates in last 7 days)

20 February 2015: ECRI's WLI Marginally Declines and Remains in Negative Territory

ECRI"s WLI Growth Index was marginally declined and has remained in negative territory for 19 weeks. According to ECRI, this index is forecasting slower economic growth in 1H2015 and now into 2H2015.

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