Market Movers Friday: Goooooooold! Q1GDP, GS…

Update: Calculated Risk expands on the GDP number and the PCE:

…Here are some Q1 numbers (all annualized):

  • Personal consumption expenditures (PCE) increased $130.7 billion
  • Personal saving declined $88.5 billion.
  • Government social benefits to persons increased $61.1 billion. So the boost in PCE came from the decline in saving and the increase in benefits. That is not sustainable….
  • Up $11.40 to $1180.20….likely on Greece fears and the PCE number

    which finally showed some inflation- (hiring costs rising)..

    …you know what that means…it’s been a while….

    PS it has leaked that the Feds have a criminal probe into Government Slacks…poor bastards really bet on the wrong horse didn’t they? GS down another 7% to 148, several firms putting hold or sell ratings on now…

    1Q GDP came in at 3.2%, slightly below expectations

    Consumer Sentiment fell in April

    April 30, 2010. Tags: , , , , , . Economy, Entertainment, Film, Music, Politics, Wall St.

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