The reporting of a weak U.S. gross domestic product (GDP) for the fourth quarter of 2007 on Thursday was not a surprise to me. Coming in at a dismal 0.6% rate, the fourth quarter reading was unchanged from the third quarter, but there is now added economic risk. Should the GDP reading in the first quarter of 2008 decline or be negative, then a weaker or negative GDP in the second quarter could point to a technical economic recession. Of course, things are alr...
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