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That shrinking third quarter GDP

By Implode-Explode Heavy Industries

"Estimates of the growth rate for the U.S. economy are starting to sound more and more like earnings estimates - you hear everyone talking about much larger numbers for months and months and then, when the final figures are reported, they prove to be a bit disappointing, in this case revised down from 3.5 percent, to 2.8 percent, to a final reading of 2.2 percent."

Full post as published by Mortgage Lender Implode-o-Meter on December 22, 2009 (boomark / email).