50s, 60s, 70s first, the positive spin is that it is out of recession. We did see some signs of life. It wasnt what economists were expecting. I think a big part of it was the big revision down, the thirdquarter gdp number. It was worse. Deeper than first thought. The initial read was negative one point nine. That brought they brought that down to 2. 3. We are looking at growth. The annualized figure is 2. 2 . The estimate was for 3. 7 . The Third Quarter revise number was down to 2. 3 . The recession was a bit deeper than expected. What was the reason for the weakness here . Lets talk about that a little bit. You had the export numbers were quite good for december. But the underlying demand spending, isnt quite where it should be. Lets listen in the hsbc japan economist was here. Listen in. Export is looking quite strong due to Strong Demand in the u. S. But Household Spending is still under pressure. I think that is going to be the case unless we get a big round of wage revisions sta
James Mager was a born and bred New Yorker. The youngest of six children, raised in the Bronx, he followed in the steps of his father, an FDNY lieutenant, and joined the department in his late …