GGN- Economic News :: October 5, 2010

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . PLEASE SUBSCRIBE!!! CBO expects—as do most private forecasters—that the economic recovery will proceed at a modest pace during the next few years. In its projections released in August, CBO forecast that, under current laws governing federal spending and revenues, real (inflation-adjusted) gross domestic product (GDP) would increase by 2.8 percent between the fourth quarter of 2009 and the fourth quarter of 2010 and by 2.0 percent between the fourth quarters of 2010 and 2011. - (Bloomberg) After the economy slipped into recession in 2008, millions of Americans received unemployment benefits to make ends meet -- including almost 3000 millionaires. According to US Internal Revenue Service data, 2840 households reporting at least million in income on their tax returns that year also collected a total of .6 million in jobless aid. HEADLINES The Economic Outlook www.cbo.gov US Economy Grew 1.7% in Second Quarter www.tradingeconomics.com Obama to Spend Money on Infrastructure to Create Jobs news.yahoo.com UN: Climate funds shouldn't divert poverty aid yhoo.it Future hiring will mainly benefit the high-skilled www.huffingtonpost.com Strikes in France, London Foreshadow More Protests abcnews.go.com Fears of a Second Recession Ease, at Least for Now abcnews.go.com China's inflation edges up, driven by food costs abcnews.go.com REPORT: Wall St Week Ahead: Prepare for volatility www.reuters.com Obama taps Goolsbee as top White House economist www.reuters.com Cuba to cut 500000 ...

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