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Mullooly Asset Management, Inc

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Economy shrinks at fastest pace in 26 years

February 28, 2009 by Thomas Mullooly

This was the headline this morning on many websites and news sources.  What you need to remember is this: they are reporting figures for the 4th Quarter 2008.

That’s right, the period from October 1, 2008 – December 31, 2008.  That information is already TWO MONTHS OLD.

Nothing new here, we are all in the middle  of this.  In fact, keep in mind, with many economic numbers, including GDP, the schedule works like this:

Quarter ends (say, December 31)

First estimate of GDP due: January 31

Preliminary results due: February 27

Final results due: March 31.  So we’ll be hearing again how terrible the 4th quarter was at the end of March.

Old news.

Economy shrinks at fastest pace in 26 years

Economy shrinks at faster-than-expected 6.2 percent pace in fourth quarter, worst in 26 years

Enough to  make you sick, isn’t it?

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Filed Under: Asset Management

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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