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CSX Corp. Message Board

  • theolprofit theolprofit Nov 21, 2012 1:22 PM Flag

    Good News from WSJ for CSX...

    ...Shorts. Sounds like Downgrade news to me!

    By WSJ Staff

    Consumer spending helped to accelerate economic activity in the third quarter but the overall U.S. recovery remains sluggish, according to Fannie Mae.

    The mortgage-finance company said U.S. gross domestic product has climbed 7.2% since its low point in 2009, compared with an average growth of 16% for economic recoveries since the 1960s over the same period.

    Consumer spending accounted for about 70% of GDP in the third quarter. But Fannie Mae warned that consumer and business confidence may weaken in the coming months due to the looming fiscal cliff and debt-ceiling debate, which are likely to create significant barriers to meaningful growth.

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