Final Q4 2007 GDP Data May Indicate Recession

3/27 - "Economist Glen Langan told BloggingStocks Thursday the final Q4 2007 statistic signals to him that the U.S. economy is in a recession. "If you look at the consumption slowdown, it's signaling that we're in recession. The 0.6% Q4 growth stat basically is a slow-growth recession and we could have easily gone negative in Q4," Langan said. "I expect we'll be negative in Q1 2008 at about negative 0.4-0.8% and in Q2 at about negative 0.3-0.5%."

"The Commerce Department will release its advance report on Q1 2008 GDP growth on April 30, and Langan expects to see even more signs of commercial activity slowing at that time...Langan added that, given the recession, he expects U.S. GDP growth to total just 1.1-1.5% in 2008."