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  • Case-Shiller: Home prices hit fourth consecutive all-time high

    Home prices increased to a new high for the fourth consecutive month, according to the Case-Shiller index. S&P Dow Jones Indices’ chairman explains the state of the housing market, and how rising home prices fall in line with the nation’s home sales, housing inventory and other factors. Click the headline to read more.

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The GDP loses momentum

Especially in the fourth quarter

The Gross Domestic Product, that is, the value of everything a nation produces, showed a significant markdown this fourth quarter compared to the 3.9% increase last spring. According to Market Watch author Jeffry Bartash, the economy expanded at a 2.4% clip last year, the same as in 2014, the Commerce Department said.

So it's growth, kinda.

Truth is, by way of comparison, the U.S. hasn’t topped 3% growth since 2005.

Per the Market Watch article, softer consumer spending, falling exports and a smaller buildup in business inventories were largely the cause of the fourth-quarter slowdown, fresh government data showed. Inflation waned again.

The negatives are on the business side especially those facing foreign markets. Net exports pulled down GDP by 0.5%. Non-residential investment pulled down GDP by more than 0.2%. Reduction in inventory investment, which the Federal Open Market Committee warned about on Wednesday, pulled the quarter down by 0.5%. 

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