Wesbury: Shrinking 4Q GDP `Kind of a Head Fake'

Jan. 30 (Bloomberg) -- Brian Wesbury, chief economist at First Trust Advisors, discusses the fourth-quarter GDP report which saw the U.S. economy shrink 0.1 percent as government spending on defense fell the most since 1972. He speaks on Bloomberg Television's "In The Loop."

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Euro-Area Consumer Prices Extend Decline to -0.6%
03:16 - Jan. 30 -- Consumer prices in Europe fell more than expected in January as the annual inflation rate dropped to minus 0.6 percent while unemployment ticked down to 11.4 percent for December. Bloomberg’s Guy Johnson and Hans Nichols break down the numbers on “The Pulse.”
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