GDP sags, BOJ surprise, Amazon pops, Ford gets pricey, and Goldman is still playing the ponies. Financial Review by Sinclair Noe for 04-28-2016 DOW – 210 = 17,830 SPX – 19 = 2075 NAS – 57 = 4805 10 Y -.02 = 1.84% OIL + .70 = 46.03 GOLD + 20.60 = 1267.40 The US economy grew 0.5% in the first quarter, the slowest pace in 2 years. Economists had forecast the economy expanding at a 0.7 percent rate in the January-March period after growing at a 1.4 percent pace in the fourth quarter. While consumers eased up slightly on spending, business investment fell sharply, stung by lower outlays on equipment and infrastructure like factories and drilling rigs. Almost all sectors of the economy weakened in the first quarter. Households have been frugal, cutting back on big purchases; saving their modest wage gains and paying down debt. Income at the disposal of households after accounting for taxes and inflation increased 2.9 percent in the first quarter after rising 2.3 percent in the prior period. Savings rose to $712 billion from $678 billion in the fourth quarter. Businesses continued to place fewer orders for goods in the first quarter, accumulating $60 billion worth of inventory, down from $78 billion in the fourth quarter. A sustained plunge in energy sector investment undermined business spending. The first-quarter results reinforced what has become something of an annual economic rite in recent years – a weak first quarter, followed by optimistic predictions that a ...