Brian Brown's Official Website

Sponsored by

Brian Recommands

Sponsored by

One of Brian’s Favorite Quotes

Money is the root of all evil, and man needs roots.”

Economists Across Wall Street Are Axing Their Forecasts For US Growth

Today’s disappointing is sending shockwaves across

Wall Street’s economics departments.

“The disappointing 0.4% m/m rise in US retail sales values in June  increases the chances that GDP grew at an annualised rate of less than 1% in the second quarter,” said .

its Q2 GDP growth tracking estimate to 0.5% from 0.6%, reports CNBC’s Bob Pisani.

According to Zero Hedge, its GDP forecast to 1.0% from 1.3%.

“Today’s number complicates Q2 GDP estimates,” . “Q2 should be less than 1.0%, the second time in 3 qtrs GDP is less than 1.0%. That’s not very good.”

Link to this story: 

Please share with your friends:

Leave a Reply

Sponsored by

Brian Recommends

Sponsored by