One of Brian’s Favorite Quotes
Great thinkers have always encountered opposition from mediocre minds.–Albert Einstein.”
Economists Across Wall Street Are Axing Their Forecasts For US Growth
Today’s unsatisfactory is promulgation shockwaves opposite Wall Street’s economics departments.
“The unsatisfactory 0.4% m/m rise in US sell sales values in June increases a chances that GDP grew during an annualised rate of reduction than 1% in a second quarter,” pronounced .
a Q2 GDP expansion tracking guess to 0.5% from 0.6%, reports CNBC’s Bob Pisani.
According to Zero Hedge, a GDP foresee to 1.0% from 1.3%.
“Today’s series complicates Q2 GDP estimates,” . “Q2 should be reduction than 1.0%, a second time in 3 qtrs GDP is reduction than 1.0%. That’s not really good.”