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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: carranza2 who wrote (7419)	7/14/2010 7:10:45 PM
From: GROUND ZERO™	Read Replies (1) of 219659

Second-quarter growth looking softer - GDP forecasts edging lower and lower after weak data By Rex Nutting, MarketWatch July 14, 2010 WASHINGTON (MarketWatch) -- After a spate of weaker-than-expected U.S. economic data over the past week, top economists have lowered their forecasts for U.S. growth and now think the economy expanded at a tepid 2.7% annual pace in the second quarter, matching the first-quarter's growth. The third quarter, which began on July 1, is expected to be even slower at just 2.5%. Fears that the economy could fall back into a recession have intensified. The June retail data released on Wednesday were disappointing, especially the revisions to previous estimates of so-called control retail sales, the data most important to calculating GDP. Full story below: marketwatch.com GZ

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