The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (33061)	12/7/2010 11:57:26 AM
From: John	Read Replies (2) of 71454

So soon? Barely four months ago, they were calling for 1.9% 2011 growth. Of course, equities immediately soared! Now, a quarter later they're trumpeting a 4 percent annualized growth rate by the end of 2011! How will stocks respond? Of course, there's an ugly truth buried in this "great" news of "expansion"... marketwatch.com excerpt: "Economists at BNP Paribas say the ratio of deficit-to-GDP will grow to 9.5% in fiscal 2011 from their previous 8.5% forecast, and it will rocket to 9.8% from the prior 6.9% estimate for fiscal 2012." --- Cutting GDP to 1.9 percent is soooo yesterday at GS, especially now that the 'congressional opposition' has withered. Which GS genius failed to predict that? -ng- August 6, 2010 Goldman Sachs Cuts U.S. GDP Forecast For 2011 businessinsider.com excerpt: Goldman Sachs has cut GDP forecasts for 2011 to 1.9% from 2.4%, via CNBC. Goldman is blaming the cut on congressional opposition to further fiscal stimulus, according to CNBC.

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