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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (350314)	12/5/2007 7:00:26 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

GDP Forecasts Continue to Move Lower Forecasts for fourth-quarter gross domestic product growth have been trending downward in recent weeks, and today’s inventories data from the Commerce Department’s report on factory orders pushed at least one major projection flat. Macroeconomic Advisers lowered its tracking estimate of GDP growth in the fourth quarter by one-tenth to 0.0% on the weaker-than-expected inventories numbers. Meanwhile, Lehman Brothers said the data pushed its tracking estimate to just 0.4% growth from a 0.8% estimate yesterday. Morgan Stanley left its forecast at 0.2%, saying lower inventory investment and higher capital spending canceled each other out. Nomura Securities, which marked the inventories data as a drag on GDP, expects the economy to contract by 0.3% this quarter. The forecast revisions are making a negative reading for fourth quarter GDP look more likely, and increasing the odds of a recession — generally defined as two consecutive quarters of negative GDP. –Phil Izzo I see da boyz got subpoenaed. -g-