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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (74577)	5/27/2011 2:11:57 PM
From: 2MAR$	Respond to of 219943

A basic briefing look over the quarter deck's rail looking out to see the horizon's curve a master & commander on the far side of the world taking readings in the current seas.... " we sport the biggest weapons, our understanding of the script " Business Investment and Personal Spending Disappoint, Lead to Lower GDP Forecast After a relatively strong March, economic growth weakened across most sectors in April. As a result of the slowdown, we cut our second quarter GDP forecast nearly in half from its starting level. If the pullback is simply volatility following a strong March, our conservative forecast should increase over the next two months. Consumer spending remains one of our largest concerns for our short-term and medium-term forecasts. Solid spending growth over the last two months was completely mitigated by stronger-than-normal inflation levels. If inflation growth continues at its current pace, real spending may remain flat or possibly shrink. We believe a contraction in real spending is unlikely given the growth in payrolls and income, but it is something we have to consider now. The second revision to Q1 real GDP came in largely as expected. Our forecast for Q2 2011 real GDP was revised lower from 2.4% to 1.6% on weaker-than-expected consumption and business investment spending. Jeffrey Rosen, Ph.D.