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Morgan Stanley's David Greenlaw still sees second-half GDP growth at 3.5%, citing an eclectic...
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Monday, July 11, 2011, 5:50 PM ETMorgan Stanley's David Greenlaw still sees second-half GDP growth at 3.5%, citing an eclectic mix: auto assembly schedules pointing to increased production after recent disruptions, cheap gas prices likely to translate into real consumption growth, incentives for businesses to spend expiring at year-end, and a seasonal quirk that will boost Q4 exports.
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no disrespect to MS David here with his fairly optimistic predictions, as a matter of fact, anyone of us could have made all kinds of predictions, it is whether those predictions will be carried out as planned
look many CEOs of big and small companies already mentioned uncertainty due to our political leaders still bickering over debt ceiling and whether to raise taxes or cut spending etc.. hence business's not spending, look at the anemic job growth in US, what does it tell ya?
how long do you think political brinkmanship will continue? i suppose as long as there's divided will to do anything until the next election, both Republicans & Dem are still playing games using American's economy growth to win votes next year
alcoa and microchip tech have come out and said they see global automotive sector weakness, and weak consumer spending in the US, so MS David here is a real deal OPTIMIST!