Morgan Stanley's David Greenlaw still sees second-half GDP growth at 3.5%, citing an eclectic...

Morgan 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.

Comments (10)
  • Guardian3981
    , contributor
    Comments (2499) | Send Message
    "Cheap" gas prices???
    11 Jul 2011, 06:16 PM Reply Like
  • LuckyPick
    , contributor
    Comments (740) | Send Message
    maybe this dude is one of the many "high" networth people that can afford to pay even if the prices at the pump goes to $10/gallon
    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!
    11 Jul 2011, 10:37 PM Reply Like
  • tigersam
    , contributor
    Comments (1707) | Send Message
    Good for stock prices.
    11 Jul 2011, 08:09 PM Reply Like
  • tjohn1
    , contributor
    Comments (151) | Send Message
    Does GDP Growth mean any thing?. According to GDP we are out of recession. With all these positive numbers from good old Commerce, are we really out of recession? In my view GDP is useless as a measure of any thing including this nation's economy. Anecdotal is better! Who is crazy? Me or those professional economists?
    11 Jul 2011, 08:18 PM Reply Like
  • valueinvestor123
    , contributor
    Comments (325) | Send Message
    This guy is delusional!
    11 Jul 2011, 08:32 PM Reply Like
  • buybuybear
    , contributor
    Comments (389) | Send Message
    One ball for every percentage point miss
    11 Jul 2011, 08:34 PM Reply Like
  • AnchorMan
    , contributor
    Comments (115) | Send Message
    clearly, blow is making a big comeback on wall street!
    11 Jul 2011, 09:16 PM Reply Like
  • montanamark
    , contributor
    Comments (1455) | Send Message
    LOL - look at MS chart
    11 Jul 2011, 09:55 PM Reply Like
  • AxiosCap
    , contributor
    Comments (312) | Send Message
    These folks checked their brains at the door. Shills...all of them.
    11 Jul 2011, 10:07 PM Reply Like
  • JB1982
    , contributor
    Comments (100) | Send Message
    The MS economist (Greenlaw) didn't call gas cheap... that's seeking alpha's wording. Greenlaw cited the recent fall in gas prices, that's all. Also, his 3.5% prediction was cut from 4%.
    11 Jul 2011, 11:08 PM Reply Like
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