JPMorgan's Michael Feroli sharply cuts his 2012 GDP forecast from 2.7% to less than 1% ...
JPMorgan's Michael Feroli sharply cuts his 2012 GDP forecast from 2.7% to less than 1% after having a look at the CBO scoring of the debt limit bill. While the cuts are marginal, they come on top of other stimuli that will be expiring. Treasuries continue a sharp rally, the 10 year now at 2.62%.
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