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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%.
Comments (3)
  • Stone Fox Capital
    , contributor
    Comments (5824) | Send Message
     
    So if govt spending didn't help GDP, why is the absent going to hurt?
    2 Aug 2011, 03:05 PM Reply Like
  • robguima
    , contributor
    Comments (3) | Send Message
     
    "So if govt spending didn't help GDP"

     

    how do you know that?
    2 Aug 2011, 03:18 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Don't look now, but the gold short covering rally has begun..
    2 Aug 2011, 03:35 PM Reply Like
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