Merrill Lynch now sees H2 U.S. GDP growth of 2.7%, almost double its previous forecast of 1.4%. Firm predicts stronger consumer spending due to stimulus programs, and thinks home sales could continue to level off.
Graham and Dodd Investor: Given historical relationships versus current ones, oil will have to fall in price or natural gas rise (or both). Which will it be?
about 1 hour ago
The EconomicJoker: I would like to wish everyone a safe and happy holiday season! Eat drink and be merry!
about 2 hours ago
Hedged In: Lots of people keep hoping for a rise in natural gas prices, but keep being disappointed. Look at the charts for GAZ, UNG and UNL.
about 5 hours ago
LongShortTech: Catalysts for AAPL: strong iPhone holiday sales; January launch of tablet; but GOOG smartphone launch in early 2010.
This news story has 7 comments:
* [Gov't -reported] Unemployment rate at 9.5% and rising
* Household debt at about 100% of GDP
* Rising interest rates (30-year fixed at above 5%)
Consumer spending due to "stimulus" isn't coming back right now. Debt must be shed first.