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Market Currents

Thursday, July 2, 2009
9:26 AM TweetThis
  • 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.

This news story has 7 comments:

  •  
    whats in the pipe he's smoking?
    Jul 02 09:29 AM | Link | Reply
  •  
    Merrill - a bit late aren't ya?
    Jul 02 09:30 AM | Link | Reply
  •  
    straight from the goverment propaganda rep that is now inside Merrill Lynch....
    Jul 02 09:37 AM | Link | Reply
  •  
    Consider the source very carefully.
    Jul 02 09:47 AM | Link | Reply
  •  
    BofA removed the "bull" from Merrill and replaced it with B.S.
    Jul 02 09:51 AM | Link | Reply
  •  
    what world are they talking about...the Jetsons are buying a new wing wing
    Jul 02 09:52 AM | Link | Reply
  •  
    Obviously Merrill seems to be missing the following facts:

    * [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.
    Jul 02 10:28 AM | Link | Reply
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