Merrill Lynch now sees H2 U.S. GDP growth of 2.7%, almost double its previous forecast of 1.4%....

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.

Comments

[Carlos Lam]

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.

[fed_alchemy]

what world are they talking about...the Jetsons are buying a new wing wing

[Joseph Wagda]

BofA removed the "bull" from Merrill and replaced it with B.S.

[obamaphobe]

Consider the source very carefully.

[youngman442002]

straight from the goverment propaganda rep that is now inside Merrill Lynch....

[j_remington]

Merrill - a bit late aren't ya?

[liack]

whats in the pipe he's smoking?