Here’s Why Everybody Is Wrong About The Second Quarter Being Weak
With the quarter now one third complete just about all the pundits are predicting a sharp slowdown in the economy for the April-June period. Today Jamie McKeever of Reuters reported that Barclays and Morgan Stanley expect GDP growth of just 1% to 1.5% for the quarter.
The all knowing punditocracy will need a total collapse in May and June in order to be correct, based on first time unemployment claims and real time Federal Withholding Tax data.
Read More: http://economicrisis.com/heres-why-everybody-is-wrong-about-the-second-quarter-being-weak/6290