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Two months ago, Goldman Sachs projected that the economy would grow at a 4 percent annual rate in the quarter ending in June. The company now expects the government to report no more than 2 percent growth when data for the second quarter is released in a few weeks.
Macroeconomic Advisers, a research firm, projected 3.5 percent growth back in April and is now down to just 2.1 percent for this quarter.
“The likelihood of a negative surprise is bigger than the likelihood of a positive surprise,” said Jerry A. Webman, chief economist at OppenheimerFunds
Well for 2.5 years now the economists have been shocked by "unexpected" numbers.
No one saw this coming yet they all claim they can see the recovery until the numbers tell them otherwise.
I follow what I follow and there's no good news on the horizon from what I see.
Well for 2.5 years now the economists have been shocked by "unexpected" numbers.
No one saw this coming yet they all claim they can see the recovery until the numbers tell them otherwise.
I follow what I follow and there's no good news on the horizon from what I see.
Agreed. 0bama is not helping to encourage people to expand or take risks, with his demands to raise taxes, or print more money, borrow more money.
0bama signed thousands of pages of new laws and regulations, many of which were basically fill-in-the-blank, and just waiting for some bureaucrat in his administration to decide what the fines, punishments, mandates and regulations were going to be. How can a business expand or hire new employees, when they do not know what the new costs, rules or tax schedules will be in six months?
A normal growth for the US is 3%...2% is normal for France or Germany...It's terrible, Obama shame on you with your crappy anti-business policies
No, he is pro business as long as it has to do with GE, is union contolled and have government restrictions.
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