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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Deutsche Bank Geht Eeyore

November 29th, 2006 by reality

For the record: “WASHINGTON (MarketWatch) — The U.S. economy has stalled, Deutsche Bank economists said Tuesday in a note to clients. ‘In light of continued weakness in the economic data, we are cutting our fourth quarter real GDP growth forecast to zero from the 1.0% that we were originally predicting,’ wrote Joe LaVorgna and Carl Riccadonna. The economists made the forecast change following Tuesday’s weak durable-goods report, coupled with tepid reports from retailers. ‘Consumer spending is not getting the boost from falling gasoline prices that many analysts anticipated,’ they wrote. Other economists aren’t so glum: The average forecast for growth in the fourth quarter is 2.3% following a 1.6% gain in the third quarter.”

Nouriel Roubini has also predicted 0% growth in the fourth quarter.

Posted in Nouriel Roubini, The Economy |

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