Location: In the Fascist Dictatorship once known as the USA!!
Age: 50
Posts: 36,086
Merrill Cuts 2009 U.S. GDP Forecast
Quote:
July 22 (Bloomberg) -- Merrill Lynch & Co. economists clipped their forecasts for U.S. growth, making revisions that they described as ``adjusting to the new reality.''
doctored figures are the only reason we are not "officially" in negative growth territory already. this forecast is likely to be in error however since Nov.-Apr is the cash rich time of the year. The Christmas of 1929 set records for the big department stores, the market was going up and many people were attempting to bottom fish for bargains.
Socio-biology and selection is a fact of life and death not a political option
Politics is a continuation of war by other means
Calling congress a parliament of whores insults the morals and principle of crack whores
Location: In the Fascist Dictatorship once known as the USA!!
Age: 50
Posts: 36,086
Re: Merrill Cuts 2009 U.S. GDP Forecast
Quote:
Originally Posted by william the wierd
doctored figures are the only reason we are not "officially" in negative growth territory already. this forecast is likely to be in error however since Nov.-Apr is the cash rich time of the year. The Christmas of 1929 set records for the big department stores, the market was going up and many people were attempting to bottom fish for bargains.
I am just wondering how low the market will go. I don't mind getting in before the bottom but I have a 300% margin of error on where the bottom is and that is scary.
Socio-biology and selection is a fact of life and death not a political option
Politics is a continuation of war by other means
Calling congress a parliament of whores insults the morals and principle of crack whores
Location: In the Fascist Dictatorship once known as the USA!!
Age: 50
Posts: 36,086
Re: Merrill Cuts 2009 U.S. GDP Forecast
Quote:
Originally Posted by william the wierd
I am just wondering how low the market will go. I don't mind getting in before the bottom but I have a 300% margin of error on where the bottom is and that is scary.
Remember this William, we are at the begining of this.
As mentioned elsewhere until the last half of the Roth conversion tax hits in April-July 2012 people will convince themselves that they have some exit that doesn't involve kicking their debt addiction. That is my target date for the last march to rock bottom.
Socio-biology and selection is a fact of life and death not a political option
Politics is a continuation of war by other means
Calling congress a parliament of whores insults the morals and principle of crack whores
Merrill Cuts 2009 U.S. GDP Forecast
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