Friday 29 July 2011

Heads Up: The Next Bad News On The Economy Comes Out Tomorrow

Joe Wisenthal,
Business InsiderJul. 28, 2011, 8:00 AM

There's all this interesting news happening out there (the US slowdown, the European mess, etc.) but it's all being eclipsed by the debt ceiling nonsense.

Tomorrow though, everyone will have to pay attention when Q2 Advance GDP comes out.

Officially, it's expected to come in at just 1.8%, though there are growing concerns that it will come in much worse... the lowest guesser for the survey expects just 0.9% growth.

After yesterday's durable goods disaster, that's a possibility.

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