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Apple Inc. Message Board

  • shortsellpro shortsellpro Aug 6, 2011 2:14 AM Flag

    3Q GDP going negative !!!!!!!!!!

    "The Commerce Department government last Friday slashed its measure of gross domestic product growth for the first three months of 2011 by 1.5 per centage points to a mere 0.4 per cent annual rate."

    3Q is going negative, too many headwinds. GDP needs to be above 3% to pay the bills. GDP is nowhere near 3%. Europe is bankrupt, debt downgrades will shock the system increasing systemic risk and causing investment to retrench. Every asset price needs to be reevaluated after US downgrade. Global debt reset will leave markets in shambles.

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