you are viewing a single comment's thread.
Going to be a litle above 3, but will be a blip. Underlying hard econ data in the US in Q3 was surprisingly strong, as was the trade balance, all will help boost the 3Q GDP. But a lot is from Japan manufcaturing coming back on, so will fade in 4Q.
I hope your right about Q3 for the sake of the 401k people. (You know, the innocent work force that isn't paying attention and never heard of quantitative easing).I'd be much more upbeat in my outlook had we gotten the American Jobs Act. Q4 would have been a strong number, and Q1 2012 would have been a beautiful thing.
I agree, that is exactly how I was looking at it too. Although I don't think it will be as high as 3%. I wonder how the market would react to 3%.