BB&T Corporation Message Board

From Doug Short:

"Even with the downward revision from 2.5% to 2.0% for the second estimate of Q3 GDP, many will see the postive Q3 GDP as a repudiation of ECRI's recession call.

ECRI itself did not offer a specific date for the start of the forecast recession. A general view is that ECRI's headlights shine about six months into the future, which would make Q1 2012 GDP the critical number for evaluating ECRI's stance."

Keep watching as this is a forward looking call and frequently occurs when GPD is positive.