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Tuesday, July 17, 2012

Gross Says U.S. Nearing Recession as Goldman Sachs Cuts Forecast - Yahoo! Finance

Gross Says U.S. Nearing Recession as Goldman Sachs Cuts Forecast - Yahoo! Finance

"A cooling job market is sapping household spending that makes up 70 percent of the economy, curbing sales at retailers such as Target Corp. and Macy's Inc. Economists at Morgan Stanley and Credit Suisse also lowered their forecasts for economic growth in the second quarter after the data."
..It will also be interesting Thursday to see if UE claims spike over 400k, since the much lower claims last Thursday were apparently a one time phenomenon...will they spike to catch up?

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