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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