GARY SHILLING: Q2 GDP Growth Was Closer To 1%, Not The 3% Everyone's Expecting

GARY SHILLING: Q2 GDP Growth Was Closer To 1%, Not The 3% Everyone's Expecting

 Economists estimate real GDP jumped 3.1% in Q2 after plunging 2.9% in Q1.
They believe that the economic freeze caused by the unusually harsh winter will be reversed in a spring economic thaw.
They see Q2 growth as a prelude to "3%-plus growth in the second half of the year," writes economist Gary Shilling.
In a special report titled 'No Spring Thaw', Shilling warns "the herd is likely to be disappointed."