For stocks, it could mean "Look out below!"

Message from moi:

The preliminary figures don't appear to support bullish predictions. A disappointing number is more likely, according to this source.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Gary Shilling: "Q2 GDP Was Closer To 1% Than To 3%. It Could Even Be A Negative Number"

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Gary Shilling: "Q2 GDP Was Closer To 1% Than To 3%. It Could Even Be A Negative Number"

By Tyler Durden

Created 07/27/2014 - 17:11

This week, in the aftermath of the Q1 -2.9% GDP disaster, the biggest "non-recessionary" drop in 67 years which was blamed on harsh weather (because there have never been harsh winters in the past 67 years), we get the first glimpse of what Q2 GDP was in the US economy. It is expected to print just shy of 3%. However, one person disagrees: Gary Shilling believes that not only will Q2 GDP be closer to 1% than to 3%, there is a fairly good chance it could be negative, which of course would mean that the US economy has officially entered a recession.

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Source URL: http://www.zerohedge.com/news/2014-07-27/gary-shilling-q2-gdp-was-closer-1-3-it-could-even-be-negative-number