Friday, October 21, 2011

Merrill Lynch Ups GDP Forecast

The result of Bernanke's mad money supply increases are becoming obvious. Future voodoo aggregate economic numbers will be upticking.

Merrill Lynch writes:

Our tracking model of third quarter GDP has been running well ahead of our former official estimate of 1.8% growth. Today, in our US economic weekly, we officially revise up our forecast to 2.7%. We expect some of this strong momentum to carry over into the fourth quarter. We bumped up our Q4 estimate to 2.3% from 2.0%.

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