Economy Expected to Have Major Slide in Months Ahead (via Randy's Right)

Economy Expected to Have Major Slide in Months Ahead A drumbeat of disappointing data about consumer behavior, factory sales and weak hiring in recent weeks has prompted economists to ratchet down their 2011 economic forecasts to as little as half what they expected at the beginning of the year. Two months ago, Goldman Sachs projected that the economy would grow at a 4 percent annual rate in the quarter ending in June. The company now expects the government to report no more than 2 percent growth w … Read More

via Randy's Right

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