with yesterday's 4th qtr gdp at 0.6% and the weak outlook for employment, a recession is increasingly likely.
a snapshot in blp screens of what i see:
Thursday, January 31, 2008
Thu 1/31/2008 9:27am
after the fed cut another 50bp and set the fed funds target to 3.00% yesterday, weekly unemployment claims showed a big increase to 375k from an expected 319k. stock futures are off 15pts from a -5 before the data.
with yesterday's 4th qtr gdp at 0.6% and the weak outlook for employment, a recession is increasingly likely.
a snapshot in blp screens of what i see:
with yesterday's 4th qtr gdp at 0.6% and the weak outlook for employment, a recession is increasingly likely.
a snapshot in blp screens of what i see:
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