Rampart Portfolio Partners LLC - MDEF Investing Recession Coming? New data suggesting Q1 GDP at a negative growth rate is not a surprise to investors who watch DEMAND. It is now clear why Fed Chair Yellen recently said the economy will continue to need considerable stimulus. Keep in mind the QE taper will continue (ending in October) as the newly passed $1.1T budget replaces that spending. That budget, passed in an election year, should be viewed as a shot of Adrenalin into the heart of the economy. The politicians are just praying it has positive effect before November. Heres the money quote (full article follows): Incorporating the new data, J.P. Morgan ChaseJPM -0.05% on Tuesday estimated GDP contracted at a 0.8% rate in the first quarter. Macroeconomic Advisers put the contraction at 0.7%. Barclays Capital predicted a 0.6% decline. Pierpont Securities estimated output fell at a 0.4% rate. Action Economics estimated a 0.2% decline.
Posted on: Tue, 13 May 2014 21:23:24 +0000
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