Goldman Cuts Q2 GDP To 3.0%

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Wed, 05/25/2011 - 06:48 | 1308247 Alcoholic Nativ...
Alcoholic Native American's picture

All these tornadoes and deaths should give some pretty good green shoots.  People will be buying new houses and new cars.

Wed, 05/25/2011 - 07:19 | 1308280 sabra1
sabra1's picture

florida has not fully rebuilt after that huge hurricane years ago. how about new orleans? how many people have insurance? how many destroyed homes were forclosures? am sure banks will keep those homes at full market value anyway!

Wed, 05/25/2011 - 07:17 | 1308288 sabra1
sabra1's picture

florida has not fully rebuilt after that huge hurricane years ago. how about new orleans? how many people have insurance? how many destroyed homes were forclosures? am sure banks will keep those homes at full market value anyway!

Wed, 05/25/2011 - 10:01 | 1308748 Monedas
Monedas's picture

Yeah ! It's a crucial part of Obama's economic strategy ! Shovel ready projects ! Makework and welfare ! Monedas 2011

Wed, 05/25/2011 - 06:50 | 1308248 A Man without Q...
A Man without Qualities's picture

The only question left is how far they let equities drop before announcing the next round of QE....

Wed, 05/25/2011 - 10:09 | 1308792 Monedas
Monedas's picture

If equities drop....PMs must be punished ! They must never appear to be a safe haven alternative from stocks and bonds ! If terrorist states have strife.....turn up the heat on Israel ! It's only fair ! Monedas 2011 Springtime for Syria !

Wed, 05/25/2011 - 06:55 | 1308251 chubbar
chubbar's picture

OT, but here is the FEDs position on any state trying to uphold the 4th amendment. A no fly zone over an entire state. I hope Texas tells them to shove it up their ass.

This from the tenthamendment center:

"Yesterday, the U.S. Department of Justice upped the ante in a high-stakes political game of chicken. Lobbying against pending legislation in the Texas legislature which would criminalize any searches conducted without probable cause, U.S. Attorney John E. Murphy sent a letter to a few high-ranking members of Texas’ government warning against promoting the bill and threatening a complete closure of all flights to and from the state.

“If HR [sic] 1937 were enacted, the federal government would likely seek an emergency stay of the statute,” Murphy wrote. “Unless or until such a stay were granted, TSA would likely be required to cancel any flight or series of flights for which it could not ensure the safety of passengers and crew.”

No doubt written with the threatening intent one reads into it, Murphy added: “We urge that you consider the ramifications of this bill before casting your vote.”

Previous to the federal government’s threat, the Texas legislature had considered the ramifications of the bill. More importantly, they were responding to a clear need to uphold the Fourth Amendment and ensure that each person enjoys the right “to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures” — a right which the U.S. Constitution mandates “shall not be violated.”

Wed, 05/25/2011 - 07:00 | 1308253 Alcoholic Nativ...
Alcoholic Native American's picture

The U.S. constitution was obliterated on 9/11.  Never forget.

Wed, 05/25/2011 - 07:03 | 1308265 Urban Redneck
Urban Redneck's picture

In the event ... Texas should respond by blocking the export of oil refined in the State.  Most of the TSA Pervert Union then can be easily laid off if the a huge chunk of US airports can't get jet fuel. 

Wed, 05/25/2011 - 07:30 | 1308313 trillion_dollar...
trillion_dollar_deficit's picture

3% growth with $4 gas. Sure.

Wed, 05/25/2011 - 08:14 | 1308383 101 years and c...
101 years and counting's picture

Q2 GDP will be less than 1%.  Likely negative. 

Wed, 05/25/2011 - 10:21 | 1308839 Jovil
Jovil's picture

Michael Ruppert forecasted this and more on the Japan supply line distribution afecting world markets. Check it here.

http://lonerangersilver.wordpress.com/2011/05/17/michael-ruppert-we-have...

Mon, 05/30/2011 - 20:46 | 1323791 brand shoes
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