Friday, December 10, 2010

PIMCO RAISES 2011 GDP FORECAST

Because of the DEAL on taxes reached, there is UNPRESEDENTED STIMULUS in the system, they see the economy a lock for 3-3.5% GDP this is 1% up from previous forecast.

Is this enough to forecast jobs? bottom in housing market? There has been so much GOOD news lately, 2 new Chinese IPO'S were gobbled like the Thanksgiving turkey....bullishness at or near extremes including AAII BULL BEAR RATIO....but don't worry....your cash is still trash....the economy is so strong the FED will continue to print money and leave key bank rates at 0%.

D

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