More Market Trouble Ahead as ‘Perfect Storm Returns’
Jul 10th, 2008 | By Contrarian Profits | Category: Featured, Financial News, Politics & EconomicsAccording to a recent Bloomberg article, financial analysts believe that the year end of 2008 has more trouble in store for the US economy.
The world’s largest economy will slow to a 0.5 percent annualized growth rate from October to December, down from a 1 percent estimate last month, according to the median forecast of 63 economists surveyed from June 30 to July 9. Analysts anticipate consumer spending will rise 0.2 percent next quarter, the smallest gain since 1991.