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Wall Street’s Biggest Permabull Slashes US Growth Outlook (Again), Says No Chance Of March Rate Hike
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 02/08/2016 11:15
Everyone’s favorite permabullish meteorologist, Deutsche Bank’s very own Joe LaVorgna, has gone full-Zero Hedge of late, dropping the weather excuses for a decidedly bearish take on the state of the US economy.
Indeed it was just last month when LaVorgna cut his Q4 GDP estimate by “one full percentage point” citing “softer than expected data.”
Well don’t look now, but LaVorgna is back with yet another dire warning about the US “recovery,” this time slashing 2016 estimates due to a laundry list of factors including, but certainly not limited to, tighter financial conditions (apparently hiking into a decelerating economy wasn’t a good idea after all) and weak global growth.
Below, find more from LaVorgna.
The post Wall Street’s Biggest Permabull Slashes US Growth Outlook (Again), Says No Chance Of March Rate Hike appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/08/wall-streets-biggest-permabull-slashes-us-growth-outlook-again-says-no-chance-of-march-rate-hike-2/
