The economy is slowing, in pictures
June 27, 2011
This is from Richard Yamarone for a speech he is doing later this week. He is the chief econ guy at Bloomberg and the Bloomberg Economic BRIEF -- a daily economic newsletter. Smart smart guy. We have been trading emails and calls today over our shared concern that GDP may come in much softer for Q2 than current forecasts, maybe even print a number below 1. ANYTHING from a chaotic Europe will tip us into recession at a 1% stall speed. The data just does not look healthy.