Interesting that Goldman Sach's Economics Group slashed their forecast for q3 US GDP last week from an in-line view of 2% to 1% [see chart below]. Today, NY Fed President, Tim Geithner, mentions that 'external factors that damp inflation could fade' (ie: fixed exchange rates). Accross the Atlantic, ECB Chairman Trichet and a council member state the following in separate speeches:
BN 10:23 *TRICHET SAYS HEDGE FUNDS MAY POSE RISKS TO FINANCIAL STABILITY
BN 17:09 *QUADEN SAYS NEED TO AVOID `BRUTAL CORRECTION' IN MARKETS
Coincidentally, monday's WSJ highlighted how Hank Paulson, former head of GS and now US Treasury Secretary, has spent a lot of time on a little known Washington operation called the President's Working Group on Financial Markets.
Random events or a forewarning sent through global channels before tomorrow’s critical GDP print? D

Posted @ 2:28 PM |
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