“Goldman Sachs continues to predict that U.S. GDP will remain positive through 2011, with 1.5% growth in H2 2010 and 1.5% growth for Q1 2011, rising to 3% growth by the year’s end. But that’s pretty much anemic growth, and below consensus.
More interesting might be the impact of the withdrawal of fiscal stimulus on GDP growth for the U.S. economy
The positive impact of said stimulus can be viewed in the first half of this chart, pointing to how it dragged up the U.S. growth rate through some more difficult quarters. But now with its withdrawal, its absence will be felt through 2011, where the pace of growth might have been lifted by its retention.
This could partially explain Goldman’s projection that unemployment is set to rise back to 10% in the middle of 2011.”
Read more: Goldman Sachs [via Zero Hedge & Business Insider]
“The coalition’s plans for the next five years are jaw-dropping in their scope. Any one of them, if achieved, would mark a fundamental transformation in Britain—and one that would set the heart of any true-blue Conservative racing. And each of them is in an area in which Baroness Thatcher failed to effect worthwhile change.”
According to a Sky News Survey the Conservatives are still popular, Clegg – not so:
“Support for the Liberal Democrats has slumped to below 10% and if there was an election tomorrow, the Conservatives would win a majority.”
Read the full story on Wall Street Journal here or alternativly: BBC, The Telegraph and The Guardian here:
“Intrade odds for Republicans to control the House after the elections in November have been trading above 60% for the last six days, and the current closing price is 64.7%.”
HT: Mark J. Perry – follow his graphs and updates on the Intrade Odds here.