{"id":19874,"date":"2013-01-11T17:52:06","date_gmt":"2013-01-11T16:52:06","guid":{"rendered":"http:\/\/feedproxy.google.com\/~r\/zerohedge\/feed\/~3\/Kl-uVmEEzLw\/story01.htm"},"modified":"2013-01-11T17:52:06","modified_gmt":"2013-01-11T16:52:06","slug":"us-q4-gdp-from-2-5-to-sub-1-in-under-six-months","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/us-q4-gdp-from-2-5-to-sub-1-in-under-six-months\/","title":{"rendered":"US Q4 GDP: From 2.5% To Sub 1% in Under Six Months"},"content":{"rendered":"<div>\n<p>The previously noted surge in the US trade deficit may or may not be due to the iPhone (which either leads to a rise or fall in GDP, depending on which &#8220;strategist&#8221; is goalseeking their excel model to reality), but the result is clear: Q4 GDP just got slammed. Below is a summary of the Wall Street penguins all of whom had no choice but to revise their Q4 GDPs far lower.<\/p>\n<ul>\n<li>Goldman Sachs: 1.8% to 1.3%<\/li>\n<li>JPM: 1.5% to 0.8%<\/li>\n<li>RBS: 1.5% to 0.7%<\/li>\n<li>Nomura: 2% to 1.3%<\/li>\n<li>Last, and least, Deutche Bank&#8217;s Joe Lavorgna: unchanged at 1.3%<\/li>\n<\/ul>\n<p>Look forward to hope being forced to surge <strong>even more<\/strong> to offset for this cut by nearly 50% ot the consensus Q4 GDP estimate of 1.5% prior to today. And while we wait for Bloomberg to compile today&#8217;s massive downward revision to economic growth, this is how Q4 GDP tracking estimates looked like in the past 6 months before today&#8217;s downward revision which will take the consensus line to 1% or under.<\/p>\n<p><a href=\"http:\/\/redirect.viglink.com\/?key=11fe087258b6fc0532a5ccfc924805c0&#038;u=http%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Fimages%2Fuser5%2Fimageroot%2F2013%2F01%2FQ4%2520GDP.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2013\/01\/Q4%20GDP_0.jpg\" width=\"600\" height=\"394\"\/><\/a><\/p>\n<div class=\"fivestar-static-form-item form-item\"><label>Average:<\/label><\/p>\n<p><span class=\"user-rating\">Your rating: <span>None<\/span><\/span> <span class=\"average-rating\">Average: <span>5<\/span><\/span> <span class=\"total-votes\">(<span>7<\/span> votes)<\/span><\/p>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The previously noted surge in the US trade deficit may or may not be due to the iPhone (which either leads to a rise or fall in GDP, depending on which &#8220;strategist&#8221; is goalseeking their excel model to reality), but the result is clear: Q4 GDP just got&#8230;<\/p>\n","protected":false},"author":1213,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-19874","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/19874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=19874"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/19874\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=19874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=19874"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=19874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}