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1st Quarter GDP revised downward--again.

Thread starter Ahlevah
Start date Aug 2, 2013

Ahlevah

DP Veteran

Aug 2, 2013

The original estimate of Q1 GDP came in at 2.4%. Then it was revised down to 1.8%. Then it was revised down again to 1.1%. Q2 is estimated to come in at 1.7%, which was higher than expected so the markets celebrated. Never thought I'd see the day. Bonds are getting crushed, but I'm not selling. I'm starting to think the tapering talk will be just that--talk.

Second Quarter GDP Beats Expectations At 1.7%, Bernanke Still Set To Taper This Year - Forbes

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