Tomorrow's GDP may be one of the more important economic releases in quite some time in my view. The baked in the cake positive growth percentage seems like a 100% lock. I hate these 100% locks as it seems they often call for a surprise.
Great Britain just came out with a negative quarter which threw the markets for a loop. The US and GB have been closely linked throughout this economic "Great Recession" as bond legend Bill Gross calls it.
The Market expects a 3.2% growth (annualized qtr / qtr) rate of growth. Last qtr saw a decrease of 0.7%. Stay tuned for the number tomorrow. How much did cash for clunkers and the housing $8000 for first time buyers input into this equation? That is a huge question as C F C has already rolled off the books and the 1st time $8k help is scheduled to fall off soon.
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