Posts Tagged ‘Ken Langone’

Notes From Underground: GDP reports of the North-U.S. and Canada

October 28, 2010

Friday morning we will get the third-quarter GDP reports from the U.S. and Canada, both coming out at 7:30 a.m. CST. The U.S. is looking for growth of 2.1 percent and it will give us a good look to see if there was enough growth to support the equity rally and corporate profit picture we have seen this quarter. A bigger number may give the FED the cover to proceed down a less robust QE path and push out a liquidity addition on a glide path that was proposed by ST.LOUIS FED President James Bullard.

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