Today, Roubini, “Deutsche Bank is now revising down its U.S. Q4 growth forecast to 0% from its previous 1%:
In light of continued weakness in the economic data, we are cutting our fourth quarter real GDP growth forecast to zero from the +1.0% that we were originally predicting. This is largely due to weakness in durable goods shipments and orders, but also due to weak consumer spending…” which is not gettting the hoped-for boost from falling gasoline prices.