Thanks to the “pulling forward” of future production in the channel-stuffing-based inventory build of Q3, consensus estimates for the growth of the US GDP in Q4 2013 has collapsed to new lows for this cycle at a mere 1.5%. However, the “escape-velocity” recovery remains just around the corner as estimates for Q1 and Q2 2014 remain unimpacted by such nuance as reality…
Consensus GDP hits new lows for Q4 2013 – but 2014 will be just fine…
…just like 2013 was supposed to be in 2012…AND 2011… AND 2010…
Chart: Bloomberg and Deutsche Bank
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Cs8mQUqfquI/story01.htm Tyler Durden