US: Exports, Imports, ‘Everything Weaker Across the Board’; Morgan Stanley Drops GDP Estimate to 1.5%; Expect to Hear the ‘R’ Word Soon

In case you missed it, economists have slowly ratcheted down GDP estimates for the first quarter. Morgan Stanley’s 1st quarter GDP estimate is 1.5% down from 1.9%. Barclays also lowered GDP estimates by a half-point to a range of 1.5% to 2%. 4% GDP estimates went out the window long ago. Please consider U.S. Trade [...] continue reading world news