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Saturday, October 04, 2008

GROSS DOMESTIC PRODUCT, GDP, THE NAIL IN THE COFFIN, by VFRTXN


What is GDP, Gross Domestic Product exactly?
http://en.wikipedia.org/wiki/Gross_domestic_product
When the GDP is next reported it will be the nail in the coffin. It will be one of the leading indicators that a powerful slow down is in progress. Yes there are many other factors that effect the market. I am saying this is the one figure of data that will send the market's to their next leg down. It will be a hard blow to an already weak market.
Up to this point the GDP figures have remained strong for one reason. The demand in exports caused by a weak dollar. That cycle may be ending as hard data is revealed.
V.

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