June 12, 2011, 9:52 a.m. EDT
Economic data may be as grim as bad summer movie
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — The economic indicators to be released next week are expected to amount to a bad summer movie that even economists don’t really want to watch.
The plot for the May data is already well known — high gasoline prices and the shortage of autos and auto parts from Japan conspired to drag the recovery down close to stall speed.
“In a sense, the May data will be confirming the softness people have already built in from the weak May jobs report so the indicators won’t be new news,” said Nigel Gault, chief U.S. economist at IHS Global Insight.
Full story: http://www.marketwatch.com/story/economic-data-may-be-as-grim-as-bad-summer-movie-2011-06-12

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months