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