A gray Friday here in the northeast just got a bit grayer as the last look at Q2 GDP was revised 0.5% lower to 2.8%. Q3 GDP is expected to weaken, so this looks like shades of things to come.
The buck is not paying too much attention, more focused on the goings on in Congress and the freeze-up of the credit market.
Elsewhere on the wires, Spanish finance minister Solbes says this is the worst economic environment in decades. No surprise there…
