Here's The Latest On The Second Half Slowdown

Now that the 2nd half slowdown is here, it might be worth reviewing some of the arguments for a slowdown:

1) less Federal stimulus spending in the 2nd half of 2010.

The only additional stimulus has been the extension of the qualifying dates for unemployment benefits. Even with this extension, the overall stimulus peaked in Q2 or possibly Q3.

2) the end of the inventory correction.

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