Your Monday Morning Dose of Doom & Gloom

Stephen Green | 7:33 AM on July 16, 2012

No link yet — this one is hot off of Twitter — but Goldman Sachs has lowered Q2 GDP growth to just 1.1%, down from 1.3%. Unexpectedly, I’m sure. Previous estimates for Q2 were 1.5% and before that, 2.0%. Today’s revised estimate is because of this:

In the U.S., retail sales dropped 0.5 percent in June, following a 0.2 percent decrease in May, Commerce Department figures showed today in Washington. The decline was worse than the most-pessimistic forecast in a Bloomberg News survey in which the median projection called for 0.2 percent rise. The June decrease was broad-based, including car dealers, department stores and gasoline stations.

But let’s please talk about Mitt Romney’s tax returns some more this week.

Steve launched VodkaPundit on a well-planned whim in 2002, and has been with PJ Media since its launch in 2005. He served as one of the hosts of PJTV, a pioneer in internet broadcasting. He also cohosts "Right Angle" with Bill Whittle and Scott Ott at BillWhittle.com. He lives with his wife and sons in the wooded hills of Monument, Colorado, where he enjoys the occasional adult beverage.

Category: VODKAPUNDIT