Stone: Economic Recovery Is Now On ...
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  Stone: Economic Recovery Is Now On Shakier Ground

Play Stone: Economic Recovery Is Now On Shakier Ground Stone: Economic Recovery Is Now On Shakier Ground

Bill Stone, chief investment strategist at PNC Wealth Management tells Andrew O'Day investors are nervous because today's employment report can further erode consumer confidence, consumer spending, and ultimately economic recovery itself. "The key is whether demand continues, and of course that's always the concern when you see these job numbers." He adds "if you don't have a job, it's hard to actually go out and buy anything." Stone says this report suggests the second quarter may have been even weaker than first believed. "We have an estimate of down about two and a half percent for GDP. We might see that edge up to three percent."


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