Reuters and Bloomberg released several market surveys today.

  • Primary dealers see QE3 lasting until Q1 2014
  • US GDP seen at 1.6% in Q4 vs 1.8% in Oct poll
  • 2012 GDP seen at 2.2% vs 2.1% in Oct
  • 25 of 28 economists see Spain requesting a bailout
  • Economists see a 45% of more Bank of England QE

The downgrade in Q4 US growth might be a bit misleading. It looks like Q3 growth will be revised a full point higher so the change likely reflects changes in the timing of inventory accumulation rather than overall activity.