US Q3 GDP Forecast Falls To 3% From 3.5% On Decline In Equipment Investment (CMBS Office Delinquency Hits All-time High!)
by confoundedinterest17 US Q3 GDP fell slightly in Atlanta Fed’s GDPNow latest revision to 3.0% from 3.5% last week. The source of the decline in GDP? Equipment investment fell to 8.9. From 11.7. Hard to sustain high levels of equipment investment. On a related note, office CMBS just hit all-time …