Consumers Lose Confidence, as Do Once-Hopeful Economists

What a difference a month — and a brewing financial crisis — makes. In early July, Moody’s economist Mark Zandi told The Daily Ticker the U.S. economy was poised to "reaccelerate," predicting GDP growth close to 3% growth in the third quarter and approaching 4% in the fourth. On Friday, Zandi lowered his forecast for [...]