merrill lynch does and seeks to do business with companies covered in its research reports as a result investors should be aware that the firm may have conflict of interest could affect objectivity this report consider only single factor making their investment decision refer important disclosures on page 28 10567458 market economist weekly guidebook for global investor 2007 forecast addendum we are further downgrading our gdp 1 7 from 9 remaining well below consensus call 2 5 main reason increased pessimism is housing downturn appears more severe then had initially thought starts dropped october now stand nearly 30 year ago levels moreover build up unsold inventories shows no signs abating total running at over suggesting not yet hit bottom q&a session david autumn marketing schedule which took us across usa europe about come an end sure everyone was agreement controversial views out
