Silvia Says GDP `Worst of All Worlds’ for Investors, Fed

July 29 (Bloomberg) — John Silvia, chief economist at Wells Fargo Securities LLC, talks about U.S. second-quarter GDP report released today. Gross domestic product climbed at a 1.3 percent annual rate, following a 0.4 percent gain in the prior quarter that was less than earlier estimated, Commerce Department figures showed. Silvia speaks with Michael McKee from the Rocky Mountain Economic Summit in Jackson Hole, Wyoming on Bloomberg Television’s “In the Loop,” (Source: Bloomberg)