GDP OPINION and MORE

http://safehaven.com/article-4028.htm GDP analysis

http://research.stlouisfed.org/publications/usfd/page3.pdf Rise to adj monetary base after steep slide

Prudent Bear's Doug Noland Credit Bubble Report from buble link:
Broad money supply (M3) surged $40.6 billion (week of October 17). Over the past 22 weeks, M3 has surged $442.6 billion, or 10.9% annualized. **(THAT IS CRISIS PUMPING MY FRIENDS)

We continue to exist in an environment of economic uncertainty, our economy dependant mostly on consumer and gov spending, NOT investment. Wage growth still mostly non existant. Lifestyles maintained through borrowing.

However, housing prices have topped or are very near to doing so, this will not allow such rampant cashouts from rising valuations to stimulate economy as before.

HEAVY debt loads, and higher costs are pressuring consumers, already RETAILERS are running heavy discount sales to beat the xmas rush, one of the earliest pushes I can remember.

The gov is being pressured to CUT spending to help pay for Katrina expenses and war related spending.

Knowing that, the wonderful HYPED 3.8 GDP of Friday was mostly because of consumer and gov spending, you dont freakin' say?!

SAVINGS near or below ZERO, so you knwo where the spending is coming from....piling on more debt just when stricter bankruptcy laws and higher minimum credit card payments are enacted.

As I said yesterday, it was my opinion that IF GDP was so peachy why didn't market rally on that by 11 AM???? A break of opening level could have led to a rush to 10K IMHO as interest rates are RESISTING any fall, higher than expected GDP numbers do not support falling rates.

As jiggy as it looked we had new lows outpacing highs on the NAZ and NYSE.

ONLY SCOOTER nabbed? no Chenney, No Rove....yet? there is your basis for the rally IMHO, I see nothing else. The shame is if these traitor cronies get off.

D