http://calculatedrisk.blogspot.com/2005/12/gdp-growth-with-and-without-mortgage.html
Take out MEW (shown above in chart) you gotta see the picture I see. GDP 1.1 as Gov shown, at that manipulated.
First time negative savings since Great Depression, earnings not keeping up with inflation, int rates rising, corporations NOT investing but buying shares back inflating earnings, EARNINGS WARNINGS and MISSES not on the rise.
To this backdrop we have historic bullishness.
We have ingredients that son't guarantee accident but that set the stage for one. 41 months long cyclical bull, generals fading, market rise held by mid cap and small cap issues.
Productivity went NEGATIVE.
30 yr bonds to be reissued will supply cause sharp rise in rates?
D
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