Friday, July 30, 2010

GDP NEWS

Many were calling for 2.7 to 3.5 GDP, BUT from a revised 3.7% the report came in at 2.4%

To listen to CNBC much time being spent dismissing the miss and excuse making....all kinds of past revisions going back to 2008 were lowered, what good are these reports with such wild revisions always going on?

What are people saying and experiencing, what are your friends, relatives and collegues saying?

Now none of our opinions matter, the market will do the talking. But it sure appears after all the TRILLIONS of stimulus have worked through the system....that there is a slowing....witha FAT FED balance sheet, funds rate at 0%, GOV deficits soaring...what now?

D

No comments: