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GNP 5.5 percent annualized growth tomorrow
Senator Bill Nelson was on Shepherd Smith's show on Fox news just now talking about the state of the union and let slip the gnp numbers were going to be "really good" tomorrow. Shep was like go on..... and after an uncomfortable silence said 5.5 percent. Then he adde "i predict". As Nathan says: riggght.
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I think it's because inventories are stripped bare, and they count the Investment industry/GS output of derivatives as part of our "output". It will be interesting to see nate take it apart. I was just interested to see a Senator indicate that he had seen the number before it was released.
I'm sure they'll pump out the best possible number they can possibly fabricate and sell with a straight face. Looks like Greece is circling the toilet bowl, China's on a sleigh ride, and who knows what else is lurking in the bushes. They'll fire off a nice GDP flare, hoping to blind us all to everything else falling apart around us. Just don't stare at the GDP directly for more than a few seconds as you might go blind and lose your shirt.
Gold production is going down and dollar production is going up... isn't there only one thing that can happen? Gold is money.
Just don't stare at the GDP directly for more than a few seconds as you might go blind and lose your shirt.
Farmer you crack me up
"Even if we are occupied with important things and even if we attain honor or fall into misfortune, still let us remember how good it once was here, when we were all together, united by a good and kind feeling which made us perhaps better than we are." - Fyodor Dostovevsky
Economy Grows 5.7 Percent as Recovery Looks for Traction
http://www.cnbc.com/id/35141739
Up..up.. And away LOL.
LoL
idoctor I was just about to post that. 
"Even if we are occupied with important things and even if we attain honor or fall into misfortune, still let us remember how good it once was here, when we were all together, united by a good and kind feeling which made us perhaps better than we are." - Fyodor Dostovevsky
Something doesn't smell right today with the (spin) #s that came out this market ought to be up 250 points but the NASDAQ just went negative??
Something doesn't smell right today with the (spin) #s that came out this market ought to be up 250 points but the NASDAQ just went negative??
Well, the $ is up a bit today. But yeah, the Dow is also giving back its early gains...
(I should really be focusing on finishing up the biz taxes thang...)
"Show some !@#$%^ ADAPTABILITY!!" -- Sergeant Jack Shaftoe, USMC ("Cryptonomicon")
"It's all goin' *down*, man! Martha Stewart's polishing the brass on the Titanic!" -- Tyler Durden
"Have the courage to use your own understanding!' -- Immanuel Kant
"Dreams are the seedbed of the possible." -- William Greider
"One day you finally knew what you had to do, and began, though the voices around you kept shouting their bad advice." -- Mary Oliver
Anyone else get the feeling things are unwinding a little faster than expected?
"Even if we are occupied with important things and even if we attain honor or fall into misfortune, still let us remember how good it once was here, when we were all together, united by a good and kind feeling which made us perhaps better than we are." - Fyodor Dostovevsky
sheesh
But you know they will come back with a revision a month later and say new data has it at a 'surprisingly' and 'unexpected' 4.2%.
"Even if we are occupied with important things and even if we attain honor or fall into misfortune, still let us remember how good it once was here, when we were all together, united by a good and kind feeling which made us perhaps better than we are." - Fyodor Dostovevsky