And For Today's Primetime Event (No, Not Santelli v Liesman): Gary Kaminsky Wipes The Floor With Mark Zandi
What is the only thing better than the neverending Liesman-Santelli Saga (7 minutes into the clip), where Rick is correct once again (check our previous observations on the huge spread between the SA and NSA U-6 number)? First runner up - David Malpass saying "I really think there is an improvement in the economy though you can't see it." But the undisputed winner is Gary Kaminsky telling administration lapdog Mark Zandi (who is trying so hard to be a shoe in for the Tim Jeethner replacement position) he is full of it (3 minutes into the clip). Luckily, a defensive Moody's "strategist" (of the same grating [sic] agency that downgraded Egypt on the Monday after the revolution) has tipped his cards:"here's an intrepid forecast for you, I'll put myself on the line. Next month, because of the weather effect we are going to get a 250k-300k print." Ok Joe Biden. And when you are proven wrong again, as usual, can everyone please relegate your worthless ramblings to the same predictive compost heap as the ADP's irrelevant private payrolls number? And of course, none of this is relevant. The economy will certainly triple dip in April just in time to set the stage for QE 3 (pardon QE 2 Lite).
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