Q1 GDP Prints At 1.8% Misses Consensus OF 2.0%, Plunges From 3.1% In Q4, Initial Claims Surge

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Thu, 04/28/2011 - 08:33 | 1215274 AN0NYM0US
AN0NYM0US's picture

QE ∞

Thu, 04/28/2011 - 08:39 | 1215297 DonnieD
DonnieD's picture

Ben Lightyear is firing up HAL 9000.

Thu, 04/28/2011 - 09:19 | 1215481 anti Oligarchy
anti Oligarchy's picture

CNBC BREAKING 8:31AM Economy Grew 1.8% in 1Q, In-Line with Estimates

Funny how a .2% miss is in-line while a .2% positive has a lot of words like exceeding, blowing out, etc

Good ole MSM

Thu, 04/28/2011 - 09:26 | 1215500 dcb
dcb's picture

I know put it in terms of percent and it is 10%, huge !!!! of course it never gets said that way!!!

Thu, 04/28/2011 - 08:33 | 1215277 Deep
Deep's picture

Rally time

Thu, 04/28/2011 - 08:36 | 1215287 Cash_is_Trash
Cash_is_Trash's picture

Rally time indeed.

All aboard the $52 Express - we're taking out all the stops.

Thu, 04/28/2011 - 08:36 | 1215293 Mike2756
Mike2756's picture

Locked limit up!

Thu, 04/28/2011 - 08:46 | 1215324 Cash_is_Trash
Cash_is_Trash's picture

AGQ, 2X levered silver ETF.

'nough said.

Thu, 04/28/2011 - 08:53 | 1215354 LeBalance
LeBalance's picture

Thanks for shorting, paperboy.

Thu, 04/28/2011 - 08:53 | 1215369 Cash_is_Trash
Cash_is_Trash's picture

Be it as it may, this things a beast.

Thu, 04/28/2011 - 09:01 | 1215392 mspgrandi
mspgrandi's picture

wow... just looked at its chart... imean, i obviously know about silver, but when u actually look at the same chart, 2x leveraged it gives you goosespoon.... 300% up in 3 months

Thu, 04/28/2011 - 09:09 | 1215430 Cash_is_Trash
Cash_is_Trash's picture

Yeah man, I BTFD on Tuesday.

Silver has nowhere to go but up.

This thing's going to Google prices of $600 when silver goes to 60 or 70.

Thu, 04/28/2011 - 08:31 | 1215278 Archimedes
Archimedes's picture

Ha Ha!

Thu, 04/28/2011 - 08:54 | 1215356 Cash_is_Trash
Cash_is_Trash's picture

Near record prices not slowing demand for silver, the iShares Silver Trust (SLV) registers to sell an additional 50M shares, using the proceeds to buy more of the metal. As reference, there are currently 364M shares outstanding, so the offering increases the float by about 14%.

Where the fuck are they going to "buy more of the metal"?

Thu, 04/28/2011 - 09:15 | 1215447 holdbuysell
holdbuysell's picture

HP Inkjet, Silver Edition

Thu, 04/28/2011 - 09:10 | 1215433 SWRichmond
SWRichmond's picture

Indeed.  Now we're deficit-spending 12% of GDP and getting a measely 2% GDP boost for it?  What does that tell ya about the underlying economy?

Thu, 04/28/2011 - 11:09 | 1215959 hedgeless_horseman
hedgeless_horseman's picture

Excellent rhetoric.  I mean that as a compliment.

Thu, 04/28/2011 - 08:32 | 1215280 vincentmulleman
vincentmulleman's picture

Forecasting GDP is a form of mental treatment. It's a useless exercise and even meaningless when GDP is based upon debt creation

Thu, 04/28/2011 - 08:35 | 1215281 johny2
johny2's picture

What is the positive side of this?

Thu, 04/28/2011 - 08:41 | 1215302 Law97
Law97's picture

Justification for more QE. 

Thu, 04/28/2011 - 08:45 | 1215321 johny2
johny2's picture

Ponzi on.

Thu, 04/28/2011 - 08:59 | 1215386 Henry Chinaski
Henry Chinaski's picture

priced in

Thu, 04/28/2011 - 08:35 | 1215283 oogs66
oogs66's picture


Thu, 04/28/2011 - 08:36 | 1215285 101 years and c...
101 years and counting's picture

back to Sept, 2010.  good news is good and bad news means more money printing.


Thu, 04/28/2011 - 08:42 | 1215319 A Man without Q...
A Man without Qualities's picture

QE is only making it worse, as some in the Fed realize.  GDP decline probably driven by rising cost of oil imports, plus rising price deflator.   Businesses worried about margin pressure reluctant to hire, hurting jobs.

Money printing leading to stagflation - it's not about the volume of money you inject in the economy, it's the transmission mechanism that counts....

Thu, 04/28/2011 - 08:55 | 1215378 Chumbadumba
Chumbadumba's picture

There is more money, but fewer people have it! Shitflation!


Thu, 04/28/2011 - 08:36 | 1215286 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Somebody please remove this country from the map. An ugly blight containing a concerntration of all the worst aspects of humanity.

Thu, 04/28/2011 - 08:41 | 1215317 CH1
CH1's picture

No. The government and its central banker co-tyrants suck, but the people here (at least when they're awake) are mainly decent.

Make the distinction!

Thu, 04/28/2011 - 08:47 | 1215328 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

True to a certain extent, but, the government and central bankers can only exist while the docile, apathic, acquiescent people allow it to...

... therefore the the peoples are just as bad as the government/central banking system they allow to exist.

Land of the free, home of the brave, most certainly not. I've got more respect for the Egyptions and Icelandics.

Thu, 04/28/2011 - 09:56 | 1215651 Chump
Chump's picture

No one gives even half a shit who you have respect for.

Tell us, what the fuck are YOU doing about any of the garbage you bemoan?  Oh, that's right, typing a comment on a website.  Good job kid.

Thu, 04/28/2011 - 08:52 | 1215348 johny2
johny2's picture

I really think funkyboy is just trolling. He means to offend, and provoke.

Thu, 04/28/2011 - 09:27 | 1215495 SheepDog-One
SheepDog-One's picture

I agree with him.

Thu, 04/28/2011 - 09:30 | 1215455 TwoShortPlanks
TwoShortPlanks's picture

Be careful the distinction you make! I was blogging during the lead-up to the Gulf War, I met nothing but Pigs online, banging the drum of war.

The only thing that's changed is which head the gun is pointed at....funny how most people become nicer, when forced to look in the mirror.

Thu, 04/28/2011 - 08:36 | 1215292 Cassandra Syndrome
Cassandra Syndrome's picture

Excellent news, I manufacture Printing Presses.....

Thu, 04/28/2011 - 10:55 | 1215877 Dixie Rect
Dixie Rect's picture

Can they print dollars on a two-ply perforated roll?

Thu, 04/28/2011 - 08:54 | 1215295 TomGa
TomGa's picture

Bernanke, in his first or second question, said he expected Q1 GDP to come in less than 2%. Set expectation lower. No real surprises here.  Economy ex ongoing Fed stimulus still in the crapper.

Thu, 04/28/2011 - 08:39 | 1215298 shushup
shushup's picture

Buy the dip. Bad news is meaningless to the markets. Sucks that the markets don't reflect reality. Common sense is also meaningless to trading.

Thu, 04/28/2011 - 08:40 | 1215299 mspgrandi
mspgrandi's picture

welcome to a new World... THe most bearish news will actually make


Oil Rallies as dxy plunge

Shares rally as dxy plunge

Thu, 04/28/2011 - 08:39 | 1215307 oogs66
oogs66's picture

and then european stocks rally because the us market is rallying, then the u.s. rallies more because if european stocks are rallying there is no problem with the PIGS...etc

Thu, 04/28/2011 - 08:40 | 1215300 The Axe
The Axe's picture

No stats matter....dollar down...everything up..

Thu, 04/28/2011 - 08:39 | 1215303 Soul Train
Soul Train's picture

Brilliant analysis, and great coverage/

Compare it to the trash bobble head talking suits on CNBC talking up underwear sales as an indicator for great times to come.



Lord - the Federal media is insane lunacy, deprived of oxygen, and drooling over the goat turds tossed to them.


Thu, 04/28/2011 - 08:50 | 1215341 SoNH80
SoNH80's picture

Exactly! WTF are these idiots smoking?  I'd like some... excerpts from CNBC, or as known in these parts, CNBS

But the pull back in output, which was also the result of harsh winter weather, a widening trade gap as well as weak government spending, will probably be fleeting given a firming labor market.

"We hit a bit of a soft patch in the first quarter, but that should prove temporary because weather was a drag and we got blindsided a bit by a jump in gasoline prices late in the quarter," said Ryan Sweet, a senior economist at Moody's Analytics before the report was released.

Thu, 04/28/2011 - 08:51 | 1215355 SoNH80
SoNH80's picture

Give me a friggin' break.  Higher oil import prices driving higher import $ volumes???? Hello?? Hello?  Anybody home!  Jeezum crow...

A widening trade deficit weighs on GDP growth because it shows more U.S. demand being sated by overseas production.

Nevertheless, strong import growth has been seen as a sign of underlying strength in domestic demand.


Thu, 04/28/2011 - 09:16 | 1215448 Mike2756
Mike2756's picture

Blindsided by higher gasoline prices? Are they watching the dollar at all?

Thu, 04/28/2011 - 11:22 | 1216043 CrashisOptimistic
CrashisOptimistic's picture

The dollar hasn't moved anything at all like gas prices.  Dollar 1.27 euros to 1.48 euros.  Big deal. 15%.

Oil $70 to $113.  That's 60%.

Watching the dollar teaches them nothing.  Watching geology . . . that's another matter.

Thu, 04/28/2011 - 12:31 | 1216482 SoNH80
SoNH80's picture

OPEC is pissed about the debasement of the dollar, that's why they aren't even pretending to expand production (f.e. Venezuela).  Peak oil is out there, but so is the dollar debasement.  They're two sharks in a feeding frenzy, you can't ignore one or the other.

Thu, 04/28/2011 - 08:41 | 1215304 PolishHammer
PolishHammer's picture

What dip?

Thu, 04/28/2011 - 08:42 | 1215308 SDRII
SDRII's picture

Thank goodness for that libya invasion will be huge boost for Q2 GDP! Didnt Bernanke say yesterday defense spending would be light?

Thu, 04/28/2011 - 08:43 | 1215310 overmedicatedun...
overmedicatedundersexed's picture

after years of tarp and QE this is what we get a 1.8 GDP??? stagnant UE..the fed is looking like the walking dead.."somebody has got to go to Jail!" per National Treasure..you bet

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