- advertisements -
SMRA stands almost completely alone in the 'value added research' category (interestingly, they released an analysis eerily similar to one that had been previously reported on ZH the other day)
1.8%, well, it was positive at least.
A bit optimistic? More like the judge in My Cousin Vinny asking that age old question:
"Are you on drugs?"
Man this miss and the financial compenent just rings true what ZH and many of us have been saying: Without cash flow eventually profits begin to dry up. Guess what? The lack of cash flow is finally starting to hit the top and bottom lines and the games are almost up. There's a liquidity crisis coming and when it hits this time, the Fed will once again be too slow to react and cause another "recession."
Cash flow is a fact. Profit is an opinion.
...and channel stuffing is an illusion.
These financial sell side prognosticators are like a guy on coke at a party that always has to keep talking, even if it's out their ass. Just fill the silence with something that hopefully distracts people.
Dump stocks and the EurUSD
Buy US treasuries
About that bar chart above...what am I missing?
All of the components are < 1.8% but they average to 1.8%???
it's like the math question
add them all up including the negative ones
Tasteful reply, Henry.
I was expecting a sarcastic retort from one of the "fight club crowd".
A simple polite accurate reply?
Very Refreshing and very Classy.
This whole group we're beholden to don't know their collective gluteus maximus from wild honey. I think their most private inter sanctum must be a dart room.
What you are missing is evidently eyes and a brain. The chart shows contributions to GD growth by sector. The bars therefore sum to 1.8% (rounding might affect this by 0.1pp).
Do you really find being an asshole that enjoyable? Don't like the question - don't respond.
PIIGS banks up again today.
Let's rock and roll on the long side......
The PCE was impacted by the late Easter season this year. We may see an added boost in the 2Q11 GDP data.
I wonder what GDP will be when we see the "conflagration in the bond markets" that David Stockman expects? What will happen to GDP when the "viscious sell-off" occurs? What will it look like when all entitlements come to a sudden and crashing end because our debt crushes us like a soda can?
We can not defy the laws of sound economics forever. Those laws are going to demand a pound of flesh -- soon!
New highs for Tiffany, Coach, and Family Dollar.
Retail continues to price in a consumer spending boom of unparalleled proportions.
Tiffany & Coach up because their customer base is doing just great, thank you very much.
Family dollar up because their customer base is expanding dramatically.
Mid-range retail will be crushed, along with the middle class.
Household brand Heinz has decided to expand its souplines..... err breadlines......err.....i meant food stamp recipients as it plans to reduce its workforce by thousand and close five factories worldwide.Majority of the cuts will be in the U.K.
In other words,its all bean due to the increase in money souply.....Damn you stagflation....damn you.
And how is this supposed to increase growth or employment? To me this sounds like a move that would inflate corporate profits and have few effects.
Roach Motel [SPY] is losing that $132.05 mark where Tuesday's action indicated algorithmic short selling spotted by mynhair.
Do not underestimate the importance of that mark, as it will green light wholesale dumping of stocks, especially those brain dead, balloon, momentum stocks. And at that point, the S&P will give up the ghost on that 100 day sma in short order...and then will come the Screaming and Plunging phase of market action needed to justify QE infinity.
This is the wasteland that Ben "I got your free money" Bernanke has made for you and for me.
what would be next support?
radioactive stagflation = BiChFlation
and the scene in japan = extremely serious: Japan Wind Map
the costs of nuclear science and energy are skyrocketing higher, faster, than the econometric models yet allow.
GDP= gross declining product? Maybe they should just label it PDGDP as in perpetually declining gross domestic product...
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.