• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Stone McCarthy On The GDP Print: "The FOMC's Growth Forecast Now Appears A Bit Optimistic"

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 05/26/2011 - 09:22 | 1312779 FOC 1183
FOC 1183's picture

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)

Thu, 05/26/2011 - 09:19 | 1312782 slaughterer
slaughterer's picture

1.8%, well, it was positive at least.

Thu, 05/26/2011 - 09:24 | 1312790 johngaltfla
johngaltfla's picture

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."

Thu, 05/26/2011 - 09:32 | 1312814 Henry Chinaski
Henry Chinaski's picture

Cash flow is a fact. Profit is an opinion.

Thu, 05/26/2011 - 11:44 | 1313317 Rainman
Rainman's picture

...and channel stuffing is an illusion.

Thu, 05/26/2011 - 09:25 | 1312792 BobPaulson
BobPaulson's picture

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.

Thu, 05/26/2011 - 09:27 | 1312802 Dolemite
Dolemite's picture

Dump stocks and the EurUSD

Buy US treasuries


Thu, 05/26/2011 - 09:26 | 1312807 vote_libertaria...
vote_libertarian_party's picture

About that bar chart above...what am I missing?


All of the components are < 1.8% but they average to 1.8%???

Thu, 05/26/2011 - 09:31 | 1312820 Henry Chinaski
Henry Chinaski's picture

it's like the math question

add them all up including the negative ones

Thu, 05/26/2011 - 09:42 | 1312850 firefighter302
firefighter302's picture

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.




Thu, 05/26/2011 - 09:34 | 1312819 Temporalist
Temporalist's picture
HSBC, Goldman Held $335 Million of Libya State Funds, Global Witness Says



UPDATE 2-NY Fed probing Goldman mortgage servicing unit



Thu, 05/26/2011 - 09:31 | 1312824 dbTX
dbTX's picture

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.

Thu, 05/26/2011 - 09:32 | 1312827 ATM
ATM's picture


Thu, 05/26/2011 - 09:34 | 1312832 jsmfr
jsmfr's picture

To vote_libertarian_party:

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).

Thu, 05/26/2011 - 10:01 | 1312909 traderjoe
traderjoe's picture

Do you really find being an asshole that enjoyable? Don't like the question - don't respond.

Thu, 05/26/2011 - 09:40 | 1312842 RobotTrader
RobotTrader's picture

PIIGS banks up again today.

Let's rock and roll on the long side......

Thu, 05/26/2011 - 09:43 | 1312866 Fourth Horseman...
Fourth Horseman of the Apocalypse's picture

The PCE was impacted by the late Easter season this year.  We may see an added boost in the 2Q11 GDP data.  

Thu, 05/26/2011 - 09:50 | 1312883 sbenard
sbenard's picture

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!

Thu, 05/26/2011 - 09:53 | 1312888 RobotTrader
RobotTrader's picture

New highs for Tiffany, Coach, and Family Dollar.

Retail continues to price in a consumer spending boom of unparalleled proportions.

Thu, 05/26/2011 - 10:21 | 1312991 11b40
11b40's picture

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.

Thu, 05/26/2011 - 09:54 | 1312893 sbenard
sbenard's picture
“For the stock market nothing seems to matter until, suddenly, it does.” --Charlie Minter, Comstock Partners In other words, Wall Street has a Pollyanna complex. It will continue to ignore the bad news until it is soooo bad that it no longer can. When that day comes, there will be blood on Wall Street.
Thu, 05/26/2011 - 10:02 | 1312902 Paper CRUSHer
Paper CRUSHer's picture

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.

Thu, 05/26/2011 - 10:02 | 1312921 redarrow
redarrow's picture

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.

Thu, 05/26/2011 - 10:10 | 1312943 Cdad
Cdad's picture

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.


Thu, 05/26/2011 - 10:59 | 1313147 candyman
candyman's picture

what would be next support?

Thu, 05/26/2011 - 10:34 | 1313064 slewie the pi-rat
slewie the pi-rat's picture

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. 

Thu, 05/26/2011 - 11:59 | 1313354 marcusfenix
marcusfenix's picture

GDP= gross declining product? Maybe they should just label it PDGDP as in perpetually declining gross domestic product...

Mon, 05/30/2011 - 20:39 | 1323723 brand shoes
brand shoes's picture
MBT is the first physiological footwear that has a positive effect on the whole body. Many benefits of mbt sneakers are not only substantiated by numerous scientific studies. They are also being enjoyed on a daily basis by more and more health- and fitness-conscious people who improve their physical fitness by merely wearing this physiological footwear.The shoes under the famous mbt brand are welcomed by large amounts of consuemrs. This year, we offer the excellent cheap mbt shoes which are sold well all over the world. The mbt shoes sale along with numerous kinds of styles and colors for you. Follow your heart and choose want you like most. Walking mbt shoes will certainly meet all your requirements and also keep you healthy. If you have any plan to buy a pair of mbt sneakers on sale , here is your best choice on mbt online outle.
Do NOT follow this link or you will be banned from the site!