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Atlanta Fed 2 - 0 Wall Street Optimists: Q2 GDP Expectations Crash
Who could have predicted this? Wall Street's consensus crowd of perennial optimists have taken the machete out to Q2 GDP growth expectations (just as they had to when Q1 showed them all for the worse weather forecasters ever). The tumble in Q2 expectations brings Wall Street once again, closer to where The Atlanta Fed's GDPNow model forecast is... a mere 0.7% growth... and drags total 2015 growth well below trend.
Atlanta Fed wins in Q1...
And Wall Street Consensus looks like it is losing once again...
This has dragged 2015 expectations down to just 2.5% GDP growth overall...
It appears Keynesian hockeysticks are as real as unicorns.
h/t @Not_Jim_Cramer
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Bet against Wall Street at your own risk ... these are the smartest guys in the room ... who knows what they have up their sleeves?
If you had control of the printing press or were intimate with those who do you can appear pretty smart yourself
Don't bet on the FED being able to print their way out. I figure the bond markets starts panicking late July into August and we're looking at $30-50 trillion as just the ante and when you add in derivatives the shit river will be wide, deep and fast.....
Collusion is not the same as intelligence
The result is the same, so who cares?
I was disagreeing with Arius. that's all
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... www.jobs-review.com
shocking...falling #'s of consumers with too much debt and too little income and they buy less???
http://econimica.blogspot.com/2015/05/the-truth-of-great-financial-crisisand.html
Something about a Ponzi going on until it no longer has an adequate supply of new "investors" to maintain the scheme...in 2008 the "supply of 25-54yr old new population (aka investors)" went negative...and next year the 25-64yr/old new supply will cease and go negative...that is why the economies of the US, EU, Japan, etc. are unraveling and set to, shockingly to the Fed and Wall St., get much worse.
OT/ BREAKING NEWS on Greece :
http://uk.businessinsider.com/report-the-european-commission-just-offere...
suprise ... these guys never cease to suprise me ... but what do i know?
Since this is officially an OT thread...
Official all time record sea ice formation and thickness in the antarctic (that's the place with 5X the ice coverage and impact of the arctic but the MSM never covers) is causing scientists to consider moving their research bases. Ice breaking ships cannot get in anymore and all supplies are now being airlifted in by helicopter. Put that in your Global Warming pipe and smoke it...
http://www.theaustralian.com.au/national-affairs/climate/australian-anta...
Plus there was snow today in North Dakota some parts of Minnesota and southern Manitoba... (glad I'm not seeding 4,000 acres this year)
http://bringmethenews.com/2015/05/18/yep-thats-snow-chill-makes-you-chec...
And finally check out the picture of Hadrian's wall at Ben Nevis in Scotland taken a mere 6 days ago... STUNNING...
http://www.mountainmotion.co.uk/files/2814/3100/6343/4.5.15a.jpg
Zero, if God himself/herself descecnded from heaven and told the entire world that Global Warming was not real, the eco-libs would still be passing laws to prevent it from happening. It was never about the environment any more than the Fed's policies were ever about the economy. It's a control game, pure and simple.
And like all games you eventually get 1 winner and everyone else loses.
A giant planetary game of Monopoly that began hundreds of years ago.
DO NOT pass GO... DO NOT collect $200...
More OT news :
http://uk.businessinsider.com/bill-gates-debunks-the-right-wing-idea-tha...
Even Bill Gates is leaving the Libertarian type bandwagon.
Not surprising to TRUE libertarians, after all he is a friend of Buffet Warren.
But a sign of the times.
But oddly his money remains securely offshore...
"With all the talk about inversions and America’s Burger King Going Canadian, it’s easy to ignore even more prevalent tax savings by numerous American companies. Take Microsoft, which admits in its 2014 SEC filing that it avoids $30 billion in U.S. taxes. The trick? Keep about triple that amount, $93 billion in Microsoft’s case, outside the U.S., says The International Business Times."
Just as all politics are local.... all interests are self interests.
To expect anything different would be folly No?
add an "r" here and there and you will be surprised!
Speling Nazi! ; )
Unicorns don't play hockey, just polo.
Well then, that explains the rally...
Gotta panic buy stawks now, cuz look at all that room for upward revisions! That's Joey 'The Balogna' Lavorgna's theory anyway.
So much for inflation expectations.
Right, becasuse the real cost of living just keeps going down...
good luck to all the retired/disabled out there.
I'm sure both are wrong and far too high.
But but but that rate hike later will make the pig look good.
Here's a thought: I wonder if the U.S. economy is actually doing OK after all this time (you can only keep American workers down with taxes and fees for so long before they decide to not participate in economic malaise). The power brokers know this, and know that if the true state of the economy is exposed, the giant Obama/Fed bubble will be burst before they're able to cash in their chips.
Then, as we close into the 2016 election, just remove the vail. Golden parachutes deloyed. Banks are bailed out by TARP 3.0 and brokered by an "emergency" meeting between candidate Clinton and Lame Duck Obama in October 2016, and the cycle begins again.
Just sayin...
Sure, no matter how bad things actually get, all the power brokers need to do is declare an emergency meeting or 2 and say everything is fine.
Pelosi just crayoned an op-ed piece on how more EBT will solve this, truly riveting: batshitcrazy.com/queenofkookoo
Bullish
The stock markets are on the verge of collapse as indicated by the Dow Jones industrials...
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...