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ftse just smashd supports...man, what a mess.
Swing and a miss!
'TIS BUT A SCRATCH
We keep hearing that quite often now.
The Recoveryless Recovery™
Who was it that said "We're in a depression, damn it!" on live television? He was like a huge name apparently.
That shit was awesome.
The idiots behind Rick Santelli pre cheering the number was delightful viewing.
He/They is/are the only reason to watch cnbc...I was also pre cheering, that big red bar was delightful
i couldn't figure out what that was about. i heard chearing or whatever, then santelli started talking about how bad things were.........oh well...........
Well, someone will tout this as great news, as QE3 is now much more likely.
USD/JPY is an absolute rollercoaster atm. 77.36.
Is this this going to be one of those low volume algo pumped days??? Just wondering.
No QE3 until the SPX dips another 20%......today could be a 2% headstart.
Jim Cramer on now
buy! buy! buy!
But Chevron beat by 9%! That's good right?
Cue the Price is Right "YOU LOOSE" song.
Bum bump ba baaaah.. Waaaaaaaaah!
please...have your pets spayed or neutered...
Why...they will become a good food source..ask the Asians...
Was wondering why i was getting junked...
But it works either way..... I planned it... :)
"Cue the Price is Right "YOU LOOSE" song."
Funny, but it's lose, not loose. Loose means coming apart.
Time for a spin job. Transitory... QE3 to save the day!
And watch the deficit / debt target discussion turn into the bipartisan stimulus bill.
CNN trying to spin it with this as the Breaking News headline on CNN.com:
U.S. economy grew at 1.3% annual rate in second quarter, up from a revised 0.4% rate in previous quarter.
What a fucking joke.
Still, you must admit, it sounds much better this way.
Except QE3 will do nothing to help GDP, unemployment, or consumer spending. Those horrible numbers were created right in the middle of QE2.
Casey has struck out.
Egads! There's a serial junker amongst us that hates us for our reality!
its the bernank
flash crash on the ftse...tight, dow i aint missing this. puts on
It's 8:39 AM: Do you know where your PPT is?
I locked them in a closet til we go limit down
Oh shit they escaped
the libor 1 and 3 mos. are creeping higher....
but, but, but doesn't that mean the Q3 rebound will be even that much stronger? :D
Can we all agree that the Fed is full of shit when they say "the economy continued to expand at a moderate pace"? Also, why does the Fed need to do more "easing" to inflate prices if the consumer can't afford these prices?
next will be: "the economy continued to expand at a negative pace"
Recession dead ahead (assuming we left the previous recession)!
Not to worry mein herr..It's the summer of recovery or is that Summers(s) of recovery, I forgot.
We are already in the first stages of a recession. They just didn't revise these numbers yet to show this. 1st quarter GDP revised down form 1.9 to 0.4? Am I interpreting this correctly? What happened to the 1.8, 1.8, 1.9 revisions? Correct me if I am not reading this right.
This is epic
Ben! Get to da Choppa!
that's just funny, i don't care who you are. Arnie would approve.
nice Au pop
green fucking shoots, Thank you FED
...and how much of that is to be 'revised lower' in subsequent months... as if they dont already know the real number
My guess is that Q1 and Q2 are actually reversed (fudged, manipulated...whatever) or that more was taken from Q1 instead of Q2 so they could say 'hey, this means things are actually improving from Q1 to Q2'. If you take most of the reduction in the Q1 number and subtract it from the Q2 number you will be fairly close to reality. So, yes, that means Q2 was actually a contraction.......oooops, sorry, I meant 'negative growth'.
This reminds me of when they revised the unemployment numbers from 9.8% to 8.8% in just 3 months. It's all Bull.
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