Today's Economic Data Docket - Q2 GDP

Tyler Durden's picture

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Zedge Hero's picture

This week I have an episode on GE and china and the jobs leaving the US and moving to China.

jkruffin's picture

I think we break the record today for the largest single day decline across all the chump stock boards....the ponzi is about to come to reality.

Bob's picture

Per GS, consumer spending is the problem.  Love that generic "consumer" notion.  Perhaps we should focus more upon the fact that the people making most of the money--"Job Creators" in Newspeak--aren't consuming enough imported luxury goods. 

Wait a minute--that wouldn't help GDP at all, would it?

Thank God the finance industry continues to generate weatlh . . . imagine what GDP would be if it were reality-based.

SheepDog-One's picture

The consumers out there just not spending their huge piles of dollars theyre all sitting on! Bastards!

Bob's picture

Sonsabitches wouldn't know sacrifice if it ran them over!  Christ almighty, they don't even have jobs--so don't tell me they don't have time to get out there and do their part: Consume, you Bastards, consume!

Larry Darrell's picture

Don't worry, I'm sure the CONfidence poll will come in with numbers above all expectations in the rainbow filled stratosphere and that will bring retail money rushing in to buy the dip. /sarc


jkruffin's picture

Any other country would have had their debt rating dunked, but the rating agencies once again refuse to downgrade the US debt problem.  They were late in 2008 to downgrade until it was too late.  These agencies need to be dismantled, because they are not doing what they were designed to do, and they certainly are not there for the investor's sake.  We already know the PIIGS are crap, now it is time to tell the world that the US is crap...what are they waiting for?  Seems like a sham conspiracy to me.

They are scam agencies...shut em' down....they are worthless.

Prepared's picture

GDP SPANKING!!!!  Ohhhh that hurts like hell too!!

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