PolifrogBlog

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Friday, July 29, 2011

Our Unhealthy Government Dependent Market ...

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CNBC:
First-quarter output was sharply revised down to a 0.4 percent pace from 1.9 percent.
Why do we believe the Commerce Department?
How can they be off by 1.5%?
Placebo numbers harm confidence.

Recall that Q2 came in at 1.3%.
How well will that reading hold considering Q1 was off by 1.5%?
Negative growth?

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And the Boehner bill fails it's vote last night, the market falls; the Boehner bill is amended and is scheduled for new vote and the market ... jumps.

market

A sick system.

Update:
I had problems posting this and forgot the H/T.
(H/T ZeroHedge for the chart)
Sorry.



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