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