economy Markets

GDP Beats, But Consumption Slows Sharply, Business Investment Falls Third Straight Quarter

As we're fond of putting it: It's good, but not "great". "Again" or otherwise.

As we're fond of putting it: It's good, but not "great". "Again" or otherwise.
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5 comments on “GDP Beats, But Consumption Slows Sharply, Business Investment Falls Third Straight Quarter

  1. Hmmm, GDPNOW just updated 4Q19 to 1.7%. Might we expect a low key, barely noticed revision to this 2.1% number in the not too distant future. Not that the Trump administration would lie to us or anything like that.

    • I found it interesting that yesterday they revised last week’s jobless claims up from 211K to 223K, so they could post a decline this week to 216K… Less jobless claims (headline) = great. Hmm. Maybe next week they revise this 216K to 230K so they can post to 225K? Hmm x2.

      • This comments section needs an edit ability. Reposting corrected.

        I found it interesting that yesterday they revised last week’s jobless claims up from 211K to 223K, so they could post a -7K decline this week to 216K… Less jobless claims (headline) = great. Hmm. Maybe next week they revise this 216K to 230K so they can post -5K to 225K? Hmm x2.

  2. I think what we are seeing is a lot of noise signifying nothing…. Everyone is in a whipsaw …guess mode (include Charlie here) and you can see it even here with Our respected leader H…. as he indulges in a food fight with his Pet Trolls on the SA site…. We all know it is not effort effective and for sure you never ever get the last word…..Some objective opinions on highly subjective matters ( could be a redundant concept ) , in other words guesses to where does this all end would be kinda fun ….. On the lighter side we all get to match our backgrounds and skills on the highly ambiguous data and events of the day….

  3. Q4 cons spending will be revised up to possibly mid 2s. Still not a great qtr though.

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