released this morning . . . .
U.S. 1st quarter GDP was revised lower to -2.9%, well below trade average estimate of -1.7%.
Stock markets at record highs and the American economy is in-contraction with ongoing finger-pointing of bad winter weather . . . the culprit.
IMO, this is new economic math sponsored entirely by the U.S. Fed.
Market reaction may be interesting today
U.S. 1st quarter GDP was revised lower to -2.9%, well below trade average estimate of -1.7%.
Stock markets at record highs and the American economy is in-contraction with ongoing finger-pointing of bad winter weather . . . the culprit.
IMO, this is new economic math sponsored entirely by the U.S. Fed.
Market reaction may be interesting today