U.S. 1st Quarter GDP . . . .

[errolanderson]

U.S. 1st quarter GDP . . . drumroll please . . . 0.7%

CNBC article below describes the story. Consumer spending is sliding, only 0.3%.
And this data may be adjusted lower yet over the next month.
Atlanta Fed GDP projection was 0.2%.


http://www.cnbc.com/2017/04/28/first-estimate-of-2017-q1-gdp.html

[sumdumguy]

Wow, now that's an economic boom! LOL

[errolanderson]

Now stir in a dysfunctional U.S. Federal Reserve . . . .
Yellen rate hikes come at a time the U.S. economy is contracting.

[farmaholic]

....it isn't zero or negative, but not far from it.

[dmlfarmer]

And Trump was worried about his first 100 days accomplishments.

[farming101]

Not bad, not bad at all

In the 2010 flood year spending on our farm decreased by 52%. Now that was a shock to the system

[macdon02]

Imo money is safer in US then Canada or Europe. Might as well buy gold instead of yen. US is the best looking girl at the leper colony

[errolanderson]

Home Capital Group collapse this week may be Canada's version of 'The Big Short" . . . .

[fjlip]

Imo money is safer in US then Canada or Europe. Might as well buy gold instead of yen. US is the best looking girl at the leper colony

LOL, all investors agree with you, best of a crappy lot!

[tweety]

Errol, do you think HOOPP will lose their shirt on the 2 billion credit loan to Home?

[errolanderson]

Errol, do you think HOOPP will lose their shirt on the 2 billion credit loan to Home?

tweety . . . Toronto real estate bubble has to keep afloat for this economic math to hold together.

Personally, struggle with pension fund decisions . . . these missteps have bankrupt several massive U.S. pension funds including Dallas police force, Chicago public service, South Carolina and the list is now rapidly expanding.

Pension fund hell is the next threat to markets outside of North Korea . . . .