Posted: 26 Jun 2014 01:46 AM PDT
In
case you managed to miss it, the GDP revision yesterday morning was
stunningly bad.
But after getting rattled, Mr. Market shrugged off the report. So what
if we opened Schrodinger's box and found out the cat was dead? That was
first quarter's cat. That cat might as well be dead for all we care now.
Plus the weather was bad, so we'll make all that up, and anyway, the
Fed has our back, so if there really is something to worry about here,
they'll fix it, as least as far as security-owners are concerned. Right?
In addition to looking at the main elements of the GDP report, we've
asked readers to report on what they see in their economy.http://www.nakedcapitalism.com/2014/06/gdp-hits-air-pocket-recession-warning-false-alarm.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29
Reflections from news and commentary of the day
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