January 31, 201511 yr The initial 4Q came in 2.6 vs. 2.8 to 3.2, 3.0 consensus. US 4Q GDP at 2.6% vs. 3.0% expected. A miss of over 10% on a broad number that will likely get revised in next month. Spending was applauded. But what are people spending on - not gas. How about insurance for medical care.... Thanks Obamacare: This Is What Americans Spent The Most Money On In Q4 | Zero Hedge If people are spending on products then then inventories should be lower. There are not - they are higher.
February 1, 201511 yr Scary when you combine that with the sunshine the administration is spinning on the jobs report.
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