So what was wrong with GDP?

Quote from Trvlwanderer:

Depends on where you are looking. We are fucked in MANY areas. You must not see those areas.

Well, with your news sources, that is understandable.

Keep the rosie colored glasses on, all is well!

:cool:
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I almost agree with what you said but the I believe we are in gray situation right now. Nothing is totally black or white now. If market rallies a lot, I sell and if market drops, I buy.
 
Quote from Martinghoul:

Bad things:
1) Revisions to previous qtrs (apart from Q1-2010) are all negative
2) Personal savings rate up a lot (6.2%, I think)
3) Personal consumption up a lot less than expected
4) Huge contribution from increase in inventories (1.1%)
5) Net exports highly negative contribution, due to a massive rise in imports (28.8%) that completely overwhelmed the rise in exports (10.3%)


Good things:
1) Gross private investment rose a lot
2) Residential investment rose, which is a big positive surprise, given the state of the the housing mkt
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Yeah, good, old US of A likes to export more USD than to import. Nothing new here. This puts more pressure on yuan and when will finally this oil import bill be tackled ?
 
The important thing is, is GDP better than expected? GDP expected is 2.5, actual is 2.4. A 0.1 difference is not significant.

What is significant is the Chicago PMI which was a positive surprise.

Surprises move markets - theoretically.
 
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