Thursday, May 26, 2011

It's The Economy Stupid

GDP 1.8%, unchanged from the prior period, under consensus estimate of 2.2%, so that’s kind of disappointing
Personal Consumption 2.2%, down from the prior period, and way under the consensus estimate of 2.8%, so that’s kind of disappointing
Initial Jobless Claims 424K, up from the prior period, and greater than the consensus estimate of 404K, so that’s kind of disappointing


Okay so let’s put some lipstick on this pig and call these numbers “soft”.

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