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IDS World Markets Fri 30th October 09


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GDP report was very strong. In fact it was so strong that it cannot be better. In fact, as in cannot be better, the 4th quarter GDP report will be much worse.

 

 

The problem with depression is that when you apply stimulus you get growth. Then the economy starts to flatten again. To get the growth again you need to increase the stimulus, and then you get the growth again. At one point you realize that you cannot issue new treasuries at that speed anymore.

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GDP report was very strong. In fact it was so strong that it cannot be better. In fact, as in cannot be better, the 4th quarter GDP report will be much worse.

 

GDP +3.5%

 

Motor Vehicles contribution: 1.66%

 

Motor Vehicle Output: 157.6%(annualized)

 

Can you say "cash for clunkers"

 

how many 4th quarter auto sales were moved to 3rd quarter by that program?

 

http://econompicdata.blogspot.com/

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