Thursday, April 28, 2016

US 1Q GDP 0.5%; Get Used To It

The US economy - which, according to official sources, grew by a non-robust 0.5% in the first quarter - is just fine... if you believe in stability.

Unfortunately for the the huckster on Wall Street, the liars in Washington, and the genii at the Fed, low or no growth is bad.

Well, screw them. And, get used to it. Simply just don't take any increase in price for anything, especially taxes or other government fees. In fact, smart people should be looking to avoid paying at all.

That's enough for today. Tomorrow will be the same.

Wall Street. Ugh!

S&P 500: 2,075.81, -19.34 (0.92%)
Dow: 17,830.76, -210.79 (1.17%)
NASDAQ: 4,805.29, -57.85 (1.19%)

Crude Oil 45.79 -0.52% Gold 1,268.20 +0.14% EUR/USD 1.1352 -0.01% 10-Yr Bond 1.84 -1.18% Corn 390.50 +1.49% Copper 2.23 -0.25% Silver 17.64 +0.30% Natural Gas 2.06 -0.91% Russell 2000 1,140.40 -1.19% VIX 15.22 +10.53% BATS 1000 20,677.17 0.00% GBP/USD 1.4608 +0.03% USD/JPY 108.1815 +0.08%

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