GDP
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4/12/11 Midnight Report: Macro News Blows, But Will it Swallow the Market’s Momentum?
The market traded down today as earnings season began not with a bang, or a whimper, but with a Kirstie Alley-esque thud as AA missed revenue guesses (and the 6% drop in the stock likely caused some AA investors to fall off the wagon), Japan’s market fell again as the severity of the nuclear disaster…
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2/27/11 Two Day After Report: Will Market Win Best Actor Award for Impersonating a Healthy Economy?
Once again investors came out in full force to buy the fucking dip on Friday after learning that Qaddafi’s men opened fire on protesters in Tripoli in Moammar’s shoot first, shoot later negotiations policy, GDP was revised down to “QE3 is coming,” gold rose to over $1,400 an ounce once again making Flavor Flav’s teeth…
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1/30/11 Two Day After Report: Protests in Egypt Cause Market to Take It in The Sphinxter
Holy(land) shit did the market sell off on Friday as civil (or more exactly, uncivil) unrest overran the streets of Egypt like Ben Bernanke overran the Fed’s printing presses or hepatitis C overran Pam Anderson’s liver. Protesters were apparently frustrated by government corruption, economic stagnation, a lack of political freedom, and Ehsan Hatem El-Kirdany‘s refusal…
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11/23/10 Midnight Report: Fed Minutes Show Only Hours Until Dollars’ Demise as the Economy Will Be The Real Turkey This Thanksgiving
The market is limping in to Thanksgiving like Kenny Easterday with a broken wrist thanks to the European Union being on shakier ground than Gabourey Sidibe on a tight rope, North Korea dropping bombs on South Korea after South Korea’s TSA apparently tried to touch Kim Jong-ils junk, and the Fed releasing the minutes from…
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9/30/10 Midevening Report: Stocks end higher for the Q as HFTs continue to be their pusher
The market was relatively flat today as investors were focused on figuring out how to build rocket ships to reach the newly found Goldilocks planet (where the distance from a star, surface area, and moon position are all just right to make it potentially habitable) to start a new economy as the current one is…
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8/27/10 Midday Report: Economy GDPeed on
The market was up today despite the government lowering their forecast of Q2 GDP to 1.6%, down from the 2.4% they fabricated last month and likely up from the lower number they will make up next month in their “hold the shock and hope for no awe strategy.” Growth in the economy has now…
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7/30/10 Midevening Report: GDP goes down again, claims it likes the taste
The big macro news today was that GDP slowed to 2.4% growth in Q2, that is until it’s revised down next Q to keep up with the administration’s “hold the shock and hope for no awe” strategy. This strategy was further evident in today’s release as GDP from the past 3 fucking years was revised…
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5/27/10 Midafternoon Report: China backs up Euro, causes it to come from behind
The market was up stronger today than a shot of tequila washed down with a hefty glass of grain alcohol or as its known in the Hasselhoff household: “breakfast.” If you haven’t heard, the Chinese are coming and this time it’s not just from looking at Gaile Lok it’s because they are still hella interested…
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4/30/10 Midday Report: Biggest swinging dick on the Street may land in aptly named penal colony as criminal investigation launches on Goldman
The markets are down today due to mostly inline GDP, more shenanigans in Greece, further investigation in to Goldman Sachs, and gravity. GDP for Q1 was released and the economy expanded by 3.2% thanks to consumer spending which was up 3.6% and interestingly enough coincided with the release of KFC’s Double Down thereby spiking sales…
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3/26/10 Midday Report: GDP revised down, Market revised up
The market is up again today and as far as Money McBags can tell the main reason is that it is open. There was a flurry of economic data released today, all of it inline, further signalling the stagnation of the recovery from a potential V-shape to a Bea Arthur-esque flatline (which is of course…