Thursday, August 28, 2008

Wrong Again

The futures are popping as 2nd quarter U.S. GDP was revised up from 1.7 - 1.9% not sure of the discrepancy there) to 3.3%. This economy is stubborn, mostly self-correcting and generally user-friendly.

This should bode well for the dollar and retailers all other things being equal.

The inability of the powers that be to accurately measure economic statistics should surprise no one.

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