GDP was 'better than expected' this morning, coming in at 4.0% growth.
Well, it was not better than expected if you read my forecast about what they would do with it and the revisions.
They even improved the fourth revision of that anomalous one-off please ignore it Q1 to only -2.1% vs. a -2.9% decline. Progress!
The tech bulls are riding high, laughing it up on bubblevision.
It's a new paradigm, don't you know? They are feeding this bubble on swill.
Have a pleasant evening.