June 1

GDP QUESTIONS

GDP QUESTIONS GDP is the big question after continued mixed signals from the economy. The April jobs data was very strong, but was not overwhelming and was followed by several weak economic reports. The ADP jobs data comes out this week and the official May jobs report is due Friday. The ECB meets Thursday and.

May 1

GDP FLAT-LINES IN THE FIRST QUARTER

Yesterday, 2014 First Quarter US GDP came in at 0.1%. Nurse! NURSE!! No matter how you look at it, that was horrible and shows the “recovery” is so weak it cannot take a few months of cold weather in less than half the country. The FED announcement was also yesterday. They continued the taper and.

April 1

REBEL YELLEN

At the last FOMC Meeting, the FED announced they were removing the hard unemployment rate target and would be using other data along with the unemployment rate to guide interest rate policy. While this makes a lot of sense, the market did not like it one bit and rates jumped. The change had to happen.