Friday, April 27, 2018

Q1 doldrums vanquished

Good gdp report, 2.3%, soon to be revised down a bit as trade balance comes in. 

Good, but more important, the repubs have broken the Q1 doldrums, the cost of adjusting to yearly tax increases under Obama. The repub attitude was, 'nightmare quarter' and I agree, now gone. Closer to default, but these debt levels look like death anyway. 

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