Now wait a minute

• GDP ‘stomped’ estimates, but some factors appear unsustainable, economists say
• Economy grows 3.2% in first quarter, GDP shows, in report showing strength as well as short-term boosts
• Americans are spending less even as incomes are growing — why’s that?

So all this 3.2% is subject to a revision coming up. How do they know? Because they know the bean counters got a price error at the moment, and bean counters be clearing the boards soon.  

I hate to have an opinion here, as my odds of being incorrect exceed the alternative.  Politely tend positive,  avoid ridicule later. 

We are on the edge of uncertainty. All the paths are well watched and hedged, and we are judged by unknown swans, a white noise no arbitrage, exogenous condition.