And US futures are up 100 points because of a BOJ...

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grandcaruso

2,317 Posts.

30/01/16

01:28

Post #: 16901687
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Originally posted by wombat53 ↑

"Peddling Fiction" - US Economy Grew A Paltry 0.69% In The Fourth Quarter, Missing Expectations

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And so the final quarter of 2015 is in the history books and we can officially accuse the US Bureau of Economic Analysis of "peddling fiction" about the US recovery, because at a growth rate of 0.69%, the annualized rate of economic growth was the lowest since the first quarter of 2015 when it grew an almost identical 0.64% which was blamed on the harsh weather. This time however, there is no easy scapegoat.
The breakdown was as follows:

Fixed Investments, that residual from the oil collapse, tumbled although at 0.03% annualized it was still a contributor to growth. Expect this to change

Inventories, as expected, subtracted -0.45% from GDP. This was less than many had expected suggesting there will be more inventory liquidation in Q1

The government contributed 0.12% to Q4 GDP

Net Trade, as was to be expected in a world in which global trade is slowing drastically, subtracted another 0.47% from the annualized report

The only silver lining was Personal Consumption, which rose 2.20%, above the 1.8% expected, and contribted 1.46% to the bottom line. However, as we will show in a subsequent post, the bulk of this "growth" came from just one line item again: healthcare.

In other news, core PCE rose 1.2% in 4Q after rising 1.4% prior quarter, while the clearest confirmation of the rapidly slowing US economy was final sales to private domestic purchasers which rose just 1.8% in 4Q after rising 3.2% the prior quarter."
Read on ...
http://www.zerohedge.com/news/2016-...altry-069-fourth-quarter-missing-expectations

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And US futures are up 100 points because of a BOJ surprise/stupidity via negative interbank lending rate. I'm short US markets in the last 30 mins via binaries. Chevron results were a shocker, most of the oil companies have not yet reported so far this earnings season. They come out over the next week. Let's see how bad it really is.
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