gc, from an economists point of view tonight's GDP figure has...

  1. 10,404 Posts.
    gc, from an economists point of view tonight's GDP figure has only token meaning. It will be revised. I recall last years '14Q4 was -.1% or so (lots of snow) but was later revised upwards. Sometimes you could think Yellen feeds the BoStats the figure she wants.

    Present market mood isn't good so a nasty figure might spook some of the bigger players but just say there is a reasonable number, say .4%. the present market might look at this as a marvel in the FEDs macro economic ability and we have a nice little rally to nowhere.

    I thought the says of bad/good news is good/bad news were over: seems not yet.
 
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