Oh what a night, skol predicts weather to lower gdp, bang on... Could replace Yellen at the FED.
Gdp includes 1.1 trillion in inventories, that in anyone's terms that's a decent number. Sometimes you do get large builds but this one is one of the biggest and with slow economy and few markets to sell into may have to nearly give it away with big write downs. That could get nasty.
GDP could have potentially been -2.6% without this and Obama would have been cleaning out his undies and his office.
Over supply and over production is how the Chinese ended up with ghost cities as well as crashing commodity prices. Surely the game must nearly be up. I know this is a gold thread and I have said before that most economic relationships seem to be breaking down around gold and oil.
Someone please explain how it's possible to avert a massive delayed contraction caused by QE, I just don't see any way it's possible now. The longer they delay it surely the worse it will be.....
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