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Non-Tech : Kirk's Market Thoughts

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Nov 20 3:59 PM EST

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To: CrashDavis who wrote (1248)	5/15/2014 4:10:34 PM
From: Kirk ©	1 Recommendation Read Replies (1) of 26583

Was offline most of the AM but finally got it fixed with a level 2 callback who caught what the first tech missed... 4 hrs dead time... ugh.... Anyway, anyone still doubt lower taxes helps GDP? I heard someone on TV correctly say the issues Walmart is having with Y/Y comparisons is due to 2% tax hike on the working poor... Japanese GDP growth surged to its fastest level in over two years in Q1, accelerating to an annualized 5.9% from 0.3% in Q4 and breezing past consensus of 4.2%. The economy was boosted by personal consumption soaring 8.5% as shoppers went on a spree prior to sales tax rising to 8% from 5% on April 1. A 4.9% rise in capex also helped. The downside is that the economy is expected to pull back in Q2 now that VAT has gone up. Japanese GDP growth surged to its fastest level in over two years in Q1, accelerating to an annualized 5.9% from 0.3% in Q4 and breezing past consensus of 4.2%. The economy was boosted by personal consumption soaring 8.5% as shoppers went on a spree prior to sales tax rising to 8% from 5% on April 1. A 4.9% rise in capex also helped. The downside is that the economy is expected to pull back in Q2 now that VAT has gone up. Eurozone GDP growth held steady at 0.2% in Q1 but missed consensus of 0.4% as France returned to neutral with zero growth after rising 0.2% in Q4 and Italy fell back into contraction of 0.1% following an expansion of 0.1%. Still, at least Germany maintained its role as the bloc's engine of growth, with GDP strengthening to 0.8% from 0.4% and topping expectations.

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