Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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locogringo

To: Kenneth E. Phillipps who wrote (168540)	5/29/2014 10:56:57 AM
From: FJB	1 Recommendation Read Replies (1) of 224748

Kenyan Cockroach Craters Economy US Economy Shrank By 1% In The First Quarter: First Contraction Since 2011 Submitted by Tyler Durden on 05/29/2014 - 08:49 Bottom line: for whatever reason, in Q1 the US economy contracted not only for the first time in three years, but at the fastest pace since Q1 of 2011. It probably snowed then too. "Pent-Up" Pending Home Sales Demand Missing; Down 9.4% YoY Submitted by Tyler Durden on 05/29/2014 - 10:09But it's the weather... nope... NAR blames excess inventory as giving people too much choice and slowing their purchasing decisions for the notable miss on both MoM and YoY sales. This is the 7th month in a row of declining YoY sales. The 0.4% rise MoM missed expectations of 1.0% as the pent-up demand from a cold winter appears to be missing in action. Of Course NAR is optimistic (but even they are cautious), "an uptrend in closed sales is expected, although some months will encounter a modest setback." Consumer Comfort Plunges To 6-Month Lows Submitted by Tyler Durden on 05/29/2014 - 09:54Despite record highs in stock markets and talking-heads explaining that a terrible Q1 GDP print is nothing to worry about, Bloomberg's Consumer Comfort index collapsed to its lowest level in 6 months as 'Buying Climate' collapsed and economic expectations plunged from 48 to 42.5 (7-month lows). Those earning over $100k are happy and comfort soared but the comfort of those earning under $40k plunged to new cycle lows. The Fed won't be happy... need S&P 2,200 for animal spirits to come back again...

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