Uh Oh.... (GDP Interpretation)
• Market-ticker.denninger.netIt appears to be that traders in the FX market (who by the way tend to be smarter than the average equity or bond trader) have deduced that the entire "improvement" in 2Q GDP came from government spending.
GDP = Gargle Dump Puke
Sometimes I wonder if Denny's head is gonna explode. The guy is really on a tear.
His next article really hits it. There is no "real" recovery with falling GPD and rising unemployment but Wall St. and the markets are no longer any part of the "real" economy.
And that next article BTW would be at:
http://market-ticker.denninger.net/archives/1280-GDP-In-Pictures-The-Truth.html