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Re: Nemo!!! 

By: faul in FFFT3 | Recommend this post (3)
Thu, 30 Apr 15 11:49 PM | 44 view(s)
Boardmark this board | Food For Further Thought 3
Msg. 12144 of 65535
(This msg. is a reply to 12136 by joe-taylor)

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"Earlier today, Goldman initiated its Q2 GDP tracking at 3.0%.

A few hours later, the Atlanta Fed, whose "preposterous" below-consensus forecast we first flagged in early March, and which nailed the Q1 GDP to within 0.1% of the final print, came out with its own Q2 GDP tracking estimate. The number: a recession-worthy 0.9%."


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The above is a reply to the following message:
Nemo!!!
By: joe-taylor
in FFFT3
Thu, 30 Apr 15 10:43 PM
Msg. 12136 of 65535

We find your posts a bit silly and misleading. The Dow goes up and down on a regular basis and is trading in a sort of range right now. For your folks to declare a recession we need at least a ten percent correction in the Dow which has not occurred and is not likely to do so. Even in correction is no harbinger of a recession, only a part of that puzzle.

As far as personal spending and savings rates go. March is traditionally a weak month because of bad weather and the need to find money to pay income taxes of all kinds. Nothing more and nothing less.

And know this. I am considered an expert in this area and will notify the board if I feel we are heading into a correction mode. I've done it before and my track record is quite good in this regard. So, we don't need your constant alarmism polluting the board.


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