ChipSeal

Chart of the Week: GDP Worse than Expected

Initial claims cannot be thought of as anything but optimistic hope. Wait a month and they will be revised to reality.

The administration knows that the revised figures won't make headlines from a seriously incurious media, as they are overshadowed by the latest optimistic lie.

The "too big to fail" banks revise their latest earning report with a Friday after hours 10-K filing- They had inflated their balance sheet by a few tens of billions. Nice.

All we know is, no matter what the current report is, it is really worse than they are saying.