Latest from John Williams from shadowstats.com:
- Net of Involuntary Inventory Build-Up, GDP Growth Was 0.8% Instead of 2.8%
- Durable Goods Orders and New Home Sales Still Show Stagnation
- Fed’s New PCE Inflation Target Is Inconsistent with Plans for Ongoing Easing
Final revised GDP is 1.7%. Click here. Just a reminder than the US bank “stress tests” required at least 2%, which after final “revisions”, we haven’t seen.
Some good interviews over at KWN with Gerald Celente and Jim Rickards.
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