Comments on: First Quarter GDP, Advanced Estimate

By: Steve Plunk

Steve Plunk — Wed, 29 Apr 2009 21:17:19 +0000

The optimistic report of falling inventories could mean business has been living off those inventories and will soon have to replenish stock leading to a better second quarter. Credit loosening may help as well. Heck, might as well throw in lower energy costs over last year (I still believe high energy costs damaged business and consumer confidence while hurting us in real terms).

If the media would play up the black swan of natural gas reserves and improved extraction it could reassure the public as well. We are still in shock from what happened last summer.

By: Steve

Steve — Wed, 29 Apr 2009 21:12:30 +0000

Advance Release
Preliminary Release
Final Release

That's the order.

By: odograph

odograph — Wed, 29 Apr 2009 21:04:06 +0000

The worst news of the day, but maybe expected by us pessimists:

From Bloomberg, "Fed Is Said to Seek Capital for at Least Six Banks." The report cites sources who've been "briefed on the matter."

from NPR's Planet Money