FED ruined this beautiful set up for now.........lets see how the claims go the weather had to keep the peeps back, this week will be higher......la la la it gets [added no matter what by administration lies and deceptions.
The economy is in contraction if one considers the deficit. Government borrows recently printed fed dollars and then spends the money immediately and bingo, GDP is increased by the borrowed amount. Net out the deficit spend that cannot go on forever and the economy is contracting. Economic indicators are all suggesting contraction when looking below the headline number. But the final confirmation that the economy is tanking is the Fed pronouncement that the economy is growing, kind of like the subprime mortgage problem was contained. etc. Once the spin is digested and the truth sees a bit more light, this downdraft will be a blip in the major uptrend as yesterday's damage is already in the process of being repaired.