Rosenberg On A Flat Normalized GDP Number

[AllentownJake]

Yesterday, the market moved on what was the double whammy of the government's own rather fluid favorable interpretation of what was essentially the government's very own stimulus. Yet others can play, and unwind, the number fudging game too. According to David Rosenberg, absent the now declining impact of the massive governmental stimulus, GDP would have been flat if not negative. So much for bickering over whether GDP was 2.7% or 3.5%: at the end of the day, on a normalized, non-stimulus inflated basis, GDP was flat, and if the equity market cared about isolating non-recurring items such as excess government spending driving a collapsing economy, the stock market reaction would have been quite the opposite.

http://www.zerohedge.com/article/rosenberg-flat-normalized-gdp-number

Of course this came out on Friday, moving the market in the opposite direction. The Friday bad news dump tradition of the media age

http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

[AllentownJake]

1. Where are all the wooters from yesterday?

[depakid]

2. This was pretty obvious to anyone paying attention

[AllentownJake]

3. kick