CNBC anchor: "GDP numbers so bad, I thought it was a MISPRINT" (China to surpass America as world's largest economy!)

[Dave007inVegas]

Citing weak construction spending data, several firms' GDP tracking models now show Q1 growth fell into negative territory.

"Residential construction was a bright spot, rising 0.7% on the month and standing 15.2% above year-ago levels," noted Barclays' Cooper Howes. "Nonresidential construction fell 0.1%, however, and there were downward revisions to February and January. On the whole, this lowered our GDP tracking estimate three-tenths, to -0.2%."

Macroeconomic Advisers, a widely cited source for GDP estimates, said its model fell 10 bps to -0.1%, also weaker-than-expected construction spending below BEA assumptions.

And according to Zerohedge, JPMorgan's model is now also tracking negative growth.

Can you say OOPS!

 

[Willie99]

Everyone familiar with our cyber pinata's circus act knows exactly what he's going to say verbatim:

"Obama can't spend enough because of those damn Hillbilly Republicans!"

"Reagan was a Keynesian!"

"We need a huge stimulus!"

"Austerity is a massive failure...Abenomics is a huge success!"

"Great things happen when the government expands the money supply"

"Smart people think like me, dumb people think like Sheriff Joe, Russ, Acebb, Dave and FZ!"

"I am very, VERY educated...you guys belong in the retard bar!"

Did I miss any?

now I'm fucking pissed, how can you leave me off the "dumb people list"?

 

[Willie99]

I suppose in libtardville, the fact that we're mocking the economy Obama owns means we want our economy to suck

that's how they think

 

[Dave007inVegas]

I suppose in libtardville, the fact that we're mocking the economy Obama owns means we want our economy to suck

that's how they think

Victims gotta blame someone.

 

[SheriffJoe]

now I'm fucking pissed, how can you leave me off the "dumb people list"?

He doesn't call you dumb. He told me he respects you and that you're one of the 'sane' ones.

Sorry.

You may want to work on that. :missingte

 

[Willie99]

He doesn't call you dumb. He told me he respects you and that you're one of the 'sane' ones.

Sorry.

You may want to work on that. :missingte

no fucking way, I can't push anymore buttons than I'm already pushing lest I give up the rest of my life

damn

I think he just tails me in the sports forums

 

[roadreeler57]

“Oh My Gosh!” – CNBC’s Rick Santelli Reacts to Second Quarter GDP Drop, Blasts Biden Regime For Trying to Redefine Recession (VIDEO)​