This, from CNBC’s U.S. Markets Overview:
“The 1.8 percent GDP is particularly alarming...If this is the best we can do, even after income bumps and an aggressive QE program, the domestic economy is even more fragile than what we already believed,” said Todd Schoenberger, managing partner at LandColt Capital. “There is a clear disconnect from what the Fed is reviewing and Main Street is living. The pathetic part of it all is Wall Street will see this as good news as stocks will most likely rally on hopes of an extended period for more bond buying.”
More evidence the recent economic “growth” has as its foundation the soon-to-end sugar high of QE.