[expat_panama]

Personal Income's up +0.3% and spending's up +0.1% --that means saving's at a new high.

If we say that this is extremely weak growth then we have to say that we're not in a recession, even though we're in about the same situation as 2008 when the inflation adjusted GDP was just 0.001% below 2007's stellar peak ---making 2008 officially a recession --even though fewer people were out of work or part time and even though we were so much better off than we are now.

[bert]

or, the precision of the numbers is beyond the precision of the measurements. The measurements in 0.0 is beyond the actual capability of the process. Anything less than 1% is in my view actually 0

[expat_panama]

Wake up!!   Yesterday the NASDAQ crashed burning down an abysmal -0.1% even while the S&P500 failed to grow any better than a miniscule +0.1%.   Ah, we're basing in fading volume   --never mind.   Our precious metals seem safe too, not going up but at least not falling.

Later this AM: Case-Shiller 20-city Index and Consumer Confidence.

Doesn't Rush always say "politics was invented to keep bored investors awake"?

Why 'Green Energy' Is Just A No-Energy Oxymoron - Alex Epstein, Forbes
Why Investors Will Be Wise To Sit On Cash in '16 - Doug Kass, RealMoney
How Investors Are In Denial About China - Christopher Balding, Bloomberg
What's Missing From This Market Advance? - Kevin Marder, MarketWatch
Signs Your Portfolio Is Headed For a Fall - Martin Pelletier, National Post
Startups Must Choose Profitability v. Humanity - Max Rivlin-Nadler, TNR
Robots Are Coming For Your Job - Bryan Dean Wright, Los Angeles Times
Why Is HK Rich, Cuba Poor, PR Coping? - Richard Rahn, Washington Times
Relentless Attempts to Erase Physical Money - James Titcomb, Telegraph
What's More American Than Inheriting a Fortune? - Bryce Covert, NYT
Sorry Donald, the U.S. Is Very Rich - Robert Samuelson, Washington Post
Look Deeper, Trump's a Pro-Growth Reaganite - Donald Luskin, Investor's

[Wpin]

Deflation pressures...

[Wolfie]

Asher Edelman: We Have Been In A Recession For 15 Years

[MCF]

“Excluding food and energy”
This is why the whole analysis is meaningless.

[VTenigma]

Personal Income’s up +0.3% and spending’s up +0.1% —that means saving’s at a new high.

---

Or the combined take of the governments share is at a new high.

When Obama’s own economic mouthpiece (Reuters) is lamenting the Fed Gov economic numbers it must really be bad.