Noted this morning:
The government cut its calculation of U.S. growth in the second quarter
to 1.3% from 1.7% in its third and final review, citing less consumer
spending and business investment than previously estimated. Consumer
spending rose 1.5% in the previous quarter instead of 1.7% as initially
forecast. And business investment, excluding residential housing, was
revised down to a 3.6% increase from 4.2%
Oh, yah. Four More Years!!! Then we, too, can be Spain.
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Revised BLS job numbers are out, too!
Yup. About 30,000 more added jobs/month than originally reported.
Pissing into a forest fire.
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