148 seconds of awkward uncomfortable truthiness...
“There is no acceleration in underlying economic activity,” and“There’s this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth… It’s not happening!”A stunned Simon Hobbs rebuffs, “That’s a long list of non-ideal situations we find ourselves in,” to which Ricchiuto snaps back “and we can keep on going!”“After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy’s good – it’s not good!”
“but the key is that’s not what The Fed is telling us.”
http://nunezreport.blogspot.com/
Source: http://nunezreport.blogspot.com/2015/02/148-seconds-of-awkward-uncomfortable.html
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