iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,446 Blog Posts

Q3 GDP ROARS AHEAD AT A 2% CLIP

All of the doom and gloomers are crapping in their bloomers now, after Q3 GDP stats showed a robust consumer and a booming US economy. No wonder why the Fed is hell bent on tightening.

Get this: in the third quarter of 2015, the U.S. economy grew at an amazing 2% clip.

Consumer spending came in hot, flat, at 3% and home construction powered ahead at an 8.2% clip. While exports were soft due to a strong dollar, imports grew at a 2.3% clip, as gluttonous fiends sopped up all of the cheap foreign wares they could get their disfigured hands on.

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2 comments

  1. boyaj

    I can’t tell whether you’re being sarcastic or not…

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  2. Dr. Fly

    Very

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