Recession Fears Drop as GDP Growth Forecasts Plunge

This is equal to watching a NY Mets game, seeing the opposition constantly increase their lead, and feeling increasingly better about the specter of a Mets win. ‘Tis is the case with the U.S. economy. People have gone fucking apeshit mad, sopping up secondary offerings and greasy oil stocks, amidst BILLIONS in write-downs. The Atlanta Fed is forecasting a 0.4% growth rate for Q1, yet the level of fear is virtually non-existent, judging by recent polls and the VIX tits index.

Markets don’t give a shit. Share buybacks and firings will keep this economy humming along just fine. Let’s see what Apple has to see, due to report earnings after the bell.