Monday, January 30, 2012

GDP thoughts

Sorry about the delay in getting around to this discussion.  On Friday the fourth qtr GDP came out and missed expectations by a wide margin.  However, after looking at the data it appears the actual results were worse than the headline would suggest.  Of the 2.8% increase in GDP fully 1.9% of that was due to inventory increases.  As businesses eventually start to drawdown this inventory in Q1 it will act as a drag on Q1 output. 

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Beware what you tweet!

"US special agents monitoring Twitter spotted Leigh Van Bryan's messages weeks before he left for a holiday in Los Angeles with pal Emily Bunting.

Leigh, who also quipped about "digging up Marilyn Monroe" on Twitter, said they were treated like terrorists on arrival at a Los Angeles International Airport. The pair were held by armed guards and quizzed for five hours before being handcuffed, put in a van with illegal immigrants and locked up overnight."

Cheers!

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