Submitted by jg on February 15, 2007 – 10:10pm.
FSD, I wager you a beer on Q1 GDP: I say it’s coming in below 1.0%. Consumer spending for Jan. came in at 0% growth, and with the spike in gasoline prices (man, did they jump quickly over these last two days), folks are going to be in no mood to spend like mad.
Big spike upward in initial unemployment claims, today. Surprisingly good NY state manufacturing data offset by surprisingly bad Philadelpha manufacturing data.
I’m guessing that the housing starts and building permits for January, announced tomorrow, won’t be pretty.
Cheap bets are fun (but I’ve been on the losing for three straight now; today, I had to treat a guy to a cheap lunch for going with my heart, and not my mind, and the Bears).
