Friday, December 23, 2011

JPM Raises Q1 GDP Forecast From 1.0% To 2.5% GDP At The Expense Of Even More Future Growth

Now that US Congress provides "solutions" on a month to month basis with outcomes delayed until the 11th hour and 59th minute, the Treasury funds itself paycheck to paycheck, hedge fund LPs only allow a daily lock up and demand liquidity statistics (as in how much of the entire book can be sold on an hour's notice), and all that matters is what happens in the next few hours, it is JPM's turn to raise Q1 GDP... at the expense of future growth. Because nobody really cares about the future

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