4.6 • 1.1K Ratings
🗓️ 11 December 2013
⏱️ 71 minutes
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0:00.0 | S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media |
0:07.0 | to bring you unscripted interviews and breaking commentary direct from Wall Street, |
0:11.0 | right to you on Main Street. |
0:15.0 | How's it going out there? |
0:16.0 | It's Wednesday, December 11th, and I'm Frank Curzia, |
0:18.0 | hosted an S&A Investor Podcast where I break down the headlines and... |
0:25.6 | Tell you what's really moving these markets. |
0:29.2 | What a week for the markets. |
0:35.0 | Third quarter GDP revised up to 3.6 percent. Ked of me, it's an insane number. |
0:37.0 | Highest number, it's the first quarter of 2012, not too long ago, but no, 3.6 percent, are you kidding me? Of course economists are saying next |
0:45.2 | quarter will likely be 2% is maybe a little bit below you know tearing this |
0:49.4 | number apart however the first time this third quarter GDP number was reported was November 7th, |
0:55.0 | and the economist tore that number of part 2. |
0:58.0 | I mean, it was 2.8%. They're saying, you know, the economy is weaker than it looks the numbers deceiving because |
1:04.2 | businesses were building up their inventories. That's not going to happen going forward. |
1:08.0 | You know back to school sales are weak if you're looking at the details also business cut their spending on equipment I mean there's a whole |
1:14.8 | bunch of nonsense and say this number is going to be horrible again a torn apart November 7 |
1:19.4 | when the number is 2.8 it got revised at 3.6%. |
1:24.0 | And it's a huge number for our economy. |
1:26.0 | It changes the outlook of everything in stocks or does it. |
1:30.0 | If you're looking at the details and keep in mind guys this 3.6% GDP number came in despite the federal government cutting spending and jobs. |
1:40.0 | So is this a temporary number? Should we be excited about it? |
... |
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