Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

In my day a 8.2% rise in GDP

would have set our factories afire with hiring.

Today a new order comes in, and its sent offshore, we fire some folks, and earnings and productivity spikes. Analysts cheer. Well, I think the WMT results are starting to speak.
Just plain weak. Growth rate down YOY, and after accounting
for additional stores way down.

The big mistake of the policy makers was to apply the stimulus (tax cut, spending) before
the dollar dropped far enough and long enough to make a difference. We put deodorant on
the body odor for awhile, but very soon, its going to wear through. The quick fix is going to stink soon.