No. 552: GDP Revision, Systemic- and Consumer-Liquidity Updates

(SGS Subscription required) • GDP Revision Reflected Previously Discussed Trade-Flow Distortions
• Well Removed from Real-World Activity, GDP Numbers Remain Nonsensical; There Never Was a Recovery and There Is None Pending
• With Consumer Liquidity Issues Deepening, Broad U.S. Economic Activity Is in Renewed Contraction
• Fed Pullback on QE3 Remains Unlikely, Amidst Suggestions of Intensifying Banking-System Stress

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