By Bruce Krasting (Guest Post)
Boy does the economy stink! The GDP report from the BEA was about as bad as it could get. I think the economy is rapidly approaching stall speed. The insanity in D.C. has already put an additional damper on the prospects for the future. Many places that I read jumped on the BEA data and concluded that QE3 is imminent. I think that is all wrong. From the BEA report: The price index for gross domestic purchases increased 3.2 percent in the second quarter, following an increase of 4.0 percent in the first. Excluding food and energy, the price index for gross…
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