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Discussion Starter · #1 ·
CNBC: The data on April's deficit is coming in across the wire and it is coming in much better than expected, down $83B vs. consensus estimates of down only $50B.

***correspondent leans over the desk and whispers***

The number came in more negative than expected, like by a lot, a larger negative number is not "better than expected".....

CNBC: Well, moving along from the deficit number, more American's are on food stamps than ever before... oh, that's not good either. Ummm, the gulf spill is, well, um, forget it. Comments circulating that Germany may consider leaving the EU, oh wait, that would not be good... oh look, the markets are way up on easing EU debt fears!!! Let's get James Cramer in to comment on the market melt-up.
 

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Sam Adams was right....
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hahahahaha!
 

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ΜΟΛΩΝ ΛΑΒ&
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Yes We Can!

Oh, and BTW--they also announced today that the Healtcare "Reform" Bill will now cost upwards of $110,000,000,000.00 (billion) more than previous estimates.
 

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Discussion Starter · #4 ·
Yeah, and after looking at the actual debt numbers, I am not squaring with this -$83B number. I am getting a much, much higher number.

Volumes and prices in Bejing's property markets are getting hammered now as well. Round and round we go.....
 

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I read an article today (can't find a link for the life of me) that stated something along the lines of "trade deficit is fueled by recovery". Well, if anyone believes that...
 

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And isn't April usually the month when the fed govt is not running a deficit?

Tax receipts come in and the govt has a surplus they use the rest of the year:

Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.

http://www.reuters.com/article/idUSTRE64B53W20100512

I thought the economic collapse was on the way last week; govts are still trying to buy time...
 
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