Recession Pushed To The Right (Again) -- Still Out To 2027 -- May 8, 2023

Locator: 44604GDPNOW.  

Link here.

This is absolutely key:

After last week's employment situation report from the US Bureau of Labor Statistics and this morning's wholesale trade report from the US Census Bureau, an increase in the nowcast of second-quarter real gross private domestic investment growth from 2.7 percent to 4.2 percent was offset by a decrease in the nowcast of second-quarter real personal consumption expenditures growth from 2.1 percent to 1.8 percent, while the nowcast of the contribution of the change in real net exports to second-quarter real GDP growth increased from 0.31 percentage points to 0.35 percentage points.

You had me at "the nowcast of second-quarter real gross private domestic investment growth from 2.7 percent to 4.2 percent."

 And that's why I added to my BRK-B position today.

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From 1941

This was posted on YouTube earlier today, about nine hours ago.

Danish, I believe.

Think what was going on in 1941.

Two items:

• start at 52 seconds; the instrumental introduction is way too long; and,
• see if you recognize the bars starting about 2:18.

If you need help: https://www.youtube.com/watch?v=cEdNoFoOPrE. 

If the tune at 2:23 sounds familiar, check out Steamboat Willie. 

Isn't that just the most beautiful / pleasant-sounding lyrics. I could listen to it all night.

Best TV ad right now: "Taco Night" --  OTR. Exactly my kind of night, except I also have a huge pool. LOL.

How did BUD get it so wrong?

By the way, watch "Cheers," season one episode 16:

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USAF Overseas

When we were stationed overseas -- Germany, England, Germany again, and then Turkey -- and especially in Turkey we were entertained weekly with really great stuff -- by our own active duty personnel -- it was really quite remarkable. I had not thought about that in a long time until I saw this tonight (from the link above):