Since expectations of Q3’s GDP growth began to get ratcheted lower with reality (in March), ‘economists’ have banked on Q4’s fiscally-dragless-renaissance to fill the wedge between equity prices and fundamentals. That ‘hope’ has been dashed (once again) on the shores of QE insanity as Q4 2013 expectations have collapsed 30% in 2 months to only 1.8%… but ‘hope’ and ‘faith’ remain as Q1 2014 will save the day. Of course, all this is magically achievable – like this.
How much longer until everyone gets the joke?
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/lLb9FS-z_rs/story01.htm Tyler Durden