Mike ‘Mish’ Shedlock was on talking about the impending GDP numbers, coming out April 28th. While guesstimates are all over the board, most likely it will be closer to Mish’s .6 percent than the 4 percent that more optimistic analysts are forecasting. Earnings are down and eventually that should bring the stock market down, at least it always has, eventually. It’s certainly bad news for the nation’s pension funds. They’re behind the 8 ball to the tune of trillions. What’s going to blow the lid off this sad state of affairs and who’s going to bail them out?
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