This week, The Daily Show continued it’s parade of second-rate talent since A-list talent (rightfully) won’t cross a picket line to appear on the show. CNN’s personal finance editor Gerri Willis was on to: “decipher the gibberish that can be heard on other financial programs.” But she was the one spitting gibberish. After reviewing a CNBC Fast Money clip where the trader/correspondent said: “The Dow opened down 500 points, this was a great opportunity to cover those shorts and take a shot on the long side,” she said that was gibberish and Jon Stewart didn’t challenge her . To borrow a Bill Clinton-to-the-media comment from the week: Shame on you Jon Stewart.
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- Personal Income +0.4% month/month.
- 2ndQ2016 GDP Weak, revised down.
- Durables Show month/month Improvement.
- Housing Data.
- New Home Sales up.
- Does Deficit Spending Reduce GDP Growth?
- Jobless Claims Remain low.
- Purchase Applications down again.
- Housing Start up but Single-family lowest since September 2015.
- Home Builders Remain Confident.