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End Bits - Freekin COLD EditionGDP +5.7%? After talking to a builder at Victor's Deli today who mentioned Somerville house sales are getting record breaking $ per sq. foot, I wonder how do we measure the econ recovery? While I love Tesla Motors, the WSJ brings up some great points. You should turn a real profit - not just gettin $ for car sales, about two thirds of which you haven't built yet - before you go IPO. I still might buy some stock, but please, you just got a federal loan... I still can't understand Mayor Menino, even when he's on a "This Old House" I've seen twice. Who's speech was more important on Wednesday: Barry Obama or Stevie Jobs? Is it going to be any fun with everyone rooting for the Saints? It's a blustery 4.3 Fahrenheit.
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If it'll make it more fun for the rest of you, I'll root for the other guys. Who are the other guys?
Recovery: a falling unemployment rate.
While I will joyously take any kind of a positive "leading indicator" like Friday's GDP, I think I also agree w/TGL here.