Commodities beginning to unwind as growth erodes… Liquidity slowing

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Warning Signs of Recession in GDP and Especially its Components

While third-quarter GDP growth came in a little higher than the Atlanta Fed was predicting, it still came in below the consensus of economists, which averaged at 2.6%. The Bureau of Economic Analysis came out with 2.0%:

“Infrastructure Bill” Contains Only $110 Billion In Infrastructure, The Rest Is Pork Barrel Spending

The bill includes $110 billion in funding for roads, bridges and major projects, as well as $39 billion to modernize and make public transit more accessible to the disabled and elderly. Significant chunks of that money will go to major city transit systems, like New York City’s, based on federal funding formulas. (Taxpayers paying for something that even New Yorkers aren’t willing to pay for??)

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