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If you're just waking up and wondering what you've missed this morning, here it is:

FLASHBACK: @KeithMcCullough Issued Warning Before Today's -2.9% GDP Stink Bomb  - tums

"It is mathematically impossible, at this point, to get to anything that remotely resembles a 3-4% U.S. GDP economy," Hedgeye CEO Keith McCullough remarked in this morning macro conference call.  "Down -2.9%? That is just nasty. And they're making up the inflation number! If they used the real inflation number, I have to go through the math here, GDP might have been like minus 4% or more."

Our macro team has been warning on growth all year long. One example:


FLASHBACK: @KeithMcCullough Issued Warning Before Today's -2.9% GDP Stink Bomb  - boom1

Bottom line according to McCullough: Inflation slows real consumption growth.