The biggest story is being swept under the rug this morning.

http://www.cnbc.com/id/33786428

A NY Times article this morning shows an admitted flaw in the way productivity and GDP are calculated, which is understating imports which adds to GDP, and overstates productivity, which is why that number was so high last week.

And all this time I was concerned that data from China couldn’t be trusted. Now it is revealed that it is our data that is questionable.

The short the dollar buy the market trade is too easy and will probably end soon.

A wise man once told me years ago, “when the stupid people are making money, the top is near.”

We saw that recently in the real estate market, and now this crush the dollar — buy the market trade is on its last legs.

Related Posts:

• Why the market should go up on this encouraging data
• The UK is the big “tweety pie” in the coal mine.
• China’s nowadays is similar to the 1920’s and 1930’s.
• Lets get down and dirty on how the real estate market works in China.
• 2010 will bring more mortgage resets, more foreclosures, and larger unsold housing inventory.

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