“It’s hard to imagine that [GDP] is actually growing at 3.2%. Particularly with the trade wars and every other darn thing that’s going on, and these companies that are coming out with horrendous reports on how their own business is going. So, I tend not to believe it.
It looks like the market’s not believing it. As you and I discussed, the bond market’s rallying in the face of it. Gold is rallying in the face of it. So, maybe people are getting wise to looking through the numbers.”