GDP was in-line with expectations, falling 0.5% in Q3. Consumer spending fell 3.7%, in the latest view, worse than the original 3.1%.
Markets are getting a lift from the latest addition to the TARP and news that the Fed will buy half-a-billion in GSE debt.
EUR/USD is back above 1.2900. It coulda been worse, seems to be the attitude on GDP.
