Economy

Revised estimates for Q1 show it was worse than reported, which is typical, but it was also the worst quarter since the recession officially ended.

"The Commerce Department revised its estimates of first-quarter gross domestic product Wednesday to show that the economy contracted at a 2.9 percent annual rate. A combination of shrinking business inventories, terrible winter weather and a surprise contraction in health care spending drove the first-quarter decline, which is the worst since the first quarter of 2009, when the economy shrank at a 5.4 percent rate."

And that's even with the Fed printing $65 or $75 billion a quarter. But don't worry. It's no big deal.

"Still, the report is no harbinger of economic doom. Analysts view the contraction as more of a hiccup borne out of temporary factors, and all signs point to a robust rebound for the rest of the year. "

Those same signs pointed to a good first quarter too, as experts told us over and over, but they were wrong. More.

I've argued for decades that making it easy for anybody to code just created a ton of crappy code. Now all that crappy code is full of security problems that never get fixed. We were far better off when programming languages were harsh on bad programmers.

Gross Domestic Expenditure (GDE) and Gross Output (GO) are more accurate metrics than GDP for measuring the economy.