….. GDP revised higher; biz investment up, consumers spend; profits down again. Pending home sales down; inventory tight. Sick leave for gov contractors. Wells Fargo also screws over the military. Wells CEO goes to Washington, takes personal responsibility and blames low level employees. Deutsche Bank situation very fragile. Och-Ziff makes money the old fashioned way – bribery. An artificial pancreas. Paris Auto Show is electric. Financial Review by Sinclair Noe for 09-29-2016 DOW – 195 = 18,143 SPX – 20 = 2151 NAS – 49 = 5269 10 Y – .01 = 1.56% OIL + .57 = 47.62 GOLD – 1.50 = 1320.90   The third and final revision of second quarter gross domestic product shows the economy grew at a 1.4% annual pace instead of 1.1%. Business investment in the second quarter was better than previously reported and that bodes well for third-quarter growth. Investment excluding housing actually rose 1% instead of dropping 0.9%. A 57% plunge in spending by energy companies coping with cheap oil was the main culprit in weak business investment. If mining and drilling are excluded, investment rose a healthy 10% in the second quarter. Consumers are still spending at a healthy clip and the housing market continues to get stronger. Core personal-consumption expenditures – a measure of inflation that excludes volatile food and energy prices – rose by 1.8%, unchanged from the second estimate. America’s largest public companies reported a fourth-straight quarterly drop in profits in Q2, down 1.7% after tax.   The National Association of ...