Another nail in that blue wave coffin GDP forecast is 4.8%

travisw

Well-Known Member

Do you know how often the Atlanta Fed model is wrong?

The Federal Reserve Bank of Atlanta's GDPNow model projects that gross domestic product will increase at a 1.8% annualized rate in the first quarter. That's down from last week's 2.5% estimate and well below the 5.4% print from the beginning of Februarywhich was based on one month of data. A Bloomberg survey of economists shows Wall Street is anticipating 2% growth.
http://www.businessinsider.com/atlanta-fed-prediction-for-us-economy-looking-worse-and-worse-2018-3

The Fed Appears to Have Been Wrong About Growth. Again.
https://www.nytimes.com/2014/06/18/upshot/federal-reserve-expected-to-reduce-growth-forecast-but-keep-cutting-stimulus.html

Federal Reserve heads battle over GDP accuracy
https://nypost.com/2016/04/16/federal-reserve-heads-battle-over-gdp-accuracy/

Trump has fuck all to do with that black unemployment number @Terps

Trump says he deserves credit for the lowest black unemployment rate in decades. He doesn’t.
https://www.vox.com/policy-and-politics/2018/1/18/16902390/trump-black-unemployment-rate-record-decline
 

Fogdog

Well-Known Member

Terps

Well-Known Member
Will you agree to leave this site forever if it turns out to be less than 4.8%? I'll even spot you a full percentage, let's say, you leave if its <3.8% ?
And deprive myself of the pleasure of giggling to your constant childish meltdowns?
 

Fogdog

Well-Known Member
And deprive myself of the pleasure of giggling to your constant childish meltdowns?
You would still be allowed to read. So, you post was really just wishing it to be true. You never believed it. Makes you look even more foolish than before you posted it.
 
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