Down 2.9% in one quarter, up 4% the next. Are they going to attribute this to “good weather”?
Things do not swing this wildly without flawed or false data. These books are so cooked one must wear asbestos gloves to read them.
Everyone knew 1Q was screwed up (way too low which is why most estimates were ~3%). Everyone saying 2Q is wrong (way too high). At the end of the day the economy is growing 1.5-2.0% per year. Right where we have been the last few years.
I’m wondering if government expenditures on bammycare subsidies are now included in the GDP.