Shocked to see GDP forecast at 4.6%...
It will be nice when the Q1/Q2 distortions are out of the way. Q3/4 should be relatively clean. Most estimates I’ve seen are for 2.5”ish percent growth in 3Q.
For better or for worse gov’t stats have become controversial. The public attacks the BLS and their CPI and Unempl Rate but imho that’s a leftwing scam to take the focus off crimes committed by Census gov. I was highly suspect when the ‘09 Commerce Dept. changed the deflator to make the ‘08 GDP negative by a hundredth of a percent, but by and large I’d say the BEA was ok like the BLS.
Of course the NBER cycle dates are flat out frauds though.
Utter BS!!!!! I have been watching the economy for nearly my whole life (over 50 years), and what we are seeing now is NOT indicative of a boom.