“US Real GDP Growth Forecast To Be Dismal 0.50% In 2023”
If correct, that’s not a recession, that’s a “soft landing”. Some other financial people are predicting that as well.
Some other financial people are predicting that as well.
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Some people predicted that inflation would be transitory.
It’s not a soft landing. Don’t be fooled. That predicted figure is only propped up with government spending. The Inflation Reduction Act kicks off the government spending spree on January 1. Government does not build anything. There is no real government product to contribute to the GDP. Private sector production will be negative in 2023. The writing is already on the wall. There were 100k manufacturing jobs lost in November alone according to the ADP employment report for November. That’s not expansion of private sector production. It’s the opposite.
“US Real GDP Growth Forecast To Be Dismal 0.50% In 2023”
If correct, that’s not a recession, that’s a “soft landing”. Some other financial people are predicting that as well.
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Are any of the metrics coming out of the government to be trusted?
There was just the rather dramatic revision of jobs added from March thru June of this year from 1,121,000 in the initial reporting, now revised down to just 10,500 net new jobs in Q2.
Missed it by *that* much!