I would guess about negative 3%.
Posted on 03/25/2015 5:01:52 PM PDT by Perdogg
From almost 2.5% GDP growth expectations in February, The Atlanta Fed's GDPNow model has now collapsed its estimates of Q1 GDP growth to just 0.2% - plunging from +1.4% just 2 weeks ago. The reality of plunging capex and no decoupling is starting to rear its ugly head in the hard data and as the sun warms things up, weather will start to lose its ability to sway sentiment. While sell-side consensus has dropped (Goldman, Morgan Stanley, and Barclays all cut today following Durable goods), it remains unable to quite accept the reality of massively weaker than expected macro data evident everywhere (except in the soft-survey PMI data).
(Excerpt) Read more at zerohedge.com ...
Makes me take pause and wonder what the real number is
Rolling!!!
0.2% growth is a rounding error. Its a meaningless number. IOW more BS from the BS.er in chief.
If you Subtract Government Deficit Spending, it has been NEGATIVE FOR 30 YEARS, EVERY QUARTER!!!
I would guess about negative 3%.
Fun with numbers is now a daily occurrence.
If they claim .2%, you can bet your bottom dollar it is actually more like a 1 - 2% contraction.
We have been in a Depression for six years. Everyone not in the market or the Government KNOWS IT! They can only paper over the truth for so long.
The MSM will get around to reporting this after they’ve completed their investigation of Ted Cruz’s health insurance.
they will paper over it ... until a Republican takes over, then the bottom will drop out of the numbers!
Yet we managed last year to send 342 billion more dollars to China, than China sent here.
And that continues, year after year. After year. After year.
America needs to manufacture things again. Right here in America.
This is all about putting Yellen in a box to hold off increasing rates.
I gather there is a GREAT deal of vested interest in keeping rates down.
Unfortunately, it's killing everyone except the superrich.
Hope for Spare Change
That was my first thought as well. All government numbers are faked. So if even the faked numbers are bad...
That damn weather again...
I’ve always wondered if we’re just better off voting for a Dem just to let them have the collapse.
thank you,,, simply noise in the data
Even people who are vested in the market, KNOW this !
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