Posted on 01/28/2022 12:14:46 PM PST by Browns Ultra Fan
Well if the Atlanta Fed’s GDPNow forecast is accurate, The Federal Reserve is going to have to think about its 5 upcoming rate cuts. Because its Crying Time for the Biden Administration.
Stagflation anyone?
This news will not be well received by Country Joe Biden.
(Excerpt) Read more at confoundedinterest.net ...
Time to start a war.
The Democrats will follow the well worn path in this situation—blame somebody else!
Being a Democrat means never having to take responsibility for anything—ever.
rate cuts or rate hikes?
It’s Atlanta, they’ll just find money in a suitcase in the middle of the night.
Do the same thing they did following WWI when the economy tanked. Reighn in federal spending and regulation. The economy will recover by itself.
They’ll blame capitalism and claim it’s time to scrap it and go the way of the UK.
They will have to investigate Trump for this.
That reminds me, did Congress forget to have their annual "impeach Trump" event or did I just miss it?
Today’s numbers certainly didn’t support this: GDP growth of over 6%.
Maybe we need a definition of “real growth” vs. illusory growth. GDP up 6% with inflation up 7% is not a real gain. At least not how it affects most ordinary people, IMO.
Supposedly, it is inflation adjusted.
Sundance at “The Conservative Treehouse” pointed out that the LA port shipping numbers, a deduction, were deliberately NOT included because they delayed their report by one day.
Still, don’t think that would have that much impact.
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