Posted on 05/25/2022 12:31:26 PM PDT by Browns Ultra Fan
The US Q1 GDP report is due out tomorrow morning. The forecast is for -1.3% decline in GDP.
The Atlanta Fed GDPNow real-time GDP tracker is for 1.806% for Q2. If this holds, then recession fears will diminish.
Even though the US may avoid consecutive negative GDP quarters, M2 Money Velocity (GDP/M2 Money) got crushed by The Fed’s reaction to Covid back in 2020.
Talk about a bad return on “the people’s money”.
(Excerpt) Read more at confoundedinterest.net ...
The GDP includes the government spending of borrowed dollars.
Back out the government spending of borrowed dollars and tell me if the economy is growing.
I thought the 1rst quarter GDP was already released on April 28th at a -1.4% rate?
Q2 isn’t even over yet. It’s going to be negative, but they won’t report it accurately until after November 15, 2022. Just watch.
They release new numbers every month and revise their previous estimates based on more complete data.
I am surprised how many folks don’t understand the market. You can not run at zero/low interest rates for 14 years and not pay the piper. This is and was expected. There won’t be wide spread doomage, but it will be a 1970’s remix. One good that may arise is supply chain becomes de-globalized.
The personal ‘domestic’ product for individuals will be -5% (just an estimation) for individuals. That’s the statistic that counts the most. How are people doing personally. And, are you doing better now than you were doing 4 years ago, or even 1 1/2 years ago?
81 million people made a clear choice of a bad economy in exchange for a cessation of mean tweets
81 million pieces of paper were counted with Biden’s name encoded in them.
Q1 2022 was strongly negative.
There is absolutely NOTHING HAPPENING in April and May that shows a change from -1.4% in Q1 to +1.6% in Q2.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.