[BureaucratusMaximus]

"If GDP were truly so weak, we would not expect aggregate hours worked to climb 3.7% annualized through May, jobless claims to remain near cycle lows, consumer confidence to hit a cycle high, industrial production to climb 5.0% at an annual rate over the first five months of the year, core capital goods orders to be up 5.8%, ISM to be above 55, and vehicle sales to hit their strongest annualized selling pace for the year. GDP is the outlier in these data points. I will roll my eyes and move on. Most of the data we just mentioned is consistent with underlying growth over 3.0%. "

That just sounds like selective ignoring of facts to me. Wonder if the current resident of the WH has anything to do with it?

[Wyatt's Torch]

No since it was written by a bank economist. And all of the facts he cited are true. GDP is backward looking and largely irrelevant to current conditions. Almost every bit of underlying economic data the last month has been positive. Ignore it if you wish.