GDP Crash: Goldman, Atlanta & NY Feds See Q1 GDP Tumble Below 1%

[Manonthestreet]

Where's the recession we we're promised at beginning of thread

No one is promised a recession:

GDP Crash: Goldman, Atlanta & NY Feds See Q1 GDP Tumble Below 1%

The Atlanta FED a week ago had their forecast at 2.8. They steadily upgrade as numbers come in.

And one quarter of forecast does not a recession make.

Quit with the melodrama and lies.

YOu mean the lies of the FED...….. big miss …...

 

[Manonthestreet]

Werent we promised a market crash too last yr...…..

 

[Toddsterpatriot]

I asked: Why are TrumpOroids celebrating Q1 2019 coming in at 3.2 percent?

Toddsterpatriot, post: 22278843

Because it was better than Obama's Q1 2011 coming in at -1.0%?

Just one more dishonest way to declare TrumpO’s economy better than Obama’s knowing full well that overall it is not.

Comparing Q1 2011 to Q1 2019 is a meaningless analysis of the data. Economic growth does not repeat itself in a chronological pattern.

Just one more dishonest way to declare TrumpO’s economy better than Obama’s knowing full well that overall it is not.

Overall it is. Look at average GDP growth, average unemployment, wage growth, stock market.
Just admit it, Obama's recovery was weak. The weakest recovery since WWII.

 

[NotfooledbyW]

Manonthestreet, post: 22281455

YOu mean the lies of the FED...….. big miss

Do you even read what you are responding to?

 

[Deplorable Yankee]

uh oh batten down the hatches and don't forget to vote Bernie to relieve bourgeois from the sadz guilty feelz

 

[NotfooledbyW]

I'm raising the bullshit flag. "Economists" have been saying stuff like that ever since the day he declared his candidacy...

Trump economy: False predictions from the left

What will you say six weeks from now TrumpOroid?

April sucked and forecasts for Q2 GDP are tanking. It’s the exact opposite of Q1 forecasting.

JP Morgan slashes second-quarter GDP forecast to just 1%

• J.P. Morgan economists said they now see much slower second-quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first quarter.
  
  "The April durable goods report was bad, particularly the details relating to capital goods orders and shipments. Coming on the heels of last week's crummy April retail sales report, it suggests second quarter activity growth is sharply downshifting from the first quarter pace," the economists wrote.
  
  The Atlanta Fed's GDP Now tracker has GDP growth for the first quarter at 1.3% for the quarter.

TrumpOroids need TrumpO to sustain a GDP for Q2 above 3% in order for TrumpO to beat Obama’s record one annual GDP growth.

Not looking good got the Great White MAGA Hopesters to get their economic miracle outta TrumpO.

The April durable goods report was bad,

 

[NotfooledbyW]

Where's the recession we we're promised at beginning of thread

No one is promised a recession:

GDP Crash: Goldman, Atlanta & NY Feds See Q1 GDP Tumble Below 1%

The Atlanta FED a week ago had their forecast at 2.8. They steadily upgrade as numbers come in.

And one quarter of forecast does not a recession make.

Quit with the melodrama and lies.

YOu mean the lies of the FED...….. big miss …...

TrumoOroids won’t be too mouthy in a couple of months.

April sucked and forecasts for Q2 GDP are tanking. It’s the exact opposite of Q1 forecasting.

JP Morgan slashes second-quarter GDP forecast to just 1%

• J.P. Morgan economists said they now see much slower second-quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first quarter.
  
  "The April durable goods report was bad, particularly the details relating to capital goods orders and shipments. Coming on the heels of last week's crummy April retail sales report, it suggests second quarter activity growth is sharply downshifting from the first quarter pace," the economists wrote.
  
  The Atlanta Fed's GDP Now tracker has GDP growth for the first quarter at 1.3% for the quarter.

TrumpOroids need TrumpO to sustain a GDP for Q2 above 3% in order for TrumpO to beat Obama’s record one annual GDP growth.

Not looking good got the Great White MAGA Hopesters to get their economic miracle outta TrumpO.

The April durable goods report was bad,