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

Discussion in 'Economy' started by McRocket, Mar 1, 2019.

  1. Manonthestreet
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    Manonthestreet Platinum Member Gold Supporting Member Supporting Member

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    YOu mean the lies of the FED...….. big miss …...
     
  2. Manonthestreet
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    Manonthestreet Platinum Member Gold Supporting Member Supporting Member

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    Werent we promised a market crash too last yr...…..
     
  3. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    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.
     
    • Agree Agree x 1
  4. NotfooledbyW
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    NotfooledbyW Gold Member

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    Manonthestreet, post: 22281455
    Do you even read what you are responding to?
     
  5. Deplorable Yankee
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    Deplorable Yankee Gold Member

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    uh oh batten down the hatches and don't forget to vote Bernie to relieve bourgeois from the sadz guilty feelz
     
    • Funny and Agree!! Funny and Agree!! x 1
  6. NotfooledbyW
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    NotfooledbyW Gold Member

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    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,
     
  7. NotfooledbyW
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    NotfooledbyW Gold Member

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    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,
     

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