4um: Atlanta Fed Says US Economy Suddenly On Verge Of Contraction

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Title: Atlanta Fed Says US Economy Suddenly On Verge Of Contraction
Source: [None]
URL Source: https://www.zerohedge.com/markets/a ... omy-suddenly-verge-contraction
Published: Oct 19, 2021
Author: Tyler Durden
Post Date: 2021-10-19 15:17:27 by Horse
Keywords: None
Views: 55
Comments: 3

The Atlanta Fed slashed its estimate for real GDP growth in the third quarter of 2021 to just 0.5%, down from 1.2% on October 15, from 6% about two months ago, and down from 14% back in May.

Poster Comment:
SEE CHART. Real GDP growth is worse than that as the real inflation rate is 13%.(1 image)
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#1. To: Horse, 4um (#0)
Real GDP growth is worse than that as the real inflation rate is 13%.

Probably more along the lines of 25-50%. I haven't been watching that too closely. Off the cuff with a little Kentucky windage thrown in. Should shake-out on the high end of that range if anybody decides to stop lying.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso posted on 2021-10-19 15:27:32 ET Reply Trace Private Reply
#2. To: Horse (#0)
Suddenly? this economy's arse-hole has been puckering since 20 January!
“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken
Lod posted on 2021-10-19 15:57:15 ET Reply Trace Private Reply
#3. To: Lod (#2)
this economy's arse-hole has been puckering since 20 January!

Goddamn Trump. :P
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso posted on 2021-10-19 16:07:30 ET Reply Trace Private Reply
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