Atlanta Fed Says US Economy Suddenly On Verge Of Contraction

Source: https://www.zerohedge.com/markets/atlanta-fed-says-us-economy-suddenly-verge-contraction
Published: Oct 19, 2021
Author: Tyler Durden
Post Date: 2021-10-19 15:17:27 by Horse
Views: 115

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%.

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#1: Esso    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.

Esso posted on 2021-10-19 15:27:32   Reply   Private Reply

#2: Lod    To: Horse (#0)

Suddenly? this economy's arse-hole has been puckering since 20 January!

Lod posted on 2021-10-19 15:57:15   Reply   Private Reply

#3: Esso    To: Lod (#2)

this economy's arse-hole has been puckering since 20 January!

Goddamn Trump. :P

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