Atlanta Fed Sees GDP Rocketing to 5.4% in First Quarter

SteveM said:
I'm willing to bet $10,000 that we get a GDP print below 5.4% for Q1 2018. Let me know if there is anyone who wants to take the over on this bet.

Edit: I'm not joking about this - I will arrange the bet on a secure betting site if anyone is interested.
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LOL, like i said earlier, the Atlanta fed has been notoriously inaccurate so im not holding my breath on this one, but it would be incredibly funny if it did happen. :D

If i had to guess though i think it comes in over 4%........ youd have to give me odds on that but bookmark it and look back, i think we come in over 4, theres going to be added growth in 2 of the biggest states in the country after the hurricanes plus the carryover from a strong christmas season plus tax cuts...... Id be surprised if this quarter isnt over 4%.
 
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Can you imagine a 5% print? And the Fed still has "emergency measures" in place and is concerned about the pace of hiking? What a bunch of clowns.
 
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Republicans hate prosperity.
 
"JP Morgan slashes GDP estimate to 2.5% after 'hotter than Hades' inflation report"

  • The bank's chief U.S. economist says the Labor Department's "scorching" core consumer price index means an emboldened Federal Reserve.
  • "While it is still early going, we are taking down our outlook for first-quarter gross domestic product from 3.0 percent to 2.5 percent," economist Michael Feroli says.
  • The economist says core CPI posted a 0.349 percent monthly gain, its largest month-over-month rise since 2005.
https://www.cnbc.com/2018/02/14/jp-morgan-lowers-gdp-estimate.html
 
SteveM said:
"JP Morgan slashes GDP estimate to 2.5% after 'hotter than Hades' inflation report"

  • The bank's chief U.S. economist says the Labor Department's "scorching" core consumer price index means an emboldened Federal Reserve.
  • "While it is still early going, we are taking down our outlook for first-quarter gross domestic product from 3.0 percent to 2.5 percent," economist Michael Feroli says.
  • The economist says core CPI posted a 0.349 percent monthly gain, its largest month-over-month rise since 2005.
https://www.cnbc.com/2018/02/14/jp-morgan-lowers-gdp-estimate.html
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This is the story a lot of people are in denial of but it won’t be funny when that inflation hits, then takes off.
 
Max E. said:
LOL, like i said earlier, the Atlanta fed has been notoriously inaccurate so im not holding my breath on this one, but it would be incredibly funny if it did happen. :D

If i had to guess though i think it comes in over 4%........ youd have to give me odds on that but bookmark it and look back, i think we come in over 4, theres going to be added growth in 2 of the biggest states in the country after the hurricanes plus the carryover from a strong christmas season plus tax cuts...... Id be surprised if this quarter isnt over 4%.
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Then why didn't you say that in your post instead of posting irrelevant deflection about Reagan and Obama?
 
SteveM said:
That didn't take long...

"The Atlanta Fed GDPNow estimate for 1Q GDP has fallen to 4.0% from 5.4% at the last reading"

http://www.forexlive.com/news/!/atlanta-fed-gdpnow-comes-back-down-toward-reality-20180206
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That was the quickest end to a Breitbart circlejerk on this forum! The second best is when these nimrods posted a fake paper calling it peer reviewed.

jem said:
the left is going to have to find a way to stop this.
It makes me wish I had not put the trolls on ignore...
So let me say...
Obama did no do this. he had 8 years.
The fed did not do this...
govt spending did not do this.


deregulation, tax cuts and a business friendly govt unleashes business' ability to grow the economy.



http://www.breitbart.com/big-govern...a-fed-sees-gdp-rocketing-5-4-n-first-quarter/
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Left this left that. Hahahahha. How is the unleashing now?
 
exGOPer said:
That was the quickest end to a Breitbart circlejerk on this forum! The second best is when these nimrods posted a fake paper calling it peer reviewed.



Left this left that. Hahahahha. How is the unleashing now?
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Google search must have hacked the Atlanta Fed Number to make Breitbart look bad.
 
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