Atlanta Fed Sees GDP Rocketing to 5.4% in First Quarter
- Thread starter jem
- Start date
that looks like a new argument from you and its one I have been making or a long time.
Govt policies and the FED printing trillons of dollars (and thereby causing massive inflation) has wrecked median family income and hard working americans.
I am surprised the graph is not lower due to the fact we have also imported 40 million americans and probably another 20 to 30 million illegals. ( Many of whom have kept wages down for the average american.)
Tax cuts would help median income type families.
I think we should eliminate all income taxes and should cap spending and FED money creation.
Instead of borrowing we just print.
If people then become disillusioned with inflation prior to coming into balance we then can have a serious govt with serious discussions about how justly allocate or resources. not this assholish 1.3 trillon dollar piece of crap.
If you are going to spend like that why bother with income taxes?
Govt policies and the FED printing trillons of dollars (and thereby causing massive inflation) has wrecked median family income and hard working americans.
I am surprised the graph is not lower due to the fact we have also imported 40 million americans and probably another 20 to 30 million illegals. ( Many of whom have kept wages down for the average american.)
Tax cuts would help median income type families.
I think we should eliminate all income taxes and should cap spending and FED money creation.
Instead of borrowing we just print.
If people then become disillusioned with inflation prior to coming into balance we then can have a serious govt with serious discussions about how justly allocate or resources. not this assholish 1.3 trillon dollar piece of crap.
If you are going to spend like that why bother with income taxes?
He he he. Krugman and I are fellow Dummys.
|Reagan|
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How lowwww can you go?
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https://seekingalpha.com/news/3345845-gdpnow-cuts-q1-growth-outlook-less-2-percent
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- The Atlanta Fed tracker now sees 1.9% GDP growth for Q1, down from 2% early last week. This morning's retail sales number was responsible for the small trim.
- GDPNow two months ago was seeing Q1 growth north of 4%. The Blue Chip consensus forecast has also been in a downtrend, now seeing about 2.1% growth.
https://seekingalpha.com/news/3345845-gdpnow-cuts-q1-growth-outlook-less-2-percent
here we go again...
https://www.frbatlanta.org/cqer/research/gdpnow.aspx
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis.
GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model.
Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet.
Latest forecast: 4.8 percent — June 1, 2018
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some may knows this some may if I were working at the FED making forecasts and I was not a Board Governor I would not be a government worker. Employees of the FED are private sector employees.
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by the way piezoe... i looked at your graph again. Imagine what that would look like if they used a higher inflation number.
https://www.frbatlanta.org/cqer/research/gdpnow.aspx
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis.
GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model.
Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet.
Latest forecast: 4.8 percent — June 1, 2018
---
some may knows this some may if I were working at the FED making forecasts and I was not a Board Governor I would not be a government worker. Employees of the FED are private sector employees.
--
by the way piezoe... i looked at your graph again. Imagine what that would look like if they used a higher inflation number.
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