On the Atlanta Fed GDP model, latest numbers appear to suggest something else is going on beyond a Q1 imports surge
Reposted from
Aaron Sojourner
Crazy, that forecast is falling off a cliff.
The drop on Friday was net exports & personal consumption expenditures (PCE).
Today's drop is more bad news re PCE, residential investment, and equipment.
It ain't a change in Government Spending driving it.
www.atlantafed.org/cqer/researc...
The drop on Friday was net exports & personal consumption expenditures (PCE).
Today's drop is more bad news re PCE, residential investment, and equipment.
It ain't a change in Government Spending driving it.
www.atlantafed.org/cqer/researc...
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