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RE: Atlanta Fed GDP Forecast Plunges Below Consensus, Growth Halved In A Month

in #fed7 years ago (edited)

Once you look beneath the surface of this GDP prediction, it’s very easy to see how they rigged it before this report of 2.6%, to use Donald Trump’s expression. Not that it’s some kind of a conspiracy, but look at these numbers, there was a spike in exports. This the biggest gain in exports in recent years. It’s not in manufactured products that we’re exporting, where you’ve got some high-paying jobs. The other factor that really boosted the GDP, was a big boost in inventories. I’m not sure where that came from. Is it that retailers are just stocking up early for the Summer season? I think retailers are overestimating the ability of Americans to go shopping this Summer season. As much as they want to buy stuff they can’t afford, they can’t afford it so much that they can’t even do it.