Atlanta Fed Forecasts GDP Contraction
- Thread starter NoleATL
- Start date
Now the forecast is -2.8%. It’s what the Republicans voted for.
Your country ruled by Republicans, any questions?
for the last 2 GOP presidents, the economic calamity came at the end of their terms...getting things in gear right away i guess
By what logic do you hold the president responsible for the Tech Bubble popping, the Housing Bubble popping, or the COVID shutdowns cratering global employment?
Just your normal 7 percent drop in forecasted GDP due to incompetence at best, treason at worst. Nothing unusual, happens all the time.
Let it burn.
Let it burn.
How long does Musk stick around after we officially tank? He doesn't strike me as a captain willing to go down with the ship type.
It's an artifact of how the running estimate works
Companies overbought in advance of tariffs, and that is showing up as a contraction.
Thus, it won't be as "bad" as this realtime metric indicates. But it is also not "positive" news.
He will, at some point, take a victory lap on DOGE and continue to get tons of government money for Starlink and his other shit.
I've followed their forecasts for years. It's been around for quite a while.
They don't do much. It's not a bad thing that they're not out there trying to grab headlines like the Dallas Fed or St. Louis Fed
Maybe it is because they don't typically predict +4% and then revise to -2.8% 70 days later. It is very sobering and a sign much the new administration is ****ing things up.
We knew Biden admin were cooking the books. Even the power of the democratic party propaganda machine couldn't convince America that the economy was great prior to the election. This is on Biden, not Trump.
So, let's say you're correct. I don't remember the past numbers being that much inflated to make much of a difference now?
It makes me chuckle that Trump ran on lowering prices for every day Americans because "Biden ****ed it up" so bad and since he's been in office he's renamed the Gulf of Mexico, made English the official language of the US, fired thousands of middle class folks, tanked the economy/started a trade war and joined Russia's side. All within a couple months.
America is almost great again!
Of course!
How come I didn’t see this, I will never know! Thank you Hawk 82 for sharing your insight!
Joe’s fault…Joe’s fault…. Just remember “Joe’s fault!”
It is not a "frequent" event that an administration announces 25% tariffs.
This predictor metric is sensitive to certain types of inputs; imports being one of them, and companies scrambled to import much more than they needed once those tariffs seemed to be a coming reality.
How much more? You could be correct, but companies maybe didn't want to import that much more than usual for fear of a recession for the next 12-18 months.
You can feel free to check with me anytime you want the truth.Of course!
How come I didn’t see this, I will never know! Thank you Hawk 82 for sharing your insight!
Joe’s fault…Joe’s fault…. Just remember “Joe’s fault!”
