re: Often-touted Atlanta Fed GDPNow projection has some bad news for 3Q

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it's rly not

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Well you sure got them.

Besides, unless tax reform happens or we get some aggregate demand or aggregate supply (tax reform helps with both of these) increases through various measures, don't expect to see any real changes to the 2% growth. Look at what real potential GDP is for our economy right now. It certainly isn't increasing by 3% per year.

Now, the real questions to consider are: what are the causal mechanisms for that growth or will we slump into a recession in the next year or two?