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re: 1st quarter GDP: 3.2%
Posted on 4/26/19 at 8:44 am to TigerBait1971
Posted on 4/26/19 at 8:44 am to TigerBait1971
quote:
Muh 2.4
Hey that was me lol. 3.2 is crazy unexpected, but damn if I won't take it. The media is going to pivot so fast from recession talk to "Trump is overheating the economy" haha. Exports up and imports down each by 3.7% was surprising, don't expect them to have such a spread.
quote:
Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter.
Income increases are also quite nice. I lean towards 3.2 getting revised down but as data has come in its only gone up so anybody's game on that. If we actually revise down towards the GDPNOW 2.7 that'd be fine, still a spectacular number.
This post was edited on 4/26/19 at 8:45 am
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