Q2 GDP predicted to soar to +4.6%

It would be higher than that if Trump wasn't doing illegal things. This is obviously the result of Biden policies

-lead resident of the nuthouse (aka an ordinary democrat)

It's the Atlanta fed, which means the estimate is almost certainly wrong. Just depends on which way.

They'll say it is a reversal of whatever it was that I didn't understand about inventories making the 1st qtr number a negative.

Either way, that would stop their masturbating over a possible recession mid stroke.

That's pretty strong, isn't it?

Probably a big factor to the GDP number will be a lot less imports next quarter.

I was wondering when this was going to be discussed. I wonder if it’s possible to grow ourselves out of deficit spending.

We just have to win the executive and legislative branches each election for the next 20 years.

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And if it was a negative report for the Trump administration- you would declare that it was the most accurate report ever printed in the history of our country

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No, I'd still say the Atlanta fed sucks at forecasting because they do.

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Q2 GDP predicted to soar to +4.6%

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Yeah, that's not happening.

Q1 may have been skewed downward due to sellers panic-buying to horde wares before the OMG-TARIFFS!!! started, but the fact is that the economy has been slowing regardless. Initial jobs claims have remained somewhat stead since 2022, but continued claims have been slowly climbing.

We're starting to see the cracks widen in the various debt categories with student loans leading the way. Because so many consumers are completely dependent on debt to stay afloat (~1/3 of all consumers have more credit card debt than they do savings), as access to credit wanes and/or gets more expensive, we're going to see the economy continue to slow down.

All that said, Q2 isn't likely to be negative, but it's not going to be 4.6%.

I mean its crazy. If there was only one part of the POTUS duties that Trump is going to win with, its the economy. That is his baby and he will do whatever it takes to make it shine. Its what made him popular in the first place.