Atlanta Fed's GDPNow model says Q1 2022 GDP growth only 0.1%

[McRocket]

'The Atlanta Federal Reserve's GDPNow forecasting model, released on Friday, is calling for 0.1% growth in the first quarter. That would be a rapid slowdown from the 6.9% annual rate of growth during the final quarter of 2021.'

https://www.msn.com/en-us/money/mar...-shrinking-this-quarter-bofa-warns/ar-AATfu4s

https://www.atlantafed.org/cqer/research/gdpnow


Uh-oh.

 

[Jack]

Is there a Plan B?

 

[McRocket]

Is there a Plan B?

Sure.

Balance the budget, remove the 'full employment' mandate from the Fed, ride out the coming recession and get back to 3-4+% GDP growth afterwards.

But that's a non-starter...too many stupid/ignorant people in America for that idea.

 

[Hawkeye10]

Buckle Up!

 

[Jack]

Sure.

Balance the budget, remove the 'full employment' mandate from the Fed, ride out the coming recession and get back to 3-4+% GDP growth afterwards.

But that's a non-starter...too many stupid/ignorant people in America for that idea.

'Balance the Budget'. That could mean RAISING Taxes not lowering them.

 

[ExpressLane]

'Balance the Budget'. That could mean RAISING Taxes not lowering them.

And not spending money like it is water. Wait water is worth more than that. But you know what I mean.