The Atlanta Fed, at the last second, turned out to be spot on:
Not too hot, not too cold. For now it's a Goldilocks economy.
8 thoughts on “GDP grows 2.3% in final quarter of 2024”
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Cats, charts, and politics
Cats, charts, and politics
The Atlanta Fed, at the last second, turned out to be spot on:
Not too hot, not too cold. For now it's a Goldilocks economy.
Comments are closed.
Something is not predictive if its predictions are off until the last moment. This is like the claims that prediction markets are better than polls, claims that typically compare the prediction market value on the evening of the election to polls in the weeks leading up to the election. When the prediction market values have been all over the place in the weeks leading up to the election.
Seeing as GDP in Q1 is usually lower than Q4 and taking into account the economic effects of the wildfires in the Los Angeles metro area with all of the deportations and the expected tariffs, come April 30th, perhaps we'll be worrying about stagflation, yes? 👋
Yes.
Yes...until the Trump recession.
There will be no Trump recession. Trump will threaten to sue any media outlet that claims there's a recession on and they'll immediate settle and beg forgiveness. Sacks of shit have more spine than the MSM and social media companies these days.
Looks like a solid B+ for Bidenonomics.
I imagine some of the GDP reduction is due to his half baked economic policies. I, myself, am deferring purchasing my retirement home because mortgage rates have INCREASED since late September.
Trump's chaos is starting to hurt the economy.