'Depression' Narrative Bust: Atlanta Fed 'Adjusts' Away GDP Plunge Forecast

[BudBro 183]

One month ago the world was stunned when the Atlanta Fed GDPNow forecast slashed US GDP Q1 estimates to down almost 4%.

And sure enough, having 'adjusted' for the massive surge in gold imports, The Atlanta Fed quietly revised their forecast for Q1 GDP to just a 0.1% decline...

So, no economic collapse. No financial hellscape. No 'next great depression'?

Or were The Usual Suspects attempting to manipulate a narrative once again?

rink

[weepaws 3,335]

 Musk hasn’t been on the job long enough.  

[The Psychic Observer 498]

Not entirely accurate

The Atlanta Fed GDPNow growth estimate for Q2 improved to -2.2% from -2.4% on April 9. The GPS meant adjusting for imports and exports of gold also improved to -0.1% from -0.2% last estimate.

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

[Hardcore troubadour 15,911]

24 minutes ago, BudBro said:

One month ago the world was stunned when the Atlanta Fed GDPNow forecast slashed US GDP Q1 estimates to down almost 4%.

And sure enough, having 'adjusted' for the massive surge in gold imports, The Atlanta Fed quietly revised their forecast for Q1 GDP to just a 0.1% decline...

So, no economic collapse. No financial hellscape. No 'next great depression'?

Or were The Usual Suspects attempting to manipulate a narrative once again?

rink

Good news.  Thanks. 

[jbycho 756]

1 hour ago, BudBro said:

One month ago the world was stunned when the Atlanta Fed GDPNow forecast slashed US GDP Q1 estimates to down almost 4%.

And sure enough, having 'adjusted' for the massive surge in gold imports, The Atlanta Fed quietly revised their forecast for Q1 GDP to just a 0.1% decline...

So, no economic collapse. No financial hellscape. No 'next great depression'?

Or were The Usual Suspects attempting to manipulate a narrative once again?

rink

Liberals are going to be upset. 

[weepaws 3,335]

27 minutes ago, jbycho said:

Liberals are going to be upset. 

Everyone will be.  Indeed 

[jbycho 756]

2 hours ago, BudBro said:

One month ago the world was stunned when the Atlanta Fed GDPNow forecast slashed US GDP Q1 estimates to down almost 4%.

And sure enough, having 'adjusted' for the massive surge in gold imports, The Atlanta Fed quietly revised their forecast for Q1 GDP to just a 0.1% decline...

So, no economic collapse. No financial hellscape. No 'next great depression'?

Or were The Usual Suspects attempting to manipulate a narrative once again?

rink