by Oops! Down to 1.2% projected for Q4…. Let’s see if the MMT people repost this one … (Tip: don’t hold your breath waiting doesn’t fit the Democrat narrative).On November 1, the initial #GDPNow model nowcast of real GDP growth in Q4 2023 is 1.2%. https://t.co/OnYxN0CQUF #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/ISzNblWfFW pic.twitter.com/u9CweBwBaD— Atlanta Fed (@AtlantaFed) November 1, 2023 Hard to see how a few 0B of additional free interest munnie paid to people who probably have zero propensity to spend it is somehow going to create this wonderful economy after same said rate increases destroy over half a T of bank capital… 🤔Atlanta Fed was fairly prescient in Q3 and was bumping up their 3Q GDP Nowcast most of 3Q
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Oops! Down to 1.2% projected for Q4…. Let’s see if the MMT people repost this one … (Tip: don’t hold your breath waiting doesn’t fit the Democrat narrative).
On November 1, the initial #GDPNow model nowcast of real GDP growth in Q4 2023 is 1.2%. https://t.co/OnYxN0CQUF #ATLFedResearch
Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/ISzNblWfFW pic.twitter.com/u9CweBwBaD
— Atlanta Fed (@AtlantaFed) November 1, 2023
Hard to see how a few $100B of additional free interest munnie paid to people who probably have zero propensity to spend it is somehow going to create this wonderful economy after same said rate increases destroy over half a $1T of bank capital… 🤔
Atlanta Fed was fairly prescient in Q3 and was bumping up their 3Q GDP Nowcast most of 3Q coming out pretty close when all was said and done for Q3 …… going to have to see if this happens again in Q4 … but they are now starting from a pretty shitty +1.2%