OFF THE CHAIN GROWTH!!!: Atlanta Fed Estimates 4.8% 2nd Quarter GDP Forecast

[polychronopolous]

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.8 percent on June 1, up from 4.7 percent on May 31," the Federal Reserve Bank of Atlanta said in its latest GDPNow report.

"The nowcasts for second-quarter real consumer spending growth and second-quarter real private fixed investment growth increased from 3.4 percent and 4.6 percent, respectively, to 3.5 percent and 5.4 percent, respectively, after the employment report from the U.S. Bureau of Labor Statistics, the construction spending report from the U.S. Census Bureau, and the Manufacturing ISM Report On Business from the Institute for Supply Management were released this morning," the report read.

https://www.fxstreet.com/news/atlanta-fed-revises-gdpnow-up-to-48-for-q2-201806011605

[Coach is Back!]

It's Marxism - Conker

[polychronopolous]

It's Marxism - Conker

That dopey guy with the market crash thread might have to delay his prediction a few years, eh Joe?

[Soul Crusher]

That dopey guy with the market crash thread might have to delay his prediction a few years, eh Joe?

And krugman.   Ha ha ha ha. 

[chaos]

But he says mean things!!!

[IroNat]

"You just wait...the sky will fall any minute." -- Chicken Little