Tomconroy
Tomconroy's JournalGeorge M. Cohan Medley - Joel Grey
George Washington has taken over the airports!
https://twitter.com/BeschlossDC/status/1542987612029435906Celebrating a close friend's retirement.
Older bartender. Fab overflowing martini. Good Times.
Atlanta Fed GDP tracker shows the economy is likely in recession.
A Federal Reserve tracker of economic growth is pointing to an increased chance that the U.S. economy has entered a recession.
Most Wall Street economists have been pointing to an increased chance of negative growth ahead, but figure it wont come until at least 2023.
However, the Atlanta Feds GDPNow measure, which tracks economic data in real time and adjusts continuously, sees second-quarter output contracting by 2.1%. Coupled with the first-quarters decline of 1.6%, that would fit the technical definition of recession.
GDPNow has a strong track record, and the closer we get to July 28ths release [of the initial Q2 GDP estimate] the more accurate it becomes, wrote Nicholas Colas, co-founder of DataTrek Research.
https://www.cnbc.com/2022/07/01/atlanta-fed-gdp-tracker-shows-the-us-economy-is-likely-in-a-recession.html
Hey Fed! Stop raising rates, you jerks.
Profile Information
Name: Tom ConroyGender: Male
Home country: USA
Current location: Langley, Virginia
Member since: Sat Mar 6, 2021, 08:56 PM
Number of posts: 7,611