Bessent should accelerate dropping the metric in the dust.

He really needs to work on his messaging about this. Blaming Biden is straight retarded. Saying we have to make huge changes to the current paradigm and with that will come some economic ramifications (or something along those lines)

Where are all the Atlanta Fed GDPNow alarmists today? I thought it was going to be -3%? Maybe they missed a decimal point. They always mess up some mundane detail

Is this good or bad news? 🤔

Does this take into consideration fluctuations in delivery of munitions to Ukraine ?

GDP is an aggregation of productive economic activity and parasitic government waste. If GDP contraction takes place due to reduction in the latter, so much the better.

😶‍🌫️

I can't believe I am asking this but, what are your thoughts on the Trump admin's claims that these are actually "good" negative numbers?

to state the obvious: Q1 is before the tariffs

After some discussion, I guess this means whatever “products” are decreasing, jobs related to those products might also go down (like with trucking, or retail). https://image.nostr.build/96fa3665c7381bf87c27ecd622f0bd23bafcf814ffac79f3ff5ba96253071483.jpg