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RE: Atlanta Fed GDP Forecast Plunges Below Consensus, Growth Halved In A Month
No joy in mudville?
Forecasting is tough and GDP is really a dated stat. It is what is so used so for comparison purposes, maybe it is worth something.
That said, while the MSM wants to tout how things are on fire, I simply do not see it. Companies at the upper end (mega corps) are doing well but small businesses...struggling.
Plus, we know the average person isnt taking home more money...in fact, they are probably falling further behind since medical costs, at leas tin the US, exploded.
This is something that few want to discuss. There is a separation of the ones enjoying this "real growth" and those who are not.
The entire boom period is nothing but easy and cheap money fueled.