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> Why would GDP(a lagging indicator) and a current event(a wave of banks over the last two week) be mutually exclusive? Exactly. Jeff Snyder pointed out that f
by christophilus 4y ago
> Why would GDP(a lagging indicator) and a current event(a wave of banks over the last two week) be mutually exclusive?
Exactly. Jeff Snyder pointed out that folks were puzzled over this exact thing in the 08-09 timeframe. And in fact, Janet Yellen talked about why it wasn’t a contradiction. She seems to have forgotten her own analysis, though.