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The first quarter is on track for negative GDP growth, Atlanta Fed says

25 points by noleary 2y ago

bobongo 2y ago
[flagged]
- deleted 2y ago
  [deleted]
mikeyouse 2y ago
The chart accompanying their updated forecast is one of the most stark economic images I’ve ever seen I think: https://www.atlantafed.org/-/media/Images/cqer/research/gdpnow/gdpnow-forecast-evolution.gif https://www.atlantafed.org/-/media/Images/cqer/research/gdpn... How has nobody priced in the cost of all this mayhem before now?
- defrost 2y ago
  Errrr .. 'yes' .. but it was then justified by asserting that omelettes would follow. The eggs being broken today aren't as cheap as they once were.
- PeterCorless 2y ago
  Yeah. This is going to be bad. This retraction is driven by the stark drop-off in consumer sentiment. Intelligent billionaires like Buffet, etc., take that into consideration. You know, all that big-brained macroeconomy thing, like IS-LM curves. Grown-up stuff of real economists. Too-cool-for-school sociopathic Pepe avatar tech dudebros don't know how the actual economy works, and worse, don't care. World Beware.
roughly 2y ago
Uncertainty is Bad for the economy. Right now the regulatory picture is a total question mark (tariffs! Unless not.), and the slash-and-burn approach DOGE is taking to the feds is leaving everyone sitting on their hands as one of the largest individual actors in the economy commits to not spending even the money they said they were going to spend. Maybe there’s some increased certainty as the picture becomes clearer as the year goes on, maybe we get some clarity from the courts about what’s allowed and what’s not, but this administration has come in and just absolutely upended federal policy and federal spending (and single-handedly added a couple points to unemployment), so of course everyone’s sitting on their hands and holding onto their cash. I’m doing the same.
deleted 2y ago
[deleted]
jerlam 2y ago
Musk predicted this before the election: "hardship, economic turmoil and a stock-market crash if Trump wins" https://www.marketwatch.com/story/kaboom-elon-musk-predicts-hardship-economic-turmoil-and-a-stock-market-crash-if-trump-wins-20483008 https://www.marketwatch.com/story/kaboom-elon-musk-predicts-...

25 points by noleary 2y ago

bobongo 2y ago

[flagged]

deleted 2y ago
[deleted]

mikeyouse 2y ago

The chart accompanying their updated forecast is one of the most stark economic images I’ve ever seen I think: https://www.atlantafed.org/-/media/Images/cqer/research/gdpnow/gdpnow-forecast-evolution.gif https://www.atlantafed.org/-/media/Images/cqer/research/gdpn... How has nobody priced in the cost of all this mayhem before now?

defrost 2y ago
Errrr .. 'yes' .. but it was then justified by asserting that omelettes would follow. The eggs being broken today aren't as cheap as they once were.
PeterCorless 2y ago
Yeah. This is going to be bad. This retraction is driven by the stark drop-off in consumer sentiment. Intelligent billionaires like Buffet, etc., take that into consideration. You know, all that big-brained macroeconomy thing, like IS-LM curves. Grown-up stuff of real economists. Too-cool-for-school sociopathic Pepe avatar tech dudebros don't know how the actual economy works, and worse, don't care. World Beware.

roughly 2y ago

Uncertainty is Bad for the economy. Right now the regulatory picture is a total question mark (tariffs! Unless not.), and the slash-and-burn approach DOGE is taking to the feds is leaving everyone sitting on their hands as one of the largest individual actors in the economy commits to not spending even the money they said they were going to spend. Maybe there’s some increased certainty as the picture becomes clearer as the year goes on, maybe we get some clarity from the courts about what’s allowed and what’s not, but this administration has come in and just absolutely upended federal policy and federal spending (and single-handedly added a couple points to unemployment), so of course everyone’s sitting on their hands and holding onto their cash. I’m doing the same.

deleted 2y ago

[deleted]

jerlam 2y ago

Musk predicted this before the election: "hardship, economic turmoil and a stock-market crash if Trump wins" https://www.marketwatch.com/story/kaboom-elon-musk-predicts-hardship-economic-turmoil-and-a-stock-market-crash-if-trump-wins-20483008 https://www.marketwatch.com/story/kaboom-elon-musk-predicts-...