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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/re

• 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.