“according to 36 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The panel predicts real GDP will grow at an annual rate of 6.8 percent this quarter”
“The GDPNow estimate makes more sense to me, and seemingly to the bond market as well as yields plunged across the board but especially on the long end.”
…
Twofer.
Economic reality in US emerging, but what is occurring in China, even more so. Their whole house of cards (pun intended) real estate market beginning to collapse. Now, everyone just assumed Government would step in and bail out everyone so party can continue. Instead, Xi has “asked” Evergrande founder Hui to step in with HIS $billions to shore up things (at least take first loss position). How does this not put a serious chill on property market as every other rich developer has “uh oh” moment.
Well my thoughts are he would rather take the lumps now and reset than end up in similar situation the us is in.
tbergerson
2 years ago
That will add another arrow to the quiver of the Biden haters. Good.
Tony Bennett
2 years ago
“Someone is going to be hugely wrong,”
…
I always enjoy the egg on the face of “experts” when they miss (on the high side) … and in hindsight blame it on snowstorm (or whatever) … uh, weren’t you aware of storm (or whatever) when you made your forecast???
The snow storm or hurricane wouldn’t get the blame of course if they were proven right.There are always weather anomalies, every month, so always something or someone to blame.No one is ever wrong. The rare analyst that actually takes responsibility for a mistake does not get the clicks.
dbannist
2 years ago
Any recommendations on how to profit on a day trade?That’s the only thing I care about, is how to profit off the information I read here. Levered bond ETF’s are sure interesting to play with just before GDP reports are released. Also a very good way to lose a ton of money quickly if you happen to guess wrong.
Well my thoughts are he would rather take the lumps now and reset than end up in similar situation the us is in.
The snow storm or hurricane wouldn’t get the blame of course if they were proven right.There are always weather anomalies, every month, so always something or someone to blame.No one is ever wrong. The rare analyst that actually takes responsibility for a mistake does not get the clicks.