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Still just a one-off or nah? 👀

The Atlanta Fed GDPNow real #GDP estimate for 1Q 2025 is currently:

-2.4% (that's negative 2.4%, son)

OPINION:

- US economy looking a bit ugly at the moment, after leading the world to the upside for much of 2023 and 2024.

- The world ex-US is looking pretty solid, actually.

- Global assets may continue to outperform, while US-based assets may struggle for a bit.

Just my two sats. âš¡
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PiecoverBTC 10mo ago

GDP is a fake metric, it doesn't tell anything concrete about the true health of the economy, especially in coumtries where it's all bloated with government numbers.

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Arthur Morgan 10mo ago

It doesn't matter if it's fake, most of the market trades based on it and other fake metrics such as CPI. So it still affects Bitcoin.

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PiecoverBTC 10mo ago

Yeah.. It does

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Arthur Morgan 10mo ago

Not in terms of how they affect markets, at least nominally