The Atlanta Fed just slashed its Q1 GDP growth estimate from +3.9% to -1.5% in just four weeks.
From boom to bust in record time.
Discussion
Just shows how GDP is fake and relies on government spending aka money printing
Thanks Trump 🤣
Around 17% of GDP is government spending. Reducing government spending reduces GDP. Many people see this as a sign of economic weakness, but, to the extent that the government isn't doing anything productive anyway, it is actually strength. The money the government would have wasted can be invested productively to improve GDP in the future. This is why GDP is a bullshit measurement that gives a distorted view of economic reality.
That was quick!!
Are you tired of winning yet??