The Atlanta Fed has, once again, revised its GDP estimates for the first quarter, now forecasting growth of just 0.4%.
The Atlanta Fed’s program initiated its first-quarter GDP forecast at 1.2 percent in early February and reached as high as 2.3 percent in March.
The regional Fed’s forecast program downgraded its GDP estimate on the slower growth in consumer spending and a drop in equipment investment following the latest data on vehicle sales and factory orders.
This is an abomination. Do investors care about this “old news” that was soooo long ago? Nope.
The Dow is off a hundred and oil stocks are barely lower.
Ignorance is bliss.
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Any thoughts on TSLA and the affect it will have on oil? Seems like a bigger movement than anyone thought. I’d put a deposit down if I could be sure I’d even have it in 3 years.
dude. TSLA has 0 affect on oil hahahaha
that was probably the funniest thing I’ve read all day.
It’s not just about TSLA. It’s about the major change it is bringing to the car industry.
https://www.thestranger.com/slog/2016/04/04/23904099/panama-papers-and-model-3
I forgot which game we are playing: are we still in “bad economy = low rates = good for stocks” or “bad economy = bad for business = bad for stocks” mode?
Bad Economy = Threat of QE = BTFD