iBankCoin

BOOM: GDPNow Ups U.S. GDP Growth for Q1 to 0.4%

Thanks to the latest housing and durable goods data, the Atlanta Fed’s GDPNow model is forecasting red hot economic growth for the first quarter of 2016 of 0.4%, up from a paltry 0.3%

No wonder why the Fed is so worried about rapid runaway inflation.

Giddy up!

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5 comments

  1. Marc David

    Wow… It’s like a rocket. Not sure I’m able to hang on

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    • btn

      Let’s not forget that the quarterly GDPs are given on an annual rate, so actual 3-month increase is 0.1%, probably within the margin for error…

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  2. zephler

    $VHC is currently trending on Stocktwits – makes me think – what has the Devil been up to lately Fly? Any picks by him?

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  3. DaJuice

    Not sure how these RSS readers work but your posts are no longer feeding through in real time; they come through in batches 5 at a time hours after you’ve posted them….lame. Probably nothing you did on your end. I guess I’ll just have to wade through your site more often now.

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    • DaJuice

      Disregard, I now see that it’s my bullshit reader Feedly, they want me to pay $65-$216 to get posts 10 to 50 times faster…

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