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NewsCenter28

(1,835 posts) Fri Jul 29, 2022, 11:22 PM Jul 2022

So much for that "recession"! Atlanta Fed rolling estimate of 2.1% growth in GDP in 3rd quarter

https://www.atlantafed.org/cqer/research/gdpnow

Jake Tapper will be so sad! Quickest recession ever! Don't blink because you may have already missed it! More like, the WH was right and we never were in recession!

The Dow is also back up to nearly 33,000 as of tonight also! Wait for what I am sure will be a blockbuster jobs report a week from today also!

8 replies

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So much for that "recession"! Atlanta Fed rolling estimate of 2.1% growth in GDP in 3rd quarter (Original Post) NewsCenter28 Jul 2022 OP

OMG! Inflation!!! regnaD kciN Jul 2022 #1

Tapper and others love to hype the COMING inflation. brush Jul 2022 #2

I know right? padah513 Jul 2022 #3

GDP DallasNE Jul 2022 #4

What? Change the requirements because we don't like the results? jimfields33 Jul 2022 #5

Already Do That With Inflation DallasNE Jul 2022 #8

How accurate was their prediction of inflation and the first 2Q of the economy? MichMan Jul 2022 #6

if im reading it right is was for negative 1.2% moonshinegnomie Jul 2022 #7

regnaD kciN

(26,045 posts)

1. OMG! Inflation!!!

Reply to NewsCenter28 (Original post)

Fri Jul 29, 2022, 11:33 PM

Jul 2022

Forget about the BBB – it’s time to cut government spending!!!!!

brush

(53,896 posts)

2. Tapper and others love to hype the COMING inflation.

Reply to NewsCenter28 (Original post)

Sat Jul 30, 2022, 12:19 AM

Jul 2022

Last edited Sat Jul 30, 2022, 10:27 AM - Edit history (1)

But one of the graphs they showed, showed that the negative growth two months ago had shrunk by half one month ago.

None of them seemed to notice. It's probable that they ignore it as they rooted for the COMING inflation.

padah513

(2,506 posts)

3. I know right?

Reply to brush (Reply #2)

Sat Jul 30, 2022, 02:10 AM

Jul 2022

It's like any good news that might shine a positive light on President Biden and the Democratic party before the midterms doesn't fit their narrative.

DallasNE

(7,403 posts)

4. GDP

Reply to NewsCenter28 (Original post)

Sat Jul 30, 2022, 02:15 AM

Jul 2022

Always check what Boeing is contributing. I suspect the transportation sector is dragging the numbers down right now. And it can go both ways. There needs to be an excluding Boeing when analyzing the GDP.

jimfields33

(15,979 posts)

5. What? Change the requirements because we don't like the results?

Reply to DallasNE (Reply #4)

Sat Jul 30, 2022, 05:58 AM

Jul 2022

That doesn’t seem logical.

DallasNE

(7,403 posts)

8. Already Do That With Inflation

Reply to jimfields33 (Reply #5)

Sat Jul 30, 2022, 03:59 PM

Jul 2022

Where they put out a number that is minus food and energy.. You use both but for different purposes.

MichMan

(11,979 posts)

6. How accurate was their prediction of inflation and the first 2Q of the economy?

Reply to NewsCenter28 (Original post)

Sat Jul 30, 2022, 10:27 AM

Jul 2022

moonshinegnomie

(2,491 posts)

7. if im reading it right is was for negative 1.2%

Reply to NewsCenter28 (Original post)

Sat Jul 30, 2022, 11:05 AM

Jul 2022

The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 2.1 percent on July 29. The initial estimate of second-quarter real GDP growth released by the US Bureau of Economic Analysis on July 28 was -0.9 percent, 0.3 percentage points above the final GDPNow model nowcast released on July

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