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American Economics Thread
- Thread starter Bernard
- Start date
Very insightful piece from the wsj. NOT!!!
I would be embarrassed but apparently wsj is not.
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Deleted member 15949
Guest
I'm begging you to learn the difference between Q/Q SAAR and Y/Y areno chance.
first half China 12.7%, US 6.4%, second half maybe China 6%, US 4%
wow, you are really knowledgeable man, it seems you know everything in the world, really impressive!I'm begging you to learn the difference between Q/Q SAAR and Y/Y are
check it out, two months ago, Goldman Sachs forecasted US GDP in Q2 would grew 10% on Q/Q SAAR base.
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Deleted member 15949
Guest
The US had faster Q/Q SAAR in 2Q2021wow, you are really knowledgeable man, it seems you know everything in the world, really impressive!
check it out, two months ago, Goldman Sachs forecasted US GDP in Q2 would grew 10% on Q/Q SAAR base.
there's a word called recovery, it has fully recovered now, from Q3 on we'll see real growth. it's unlikely to be significantly higher than 1% Q/Q, stay around, we'll find out later.The US had faster Q/Q SAAR in 2Q2021
D
Deleted member 15949
Guest
there's a word called recovery, it has fully recovered now, from Q3 on we'll see real growth. it's unlikely to be significantly higher than 1% Q/Q, stay around, we'll find out later.
to be fair, GDPNow is a relatively reliable forecaster, but it has been biased on the up side since the pandemic. it uses components forecasting to forecast, you need to wait till oct to get a close forecast.
America is now in the ultimate dillema. The growing inflation is starting to bite in its consumption based economy. Consumption accounts for more than 70% of GDP. So they need to tighten monetary policy to fight inflation. But that will in turn burst the massive asset bubble's in the stock, bond and real estate markets. The stock market capitalization alone is worth about 55 trillion dollars or more than 220% of GDP.
Its a case of your damned if you do and your damned if you don't.
Its a case of your damned if you do and your damned if you don't.