[frogjerk]

I was going to post the .5% prediction last night but since the number was coming out today I didn't. The real joke is where the Atlanta FED predicted the 3rd Quarter GDP around just two weeks ago- 2.75% Growth! - WHAT ARE THEY SMOKING?! Because it has worn off rather quickly.

The chart looks like Biden falling off his bike.

[packagingguy]

“WHAT ARE THEY SMOKING?!”

They got into Hunter’s stash.

[ConservativeInPA]

The real joke is where the Atlanta FED predicted the 3rd Quarter GDP around just two weeks ago- 2.75% Growth!

Not to sound like a defender of the Fed, but … They update the GDPNow estimate based on economic reports. So two weeks ago they didn’t have all of the economic reports that they have today. Today’s was housing starts.

[Robert A Cook PE]

I was going to post the .5% prediction last night but since the number was coming out today I didn't. The real joke is where the Atlanta FED predicted the 3rd Quarter GDP around just two weeks ago- 2.75% Growth! - WHAT ARE THEY SMOKING?! Because it has worn off rather quickly.

Yes. “They are advertising” this number today as a 0.3 “growth” (down from the previously released 0.5 “growth”).

First.

This permits a “SEE, WE TOLD YOU THERE WAS NO RECESSION” for 4 more weeks between today (late September) and the “Final 3rd quarter numbers” (released just before the election in November. )

Then, when the “actual numbers” are released in October as ANOTHER POSITIVE QUARTER” of perhaps an anemic 0.1 or 0.15% “growth” there will be much applause and plaudits from Biden's massed news media.

Then, when the revised-revised numbers for Quarter 3 come out in December or January, the TRUE NEGATIVE growth that we all know is the actual case! will be blamed on the Republican Congress elected in November.