The Economy Has Not Recovered And Is Again On Its Way Down

The first quarter GDP will be negative unless the figure is again manipulated and faked.

I am looking at two charts. One is the Federal Reserve Bank of Atlanta’s forecast. During the past 30 days, the Atlanta Fed’s forecast has dropped from 2.3% first quarter growth to 0.3 percent.

The other chart is the Blue Chip consensus. This is Wall Street’s forecast used to market financial products. It is a sales device and nothing more. This forecast as of March 6 is 2.4 percent.

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