The reason for Goldman's erroneous forecast and the unexpected "boost" in US economic growth is because Dept of Commerce head Gina Raimondo, the same person who one month ago told ABC that she was unfamiliar with the Bureau of Labor (which had just slashed historical US jobs by over 800K) and one of the most political operatives of the Biden admin, decided to drastically revise the two most important data sets propping up the US economy: personal income and personal spending.
Was this Mark Cuban's idea? Haha
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74 sats \ 0 replies \ @freetx 4h
A spreadsheet economy
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Its almost becoming as bad as chinas data.
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