Atlanta Fed is now projecting Q1 GDP -1.5%. Last week it was +2.3%. 4 weeks ago it was +3.9%
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51 sats \ 0 replies \ @Undisciplined 28 Feb
Let's see if they're as bad at predicting recessions as they have been at postdicting them.
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41 sats \ 0 replies \ @denlillaapan 28 Feb
wow, that's a massive shift. JEEEZ
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24 sats \ 6 replies \ @justin_shocknet 28 Feb
Classic tale of the sword cuts both ways...
When you count government spending towards GDP, to make it looks like it's growing when you launder money, cessation of said laundering causes the GDP to go down. Sad!
This is why the DOGE UBI has to happen, in the short term anyway to maintain some velocity. Since fiat is a ponzi scheme, cutting spending will cause a deflationary spiral otherwise.
Longer term they'll have to monetize the debt, but since the Fed is based on debt they can't do it as they always have... and we know Trump is a Jacksonian on a mission to End The Fed.
Enter the stablecoin industrial complex, a means of converting treasuries into currency without the globalists central bank, and remanding monetary policy back to the US Treasury.
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0 sats \ 1 reply \ @fiatbad 1 Mar
Yup, well said.
I feel like most of us here understand these points better than Trump, Elon, and team.
They thought they could just cut spending and things would get better. They didn't realize they were dealing with a literal Ponzi scheme that cannot shrink without dire consequences.
Will this cause them to finally take a closer look at Bitcoin?
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0 sats \ 0 replies \ @justin_shocknet 1 Mar
That's counter to my take, Trump understands this all perfectly, he's an Economist and Jacksonian... even Elon has been throwing down some econ 101...
These guys have far more knowledge than they can let on, classified O-Plans, partnerships with other heads of state, financial institutions etc... they cant just blurt out what the plan is anymore than you go for the king the first move in a game of chess
They've proven by now there is a plan and Bitcoin is part of it, so long popcorn.
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0 sats \ 3 replies \ @zuspotirko OP 28 Feb
the what
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36 sats \ 2 replies \ @justin_shocknet 28 Feb
#891815
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0 sats \ 1 reply \ @zuspotirko OP 28 Feb
I ... I was unaware
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0 sats \ 0 replies \ @justin_shocknet 28 Feb
That was obvious from your shit euro takes, it's alright though Trump hinted at the UK becoming a state yesterday, as predicted. You'll be ok.
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22 sats \ 0 replies \ @freetx 28 Feb
BRRRRRRRRR........
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0 sats \ 0 replies \ @Bell_curve 28 Feb
hopefully inflation will get under 2 percent with a short recession
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0 sats \ 0 replies \ @nitter 28 Feb bot
https://xcancel.com/AtlantaFed/status/1895508046215852476
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