Just a Thought

jmk

The smartest people in the room are pondering, figuring, guessing, and mulling over the second quarter GDP numbers. 

For a point of reference first quarter GDP was announced at 1% to the positive, then quietly revised downward to -2.9%.

If a consensus of The Council of Economic Advisors misses Q2 GDP by as much as they did Q1, but in the opposite direction it would result in a growth rate of 7.0%.

See how this consensus in science works??

 

 

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s