Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US GDP Seen Rebounding 11.9% In Q3 By Atlanta Fed

Courtesy of ZeroHedge View original post here.

One day after the BEA reported that US GDP crashed an annualized 32.9% in the second quarter, the biggest drop since the great depression…

… moments ago, the Atlanta Fed published its first GDPNow "nowcast" estimate for the third quarter, which is a relatively healthy 11.9%, and follows the regional Fed's Q2 GDP estimate which was 0.8% above the official BEA print, at -32.1%.

The Atlanta Fed's Q3 estimate is most pessimistic than the 18% Q3 GDP consensus estimate from 63 economists polled by Bloomberg, and is just above the lowe-end of the range although both of these numbers will be woefully inaccurate if more US states decide to follow through with another round of shutdowns.

It goes without saying that if Congress fails to roll over the expiring unemployment benefits into August- which as noted earlier now are instrumental in the record 25% of personal income that is funded by the US government…

… Q3 GDP will be another unmitigated disaster and far below any official estimates.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!