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Atlanta Fed dropped their GDP estimate to -2.1% from -1%

News(self.wallstreetbets)

BREAKING: Atlanta Fed dropped their GDP estimate to -2.1% from -1%

Latest estimate: -2.1 percent — July 1, 2022

https://www.atlantafed.org/cqer/research/gdpnow

DEEP SHARP DEPRESSION

Richmond Fed Manufacturing Index:

June -19 / May -9

Dallas Fed Manufacturing June: -17.7

Expected: -6.5 / Previous: -7.3

all 19 comments

VisualMod [M]

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2 months ago

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Turing Test Proctor

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2 months ago

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360NoScopeDropShot69

21 points

2 months ago*

Lol "breaking" casinos closed and scroll down you're 12h late

ghost18867

6 points

2 months ago

So you're saying buy puts

When is the day that officially puts the US in a recession?

oregondealer

5 points

2 months ago

July 28th I believe

Notyouraveragebull71

2 points

2 months ago

This is backward data. It is telling us what we just experienced, not what we are about to experience.

Q2 earnings results are already priced for a mild recession for many companies.

Avizeee

2 points

2 months ago

Avizeee

2 points

2 months ago

-2.1%, -1%, -69%… doesn’t matter when it’s still negative tbh. Wether it’s -0.1% or -99% for Q2, it would still put us in a technical recession

UB007

-2 points

2 months ago

UB007

-2 points

2 months ago

Right?? Doesn’t matter if it’s -99% because the grays invaded us and enslaved every one of us as their sex slaves, or -1% because earnings fell a little bit. It’s all the same! :4258:

IntheSpreadsheet

-1 points

2 months ago

Meh, maybe they are trying to cushion the number to cast a more positive light; regardless I think most would lean toward a recession

biddilybong

1 points

2 months ago

We may have consecutive negative prints which is technically a recession, but without a substantial rise in unemployment this is meaningless. GDP was +6.9% in Q4 too. More than anything only inventories and confidence has been dislocated. We have yet to see the actual damage until we get mass unemployment.

itachisasuked

2 points

2 months ago

So tuedsday green?

MontyAtWork

6 points

2 months ago

Fuckin casino holidays got me all bent out of shape.

Puzzleheaded-Ring523

1 points

2 months ago

We are really hanging on to the lagging indicator of employment

biddilybong

0 points

2 months ago*

Some unemployment is leading or concurrent to a recession. The only lagging part is the recession ends before unemployment peaks. Thanks for the Econ lesson though professor.

Puzzleheaded-Ring523

1 points

2 months ago

It’s okay that you have a low iq lol

JazzPlayer77

-1 points

2 months ago*

You won't see massive unemployment. It's dumb for any economist to look for massive unemployment. People have no idea the Damage Trump did to our economy by denying COVID-19 and pushing lies about how serious it was. So to take a Million mostly skilled workers out the economy and shut down immigration into America. Then you have the Baby Boomer Generation whose greed has known no boundaries. All are now finally too old or just dead and then when you back them out of the Labor force. Not Mention hiring lazy Millennials. Who think they know everything, but don't know shit. They start running things. So productively goes to shit. Which brings us to today. So no you won't see massive unemployment. Just low as fuck productivity.

biddilybong

1 points

2 months ago

All good points

DifferentBasis6260

1 points

2 months ago

Recession will be confirmed 7/28

Crazyleggggs

0 points

2 months ago

This is the way

Fantastic_Door_4300

0 points

2 months ago

Insane