Just like clockwork, there is talk of recession in the air. The announcement will come soon and be confirmed by summer. The Atlanta Fed just revised its output forecast for the first quarter to expect a contraction at-2.8 percent. This is very sudden. Only a week earlier, the same tools (GDPNow) had forecast a 2 percent increase in output in the first quarter.
At this point, many people are probably dismissing all these forecasts and big numbers emanating from experts on the public payroll. They have been wrong about so much for so very long. And yet, Wall Street is moved by such data reports, even when the problems with them are so obvious. As they say, the numbers might be fake but they are all we have.
https://www.theepochtimes.com/opinion/what-is-this-recession-talk-5821070?utm_source=gab&utm_medium=Social&utm_campaign=etgab