The Smith & Wesson indicator works again...
The Median Q1 GDP forecast was just lowered by 50% in one week:
"Trade data released Tuesday show the U.S. deficit widened more than expected to $47.1 billion in February and was a bigger drag on growth than expected. It's the latest economic metric that chiseled away at the tracking model for first quarter growth. The median of economists who participate in the CNBC/Moody's Analtyics rapid update is now 0.5 percent for tracking GDP growth, down from 0.9 percent last week."
"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.4 percent on April 5, down from 0.7 percent on April 1. After yesterday morning's light vehicle sales release from the U.S. Bureau of Economic Analysis and the manufacturing report from the U.S. Bureau of the Census, the forecast for real GDP growth declined from 0.7 percent to 0.4 percent due to declines in the forecasts for real consumer spending growth and real equipment investment growth"
GDP - Federal Debt
aka. debt is "GDP"...
ZH: April 5, 2016
"No one told me"
"You were buying, we were selling. Just like last time and the time before..."
