On Q1 GDP: bookmark the Doomer shreiking and wailing
- by New Deal democrat
When the final revision of 1st quarter GDP is released this morning, it's gonna stink. Just like it looked like it was gonna stink back in February when I wrote in a Weekly Indicator column that the contemporaneous data looked like that during a recession.
There will be full-throated excited shreiking and wailing, because they just know that it means we are DOOOOOMED!!!
Bookmark their steamy lamentations, because when 2nd quarter GDP is announced one month from now, there'll be crickets.