Mish Shedlock: Expect a Deep Recession to Start This Quarter or Early Third Quarter
via Mish Talk: GDPNow Data from the Atlanta Fed, Chart by Mish The GDPNow Forecast was at 2.5 percent on the May 17 retail sales report. It’s now 1.3 percent and falling fast. This snip is from June 1. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is 1.3 … Read more