The Horrors of Communist China
China became between 1949 and 1976 an experiment in total control unlike anything else in history.
China became between 1949 and 1976 an experiment in total control unlike anything else in history.
The Atlanta Fed's GDP growth forecast has jumped 22X since last week, as they anticipate a booming economy in Q2 that clearly did not materialize in Q1.
The BEA released advanced data for 2017's first quarter GDP, reporting a low 0.7%. This is the worst reading in 3 years. The narrative is coming undone.
Once again the Atlanta Fed's GDPNow forecasting model has been cut, reflecting a sharp challenge to the Fed's "healthy economy" narrative.