Economists In Shock Over GDP Report

The Commerce Department released th GDP figures at 8:30 am on Friday, and they were stunningly worse than economists predicted, according to Reuters:
As we’ve seen many times before, economists were babbling in confusion. The article quotes one as saying, “The second quarter disappointed, but the first-quarter downward revision is more disturbing. It advances the pangs of concern. The debt ceiling nonsense is not going to help us. We’re already in an economy that is subpar.”
Gee, you think? This is like a weather forecaster who looks out the window and predicts that it’s raining. CONTINUE

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