Weekend Update: US Q1 GDP Falls To 0.6%, Treasury 10Y-2Y Curve Flattens and Commodity Prices UP 52% Under Biden (Ports Still Clogged)
Feb 26, 2022 10:30:09 #
https://confoundedinterest.net/
Russia is still attacking Ukraine and I am still seeing stories about actor/comedian Bob Saget’s cause of death. So now for something completely different.
After last week’s Personal Consumption Expenditures, GDP and new home sales reports, the Atlanta Fed’s GDPNow real GDP estimate for Q1 shriveled to 0.6%.
The US Treasury yield curve? It is flattening rapidly as it typically does prior to a recession.
Commodities? Commodity prices are UP 52% under Biden. And that includes prices dropping slightly from 2/24 to 2/25.
And then there is average port delays in US ports. Hey, I thought Mayor Pete the port Czar was supposed to unclog the ports!
Hopefully this coming week will be better! Particularly for the Ukrainian people.
Russia is still attacking Ukraine and I am still seeing stories about actor/comedian Bob Saget’s cause of death. So now for something completely different.
After last week’s Personal Consumption Expenditures, GDP and new home sales reports, the Atlanta Fed’s GDPNow real GDP estimate for Q1 shriveled to 0.6%.
The US Treasury yield curve? It is flattening rapidly as it typically does prior to a recession.
Commodities? Commodity prices are UP 52% under Biden. And that includes prices dropping slightly from 2/24 to 2/25.
And then there is average port delays in US ports. Hey, I thought Mayor Pete the port Czar was supposed to unclog the ports!
Hopefully this coming week will be better! Particularly for the Ukrainian people.
Feb 26, 2022 10:44:44 #
WNYShooter wrote:
https://confoundedinterest.net/ br br Russia is s... (show quote)
Any way you slice it it is becomming more and more obvious that biden is a miserable president.
Feb 27, 2022 07:52:14 #
WNYShooter wrote:
https://confoundedinterest.net/ br br Russia is s... (show quote)
And libs here still say this is the best economy since obummer.
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.