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David Rosenberg
@EconguyRosie
All eyes are on tomorrow’s Q2 GDP data. Most forecasts now are north of 4%. But here’s the rub. At least half the growth is coming from two trade-related issues – a soybean-led export burst and inventory accumulation. Net these out and we remain near 2%. Then strip out the tax goodies, and we are truly at stall speed (which becomes more evident in Q3 and Q4).
5:33 AM · Jul 26, 2018
Unlike Whell, this guy is an actual economist. We’ll see just how wrong Whell is in a quarter or two. Of course, he will be posting some other fake nonsense by then, ignoring this thread...
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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