Final, And Completely Meaningless, Q4 US GDP Print Revised Fractionally Higher | Metals Mine

  • Final, And Completely Meaningless, Q4 US GDP Print Revised Fractionally Higher

    From zerohedge.com

    While it is as stale as 3 month old milk, and therefor completely useless especially ahead of tomorrow's personal income/core PCE report, moments ago the BLS reported its 2nd revision to Q4 GDP which was revised up to 2.4% compared to the second est. of 2.3%, and above the median consensus of 2.3% (+2.2% to +2.6%) from 55 economists. The final Q4 print was down from 3.1% in Q3. The increase, however, wasn't due to stronger consumption (this declined from 4.2% to 4.0%, below the 4.2% estimate) but mostly due to trade and downward revised imports. Additionally, inflation prints were more muted, with 4Q GDP price index ... (full story)

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Trader#7DC6
Mar 27, 2025 10:21am
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US economy is dead. Looking at the price of Gold, so is the USD too. Soon, the purchasing power of the USD will almost completely evaporate. Who doesn't hold at least some of the real money could stand to lose almost everything. Disaster with the USD will pick up the pace as the time goes on. By the time the Fed cuts rates to zero, purchasing power of the USD will be completely destroyed in my opinion.
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Trader#5E8D
Mar 27, 2025 10:30am
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Joe Biden did its best to leave us happy.
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