“Economists” Have No Clue——Q1 Actual Vs. Blue Chip Consensus | David Stockman's Contra Corner: This is what the “Blue Chip” economists thought about first quarter GDP on April 2.
GDPNow Estimate for 1st Quarter, April 2
Note the “Blue Chip” consensus at the end of the first quarter was for 1.7% annualized growth.
They were off by 2.4 percentage points.
They were off by 2.4 percentage points.
Pathetic.
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