OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

On the eve of the expected “strong” GDP report=

Posted by Richard640 @ 16:25 on August 6, 2015  

GDP Shocker: Atlanta Fed Sees Q3 Growth At A Laughable 1%

Tyler Durden’s pictureSubmitted by Tyler Durden on 08/06/2015 13:44 -0400

The Atlanta Fed’s Q1 and Q2 GDP forecasts were virtually spot on with what the BEA ultimately reported. Which is why if its accuracy persists, not only the Fed, but Wall Street strategists suddenly have a very big headache on their hands.

Moments ago, the Atlanta Fed just released its much anticipated first estimate for Q3 GDP. It was a doozy, at just 1.0%, or more than 2% below the consensus sellside estimate.

If this is confirmed, not only are all rate hike bets off, but one may as well start the countdown to the recession, and more importantly, QE4.

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Maybe this is why stocks were down…

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.