The S&P was either way off in its April and May projections for the US GDP or June’s GDP was one of the greatest months in US history.
S&P’s Monthly GDP report told subscribers that the economy went nowhere in April and May:
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As seen in the graphic below, if S&P was right (VERY doubtful), the economy must have grown by 1.9% in June alone (i.e., at a 25% annualized rate!):
S&P predicted 2Q would come in at 1.3%, miles below today’s reported 3.0%.
And companies pay for this???
I have noticed going back to at least the Clinton years, that when a Republican is potus the estimates [which usually get most of the media coverage] are always lower than the actual numbers that get released a week or so later. And when a D is potus, it is the reverse. Just more proof [if you needed more] that the media is corrupt.
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I have noticed going back to at least the Clinton years, that when a Republican is potus the estimates [which usually get most of the media coverage] are always lower than the actual numbers that get released a week or so later. And when a D is potus, it is the reverse. Just more proof [if you needed more] that the media is corrupt.
1win promo code +500% on deposit: xr1win25
1win registration: https://lkpq.cc/c3402d