Can GDP & Earnings Hold On? | Weekly Roundup
Supply Shock
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Is There Consensus? And What's a Surprise?
I would have been in the camp that after the bad Q1, Q2, we were gonna have tough Q3, Q4. But I didn't then go further with that and say, okay, well, if they tap the SPR, then GDP will rise. Because I'm just not really that facile with that part of calculation. And my last thing on GDP is, I've been saying for a long time that we are in kind of the 2000 to 2002 redo. That last year was 2001,. First quarter was negative GDP, second quarter was positive, third quarter was negative, exacerbated by 9.11, and fourth quarter was positive. The whole year, 1%.
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