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Saturday, April 29, 2017

Trump Train congestion ahead?

Just or unjust, with these sorts of distressing economic data points, good luck propping up the current stock market and job approval ratings.  President Trump's ambitious goal of achieving a multi-year high 4% GDP can be applauded as an honorable objective.  Yet real GDP has continued to slide towards a multi-year low (and skirting a recession scenario), all while the central monetary bank consistently produces rosy scenarios for the underlying economy, alongside laughable margins of error on these forecast (advertised at about ¼ tighter than actual).  See related articles on GDP forecasts, markets, and job approval ratings.

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