Revised GDP at 4.9%, market distrust raises concerns of an imminent asset crisis.
🚨 US 🇺🇸 GDP came out at 4.9%, revised down from 5.2%.
How do you justify lowering interest rates to stimulate the economy when the data shows the economy doesn't need stimulating? ⚠️
At the same time, US 10Y Treasury Note yield has dropped to 3.8% while the 3M Tbill still sits… pic.twitter.com/AITchbhYLn
— CJK (@CJKonstantinos) December 21, 2023
The best way to account for gov spending is by using the proper GDP deflator (they currently use 3.5% BUT real inflation is ~10%)
🚨 When using proper deflator, real GDP is negative aka gov spending is propping up a shrinking economy ⚠️ pic.twitter.com/blis6MmehH
— CJK (@CJKonstantinos) December 21, 2023
BREAKING: Final reading of Q3 2023 GDP shows US economy grew by 4.9%, below expectations of 5.2%.
This marks the highest quarterly GDP growth since Q4 2022.
It also comes as the Fed is pivoting and declaring victory against inflation.
Has the Fed achieved a "soft landing?"
— The Kobeissi Letter (@KobeissiLetter) December 21, 2023