Prof. Racket wrote:
agip wrote:
I'm not sure it's common knowledge that 4Q GDP growth is absolutely bonkers. 9.7% right now REAL GDP growth. How is that even possible?
Anyway, that's what the Atlanta Fed is seeing for the quarter ending in three weeks.
That's the bull case, I suppose. Bear case is that buying stocks when GDP growth is this strong might be a very bad idea, on an 'as good as it gets' theory. Given 9.7% GDP growth, tight labor markets, high inflation....the Fed is going to stop QE and start raising rates real soon. Which could be bad for stocks.
https://www.atlantafed.org/cqer/research/gdpnow#:~:text=The%20GDPNow%20model%20estimate%20for%20real%20GDP%20growth,24%2C%20up%20from%208.2%20percent%20on%20November%2017.
Should we do a review of our china vs USA bet now or do you want to wait a few more weeks lol.
Let this be a lesson folks! Bet against the US of MF'in A at your own risk
looks to me a tie
There is a "-" in front of the China number when I look it up. That doesn't look important so I'll delete it. Saving pixels is important.
Year to date:
China: 22%
USA: 21%