Wow! Is Anyone Paying Attention? 5.8 -- Most Recent GDP Estimate, 3Q23 -- This Does Not Look Like A Soft Landing To Me -- August 16, 2023

Locator: 45482ECON.

And?

What if? Link here.

 

Once folks understand this ... wow, Katy, bar the door!

Original Post

Based on Liz Sonder's graphics posted earlier this morning, the new GDP estimate is not surprising.

5.8.

I really wish, we could have a quiet, radio-fireside-chat by a senior statesman -- perhaps a person like Joe Biden -- who could talk about the week's events in a quiet, dignified manner -- the economy would no doubt be the theme for this week's show.

Reminiscing. I feel fortunate to have watched many of these Friday night shows:

Today, GDPNow:

This does not look like a soft landing to me. Yes, I know, it's just a snapshot in time.