The Kobeissi Letter
The Kobeissi Letter|Apr 29, 2025 15:51
BREAKING: The Atlanta Fed has revised their US Q1 2025 real GDP growth estimate down from -2.4% to -2.7%. Adjusting for gold imports and exports, they now see US GDP contracting by -1.5%. If this is the actual reported number, then we are 1 quarter off of a technical recession.
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