Disappearing GDP Growth





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Published on Apr 11, 2016

Wall Street has been forecasting good economic growth until late March whereas we have predicted negative GDP growth. Now reality is confirming our forecast.

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Auto generated Transcript by YouTube
hello ladies and gentlemen this is Bert Dohemn with Charter predictor let's take a look at the economy right now as you know that Wall Street has been very optimistic on the economy while we have been very pessimistic and this is a chart from the Atlanta Federal Reserve and this is their forecasts actually they are the more bearish ones on the economy of the Federal Reserve districts here we could see the blue chip economist as a group of economists is the best known economist there is someone gatherers forecast and in the beginning of January you could see the range of their forecasts were for two to three percent GDP growth for the first quarter of the year so you can see that is still remained pretty steady in a downtrend now at the same time here we are forecasting negative actually below zero for the first quarter and there was of course much to Berisha 440 economist but we have an advantage here because we're not economists' so we can see now what happened to the forecast the Green Line is what the Atlanta Fed has been forecasting at the different times he could see they were forecasting about 2.7 percent growth in GDP then they started getting more negative meaning more realistic and you can see here how in lead to March therefore I guess just started as the bad started coming in and now they're forecasting 0.1% GDP growth for the first quarter that is barely above zero in my opinion I have a suspicion that the actually would have loved to be more realistic it predicted the negative growth but they don't wanna get anybody to us said so they managed to squeeze in 0.1% after all it's all guesswork anyway so you can see here that the blue chip economists' these guys with the big college degrees in economics and how wrong the answer actually bill ok this is bird doggin signing off for now if you want to get continuous updates on our economic forecast get the Wellington letter comes out about two to four times and it gives you are absolutely the best forecasts that you'll find anywhere and usually our forecast totally different than what you normally hear thank you very much for joining us today

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    • MX226_79 - Corporate Success-13858
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    • Ariel Mann, BMI|Randy Miller, BMI
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    • MX226 Money and Markets
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