For GDP Forecasters, Some Gold Doesn't Glitter
https://www.linkedin.com/pulse/gdp-forecasters-some-gold-doesnt-glitter-atlantafed-fxb2e?utm_source=share&utm_medium=member_android&utm_campaign=share_via
Gold transfers to the US confused the trade deficit data (which should not have been included in the model).
Per the creator of GDPNow - this mistake cost the model 2% GDP growth.
Latest forecast for today would put GDP estimate at +0.4%.
It was hilarious to see previous posts wildly incorrect about this.
