Bear Hat
*Chart is from Dshort.com, data is from Consumer Metrics
- Consumer Metrics has been a great leading indicator for GDP
- With the consumer pulling back hard (Which is 2/3 of GDP) GDP will continue to fall unless the consumer comes back, FAST!
- Watch the Q2 GDP numbers on Aug 27th
- Will be the Second Estimate for Q2
- Will be revised down (I am looking for 1.3 growth for Q2)
- Q3 GDP looking for under 1 percent growth
- Q4 GDP could be in the red!
