r/Wellthatsucks 2d ago

Trump's recession is here

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3.3k Upvotes

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u/StoppableHulk 2d ago

Yes, but GDP is negative in Q1 and where the fuck do you think the growth will come from in Q2?

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u/Vierlind 2d ago

Based on what? The quarter just ended? We won’t have any estimate of its measure for ~ 30 days.

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u/anotherjunkie 2d ago

Based on what?

The Fed’s estimates, which certainly don’t take 30 days.

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u/Vierlind 2d ago edited 2d ago

That is ONE model. There’s a reason there’s ~ 28 hurricane models. They all have sources of error.

The official estimate doesn’t come out until ~30 days from the BEA.

Nobody predicted the job’s numbers from yesterday either….lots of conflicting data out there.