The latest culprit? The rotten housing starts data from this morning.
And we were so hopeful about 3%+ GDP growth in February. Alas, Congress is not going along with Trump’s economic agenda.
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GDP optimism seems to sink with every Fed Funds Target rate increase.
As Paul Simon warbled, “Slip Slidin’ Away” .
“You know the nearer your destination (of 4% GDP growth)
The more you’re slip slidin’ away.”
Here is Fed Chair Janet Yellen singing “Slip Slidin’ Away” (better known as the GDP song).
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