once again i expect gdp to be very weak in the first quarter of the year.
this is what i call the obamacare effect. people open their new insurance statements, see the increase in cost, and it causes folks to pull back on their spending for a few months. (renember, even if you are not on the ACA, about all insurance policies now roll out their new policy/pricing as the year rolls over. like my wifes employer, who sends out the forms/info in november, to inform you of signup/pricing, etc for the new year).
the only positive for retailers in the first quarter will be all the folks using their gift cards from Xmas.
btw, our policies/pricing was up far too much. so that will hit our "other" spending until april or may.
Thanks bear!
Never thought of it that way but it makes sense.
I disagree. I think the 1st quarter will be great. Money supply is running hot.
btw... 4th qrt projections have been revised upward the last few weeks.
https://www.frbatlanta.org/cqer/research/gdpnow