The U.S. GDP figure for the 1st quarter of 2024 was just released, and it fell well short of expectations. A Bloomberg survey of economists had forecasted a 2.5% reading, but it actually came in at 1.6%.
A good buddy immediately DM’d me and said, “how the heck do you miss GDP by that much?”
Good question. Actually, great question. And I didn’t know the a…