YEN WEAKNESS FINALLY SHOWING UP IN U.S. DATA?
The 'tourist examines why economists missed the GDP number by so much
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…