Read it at Tim Duy's Fed Watch
But that still is not a story that rapidly returns the economy to potential output. Which brings me back to a familiar place - putting aside the threats to the economy, it is easy to see a positive growth path for the economy, but more difficult to see a rapid closure of the output gap.
A Few Quick Charts on Consumer Spending
by Tim Duy
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3 comments:
I see you are still awaiting your reply over there Tom...
I'm hoping that Tim Duy will do a post on it, Matt. If he doesn't respond and doesn't explain in a post, well, ......
Tom,
It looks like what this guy does is follow the statements of the Fed people and try to interpret them...
Warren has likened all of this to where they used to have fake steering wheels on the front of car seats and the kids would turn them back and forth and think they were actually driving the cars.....
So it like this guy is giving us a turn-by-turn description of what little "Mikey" is doing in the car seat.... "Mikey has just turned his wheel to the right: Hold on!"
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