The gap between current Q1 reality and forward-looking, hope-stuffed, unicorn-tear-fueled expectations for US economic growth has reached a new peak of Keynesian ‘faith’. This week saw “economists” downgrade Q1 GDP expectations once again to a mere 1.6% growth (from 2.6% in January) – meaning that cold weather is responsible for a 46% collapse in US economic growth expectation. As the chart below ‘hints’ at, it appears we have reached “peak hope.”
h/t @Not_Jim_Cramer
via Zero Hedge http://ift.tt/OS2LBv Tyler Durden