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The Fed's Laughable 2014 GDP Forecast Over Time

Tyler Durden's picture




 

What is there to add here: clearly the central-planning academics at the Marriner Eccles building are doing a great job at pushing the Russell 2000 to, well, 2000. Oh wait, this was an article about the Fed's GDP "forecast." Lol.

 

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Wed, 06/18/2014 - 15:18 | 4870656 order66
order66's picture

Free money is all that matters.

Wed, 06/18/2014 - 15:21 | 4870666 NoDebt
NoDebt's picture

Free isn't good enough any more.  Pretty soon they're have to pay banks to take it.

Wed, 06/18/2014 - 15:26 | 4870686 buzzsaw99
buzzsaw99's picture

already done that. it's called interest on borrowed reserves.

Wed, 06/18/2014 - 15:27 | 4870692 Rainman
Rainman's picture

she gonna bitch slap all ya with that intellectual property calculating...you'll see.

Wed, 06/18/2014 - 15:41 | 4870762 Harbanger
Harbanger's picture

Are you referring to outcome of the Alice court case?

Wed, 06/18/2014 - 21:47 | 4871998 philipat
philipat's picture

And we are supposed to take seriously their "Hawkish" increased forecasts for 2015 and 2016? What a Shit Show this has all become...

Wed, 06/18/2014 - 15:34 | 4870727 aVileRat
aVileRat's picture

Well she did say that Fed was concerned about capital formation aka: people building new companies and hiring 

eh, nothing much else to say today.

 

Wed, 06/18/2014 - 15:27 | 4870685 NEOSERF
NEOSERF's picture

Confidence is all that matters...spin a story of unicorns and rainbows so the Fed can sneak out the back door with their bond purchase exit.

Wed, 06/18/2014 - 16:29 | 4870992 Anusocracy
Anusocracy's picture

All hail the dart throwing monkeys!

Wed, 06/18/2014 - 18:33 | 4871365 Catflappo
Catflappo's picture

What's more - when they first started putting out the forecasts it was was before 'QE4eva'.

 

So they added another trillion to QE and still they couldn't even get the line to go flat, let alone slope upward!?!

Wed, 06/18/2014 - 15:18 | 4870657 Honey Badger
Honey Badger's picture

Bullish!

Wed, 06/18/2014 - 15:27 | 4870690 101 years and c...
101 years and counting's picture

why the downward revision?  do they expect winter to last until sept and then el nino to kick in during Q4?  what's changed?  im so confused by the monkeys.

Wed, 06/18/2014 - 15:19 | 4870661 NoDebt
NoDebt's picture

Its weird how the preditions for 2014 drop so dramatically once we're actually in 2014.

It's almost like a..... like a pattern or something.

Wed, 06/18/2014 - 15:22 | 4870669 Greenskeeper_Carl
Greenskeeper_Carl's picture

Next you're gonna tell me the deficit isn't really going to shrink over the next decade! Blasphemy!!!!

Wed, 06/18/2014 - 15:24 | 4870678 madcows
madcows's picture

It really is a religion, isn't it.

Wed, 06/18/2014 - 15:27 | 4870688 frankTHE COIN
frankTHE COIN's picture

It's just like when I visit a new girl I met.

Wed, 06/18/2014 - 15:29 | 4870698 buzzsaw99
buzzsaw99's picture

i seem to remember they were going to raise rates in 2010, 2011, 2012, 2013, 2014...

i seem to remember we were going to pull out of afghanistan in 2010, 2011, 2012, 2013, 2014...

you mean like that?

Wed, 06/18/2014 - 16:45 | 4871043 NoDebt
NoDebt's picture

Yeah, pretty much exactly like that.

Wed, 06/18/2014 - 15:20 | 4870664 pods
pods's picture

There's the hockey stick!  It just needed to be upside down.

pods

Wed, 06/18/2014 - 15:22 | 4870670 lasvegaspersona
lasvegaspersona's picture

Not to worry though, they can always recycle those 4% figures when they are doing 2015.

Wed, 06/18/2014 - 15:23 | 4870671 lasvegaspersona
lasvegaspersona's picture

...we're gonna need a higher estimate...(like in the Jaws movie...OK it wasn't that funny)

Wed, 06/18/2014 - 15:23 | 4870673 madcows
madcows's picture

FED's closed door meeting content:

Incomes are down. Inflation is up.  The middle class is doing all it can to survive.  They're taking out loans at a record rate.  We've achieved our goal of 99% enslavement.  It's time to throttle this down and move in to phase II of the take over.  We haven't achieved our full goal of owning the world, yet.  Don't lose focus now.  OK, high fives all around.  Starting tomorrow, we move into operation Shake Down.

Wed, 06/18/2014 - 15:30 | 4870703 buzzsaw99
buzzsaw99's picture

it's like you were there

Wed, 06/18/2014 - 15:27 | 4870693 Bill of Rights
Bill of Rights's picture

"and subprime mortgage loans in default will not affect overall economic conditions"....

Now about those modification resets. Remember the FED is terrible at calling these markets if they're saying all is well, run for cover.

Wed, 06/18/2014 - 15:28 | 4870695 orangegeek
orangegeek's picture

And so nothing until earnings/buyback season.

 

big POMO day tomorrow - should add more beating to any bears out there

 

GDP for Q2 will be negative, but that doesn't matter - we are going higher

Wed, 06/18/2014 - 15:28 | 4870697 valley chick
valley chick's picture

WTF?!  What for fed news that is bullish?

Wed, 06/18/2014 - 15:33 | 4870716 Inthemix96
Inthemix96's picture

Tell you what, I cant handle this heat wave us poor northern English fuckers are putting up with this week.

I am sick and tired, of feeling ill and fatigued.

;-)

GDP?  Fuck off and talk sense.  These fucking 'Forecasters', what the fuck they produce?  Forecastulisms?

#Fucking talk sense cunts.

;-)

Wed, 06/18/2014 - 15:57 | 4870731 Everybodys All ...
Everybodys All American's picture

There is absolutely nothing bullish in their statements and yet the markets continue higher on hope and change I suppose. The change I see is the loss of free markets and the hope must be that no one notices.

Wed, 06/18/2014 - 15:42 | 4870767 walküre
walküre's picture

Q1 was negative, Q2 is negative. The numbers were discussed here last month.

NO FUCKING CHANCE IN HELL THAT 2H IS POSITIVE!

Fed is lying. What else is new?

Wed, 06/18/2014 - 15:58 | 4870848 GS-DickinDaMuppets
GS-DickinDaMuppets's picture

WTF.  DOW up almost 100 points - I wonder what kind of trading volume the day will close with.  

UP, UP, AND AWAYYYYYYYYY

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