It's Official: Fed Sees 0.0% GDP Growth In The First Quarter

Tyler Durden's picture

The Atlanta Fed's GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 has been downgraded once again... to 0.0 percent on April 1, down from 2.3 percent on Feb 13th.

 

 

Following this morning's construction spending release from the U.S. Census Bureau, the nowcast for real residential investment growth increased from -1.1 percent to 1.8 percent. This was more than offset by declines in the nowcasts for real nonresidential structures investment growth (-19.3 percent to -22.5 percent) and real state and local government spending growth (0.3 percent to -0.8 percent).

 

Not Pretty!


Source: GDPNow

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TruthInSunshine's picture

The Federal Reserve Act of 1913 (de facto implemented in 1910) was the greatest, most evil, U.S CITIZENS/TAXPAYERS ARE FOOLS joke ever played on anyone collectively, all enabled by a bankster cabal that bought off CONgress, the Executive Branch & The Judicial Branch of our alleged Republican forming Democratic government.

clooney_art's picture

 

The Fed has managed to get the economy growing again !! Bravo !!

SumTing Wong's picture

So, it's a joke, isn't it?

I mean any part of the Fed telling the truth. That's the joke, right? 

I'll never figure out this April Fool's stuff with the Fed being involved. They lie every other day of the year, so why not tell the truth on April 1?

DutchR's picture

I'ts easy, zero point zero is much more than nothing

 

To the moon Alice, youtube.com/watch?v=98qw86DsdZ0

new game's picture

and the rate raise... ya fucking right! planned implosion, possibly...

flacon's picture

This is good for stocks. It means that there is no where left to go but up, up, up! Buy moar AAPL. Buy moar SPY. Buy moar DIA. As soon as the oceans turn to lemonade, which will be very soon, we will all be filthy rich. 

Hitlery_4_Dictator's picture

Too bad too because they were this close to raising them, they were just about to do it they were prolly gonna do it tomorrow, but you can't blame them for not raising rates with these numbers, they have great credibility.

Crazy Canuck's picture

But are you both Shocked and Appalled?

Hitlery_4_Dictator's picture

Stocks off the lows and pms going down...makes sense 

Ignatius's picture

Re-calc inflation and GDP is contracting.

PCR and John Wiliams are all over this.

orangegeek's picture

It's not a lie if you believe it.

 

Yellen Costanza

Hal n back's picture

when will we officially have a recession? then depression?

Of course its their bat and ball so they can score it the way they want it

Anunnaki's picture

They used to call depressions "panics"

cosmyccowboy's picture

If a republicrat is elected to prz!

 

lo574's picture

Good thing the market isn't the economy.  Yes, extreme sarcasm.

mt paul's picture

when you die

one stops growing ...

booboo's picture

Except for your fingernails and hair so I'm guessing there will be a chinese nail shop and Fantastic Sams at the pearly gates.

Thorny Xi's picture

There are plenty of quarters left, and they own two of the referees.

DutchR's picture

I hear the old quarters are worth much more than the new quarters

thatthingcanfly's picture

But the good news is that today we're creating jobs in the oil rig fire extinguishing and oil slick cleanup sector, green shoots which should kickstart this recovery blah blah blah....

Q-Q-Q's picture

Really, that's the best figure they could come up with!

 

 

The true figure must be terrible.

gcjohns1971's picture

So...

token .25 BP rate rise, followed by a resumption of QE in September?

kowalli's picture

it is a recovery. We need to raise rates. ROFL

katchum's picture

Stocks going up with 0% GDP, that would be a miracle.

TheFreeLance's picture

Yep. Rate hike in June - gone! Next up, just how many helicopters in the Fed fleet?

graftvshost's picture

April Fools !!!

Gotcha, America!

Bell's 2 hearted's picture

plenty of time for it to go lower before first GDP guestimate at the end of april

 

march numbers to come out and revisions to priors

A_latvian's picture

Oh give me a break:  BULLISH!

 

GDP/profits/earnings haven't mattered for almost 7 years.  Why would they start to matter now?

RobD's picture

Atlanta Feds GDPNow model will soon go right down the memory hole.

Bell's 2 hearted's picture

haha

 

(bloomberg) Atlanta Federal Reserve Bank today announced cost cutting measures that include discontinuing the GDPNow model ... and no longer providing after work Happy Hours

Anunnaki's picture

Going, going, gone.

Dems chance in 2016 if Obunghole takes us into recession.

Hitlery_4_Dictator's picture

Simply WRONG...Dems will take over the House and Senate, people are shortsighted fucks and will blame the R's...an R will become President though if we are in a recession...not that it matters anyway

madcows's picture

so, what's that make the real number, -5?

 

Hal n back's picture

if they break it, we own it.

venturen's picture

Shouldn't they forget GDP?...I mean really they would be much more accurate "predicting" where the stock market would be...I am fairly certain they would 100% correct on that one. THANK GOODNESS GDP has nothing to do with the stock market...I mean who cares about revenue or effen profits!

bnbdnb's picture

The correlation between SP500 vs US debt is much more accurate.

Mr. Bones's picture

No really, how do you spin going in to a recession (using your own FUBAR numbers) during your "green shoots" recovery if the "shadow" has passed?  What's the excuse?  Winter is over.

SDShack's picture

Winter gives way to Tornado and Sprng Storm season, followed by Summer Heat, followed by Hurricane season, followed by.... Winter Snow season. Why change what works?

Abraham Zapruder's picture

And Mr. Blutarsky, Zero point Zero..

Longduckydong's picture
Longduckydong (not verified) Apr 1, 2015 12:46 PM

you're watching the bearing thesis crumble right before your eyes as rate increases get pushed out until late 2016

Raging Debate's picture

Last time a quarter was this dead in my business was 2012. The last two quarters of 2014 weren't exactly that hot either.

CarpetShag's picture

Is that plus or minus 0%?

ChargingHandle's picture

So what is the real number then?  -.5 to -1.1? 

firewolfsblog's picture

and the hits just keep coming

ekm1's picture

I have been saying since May 2013 when rates were ALLOWED to rise.

 

Unless financial breakdown is allowed, economy will continue its unstoppaple decline.

 

We ought to get on our knees and pray the financial system breaks down so the economy starts improving.

Hohum's picture

Wall Street goes or the USA goes.  Simple choice.