"Winter Is Coming" - Wall Street Economists At Work

It's that time of year again...

When angry mobs of Americans trample one another for the very last Victoria's Secret thong, when the world over-indulges, over-consumes, and over-stimulates... And of course...

It's the time of year when Wall Street's best paid and brightest are forced to admit their utter cluelessness...

 

As Reuters shows, the last two years have been extremely embarrassing for the so-called professionals...

 

US GDP Q1 2014 vs2

US GDP Q1 2015 vs2

 

Of course, blame-mongery will be rife:

  • Weather was so 2014 (although El Nino is bound to crop up in more than a few memes this year)
  • Port Strikes were "the new black" in 2015

So, what will the excuse be this year - since there is no way anyone could blame The Fed?

 

Charts: Bloomberg