Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Friday, April 07, 2017

Atlanta Fed

One thing is for sure.  The good ol boy crowd at the Atlanta Fed is calling a spade a spade.

It never ceases to amaze me how once in a great while somebody associated with a Federal Reserve Bank will say something true.


Remember when the Fed was "data dependent"?
If the Atlanta Fed is right, Janet Yellen will have hiked the Fed's interest rate in a quarter in which GDP has grown by a paltry 0.6%, down from 1.2% as of its latest estimate. If confirmed, this would be the lowest quarterly GDP growth in three years, since Q1 of 2014.
Incidentally, just over two months ago, the same forecast stood at 3.4%, it has since fallen by over 80%.

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