Fed Bankers are trying to Torpedo Trump

Fed Bankers are trying to Torpedo Trump

Article preface Commentary by TLB Editorial Staff

The Fed/Treasury/Bankers are gunning for Donald J. Trump with the same  “hatred and fervor” being displayed by the Alt-Left political machine and their propaganda lackeys in Down Stream Media.

And why not?… Keep in mind the Fed/Bankers get their “marching orders” from the New World Order spear-headed by the Head Bankers, the Rothschilds.

Just as soon as President Trump declared (we reported it Thursday)…

“I think this quarter’s GDP numbers are going to be shockingly good given all the facts we’re seeing”

… a sector of the Fed/Bankers went to work to “Fire a Trump Torpedo.”  (TLB)

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NY Fed Crashes Trump’s Party, Slashes Q2 GDP Forecast

by Tyler Durden

A day after President Trump proclaimed Q2 GDP “numbers are going to be shockingly good,” The New York Fed has slashed its forecast for America’s growth to just 1.86%.

Wednesday…

“I think this quarter’s GDP numbers are going to be shockingly good given all the facts we’re seeing”

Thursday…

“I think some very good numbers are going to be announced, by the way, in the very near future, as to GDP,”

Friday…

Thanks to the collapse in housing data this morning, The New York Fed has slashed its growth expectationsfor Q2 GDP to just 1.86% (from 3% in March)…

NOTE – the factors weakening the forecast are ‘hard’ data points (red squares) while the surveys are adding to GDP.

It is hardly surprising that both The Atlanta Fed (which cut its guess from 3.2% to a series low 2.878%) and New York Fed are cutting their expectations as US macro data disappoints gravely…

Given the plunge in US Macro data, we wonder if President Trump meant the GDP numbers are going to be “shocking.”

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Our thanks from TLB to Tyler Durden and ZeroHedge for this perspective.

 Follow TLB on Twitter @thetlbproject

 

 

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