Oddbean new post about login | logout the fed chose inflation over recession they better hope we don't get both *narrator* they would, in fact, get both
2 consecutive months of negative GDP growth is hard to get when you print growth, but it eventually comes.
50bp is still above the natural rate, it's not going to cause inflation.
Private domestic investment is already negative. GDP is only positive because of government spending. I belive the numbers are 5% gov, 3% gdp, -2% private