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GDP Shocker: 75% Of US Growth In The First Quarter Was Due To AI
GDP Shocker: 75% Of US Growth In The First Quarter Was Due To AI
On the surface, today's Q1 GDP print was unremarkable: Real GDP grew 2.0% annualized in the first quarter, somewhat below consensus expectations of 2.3% and reflecting a surprisingly small rebound in government spending after the shutdown drag in Q4. Federal government spending contributed only half as much to real GDP growth in Q1 (+0.6%) as it subtracted in Q4 (-1.2%), implying that the level of real federal government spending in Q1 is 2.2% below its level...
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No THAC0 Tuesday
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By Michael Every of Rabobank
No TACO And No THAC0
The Global Daily yesterday noted lots of reasons to worry about this Gulf War 3 - today there are far more. However, as made clear since the start of this crisis, there is no way to say, “This is silly,” or to ‘go home’ and return to ‘normality’. Everyone in the war except the US *is* at home.
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Iranian President Issues Open Letter To Americans, Questions If Washington Putting "America First" Or Acting As "Proxy For Israel"
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