Alright, so today we had the great relief to see that the US GDP rose by 1.9%
Pfeeew!!! No recession, the economy is sound and growing!
But, the market was expecting a lot more than that (2.3% consensus) ; which also rises the question about how much the market can be that irrational.
Bur more importantly, the Chain Deflator used to deflate the GDP from inflation has dropped to 1.1% from 2.6% in the previous quarter.
With inflation rising at record rate and being very hide, it's amazing to see a deflator of 1.1% and see it drop.
Well done! That's creative accounting and artistic number reporting!