GDP Beats – Sorry, No Soft Landing; And OPEC+ Threatens Dollar Reserve Currency Status
US Job Cuts Announced, monthly Challenger, Gray & Christmas There were two major economic announcements last week. The Q4/22 GDP, released by the BEA (Bureau of Economic Analysis) on Thursday (January 26th) was fawned over by the media. As we analyze below, some pundits falsely conclude that the +2.9% annualized growth rate was a sign…