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GDP Beats – Sorry, No Soft Landing; And OPEC+ Threatens Dollar Reserve Currency Status

Por: Forbes Business January 29, 2023

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US Job Cuts Announced, monthlyChallenger, 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 that the economy would have a “soft-landing.” The more important announcement by OPEC+, likely to have... + full article



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