Economic TAILSPIN? THIS may be why The Fed stopped publishing GDP reports
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Branches of The Federal Reserve Bank recently announced — while nobody was paying attention — their decisions to stop publishing GDP forecast reports that the financial industry ‘has used forever,’ Glenn says. But now new updates from the Atlanta Fed may provide clues as to why these reports have been suspended. Those clues hint at a coming ‘economic tailspin,’ Glenn says. And, ‘When you know something is going to cause the economy to go into a tailspin,’ Glenn explains, ‘you can either just say, well, that’s the truth…or you can just hide it. You can just not publish it.’
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