The Last Time This Happened, US GDP Crashed By 5%

The Last Time This Happened, US GDP Crashed By 5% (ZeroHedge, Feb 16, 2015):


The last time US weather was this bad, annualized US GDP crashed from 2.3% to -2.9%.

Or perhaps this time will be different, and the laughable cadre of propaganda sycophants known as tenured and/or Wall Street economists finally admits that cold weather in the winter had nothing to do with the economic plunge a year ago, and everything to do with the fact that when it comes to integrity and accuracy of economic data and estimations, the US now ranks pari passu with the Chinese department of truth?

Unless, of course, just like last year economists discover that it was “really cold” post hoc once again, and none other than the Fed decides to blame, drumroll, the weather for crushing its best laid plans (of central planners and men) to hike rates some time in the summer of 2015.

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