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There's plenty of downside risk for auto manufacturers here. Have I mentioned lately that parabolic trends are not sustainable?
Source Data:
St. Louis Fed: Custom Chart
Q1 GDP Tracking: Movin' on Up
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From BofA:
Since our update last week, *1Q GDP tracking is up two-tenths to 2.1% q/q
saar*. [Apr 19th estimate]
emphasis added
From Goldman:
We left ou...
2 hours ago
3 comments:
In case you are interested...
I first tried a linear trend (most sustainable). That didn't fit all that well.
I then tried an exponential trend (less sustainable). That fit better but still didn't look quite right. It wasn't tracking the earliest periods or the latest periods all that well. The data was curving too much for it.
And lastly, I tried a parabolic trend (least sustainable). As seen in the chart, that one fits almost perfectly.
Maybe it isn't he numerator. Maybe it is what we count as a job these days.
Rob Dawg,
Perhaps the economy is filled with relatively uncounted professional eBay traders. *shrug shoulders*
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