That Q1 GDP Drop Was a Freak Event that’ll Get Unwound in Q2

by Wolf Richter, Wolf Street: In details and charts. There has been a lot of confusion about that 1.4% quarter-over-quarter drop in “real” GDP. So let me just go through what didn’t cause it, and then what caused it. What caused it was a freak event, and this freak event is likely to start unwinding in […]