The output gap represents the difference between the two measures of GDP – real and potential – in percentage terms. This measure turned negative in Q1 of 2008, and it stayed below zero until Q2 2017. The Real potential GDP is the CBO’s estimate of the output the economy would produce with a high use…
Directional Bias For The Day: S&P Futures are lower; moving lower since 3:00 AM; moving sideways since 5:30 AM Odds are for a down day; watch for break above 2876.00 for change of fortune No key economic data due: Markets Around The World Markets in the East closed mostly lower – Tokyo and Sydney were up European markets are lower Currencies: Up…
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