@Brad_Setser Sir, how much does the 737 Max situation shave off of American GDP? Planes are expensive!
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think conventional estimate is 25 bps in q1. but some estimates but it as high 50 bps. large for a single product in a single sector
Those estimates I'm sure include the second order effects on their suppliers etc.? There's also a broken-window fallacy type situation. I'm sure they have to spend quite a bit to fix this.
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spending on fixes helps GDP -- what hurts is stopping production, and how that echos through the supply chain
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