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Is That All There Is? US Avoids Recession As Real GDP Rises 2.4% In Q2 As Debt-To-GDP Hits 124% (10Y-2Y Curve Rises To … -97.952 BPS)
Confounded Interest ^ | 07/27/2023 | Anthony B. Sanders

Posted on 07/27/2023 7:07:56 AM PDT by Kaiser8408a

As Peggy Lee warbled, “Is that all there is?”

Both The Federal government and Federal Reserve went wild with stimulus surrounding the Covid economic shutdown in 2020. The excessive reaction function is still working its way through the economy and we finally got Q2 Real GDP QoQ of 2.4%! But seriously, is that all we got from an increase in public debt of 39% since January 2020, and M2 Money increased 36%. And, of course, The Federal Reserve double their balance sheet from 2020 to today … and are slow walking its removal. So, with Biden’s insane green spending and Powell’s monetary stimulytpo, all we got was 2.1% Real GDP growth YoY??

And US public debt to GDP is now over 120%, thanks in part to Federal spending and Fed monetary stimulus related to the Covid economic shutdowns.

Foul Powell on the prowl.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: biden; debt; economy; gdp
seriously, all we got from the trillions in spending was 2.4% QoQ growth??
1 posted on 07/27/2023 7:07:57 AM PDT by Kaiser8408a
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To: Kaiser8408a

Take away government spending and you are down to 1.5%.


2 posted on 07/27/2023 7:14:21 AM PDT by ProtectOurFreedom (We are proles, they are nobility.)
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To: Kaiser8408a

Does any reasonable, thinking person still actually believe any government pronouncements?


3 posted on 07/27/2023 7:18:38 AM PDT by Blennos
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To: Kaiser8408a

5% growth in Govt spending....so right...GDP is up...


4 posted on 07/27/2023 7:18:59 AM PDT by reed13k (For evil to triumph it is only necessary that good men do nothing)
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To: Kaiser8408a

Hey — I know how we can double GDP this year. But it might cause inflation ...


5 posted on 07/27/2023 7:22:48 AM PDT by ClearCase_guy (It's not a government. It's a criminal enterprise. Fear it, but do not respect it.)
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To: Blennos

(Does any reasonable, thinking person still actually believe any government pronouncements?)

You mean like:

“safe AND effective”?


6 posted on 07/27/2023 7:25:29 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Kaiser8408a

Are we just measuring inflation in the GDP?


7 posted on 07/27/2023 7:26:39 AM PDT by Andy from Chapel Hill (Wind energy windmills remove the energy from the wind, which causes global warming.)
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To: Andy from Chapel Hill

“Real” indicates the amount is adjusted for inflation.


8 posted on 07/27/2023 7:46:50 AM PDT by Raycpa
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To: Raycpa

Thanks!


9 posted on 07/27/2023 7:48:31 AM PDT by Andy from Chapel Hill (Wind energy windmills remove the energy from the wind, which causes global warming.)
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To: Raycpa

80% of everything is fake or a lie.


10 posted on 07/27/2023 7:48:43 AM PDT by cp124 (80% of everything is fake or a lie.)
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To: cp124
80% of everything is fake or a lie.

I don't disagree but it is possible to make lemons into lemonade.

11 posted on 07/27/2023 8:28:18 AM PDT by Raycpa
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To: Kaiser8408a

Oh yeah . . . did they mention the Strategic Oil Reserve is on empty . . . . and the gas station has been put out of business by the biden crime syndicate. . . ?


12 posted on 07/27/2023 8:52:35 AM PDT by knarf (I say things that are true . . . I have no proof, but they're true.)
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To: Kaiser8408a

All we are going to get is baloney about the economy until the election.


13 posted on 07/27/2023 9:09:04 AM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: cp124

“ 80% of everything is fake or a lie.”

It’s America…that is 99.9% in America. The rest of the world brings that number down somewhat.


14 posted on 07/27/2023 9:20:48 AM PDT by Scott from the Left Coast (“We should not assume civilization is robust”)
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