Posted on 10/02/2021 3:28:52 PM PDT by Browns Ultra Fan
Build back badly?
The Atlanta Fed GDPNow model estimate for real Q# GDP growth (seasonally adjusted annual rate) is 2.3 percent on October 1, down from 3.2 percent on September 27. After recent releases from the US Bureau of Economic Analysis, the US Census Bureau, and the Institute for Supply Management, the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real gross private domestic investment growth decreased from 2.2 percent and 15.9 percent, respectively, to 1.4 percent and 12.9 percent, respectively, while the nowcast of the contribution of the change in real net exports to third-quarter real GDP growth increased from -1.36 percentage points to -1.27 percentage points.
Here is the breakdown.
Its a slow down. The massive Federal stimulus seems to be wearing-out faster than expected.
(Excerpt) Read more at confoundedinterest.net ...
“ Build back badly?”
Only if you look at it from a US citizen’s point of view, and this pretend administration clearly does not work for the US
“Build Back Debtor”
If GDP was adjusted for debt and inflation, it’s negative.
This is what the regime wants. US Citizens 3rd class people, immigration at all high time, ports backlogged,, etc. This regime wants it to happen. They are planning it.
Just wait till they pass their fully paid for 5.5 trillion dollar tax increase bill.
The Fed is manufacturing an excuse to not raise interest rates
They know full well the impact raising rates would have on Government debt. Therefore they will do everything except their job.
So get ready for stagflation cause here it comes. Biden is Jimmy Carter 2.0
📌
“More than 2.9 million people have signed a Change.org petition calling for the federal government to provide $2,000 in monthly stimulus payments. The petition, which is one of the more popular stimulus petitions on the website, is called “$2000/month to every American #moneyforthepeople #covid19″ and is directed at Congress.”
https://www.nj.com/coronavirus/2021/09/stimulus-update-2000-monthly-checks-petition-grows-closer-to-milestone-number-of-signatures.html#:~:text=More%20than%202.9%20million%20people%20have%20signed%20a,American%20%23moneyforthepeople%20%23covid19%E2%80%B3%20and%20is%20directed%20at%20Congress.
well, one really should adjust for inflation. 6.1% growth with 6% inflation is 0.1% growth.
And 2.3% growth with 6% inflation is not growth but its opposite.
Only way to fix it is unlimited immigration from Haiti and Afghanistan
Hip-hop can bring them back from the brink.
You have to demolish a thing before you can build back.
Everything the controlling leftist do ends in punitive disaster for the people. If some don’t get it by now, they never will.
It is physiological .....and most people do not have a good picture of the future...for they own reasons
build back bust ...
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