Posted on 12/22/2021 6:00:48 AM PST by Browns Ultra Fan
The good news is that US Real GDP grew at 2.3% QoQ in Q3 thanks to massive Federal government and Federal Reserve stiimulus. The bad news? Prices are growing at rate of 6% QoQ, three times higher than the growth of real personal consumption.
Runaway inflation, cooling personal consumption. This is the definition of “stimulyltpo”: the excessive spending by Washington DC in conjunction with excessive monetary stimulus from The Federal Reserve.
Let’s see if Christmas season is jolly with Sewage Joe trying to scare everyone about Omicron.
(Excerpt) Read more at confoundedinterest.net ...
Stimulus money is fake money, so the GDP didn’t grow at all.
I agree. I think they need to review how they calculate GDP if dumping money into the system allows them to shay, see, the GDP grew!! More lefty-tards changing the definitions and practices behind the scenes to get the outcome they need - just like the unemployment stats during the Obola years that the labor dept. finangled.
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