Heartaches In Heartaches! US Q2 Real-time GDP Stumbles To 0.446% As Fed Continues Monetary Stimulypto (What Will Happen When The Fed Pulls The Plug??) March Pending Home Sales Decline -8.90% YoY

Confounded Interest ^ | 04/27/2022 | Anthony B. Sanders

[Browns Ultra Fan]

Heartaches in heartaches. US GDP growth for Q2 has stumbled to 0.446% as The Fed is launching quantitative tightening (QT) to fight the inflation that they caused in the first place.

According to the Atlanta Fed’s GDPNow real-time GDP tracker, US GDP growth has stumbled to a meager 0.446%. Despite the massive stimulus from The Federal Reserve and Washington DC’s massive fiscal stimulus.

Biden, Powell and Congress are driving me crazy with inflation/price changes.

No corporate economists, inflation is NOT a good thing.

Pending home sales decline 8.9% in March, another heartache for Americans.

Will The Fed say good bye to its Snake Juice??

[Browns Ultra Fan]

I think Biden and his family are stupid and HATE meritocracy since the only way they make millions is dismantling meritocracy in favor of "equality."

[Brian Griffin]

The Treasury knows the national government by itself is $30 trillion in debt and believes that massive inflation is the solution to past and present overspending to buy votes.

[Brian Griffin]

Joe Biden was not stupid until his dementia set in.

He is now just a puppet, but he knows that if he doesn’t respond to handler string pulls, he’ll be put out to political pasture.

[citizen]

The FED & Dem Congress want to keep all the balls in the sir, more or less, until the mid-terms. When the likely bloodbath occurs, rates are jacked just enough to bring on recession (depression?) and the conservative Congress (and Russia Russia Rissia!) gets the blame.

Biden or whoever, Dem pols and social media (but not Twitter, now?) promise handouts, bailouts and an EV (not Tesla, lol) in every garage.

[citizen]

crap! lol sir = air

[Sirius Lee]

Pending home sales decline 8.9% in March, another heartache for Americans.

I wonder how much of this is driven by just a lack of inventory.

[hinckley buzzard]

Kind of worked well for 1920s Germany, paying off WWI reparations with worthless Deutschmarks. If the dollar becomes worthless the 30 trillion dollar national debt gets paid off with monopoly money.

[ConservativeInPA]

0.446%, really? What's the margin of error? Recession heading our way in Q4.

Here's a little MAGA perspective on GDP. The foreign balance of trade is a key component of calculating GDP. GDP increases when the total value of goods and services that US producers export to foreign countries exceeds the total value of imported goods. The converse is true as well.

Biden, Democrats and RINOs continue to engage in anti-competitive trade policies geared towards importing goods from places like China. I contend the real indicator of American economic health is the trade deficit or lack thereof. A key to this is the energy sector that thrives when America is a net exporter of energy. There is also a global competitive advantage for American businesses when domestic energy is inexpensive compared to foreign energy.

[Basket_of_Deplorables]

“What does this have to do with Ukraine, and the Evil Putin?!?”

—useful idiots everywhere

[SteveH]

i think the saying was actually heartache to heartache as un the joe cocker song. however, then i found this

https://www.youtube.com/watch?v=vpNR6GVTq6Q

(”heartaches in heartaches” by andrew gold)