Posted on 04/01/2022 5:57:02 AM PDT by weston
Also banned as disinformation, the deadly Ivermectin....the same one that the idiot Harris is taking now, but being thankful for the clot shots.
Yes! Ban the NEA (both of them). National Education Association and National Endowment for the Arts.
Give education back to the states and encourage the voucher system. Put parent boards in each school and all curriculum and hiring must be approved of by them. No more blue-headed, nose-ringed, tatted and pierced perverts.
U.S. economic growth rate unexpectedly declined in the first quarter by 1.4%
PUBLISHED THU, APR 28 2022 8:31 AM ED TUPDATED 7 MIN AGO
Jeff Cox
FTA
Gross domestic product unexpectedly declined 1.4% in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.
The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter.
A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year.
Rising omicron infections to start the year hampered activity across the board, while inflation surging at a level not seen since the early 1980s and the Russia invasion of Ukraine also contributed to the economic stasis.
Prices increased sharply during the quarter, with the price index for gross domestic purchases surging 7.8% in the three-month period, following a 7% gain in the fourth quarter of 2021.
While recession expectations on Wall Street remain low, there’s further trouble ahead: In an effort to combat burgeoning price increases, the Federal Reserve plans to enact a series of rate hikes aimed at slowing growth further.
Current market pricing indicates the equivalent of 10 quarter-percentage-point interest rate moves that would take the Fed’s benchmark interest rate to about 2.75% by the end of the year. That comes after two years of near-zero rates aimed at allowing a recovery from the steepest recession in U.S. history.
Along with that, the Fed has halted its monthly bond-buying program aimed at keeping rates low and money flowing through the economy. The Fed will start shrinking its current bond holdings as soon as next month, slowly at first then ultimately at a pace expected to hit as high as $95 billion a month.
While economists still largely expect the U.S. to skirt an outright recession, risks are rising.
Goldman Sachs sees about a 35% chance of negative growth a year from now. In a forecast that is an outlier on Wall Street, Deutsche Bank sees the chance of a “significant recession” hitting the economy in late 2023 and early 2024, the result of a Fed that will have tighten much more to tamp down inflation than forecasters currently anticipate.
That all comes after a year in which GDP rose at a 5.7% pace, the fastest since 1984. While consumer expenditures, which account for nearly 70% of the U.S. economy, drove growth in the first half of 2021, an inventory rebuild from the depleted pandemic levels accounted for almost all the growth in the final two quarters of the year.
Sustaining that growth into 2022 will require an easing in clogged supply chains and some resolution in Ukraine, both of which will face pressures from higher interest rates from not just the Fed but also global central banks that are engaged in a similar struggle against inflation.
https://www.cnbc.com/2022/04/28/us-q1-gdp-growth.html
Being and introvert as well, it sounds horrible! I’d be grabbing books, locking my doors, and fasting from the public.
BREAKING: US GDP dropped 1.4% in Q1 2022.
This negative economic growth was FAR worse than expected.
Negative economic growth for 2 quarters = a recession.
Inflation at 40 year high + recession = stagflation.
Joe Biden = Jimmy Carter
There is no other way to spin this.— Benny Johnson (@bennyjohnson) April 28, 2022
Joe Biden is a failed president.
The Administration that activated the FBI against parents at school board meetings now has created a government Disinformation Board to monitor all Americans’ speech. It’s a disgrace. Joe Biden & Secretary Mayorkas: dissolve this monstrosity immediately pic.twitter.com/hSnMpREizI— Josh Hawley (@HawleyMO) April 28, 2022
gub, they are using our favorite word again:
___________________________________________________________
Disclose.tv
@disclosetv
· 1h
JUST IN - United States economy has unexpectedly declined at 1.4% annual pace in the first quarter.
#4767 was meant for you.
Fr. Frank Pavone
@frfrankpavone
·
1h
Awake, Christians. The Democrat party must be totally abolished.
It could not possibly be more anti-God, anti-life, anti-family, anti-freedom, and anti-gospel.
The new document is signed by many US allies, including the governments of France, Israel, Japan and the UK, but the list doesn’t include many of the largest but relatively poor democracies, such as Brazil, India, Nigeria, Pakistan and the Philippines.
Alex Bruesewitz
@alexbruesewitz
·
2h
There still needs to be Justice for Ashli Babbitt.
Hopefully, ELON shut the backdoor.
HUGE — @RepJamesComer on @MariaBartiromo: "We believe that Hunter Biden is a national security threat, and now we have every reason in the world to believe that Joe Biden was in fact in business with Hunter Biden."
pic.twitter.com/qZlbEJxWnd— Benny Johnson (@bennyjohnson) April 28, 2022
Just waiting for the first lefty to pronounce that the laptop from hell is old news and been debunked.
Morning, Gran!
Thank goodness for Sen Hawley....where are all of the other Rs, holding pressers (ala McCarthy-Luntz’s non-apology presser) against this horrid “disinformation” board???
Is this also the vehicle they’ll use to allow UN to ‘manage’ our PlanDemIc ‘measures’??
But, but, but I thought the paper of record, the NYSlimes, finally authenticated the Laptop from Hell.
Good morning to you.
I think many pubbies, think RINOS, would be very happy with the Ministry of Truth.
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