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Economic growth rate slows to 2% on a sharp slowdown in consumer spending
CNBC ^ | THU, OCT 28 20218:31 AM EDT | Jeff Cox

Posted on 10/28/2021 7:43:21 AM PDT by Red Badger

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To: JoSixChip

>>I missed a hell of an up side<<

Be patient..you’ll have an opportunity for a heck of a entry point.

Back b4 March 2020, I was sitting on 100% cash...markets tanked that month. Like a Las Vegas poker player, I shoved in a crap load of chips.

Did very well when the markets rebounded from 18.6k to mid 30K.

A correction is coming.


21 posted on 10/28/2021 10:06:52 AM PDT by servantboy777
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To: Revel

>>I don’t trust these numbers. I am willing to bet it is way worse.<<

I’m willing to bet...you’re correct.


22 posted on 10/28/2021 10:11:00 AM PDT by servantboy777
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To: Red Badger

Well, Psaki should be happy: according to her, spending less will fix the backlog of ships!


23 posted on 10/29/2021 5:16:31 AM PDT by Chicory
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To: Red Badger

It really feels like the country has been either teetering on or in a big recession since 9/11. I don’t know it’ll ever get any better either. Really sucks.


24 posted on 10/29/2021 5:19:42 AM PDT by Islasorna
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To: Islasorna

Recessions are always temporary, and are relative to the growth of the GDP over time.

Right now we are in a government caused economic stall because of all the free money they gave out. People don’t want to work, they just sit on their asses at home and get paid to do so.

Practically every business here has Help Wanted and Now Hiring signs up, but no takers, even at $15/hour.

Bidumb’s economic plan they just worked out a ‘framework’ for will exacerbate the employment problem, more free money.
It’s gonna be a bumpy ride for the next 3 years so buckle up, and hang on!.............................


25 posted on 10/29/2021 5:27:52 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Chicory

These people are ignorant and/or stupid. They live in a fantasy world...........................


26 posted on 10/29/2021 5:29:36 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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