Posted on 07/15/2022 8:44:26 AM PDT by ConservativeInPA
2nd Quarter GDP: -1.2%
(Excerpt) Read more at atlantafed.org ...
U.S. weekly jobless claims hit 8-month high; labor market still tight
PPI +11.3% Year Over Year, New Jobless Claims Spike to 244K
Consumer Confidence near all time lows: 51.1, -37.1% Y-Y
Welcome to the Liberal New Order! Don’t worry folks, Brandon is off to Saudi Arabia to make America dependent on Middle East oil again. If you hate high gas prices, you’ll absolutely love lower gas prices from our Mooselim friends that will just love to control American policies when they hold America hostage at the gas pump.
You’ll also love when unemployment skyrockets this autumn. The first signs are becoming apparent. Unemployment claims up. Car repos up. 31% of small businesses were not able to pay rent in June. Over 50% of small businesses expect to shutter in 6 months.
Thank God It’s Friday
In the weekly jobless claims link/story why is Reuters using images from July 2021 with everyone masked up? Seems weird and I am so skeptical of everything these days. I think they are in league with all of the other numbskulls that are pushing a return to masks.
I long for the days of Jimmy Carter.
You are probably correct.
Told ya so.
The Globalists are all in this time. Consider this the ‘clear and hold’ section of the agenda.
This month AES bills (electric) have doubled. People are shocked. Just wait til they see their heating bills.
Prepare accordingly.
Biggest problem with the “we’re in a recession right now scenario” that all too many tout: Monthly non-farm payrolls are still running at 100s of thousands a month, a very strong pace.
If and/or when those turn negative, then you can argue that it’s a recession.
For now though, we have to suffer through runaway Biden-Flation caused by the Federal Reserve’s ridiculous policies and fake money printing, and the Federal Government’s insatiable appetite to spend those phony dollars.
These jokers at the Fed make Helicopter Ben look like a piker.
We got our letter yesterday telling us it’s time to sign our Propane Contract for the upcoming year.
Propane is up 47%! ALMOST FIFTY PERCENT!
Last year our contract was $900.00. This upcoming year it will be $1,900.00! A THOUSAND BUCKS MORE!
Beau said to dig out the long johns because we’ll be wearing them both indoors and out this winter.
Let’s Go, Brandon! @#$%^&*! *SPIT*
Our company is in the oil & gas pipeline business and we actually as busy as we ever have been. The problem is we have to use diesel in all of our equipment. For one month our fuel costs were over 300K. Guess who that gets passed along to down the line?
It’s official: RECESSION & STAGFLATION
Many of them live on trust funds so what do they care.
Hate to be the bearer of bad news, your calculation is incorrect.
It's actually up 111%, not 47%.
You did a simple calculation of $900 / $1,900 which gave you 47%.
The correct calculation is: ((1900-900)/900)*100
Inflation is measured by the following:
((newcost - oldcost) / old cost) * 100
Hope this helps.
How did they calculate -1.2%? Did they include inflation?
I think (-1.2%) is 2nd qtr. estimate from 8 July Atlanta Fed.
Today estimate is (-1.5%) Atlanta Fed. https://www.atlantafed.org/cqer/research/gdpnow
Oh, no doubt. I don’t blame our fuel guy AT ALL. Besides, I can’t; he grew up on the farm we now own.
Small Town Life! :)
Listen. I’m CUTE. I don’t HAVE to be smart, LOL!
Yeah, I knew someone here would correct my math.
Somehow, it doesn’t make it any easier to take, though! ;)
Have a great day!
You are correct. I screwed that up or the GDP now page was updated twice. I had this entire post composed less the GDP figure. I waited until the date changed to July 15 on GDP Now to fill in the GDP figure. It now appears as -1.5 on GDP now.
No problemo.
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