Posted on 07/27/2023 5:42:45 AM PDT by zeestephen
GDP, the sum of all goods and services activity, increased at a 2.4% annualized rate for the April-through-June period, better than the 2% consensus estimate from Dow Jones.
(Excerpt) Read more at cnbc.com ...
I’d bet almost all of that GDP growth was in the government spending portion of the GDP calculation.
The economy is a bit strange. The GDP and stock market is hot. But the inflation is still too high. Hopefully this last interest rate hike will alleviate inflation once and for all. Corporations need to look at their pricing too.
To be adjusted ...
Take away government spending (financed with the most massive deficits in history) and we are in deep recession. Massive layoffs are still happening.
A relative works for a major auto repair chain. Their sales are way down and worker hours have been cut. When people stop maintaining their cars and replacing worn-out tires, you know it is bad.
We did some SMART THINGS, like taking out Europe’s supply of cheap natural gas and thus forcing them to buy our LNG...and then blaming Russia for that move!
GMTA
We are reshoring and rebuilding supply chains in the USA and Mexico. 5000 unit global supply chains are dead. Just in Time inventory is dead.
Regional supply chains and Just in Case inventory is taking over. But, it’s going to cost a lot money in the short term.
Inflation is deducted from the GDP calculation. When you lie about inflation you inflate the GDP. There is no way GDP grew two and a half percent when they understate inflation by at least half.
The Ukraine Russia war spending. Demicrats start wars to stimulate the economy.
Absolute bullshit. How can a country with a GDP of 20 some trillion have a US Equity Market Value (the sum value of each corporate entity) over TWICE that? $46 Trillion. It can’t. It’s all bullshit.
Yep
Gee, I hope it’s not revised downward ⬇️
😁🤣
It follow suit. Government hiring represented the largest chunk of new hires last month.
At this rate, everybody in the U.S. (American or illegal) will be a public employee in another year.
Are you saying it’s a House of Cards that will collapse?
Because I probably wouldn’t disagree with that
World War III will provide a distraction ...
I would believe -1% and that number even includes government spending, which it should not.
Let’s wait til the next quarter to see if last quarter’s numbers are revised downward.
Exactly. I remember all of obama term revided down. Under Trump revised up.
Inflation at 4 or 5 % and GPD was only at 2.4%. So the Economy shrunk or is the GPD adjusted for inflation?
Yup
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.