These lying sacks have picked up the bullshit baton from Pravda.
The Hill
The four components of gross domestic product are personal consumption, business investment, government spending, and net exports.
I’ll take massive government spending for $500 Alex
These lying sacks have picked up the bullshit baton from Pravda.
Just wait. First, the student loan deferrment ends in September, which means that most of these millions of borrowers will now have to pony up $300 to $1,200 per month to pay back their loans. For two years these deadbeats have been spending this money on personal consumption.
Second, consumers had fattened up their savings under Trump and when COVID hit, and the spending of that savings over the last year has been a tailwind for the economy. Credit cards are starting to get maxxed out, which will result in a decline spending.
Third, businesses can only shrink their goods so much. I ordered a McDonald’s hamburger yesterday and it was barely bigger than a White Castle burger.
Fourth, the impact of the interest rate hikes have not fully kicked in. Those maxxed out credit cards are having their interest rates increase.
Give it about another 6 months for the balloon to popl
Ignore that $4.59/gal gas. $3.99 hostess twinkees. Take out food and energy costs and things are all unicorns and rainbows. Come on man!!!!!
US Economy Blows
Every day is a contest between who lies more, Asspress or The Hill.
The government puts out rigged numbers and the communist Hill is there to push the narrative.
Gross output, the real measure of the economy, has been in decline for 2 straight years. The CPI numbers are a joke. Fuel and food are up around 60% in the past two years.
Everyone is getting poorer and they’re reminded of it every time they go grocery shopping.
Waiting for the “unexpectedly” in revisions.
Here’s the one takeaway not mentioned: Was the growth in the economy normalized against the inflation rate in comparison to other quarters?
is the market down today?
In the fwiw department, in two weeks the annualized GDP will be adjusted down by one point. Or up if unfavorable to the current democrat administration.
I’m not a seer, the labor department, commerce, etc do it all the time. Crime statistics, unemployment rate, GDP growth, balance of payments, inflation etc.
If it wasn’t so serious, it would be hilarious... Like a clown show with cars at the circus.
5.56mm
At first, I misread the headline as “3 quick fakeaways,” and was not disappointed.
At first, I misread the headline as “3 quick fakeaways,” and was not disappointed.
Now, refill the Petrolem Reserve...
Same propaganda in reverse when they want to stay.
US recession fears ease amid strong GDP growth
🤣🤣🤣🤣🤣
The numbers........... we know numbers well, like with covid