Posted on 01/25/2024 5:53:40 AM PST by ChicagoConservative27
WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its sizzling 4.9% growth rate the previous quarter. But the latest figures still reflected the surprising durability of the world’s largest economy, marking the sixth straight quarter in which GDP has grown at an annual pace of 2% or more. Consumers fueled much of last quarter’s expansion.
For the full year, the economy grew 2.5%, up from 1.9% in 2022.
(Excerpt) Read more at breitbart.com ...
“We’re in the money, life is sunny/we got a lot of what it takes to get along.....’’ (sar.)
Can you put some of that $3.00 stuff in an envelope please? Reno-—BIGGEST little gas prices in NevDUH. 🤔
3.3 % more government workers!
Heck, they have to spend their 5-10% annual raises somewhere.
Waiting for the revision. Happy numbers are almost ALWAYS revised down. After the headlines have made HAPPY TALK.
For sure….. and I think the buy now pay later folks have inflated this nonsense number. This all setting up nicely for a crash landing lol.
You nailed it. The “economists” are basing their prognostications on that very thing. Junk science.
When you’re this far down the only direction is up.
Bingo they are making Wall Street very happy hedge fund traders are in fat city.
Working from home. What a joke. They are staying at home doing some work to justify that and watching game shows and soap operas between talking on the phone with their friends and checking on the ‘gram. I remember during the “pandemic” being forced to stay home but my job is more hands on and I was lucky to complete 5 useful tasks in a single day. I much prefer being in the office.
People spending 3% more on products that cost 50% more means sales are actually down 47%
Condolences
😂👍
All those high numbers of Holiday spending are really-—
FEWER ITEMS AT MUCH HIGHER PRICES—TOTAL SPENT HIGHER=BIDEN gets to BRAG.
Maybe the Biden Mob’s economy grew at a surprisingly strong 3.3% pace.
I’m just curious: Is the AP statistic Nominal GDP or Real GDP? The article doesn’t say.
a stroll though the grocery store and you would have thought today’s cost of living exceeded last year’s in the double digits.
Sunshine, lollipops and rainbows....
Yet the real economy sucks. Houses are on the market for months here in one of the fastest growing areas in the country. An unprecedented number of youts have to move back in with parents-—you should hear my 35 year old son talk about this. Interest and inflation are killing lending.
Depending on who you read-—and I’ve seen contradictory claims-—credit card defaults are reaching an all time high. No, the economy is not good for anyone but the top 3%.
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