“Unexpectedly”.....Due to white males....
Stagflation is here for the next few years.
showed the economy grew at an annualized pace of 1.6% during the period. Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 2.5% during the period.
None of my airplane models in my youth actually flew..............
Consumer prices rose at a 4.2 percent annual rate in the first quarter, according to the data released Thursday, faster than at the end of last year and well above the Fed’s target of 2 percent. GDP Report: US Economy Grew at 1.1% Rate in Q1 - The New York …
www.nytimes.com/2023/04/27/business/economy/gdp-q1-economy.html
When the inflation exceeds the growth, we call that a recession.....
And I would bet A LOT of money that that 1.6% will get revised downward and the revised number will then be hidden on the back pages of newspapers.
What that really means is that we be in a recession even right now.
1.6% “growth” on a 6.something% federal deficit (borrowing).
Because communism sucks. Morons.
BIDEN, pure economic genius!
“ The softer-than expected print is a sign that the Federal Reserve’s historic interest rate hikes are putting pressure on consumers and the economy. Investors have been closely watching economic data releases for clues on when the central bank will begin to lower rates.”
Operative paragraph. The statistics are being manipulated to give the green light to the Fed to lower interest rates. Translation: Biden needs a bump for Nov.
How bad did they cook the books to get it positive?
What part grew? Government spending! We are now printing 1T USD every month instead of every 90 days. Yea, all the economic stimulation and soon we’ll need a 1T a month just for interest to service the debt. That will keep NYC going no doubt.
And the big miss on durable goods orders does not suggest it’s going to get better.
Predictions for low GDP growth this year have been going on for a while. The sugar high from Covid spending is ending, and retail is gasping for breath since the re-start of student loan payments.
The “soft landing” trope is going to go the way of the dodo bird this summer.
Surprising? Is this the new "unexpected"... not unexpected to anyone who has been to a grocery store in the last six months. LOL.
With all the Fed jobs masking reality, this really sucks.
I accidentally heard a minute of NPR. Searched with a microscope and actually found encouraging signs to boost Biden.
Overall the year still looks good.
People still spending a lot of money (admitted it was on credit cars) partly due to inflated prices for same things.
Can’t remember the other BS. Unbelievable.
Media can shape everything to tell the moronic American people to vote for the Dems again.