4.9

[BOHICA]

https://abcnews.go.com/amp/Business/us-economy-expected-grown-blistering-pace-3rd-quarter/story?id=104219612
 

US economy grew at blistering pace in 3rd quarter

U.S. GDP grew at a 4.9% annualized rate over three months ending in September.

[Bontz]

Is this going to end up being like one of those latest job reports?  Where they go back and adjust it for accuracy a few days later?

[SkisNH]

Look for another 25 basis points...we will be earning over 6% fixed. It may not seem great in the face of inflation, but grab a stack of bonds you will see price appreciation when people flee to safety. 

[teamgreen02]

1 hour ago, SkisNH said:

Look for another 25 basis points...we will be earning over 6% fixed. It may not seem great in the face of inflation, but grab a stack of bonds you will see price appreciation when people flee to safety. 

yup, another 25 bips.  10% mortgages here we come!  The average new car loan is already 10%, used is well over that.

[Skidooski]

Damn you even beat DerpRider with the topic

[teamgreen02]

The market reacting to the news.

[Highmark]

Inflation and increases in govt spending.   What a way to grow gdp.    

Hell what we gave to Ukraine was worth 1/2 a percentage point.    

Edited October 26, 2023 by Highmark

[spin_dry]

16 minutes ago, teamgreen02 said:

The market reacting to the news.

They smell another rate hike. As long as manufacturing keeps pouring back into the country this is going to happen. Our GDP is skyrocketing and china’s is falling flat. It’s way cheaper to make stuff here. 

[teamgreen02]

1 minute ago, spin_dry said:

They smell another rate hike. As long as manufacturing keeps pouring back into the country this is going to happen. Our GDP is skyrocketing and china’s is falling flat. It’s way cheaper to make stuff here. 

Everyone moved production to Mexico.  Instead of offshoring to China they are nearshoring to Mexico.

[akvanden]

52 minutes ago, Highmark said:

Inflation and increases in govt spending.   What a way to grow gdp.    

Hell what we gave to Ukraine was worth 1/2 a percentage point.    

"Gross domestic product, a measure of all goods and services produced in the economy, grew at an annualized 4.9% rate in the third quarter, the Commerce Department reported Thursday. GDP is adjusted for inflation and seasonal swings."

[Highmark]

20 minutes ago, akvanden said:

"Gross domestic product, a measure of all goods and services produced in the economy, grew at an annualized 4.9% rate in the third quarter, the Commerce Department reported Thursday. GDP is adjusted for inflation and seasonal swings."

Makes sense....however since energy and food isn't taken into account in inflation numbers I wonder that impact.   Also doesn't take into account increases in govt spending.  I can tell you the ave Joe doesn't think the economy is great. 

Edited October 26, 2023 by Highmark

[spin_dry]

51 minutes ago, teamgreen02 said:

Everyone moved production to Mexico.  Instead of offshoring to China they are nearshoring to Mexico.

Manufacturing growth in the US during 2022 was 6.2%. Could be more for 2023. That is driving inflation with supply chain issues and wage pressures. Manufacturing PMI has been dropping in Mexico. Suspected security concerns. The US, India, and SE Asia are the hot spots. China is fucked. They have to import almost everything including energy. It’s why they’re running around like a drunk chickens trying secure all these oil contracts. Ridiculous.