Platinum Contributing Member SnowRider Posted October 26, 2023 Platinum Contributing Member Share Posted October 26, 2023 Is kicking ass JUST IN: US GDP soared to a blockbuster 4.9% in Q3. That’s the highest since the end of 2021 and a big uptick from 2.1% in Q2. Strong consumer spending and gov’t spending drove the growth. Bottom line: No recession in sight. https://x.com/byheatherlong/status/1717519421466448075?s=46&t=qtfBE6Hx9UNW86ETpTlGNQ 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 26, 2023 Platinum Contributing Member Share Posted October 26, 2023 3 hours ago, SnowRider said: Is kicking ass JUST IN: US GDP soared to a blockbuster 4.9% in Q3. That’s the highest since the end of 2021 and a big uptick from 2.1% in Q2. Strong consumer spending and gov’t spending drove the growth. Bottom line: No recession in sight. https://x.com/byheatherlong/status/1717519421466448075?s=46&t=qtfBE6Hx9UNW86ETpTlGNQ Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 26, 2023 Share Posted October 26, 2023 6 minutes ago, Highmark said: Yep Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 26, 2023 Platinum Contributing Member Share Posted October 26, 2023 2 minutes ago, racer254 said: Yep Of course consumer spending is up because of inflation. Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 26, 2023 Share Posted October 26, 2023 Just now, Highmark said: Of course consumer spending is up because of inflation. Common sense, right? Quote Link to comment Share on other sites More sharing options...
akvanden Posted October 26, 2023 Share Posted October 26, 2023 7 minutes ago, racer254 said: Common sense, right? That’s the exact opposite of common sense unless wages are growing at the same rate of inflation. Quote Link to comment Share on other sites More sharing options...
T1R9sledder Posted October 26, 2023 Share Posted October 26, 2023 4 hours ago, SnowRider said: Is kicking ass JUST IN: US GDP soared to a blockbuster 4.9% in Q3. That’s the highest since the end of 2021 and a big uptick from 2.1% in Q2. Strong consumer spending and gov’t spending drove the growth. Bottom line: No recession in sight. https://x.com/byheatherlong/status/1717519421466448075?s=46&t=qtfBE6Hx9UNW86ETpTlGNQ It's kicking ass that's for sure. It's kicking our asses. Strong consumer spending and government spending drove the drove ....amazing.....amazing Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 26, 2023 Share Posted October 26, 2023 Is the president responsible for gas prices this week? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted October 26, 2023 Author Platinum Contributing Member Share Posted October 26, 2023 44 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." 1 hour ago, Highmark said: Of course consumer spending is up because of inflation. 1 hour ago, racer254 said: Common sense, right? 2 hours ago, Highmark said: 1 hour ago, racer254 said: Yep Looks like you two have enough rope Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 26, 2023 Platinum Contributing Member Share Posted October 26, 2023 1 minute ago, SnowRider said: Looks like you two have enough rope Like I said energy and food are not in normal inflation calculations but make up a significant percentage of impact on families. I'm not sure if they would be adjusted for in GDP. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted October 26, 2023 Author Platinum Contributing Member Share Posted October 26, 2023 3 minutes ago, Highmark said: Like I said energy and food are not in normal inflation calculations but make up a significant percentage of impact on families. I'm not sure if they would be adjusted for in GDP. Gas is barely 3 bucks a gallon and food prices have stabilized. Any more excuses? Your cult leader bragged about 2% GDP growth and you slobbed his knob over it. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 26, 2023 Platinum Contributing Member Share Posted October 26, 2023 (edited) 3 minutes ago, SnowRider said: Gas is barely 3 bucks a gallon and food prices have stabilized. Any more excuses? Your cult leader bragged about 2% GDP growth and you slobbed his knob over it. Barely. $4.50+ for diesel as well. https://gasprices.aaa.com/ I've stated in other threads that parts of the economy are doing well however the GDP numbers are not completely indicative of how the ave American feels. Edited October 26, 2023 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted October 26, 2023 Author Platinum Contributing Member Share Posted October 26, 2023 1 minute ago, Highmark said: Barely. $4.50+ for diesel as well. https://gasprices.aaa.com/ Paid $3.14 yesterday Quote Link to comment Share on other sites More sharing options...
01mxz800 Posted October 26, 2023 Share Posted October 26, 2023 1 minute ago, SnowRider said: Paid $3.14 yesterday Watered down gas from a Indian reservation? Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 26, 2023 Share Posted October 26, 2023 27 minutes ago, Highmark said: Barely. $4.50+ for diesel as well. https://gasprices.aaa.com/ I've stated in other threads that parts of the economy are doing well however the GDP numbers are not completely indicative of how the ave American feels. That is a fact. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 26, 2023 Share Posted October 26, 2023 6 hours ago, SnowRider said: Bottom line: No recession in sight. wrong, just dead wrong but the recession will have far more to do with the action of the federal reserve than it does/did Biden, Trump, Obama, etc. the Fed only serves Wall St and the sooner you (or anyone else here) can drill that into your skull(s) the smarter you'll be. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 26, 2023 Share Posted October 26, 2023 Trump said if he was president he would have the best recession. 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted October 26, 2023 Platinum Contributing Member Share Posted October 26, 2023 Just picked up a few things at the grocery store. Milk, bread, water and eggs. $135 later 1 Quote Link to comment Share on other sites More sharing options...
Deephaven Posted October 27, 2023 Share Posted October 27, 2023 8 hours ago, SnowRider said: Gas is barely 3 bucks a gallon and food prices have stabilized. Any more excuses? Your cult leader bragged about 2% GDP growth and you slobbed his knob over it. Stabilized?? You should get out once. Fucking hamburgers are more than $20. Shit is out of control. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 27, 2023 Share Posted October 27, 2023 7 hours ago, Deephaven said: Stabilized?? You should get out once. Fucking hamburgers are more than $20. Shit is out of control. price gouging started in 2020 and the 'corporate foot' hasn't come off the throttle yet. sure, wages went up but profits are also up with less production and productivity. 12 hours ago, Skidooski said: Just picked up a few things at the grocery store. Milk, bread, water and eggs. $135 later $5 milk $5 bread $? water (free from the tap) $3 eggs = $135 ? let's see the receipt... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted October 27, 2023 Platinum Contributing Member Share Posted October 27, 2023 5 minutes ago, Crnr2Crnr said: price gouging started in 2020 and the 'corporate foot' hasn't come off the throttle yet. sure, wages went up but profits are also up with less production and productivity. $5 milk $5 bread $? water (free from the tap) $3 eggs = $135 ? let's see the receipt... 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 27, 2023 Share Posted October 27, 2023 4 minutes ago, Skidooski said: but seriously, how did you arrive at $135 for a few staple items? do you shop at Whole Foods? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted October 27, 2023 Platinum Contributing Member Share Posted October 27, 2023 Just now, Crnr2Crnr said: but seriously, how did you arrive at $135 for a few staple items? do you shop at Whole Foods? Dude...come on .....you don't actually believe I spent $135 on those few items do you? 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted October 27, 2023 Share Posted October 27, 2023 GDP always spikes high before a major recession. The people are for all practical purposes finally out of cash. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 27, 2023 Share Posted October 27, 2023 19 minutes ago, Skidooski said: Dude...come on .....you don't actually believe I spent $135 on those few items do you? I don't Why did you post it then? Quote Link to comment Share on other sites More sharing options...
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