GDP grew at 1.6% rate in the first quarter, lower than expected.....DOW opened down 500+ points

[1srelluc]

MSN

Economists had expected GDP growth to increase by 2.5%, so the reading is worse than anticipated.

Wall street is trying to put a good face on it hoping for fed rate cuts.

The Dow opened 500+ points down.

 

[DudleySmith]

So it hasn't even made up for inflation and is in fact declining in real terms.

 

[DudleySmith]

MSN

Economists had expected GDP growth to increase by 2.5%, so the reading is worse than anticipated.

Wall street is trying to put a good face on it hoping for fed rate cuts.

The big institutional funds are bailing out of stocks, and banks around the world are buying up gold. Another crash on the way. Real state bubble is weakening.

 

[Faun]

So it hasn't even made up for inflation and is in fact declining in real terms.

What do you mean it hasn't made up for inflation? Of course it has. It was above 0%.

 

[DudleySmith]

What do you mean it hasn't made up for inflation? Of course it has. It was above 0%.

Were you and Todd in the same math classes?

 

[Votto]

MSN

Economists had expected GDP growth to increase by 2.5%, so the reading is worse than anticipated.

Wall street is trying to put a good face on it hoping for fed rate cuts.

The Dow opened 500+ points down.

They may want to find another face.

 

[Faun]

Were you and Todd in the same math classes?

No. Why are you too scared to just answer my question?

 

[1srelluc]

Looks like META shitting the bed on earnings didn't help. Down 534 now.

 

[DudleySmith]

U.S. gdp growth rate for 2022 was 1.94%, a 4.01% decline from 2021. U.S.-----> see below
gdp growth rate for 2021 was 5.95%, a 8.71% increase from 2020. ----------> massive Corporate welfare programs.
U.S. gdp growth rate for 2020 was -2.77%, a 5.06% decline from 2019.
U.S. gdp growth rate for 2019 was 2.29%, a 0.65% decline from 2018.

U.S. GDP Growth Rate 1960-2024

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the...

www.macrotrends.net

U.S. inflation rate for 2022 was 8.00%, a 3.3% increase from 2021.
U.S. inflation rate for 2021 was 4.70%, a 3.46% increase from 2020.
U.S. inflation rate for 2020 was 1.23%, a 0.58% decline from 2019.
U.S. inflation rate for 2019 was 1.81%, a 0.63% decline from 2018.

U.S. Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

www.macrotrends.net

Double the inflation rate numbers, as they always lie about those.

 

[JohnDB]

National debt is going to become a REAL CONCERN sooner than you think....the interest alone is requiring more debt to pay it.

 

[DudleySmith]

No. Why are you too scared to just answer my question?

You wish. It's just that you're a baby killing kiddie raper fan and nobody cares what you think, especially me. You're here to be mocked, not treated as a serious poster.

 

[DudleySmith]

National debt is going to become a REAL CONCERN sooner than you think....

Not really a problem for the top 2%. It's already being pushed off on the lower income brackets, so no problem. The GOP is ready with its 'Fair Tax' scam, the Democrats are working hard on replacing citizens with illegals who don't speak English, etc. Both Parties are taking advantage of the failed education system to exploit The Stupid.

 

[Faun]

U.S. gdp growth rate for 2022 was 1.94%, a 4.01% decline from 2021. U.S.-----> see below
gdp growth rate for 2021 was 5.95%, a 8.71% increase from 2020. ----------> massive Corporate welfare programs.
U.S. gdp growth rate for 2020 was -2.77%, a 5.06% decline from 2019.
U.S. gdp growth rate for 2019 was 2.29%, a 0.65% decline from 2018.

U.S. GDP Growth Rate 1960-2024

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the...

www.macrotrends.net

U.S. inflation rate for 2022 was 8.00%, a 3.3% increase from 2021.
U.S. inflation rate for 2021 was 4.70%, a 3.46% increase from 2020.
U.S. inflation rate for 2020 was 1.23%, a 0.58% decline from 2019.
U.S. inflation rate for 2019 was 1.81%, a 0.63% decline from 2018.

U.S. Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

www.macrotrends.net

Double the inflation rate numbers, as they always lie about those.

Speaking of math, whoever wrote that shit is an idiot. Example... 4.7% to 8.0% is NOT a 3.3% increase. Only a retard would think that it is.

 

[ReinyDays]

National debt is going to become a REAL CONCERN sooner than you think....

"Too big to fail" was my first clue ... Clinton was the last President to make budget ... George XLIII cut taxes for The Rich ... 30 trillion dollars ago ...

No, I'm not concerned ... The Rich will make sure the money stays good ...

 

[Faun]

You wish. It's just that you're a baby killing kiddie raper fan and nobody cares what you think, especially me. You're here to be mocked, not treated as a serious poster.

LOL

You're such a pussy. A dramatic one at that. So I'll answer for you since you're too scared to answer.

Moron, inflation was already factored into that 1.6% real GDP rate.

Inflation for the 4th quarter was 3.2%.

Nominal GDP increased 4 8%.

Hence, factor that inflation into nominal GDP to arrive at 1.6% real GDP annualized growth.

Now everyone here sees why you're so scared of me. I just exposed you don't even know the difference between nominal GDP and real GDP.

 

[DudleySmith]

Speaking of math, whoever wrote that shit is an idiot. Example... 4.7% to 8.0% is NOT a 3.3% increase. Only a retard would think that it is.

Ah, so you did go to class with Todd.

 

[Rawley]

MSN

Economists had expected GDP growth to increase by 2.5%, so the reading is worse than anticipated.

Wall street is trying to put a good face on it hoping for fed rate cuts.

The Dow opened 500+ points down.

FJB

 

[DudleySmith]

LOL

You're such a pussy. A dramatic one at that. So I'll answer for you since you're too scared to answer.

Moron, inflation was already factored into that 1.6% real GDP rate.

Inflation for the 4th quarter was 3.2%.

Nominal GDP increased 4 8%.

Hence, factor that inflation into nominal GDP to arrive at 1.6% real GDP annualized growth.

Now everyone here sees why you're so scared of me. I just exposed you don't even know the difference between nominal GDP and real GDP.

So now you proved you don't know how any of those numbers are calculated and hope nobody notices you're retarded. Okay.

 

[Faun]

Ah, so you did go to class with Todd.

Nope. Just pointing out facts. Seems those scare you too.

 

[Moonglow]

National debt is going to become a REAL CONCERN sooner than you think....the interest alone is requiring more debt to pay it.

Trump paid off the debt when he was president