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

[DudleySmith]

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

No, you weren't. And now we know for certain you don't do math as well. Was it too racist for you or something?

 

[JohnDB]

Trump paid off the debt when he was president

Not exactly true. The Government debt was restricted to the GDP growth at the time. Not exactly shrinking but not growing exponentially either.

Besides....congress controls the budget...president does have a bully pulpit to beat congress from....but that's as far as it goes.

Currently if we get any sort of budget out of such a divided congress it will be a miracle.

 

[Faun]

No, you weren't. And now we know for certain you don't do math as well. Was it too racist for you or something?

Of course I was. Watch this...

Your problem here is abject ignorance, not racism. You literally posted 4.7% to 8.0% is an increase of 3.3%. No, you math addled imbecile, it's a 70% increase. It's a 3.3 point increase.

It must truly suck to get schooled by someone you mock.

 

[ReinyDays]

Trump paid off the debt when he was president

... which is why I voted for him in 2020 ...

 

[ReinyDays]

Your problem here is abject ignorance, not racism. You literally posted 4.7% to 8.0% is an increase of 3.3%. No, you math addled imbecile, it's a 70% increase. It's a 3.3 point increase.

Nice ...

 

[Grumpyolman]

Joe's money printing has begun to hurt.
It's very much like a drug. The money is nice initially, but then it begins to wear off, leaving a very unhappy crack head.
Nice going, Joe. You idiot.

 

[Moonglow]

Joe's money printing has begun to hurt.
It's very much like a drug. The money is nice initially, but then it begins to wear off, leaving a very unhappy crack head.
Nice going, Joe. You idiot.

Is that why there is a contraction in the money supply? Quantitative tightening is happening now.

 

[Crepitus]

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

Those numbers don't work that way.

 

[Crepitus]

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.

The market will be up by 500+ tomorrow on the next whim. None of this means anything.

 

[Crepitus]

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

Just wait until tesla's report, then it's really gonna tank.

But it will shoot back up again in a day or two.

Daily market fluctuations are meaningless. You gotta think month to month or at least week by week.

 

[Crepitus]

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.

So you're terrified and lashing out.

 

[Crepitus]

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.

republican math.

It hits different.

 

[citygator]

I graphed GDP and USMB reactions. It doesnt matter what the GDP is the fainting goats will faint.

 

[Crepitus]

Were you and Todd in the same math classes?

A lesson for our less educated friends:

Real GDP Calculation​

Calculating real GDP is a complex process typically best provided by the BEA. In general, calculating real GDP is done by dividing nominal GDP by the GDP deflator (R).

Real GDP=Nominal GDPRwhere:GDP=Gross domestic productR=GDP deflatorReal GDP=RNominal GDPwhere:GDP=Gross domestic productR=GDP deflator


The BEA provides the deflator on a quarterly basis. The GDP deflator is a measurement of inflation since a base year. Dividing the nominal GDP by the deflator removes the effects of inflation.4

For example, if an economy's prices have increased by 1% since the base year, the deflating number is 1.01. If nominal GDP was $1 million, then real GDP is calculated as $1,000,000 / 1.01, or $990,099.

Real Gross Domestic Product (Real GDP): How to Calculate It, vs. Nominal

Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.

www.investopedia.com

 

[1srelluc]

The market will be up by 500+ tomorrow on the next whim. None of this means anything.

Down around 600 now.....Earnings on tech, which has sustained the market up till now, is starting to go down.

 

[leftwinger]

What else did you expect? It is Obiden 2.0 same as the Obiden 1.0.

When GOVT spending is "forced to slow" the phony numbers begin to flatline or drop. SOS, like 2015, 2016. Then they dare the next guy to "fix it", "to do something about it".

In the background rumbles the 24-7 mindless MSM drumbeat how great things are/were and how bad it will be if sheep don't keep supporting phony BS churned out by the Marxist Socialist. Now adding in the 24-4 Judicial attack on opposition. //

 

[1srelluc]

I graphed GDP and USMB reactions. It doesnt matter what the GDP is the fainting goats will faint.

View attachment 937523

2.2% quarter over quarter is what is deemed as "healthy growth" by most unbiased economists.

 

[1srelluc]

Looks like today's drop is being fleshed-out a bit more.....Dow down 605 now.

This is not good at all.

Along with the downbeat growth rate for the quarter, the report showed consumer prices increased at a 3.4% pace, well above the previous quarter's 1.8% advance. This raised concern over persistent inflation and put into question whether the Federal Reserve will be able to cut rates anytime soon.

MSN

 

[citygator]

Looks like today's drop is being fleshed-out a bit more.....Dow down 605 now.

This is not good at all.

Along with the downbeat growth rate for the quarter, the report showed consumer prices increased at a 3.4% pace, well above the previous quarter's 1.8% advance. This raised concern over persistent inflation and put into question whether the Federal Reserve will be able to cut rates anytime soon.

MSN

Up 120 pts since you posted. Sorry.

 

[1srelluc]

Up 120 pts since you posted. Sorry.

Still at around it's opening down.....I suspect their will be dip buying (as is the tend of late after a bad opening) so maybe 250 down at close.