Inflation slows to 7.1% as economy cools off

[JimH52]

My views : Don't ever trust the WH or the MSM!

View attachment 738311

Facts :
Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Third Quarter 2022

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.

Profits decreased 1.1 percent at a quarterly rate in the third quarter after increasing 4.6 percent in the
second quarter.

Source:
U.S. Economy at a Glance | U.S. Bureau of Economic Analysis (BEA) – U.S. Economy at a Glance | U.S. Bureau of Economic Analysis (BEA)

So we are NOT in a recession. Thanks for posting.

https://money.usnews.com/investing/term/recession

 

[Mac1958]

That is the problem with runaway inflation. To fix it you have to have high interest rates and a recession economy. Americans get fucked.

Of course the stupid Democrats won't stop all the inflationary spending so we have both recession and inflation.

By the way, 7.1% inflation is absolutely terrible. better than 10% but still very bad.

I realize Trumpsters are economically illiterate and ideologically sheltered, but the last GDP reading was +2.9%.

With Trump, it was at +2.1% when the virus hit.

And this is WITHOUT the trillions of Fed stimulus Trump received. And he BEGGED FOR MORE.

Fake news, right?

 

[JimH52]

We've been in a recession dummy

We've been in a recession dummy

How can that be? We had a 2.9% growth in our GDP the third quarter of 2022. Ooopppss....I guess you anti-democracy MAGA types are wrong again.

https://money.usnews.com/investing/term/recession

 

[Mac1958]

How can that be? We had a 2.9% growth in our GDP the third quarter of 2022. Ooopppss....I guess you anti-democracy MAGA types are wrong again.

https://money.usnews.com/investing/term/recession

Hannity and Tucker must be saying we're in a recession.

 

[JGalt]

So you are one of the repub, Poootin lovers that is hoping that the United States fails. Yeah, you are one of the problems with this country.

I liked you so much better when you just called us "Nazis."

They had far spiffier uniforms than those Russians.

 

[jbrownson0831]

So you are one of the repub, Poootin lovers that is hoping that the United States fails. Yeah, you are one of the problems with this country.

And you are a lying kook jimboliar!

 

[JGalt]

So we are NOT in a recession. Thanks for posting.

https://money.usnews.com/investing/term/recession

An article from all the way back in Aug. 15, 2022?

 

[jbrownson0831]

How can that be? We had a 2.9% growth in our GDP the third quarter of 2022. Ooopppss....I guess you anti-democracy MAGA types are wrong again.

https://money.usnews.com/investing/term/recession

K...o...o...k

 

[Ralph Norton]

the last GDP reading was +2.9%.

Yes, so you've told us.
That is ONE QUARTER. After 2 consecutive quarters of NEGATIVE GDP.

 

[JimH52]

Hannity and Tucker must be saying we're in a recession.

Yeah, that is the only station MAGA watches. You can tell from the shallow and simple responses.

I suggest they find another far right station to watch. The Australian hates trumpism and is fighting for his business life in court after promoting Dominion voting machine lies.

 

[Flash]

I realize Trumpsters are economically illiterate and ideologically sheltered, but the last GDP reading was +2.9%.

With Trump, it was at +2.1% when the virus hit.

And this is WITHOUT the trillions of Fed stimulus Trump received. And he BEGGED FOR MORE.

Fake news, right?

I love it when you stupid uneducated Moon Bats try to do your spin on a failed Presidency. It just shows what dickheads you are.

I'll educate you in a way even a stupid Libtard can understand.

When Trump was President inflation was low.

When Potatohead stole the election inflation was high.

Understand now Moon Bat?

 

[BackAgain]

Inflation slows to 7.1% for November, another sign the economy is cooling off

Compared to October, the inflation rate fell from 7.7%. It's the second consecutive month it has fallen.

www.nbcnews.com

The Biden administration and the Fed are doing their job. Good times ahead!

The Brandon Administration can get no honest credit for any slowing or lowering of inflation. They are, in fact, a main reason FOR inflation.

To the extent that credit for the slowing or lowering of our still high level of inflation can be given, look to the Fed and their overtly upward tweaking of interest rates.

Meanwhile, it is very likely that even with a slight GOP House majority, the Brandon Administration will continue its pattern of reckless spending premised on more massive deficit spending.

 

[JimH52]

Yes, so you've told us.
That is ONE QUARTER. After 2 consecutive quarters of NEGATIVE GDP.

So, we are NOT in a recession. Thanks for restating that point.

 

[Ralph Norton]

So, we are NOT in a recession. Thanks for restating that point.

Never said we were.....now.

 

[BackAgain]

So, we are NOT in a recession. Thanks for restating that point.

JimmieH.52’s level of understanding is low. Very low.

 

[Mac1958]

Yes, so you've told us.
That is ONE QUARTER. After 2 consecutive quarters of NEGATIVE GDP.

I know you want to downplay good news. Such is the nature of being a political partisan. Side irrelevant, they both do it.

Not everyone is like that. Thankfully.

 

[Mac1958]

I love it when you stupid uneducated Moon Bats try to do your spin on a failed Presidency. It just shows what dickheads you are.
I'll educate you in a way even a stupid Libtard can understand.
When Trump was President inflation was low.
When Potatohead stole the election inflation was high.
Understand now Moon Bat?

Aw, triggered.

Speaking of educated, let's compare knowledge bases on economics and markets.

I'm a 22+ year financial advisor/CFP/63/65, CLU/ChFC. I've lived this stuff for over two decades, and I have to take it seriously.

How about you? What is your knowledge base, training and professional experience on this?

Besides Tucker and Hannity?

 

[Ralph Norton]

I know you want to downplay good news. Such is the nature of being a political partisan. Side irrelevant, they both do it.

Not everyone is like that. Thankfully.

I'm not downplaying it. I'm saying it is 1 quarter and thus premature to start patting yourselves on the back for it.

 

[jbrownson0831]

Yeah, that is the only station MAGA watches. You can tell from the shallow and simple responses.

I suggest they find another far right station to watch. The Australian hates trumpism and is fighting for his business life in court after promoting Dominion voting machine lies.

Yes, jimboliar....expert on all things financial where 7% inflation is a good thing. Hahahahahaha

 

[JimH52]

Never said we were.....now.

Okay, so we are out of a recession, so be it a tiny one, and are heading for a solid economic recovery. AND THAT IS BAD?

Is that what FOX news is preaching these days. Has Rupert finished testifying in the 1 Billion Dollar plus lawsuit? Hope he has good insurance to cover the damages.