US economy: 3.3 shocking 4th quarter growth!!!
https://www.foxbusiness.com/economy/us-gdp-economy-fourth-quarter-2023
Comments
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Rage on
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I mean 3.3…..in the face of rising interest rates for like the past 2 years. Economists predicted a recession a year ago…never happened.
Now you have booming GDP growth and inflation now under control at 2.7. You guys are right….that sounds awful!!! -
The year 2023 grew 2.5% vs the killer 1.9% growth in 2022 vs 2021. Also, government spending as a % of GDP grew 3.5% vs 2022. It's booming all right.
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All of those new Government jobs are really driving growth.HuskyBuck said:I mean 3.3…..in the face of rising interest rates for like the past 2 years. Economists predicted a recession a year ago…never happened.
Now you have booming GDP growth and inflation now under control at 2.7. You guys are right….that sounds awful!!!
I’m sure this is sustainable. Right up to the point where we can’t afford to pay the interest on the debt and the US dollar is no longer the world currency. -
Against the headwinds of the increased interest rates that was designed to slow down the growth of the US economy, those numbers are blistering. Trump could barely pull those numbers with near zero interest rates.Bob_C said:The year 2023 grew 2.5% vs the killer 1.9% growth in 2022 vs 2021. Also, government spending as a % of GDP grew 3.5% vs 2022. It's booming all right.
I get it….some of you guys hate it when the US economy gets good news. I’ll try to provide the Russian economy numbers for you so you can get behind that! -
Jesus christ.HuskyBuck said:
Against the headwinds of the increased interest rates that was design to slow down the growth of the US economy, those numbers are blistering. Trump could barely pull those numbers with near zero interest rates.Bob_C said:The year 2023 grew 2.5% vs the killer 1.9% growth in 2022 vs 2021. Also, government spending as a % of GDP grew 3.5% vs 2022. It's booming all right.
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Outstanding job by the administration to stimulate growth. You see the result. Remember when China was going to over take this US in GDP during this administration. Nope.Bob_C said:
Jesus christ.HuskyBuck said:
Against the headwinds of the increased interest rates that was design to slow down the growth of the US economy, those numbers are blistering. Trump could barely pull those numbers with near zero interest rates.Bob_C said:The year 2023 grew 2.5% vs the killer 1.9% growth in 2022 vs 2021. Also, government spending as a % of GDP grew 3.5% vs 2022. It's booming all right.
Man, im in awe how much you guys hate good news on the economic front. We should be celebrating together! -
Central command economy is best economy POTD.HuskyBuck said:
Outstanding job by the administration to stimulate growth. You see the result. Remember when China was going to over take this US in GDP during this administration. Nope.Bob_C said:
Jesus christ.HuskyBuck said:
Against the headwinds of the increased interest rates that was design to slow down the growth of the US economy, those numbers are blistering. Trump could barely pull those numbers with near zero interest rates.Bob_C said:The year 2023 grew 2.5% vs the killer 1.9% growth in 2022 vs 2021. Also, government spending as a % of GDP grew 3.5% vs 2022. It's booming all right.
Man, im in awe how much you guys hate good news on the economic front. We should be celebrating together! -
HuskyBuck said:
Outstanding job by the administration to stimulate growth. You see the result. Remember when China was going to over take this US in GDP during this administration. Nope.Bob_C said:
Jesus christ.HuskyBuck said:
Against the headwinds of the increased interest rates that was design to slow down the growth of the US economy, those numbers are blistering. Trump could barely pull those numbers with near zero interest rates.Bob_C said:The year 2023 grew 2.5% vs the killer 1.9% growth in 2022 vs 2021. Also, government spending as a % of GDP grew 3.5% vs 2022. It's booming all right.
Man, im in awe how much you guys hate good news on the economic front. We should be celebrating together!
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The fourth-quarter data provided more evidence that the recovery remains on solid footing. Consumer spending, the bedrock of the U.S. economy, grew at a 2.8 percent annual rate, only modestly slower than the prior quarter. The housing sector, which was battered by high interest rates in 2022 and early 2023, grew modestly for the second quarter in a row. Businesses stepped up their investment on equipment. Personal income rose faster than prices as the strong job market continued to benefit workers.
Gotta admit, watching you guys try to spin doctor this information has been more entertaining than the Barbenheimer double header!!!
