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!!! -
Anyone with a brain looks at the cross tabs immediately sees government share of GDP outpacing everything else. Good luck the rest of the way.HuskyBuck said: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!!! -
Your cable news sound bites and cable news depth to the topics at hand are ‘stimulating’.HuskyBuck said: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!!!
Vote blue no matter who fits you intellectual acumen. By design of course.
Painful for the rest of us. You will be the last to know.
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Nothing says a strong economy for the average Joe like spending on healthcare (who doesn't think that paying for a broken arm is a great Christmas present) and buying an RV for that Sugar Bowl trip.
https://www.zerohedge.com/markets/q4-gdp-unexpectedly-soars-driven-lack-destocking-and-rv-spending-spree
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Meanwhile Trump increases his lead
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The first one combined with the last is pretty funny.WestlinnDuck said:Nothing says a strong economy for the average Joe like spending on healthcare (who doesn't think that paying for a broken arm is a great Christmas present) and buying an RV for that Sugar Bowl trip.
https://www.zerohedge.com/markets/q4-gdp-unexpectedly-soars-driven-lack-destocking-and-rv-spending-spree -
Always great when consumer spending increases less than the inflation rate. Booming I say!HuskyBuck said: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!!! -
You gotta excuse SheDog……I already knew the guy can barely read.Sledog said:
Always great when consumer spending increases less than the inflation rate. Booming I say!HuskyBuck said: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!!!
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Watching the Chinese economy implode and saying, "Hold my beer."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.
Can't wait for HuskyBuck to tell us we don't know enough about MMT. -
Boy….that 2.8 % growth in consumption really must hurt you guys. That runs counter to the BS you guys have been peddling for months lol.
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What's the usual growth % for consumer spending in q4?HuskyBuck said:Boy….that 2.8 % growth in consumption really must hurt you guys. That runs counter to the BS you guys have been peddling for months lol.
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Great call.UW_Doog_Bot said:
Watching the Chinese economy implode and saying, "Hold my beer."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.
Can't wait for HuskyBuck to tell us we don't know enough about MMT.
He learned everything you need to know about MMT from MSNBC. All you need to know in one sound bite.
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Lol….I effing love it…..”Real Americans” cheer against America when good economic news comes out because it doesn’t match their narrative.
Man it must hurt. And PS, I get my news from Fox Business News! Look at the link I used! Some real geniuses in here, maybe that explains why their finances aren’t in order lolololol. -
33 trillion in debt and still going, 1.375 trillion deficit in '22, but throw money at Ukraine and Israel
inflation at 9.1 percent not long ago
10 million illegals, I mean "asylum seekers" in 3 years
nothing to be critical of at all -
Deficits are a problem, no question about it. I 100% agree with you. But why are you calling it out now? Every single president in my lifetime has run a deficit minus Clinton for 2 years.Fire_Marshall_Bill said:33 trillion in debt and still going, 1.375 trillion deficit in '22, but throw money at Ukraine and Israel
inflation at 9.1 percent not long ago
10 million illegals, I mean "asylum seekers" in 3 years
nothing to be critical of at all
You must have been REALLY pissed off during the Trump years then? Right Bill? You're not a hypocrite are you?
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Yes, many of us were. You weren't here hth.HuskyBuck said:
Deficits are a problem, no question about it. I 100% agree with you. But why are you calling it out now? Every single president in my lifetime has run a deficit minus Clinton for 2 years.Fire_Marshall_Bill said:33 trillion in debt and still going, 1.375 trillion deficit in '22, but throw money at Ukraine and Israel
inflation at 9.1 percent not long ago
10 million illegals, I mean "asylum seekers" in 3 years
nothing to be critical of at all
You must have been REALLY pissed off during the Trump years then? Right Bill? You're not a hypocrite are you?
Lots of us didn't like the Trump checks either.
What percentage of the 3.3% growth was the private sector as opposed to government spending increases made with money borrowed from future growth? -
Clinton never actually ran a true surplus. He borrowed from social security to show a fake surplus. It was still a good performance though relatively speaking.HuskyBuck said:
Deficits are a problem, no question about it. I 100% agree with you. But why are you calling it out now? Every single president in my lifetime has run a deficit minus Clinton for 2 years.Fire_Marshall_Bill said:33 trillion in debt and still going, 1.375 trillion deficit in '22, but throw money at Ukraine and Israel
inflation at 9.1 percent not long ago
10 million illegals, I mean "asylum seekers" in 3 years
nothing to be critical of at all
You must have been REALLY pissed off during the Trump years then? Right Bill? You're not a hypocrite are you? -
Regardless, even if you account for that then he came the closest to running that surplus but that wasn’t the point of my comment.Bob_C said:
Clinton never actually ran a true surplus. He borrowed from social security to show a fake surplus. It was still a good performance though relatively speaking.HuskyBuck said:
Deficits are a problem, no question about it. I 100% agree with you. But why are you calling it out now? Every single president in my lifetime has run a deficit minus Clinton for 2 years.Fire_Marshall_Bill said:33 trillion in debt and still going, 1.375 trillion deficit in '22, but throw money at Ukraine and Israel
inflation at 9.1 percent not long ago
10 million illegals, I mean "asylum seekers" in 3 years
nothing to be critical of at all
You must have been REALLY pissed off during the Trump years then? Right Bill? You're not a hypocrite are you?
Calling out Biden now for deficit spending is disingenuous because everyone runs deficits. Trump did worse damage if that irritates you now. -
Don't look at me, I voted for Ron Paul in 2008 and 2012.HuskyBuck said:
Regardless, even if you account for that then he came the closest to running that surplus but that wasn’t the point of my comment.Bob_C said:
Clinton never actually ran a true surplus. He borrowed from social security to show a fake surplus. It was still a good performance though relatively speaking.HuskyBuck said:
Deficits are a problem, no question about it. I 100% agree with you. But why are you calling it out now? Every single president in my lifetime has run a deficit minus Clinton for 2 years.Fire_Marshall_Bill said:33 trillion in debt and still going, 1.375 trillion deficit in '22, but throw money at Ukraine and Israel
inflation at 9.1 percent not long ago
10 million illegals, I mean "asylum seekers" in 3 years
nothing to be critical of at all
You must have been REALLY pissed off during the Trump years then? Right Bill? You're not a hypocrite are you?
Calling out Biden now for deficit spending is disingenuous because everyone runs deficits. Trump did worse damage if that irritates you now. -
Clinton also had to deal with an actual fiscal conservative republican speaker of the House in Newt.Bob_C said:
Clinton never actually ran a true surplus. He borrowed from social security to show a fake surplus. It was still a good performance though relatively speaking.HuskyBuck said:
Deficits are a problem, no question about it. I 100% agree with you. But why are you calling it out now? Every single president in my lifetime has run a deficit minus Clinton for 2 years.Fire_Marshall_Bill said:33 trillion in debt and still going, 1.375 trillion deficit in '22, but throw money at Ukraine and Israel
inflation at 9.1 percent not long ago
10 million illegals, I mean "asylum seekers" in 3 years
nothing to be critical of at all
You must have been REALLY pissed off during the Trump years then? Right Bill? You're not a hypocrite are you? -
Buck can't connect the Reagan revolution to the good Clinton economy which continued the growth
W started two wars and then Obama brought the shitty policies that Biden brought back
Trump had a better economy.
And a growing lead daily
