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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

US economy: 3.3 shocking 4th quarter growth!!!

HuskyBuckHuskyBuck Member, Swaye's Wigwam Posts: 1,878 Swaye's Wigwam
in Tug Tavern
But but but….inflation….Hunter Biden….

https://www.foxbusiness.com/economy/us-gdp-economy-fourth-quarter-2023
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 106,018 Founders Club
    Rage on
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  • HuskyBuckHuskyBuck Member, Swaye's Wigwam Posts: 1,878 Swaye's Wigwam
    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!!!
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,605 Swaye's Wigwam
    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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  • KaepskneeKaepsknee Member Posts: 14,885
    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!!!

    All of those new Government jobs are really driving growth.

    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.
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  • HuskyBuckHuskyBuck Member, Swaye's Wigwam Posts: 1,878 Swaye's Wigwam
    edited January 25
    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.

    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.

    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!
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,605 Swaye's Wigwam
    HuskyBuck said:

    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.

    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.
    Jesus christ.


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  • HuskyBuckHuskyBuck Member, Swaye's Wigwam Posts: 1,878 Swaye's Wigwam
    Bob_C said:

    HuskyBuck said:

    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.

    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.
    Jesus christ.


    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.

    Man, im in awe how much you guys hate good news on the economic front. We should be celebrating together!
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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,569
    HuskyBuck said:

    Bob_C said:

    HuskyBuck said:

    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.

    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.
    Jesus christ.


    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.

    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.
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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,605 Swaye's Wigwam
    HuskyBuck said:

    Bob_C said:

    HuskyBuck said:

    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.

    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.
    Jesus christ.


    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.

    Man, im in awe how much you guys hate good news on the economic front. We should be celebrating together!

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  • HuskyBuckHuskyBuck Member, Swaye's Wigwam Posts: 1,878 Swaye's Wigwam
    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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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,605 Swaye's Wigwam
    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!!!

    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.
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  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 20,974 Founders Club
    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’.

    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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  • WestlinnDuckWestlinnDuck Member Posts: 15,375 Standard Supporter
    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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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 106,018 Founders Club
    Meanwhile Trump increases his lead

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  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,605 Swaye's Wigwam
    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

    The first one combined with the last is pretty funny.
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  • SledogSledog Member Posts: 33,929 Standard Supporter
    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!!!

    Always great when consumer spending increases less than the inflation rate. Booming I say!
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  • HuskyBuckHuskyBuck Member, Swaye's Wigwam Posts: 1,878 Swaye's Wigwam
    Sledog said:

    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!!!

    Always great when consumer spending increases less than the inflation rate. Booming I say!
    You gotta excuse SheDog……I already knew the guy can barely read.

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  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,828 Swaye's Wigwam
    Bob_C said:

    HuskyBuck said:

    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.

    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.
    Jesus christ.


    Watching the Chinese economy implode and saying, "Hold my beer."

    Can't wait for HuskyBuck to tell us we don't know enough about MMT.
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  • HuskyBuckHuskyBuck Member, Swaye's Wigwam Posts: 1,878 Swaye's Wigwam
    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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  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,828 Swaye's Wigwam
    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.

    What's the usual growth % for consumer spending in q4?
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