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