So misleading. The GDP INCLUDES government spending
Economy is doing well only if you own stocks or massive amounts of real estate. It’s doing well for 0.1% richest of rich like Musk and Bezos. For an average Joe, things have never been worse. Stagnant wages, layoffs in all industries, rising loneliness and healthcare costs. It’s looking very bleak. American dream is dead as young families can’t afford to buy a house and rents are on a tear.
5.5% of which was government spending, meaning private sector growth was -.3%. So we spent borrowed money; that's not growth.
📝 Summary of Key Points:
📌 The trade balance for the third quarter shows a deficit of $89.8 billion, the largest since July.
🧐 The GDP growth rate is revised upwards to 5.2%, the best quarter since the last quarter of 2021.
🚀 The core component of the price index decreases to 2.3%, the smallest since the last quarter of 2020.
🚀 Wholesale inventories have been negative for eight out of ten months, potentially impacting the holiday season due to supply chain issues.
🚀 The equities market remains healthy, with Dow futures adding a few points.
🚀 There is a debate in the markets regarding a possible rate cut next year, with Waller's recent comments increasing the probability of a cut.
💡 Additional Insights and Observations:
💬 "Although there has been progress in reducing inflation, many numbers are still above the 2% target set by the Federal Reserve."
📊 The savings rate is revised upwards to 4%.
🌐 Waller's comments are being analyzed for their intention and impact on market probabilities.
📣 Concluding Remarks:
The latest economic data reveals a larger trade deficit, but an upward revision in GDP growth. Inflation remains a concern, with some progress made but still above target. Supply chain issues and potential rate cuts are also discussed, while the equities market remains strong. Generated using Talkbud (Browser Extension)
These guys are republicans. They hate the economy doing well. It’s a shame really. Financial news used to be boring. Now conservative financial commentators are wing nuts and are really upset when the economy goes well.
I don’t think raising interest rates is curving inflation. It is just making it harder to make ends meet.
Where?
I'd be interested to see the performance by dividend income for all of these players vs the S&P 500 too. Can it safeguard and grow $500k cash reserve for next 2 years at no risk?
Stop it, those numbers surely dont reflect this nation's reality of today. Not by far……
Subtract the government spending. Pull back the curtain. You won't like what you see😲
Thanks Biden.
More scammers
lmao "i dont trust the numbers but i cant tell you why" LMAOOOOOOOOOOOOOOOOOOOOOOO
With all the other lies coming from our government how do we know these statistics are real? Isn’t it politically advantages to see rosy numbers especially with elections coming?
Government has the pencil and calculator they can make the numbers anything they want .😂
What is happening to this White guy with grey hair? I don't know his name. He acts so strangely on the show these days. He was eating in the middle of the show right now. Some days back, he was almost throwing a tantrum and trying to take a political side while making a senseless and childish argument when the other speaker is not even talking about that subject. Unprofessional !!!
BIDENOMICS IS WORKING. This is DOUBLE anything Trump ever coattailed the Obama economy for. Then of course Trump tanked the economy with tax cuts for the wealthy and botching the pandemic response and LOSING JOBS.
Still a 32 trillion debt, if the US would sell the US it will be left with with 10 trillion debt.
If you don’t think they’re gonna cut rates going into the election cycle, you’re living on a different planet. They’re going to do everything they can to start lowering rates when it comes time to vote.
What does US produce besides paper?
Why do you guy keep saying this is a lie? Have you guys not gone out and see what is going on with the shopping areas, hospitality, and others. People are spending.
Kake GDP. MSM is lying !!!!
Lol these lies are getting bigger by the day. Why not just say 25 percent GDP growth.
It's easy, the government has a printing press!
A year ago market projected only one rate hike, max 2, we had 3 in 23 as of today ) bostic mentioned rate cut in Jun and market cheered like crazy. Nobody knows the future )
meaningless due to weak 2nd quarter performance.
3rd quarter meaning end of September this is the end of November now😅
KEep BELIEVING THE LIE. More small business closures in History.
Deficit spending contributes to GDP calculations. And you expect me to be happy about this number?
So when the growth is bad the commentators complain and when the figures are good they say don't believe the data.
Mr. Powell won't like these numbers, rates higher for longer. Markets delusional if it thinks cuts are coming.
Sentiment will improve. Once people see stable prices and stable employment, things will pick up nicely. Economy now hinges on employment and productivity. Targeted, responsible, fiscal stimulus will ensure growing economy that doesn't fall into recession nor overheat. People should be more optimistic. Look forward to working. Earning. To growing. Economy will surpass expectations. Because people are underestimating the working class.
Ai productivity kickin in
Wow what a strong economy. Your doctored data really tricked us into not believing our eyes 😂
is this number real?
So misleading.
The GDP INCLUDES government spending
Economy is doing well only if you own stocks or massive amounts of real estate. It’s doing well for 0.1% richest of rich like Musk and Bezos. For an average Joe, things have never been worse. Stagnant wages, layoffs in all industries, rising loneliness and healthcare costs. It’s looking very bleak. American dream is dead as young families can’t afford to buy a house and rents are on a tear.
5.5% of which was government spending, meaning private sector growth was -.3%. So we spent borrowed money; that's not growth.
📝 Summary of Key Points:
📌 The trade balance for the third quarter shows a deficit of $89.8 billion, the largest since July.
🧐 The GDP growth rate is revised upwards to 5.2%, the best quarter since the last quarter of 2021.
🚀 The core component of the price index decreases to 2.3%, the smallest since the last quarter of 2020.
🚀 Wholesale inventories have been negative for eight out of ten months, potentially impacting the holiday season due to supply chain issues.
🚀 The equities market remains healthy, with Dow futures adding a few points.
🚀 There is a debate in the markets regarding a possible rate cut next year, with Waller's recent comments increasing the probability of a cut.
💡 Additional Insights and Observations:
💬 "Although there has been progress in reducing inflation, many numbers are still above the 2% target set by the Federal Reserve."
📊 The savings rate is revised upwards to 4%.
🌐 Waller's comments are being analyzed for their intention and impact on market probabilities.
📣 Concluding Remarks:
The latest economic data reveals a larger trade deficit, but an upward revision in GDP growth. Inflation remains a concern, with some progress made but still above target. Supply chain issues and potential rate cuts are also discussed, while the equities market remains strong.
Generated using Talkbud (Browser Extension)
These guys are republicans. They hate the economy doing well. It’s a shame really. Financial news used to be boring. Now conservative financial commentators are wing nuts and are really upset when the economy goes well.
#BidenBoom
I don’t think raising interest rates is curving inflation. It is just making it harder to make ends meet.
Where?
I'd be interested to see the performance by dividend income for all of these players vs the S&P 500 too. Can it safeguard and grow $500k cash reserve for next 2 years at no risk?
Stop it, those numbers surely dont reflect this nation's reality of today. Not by far……
Subtract the government spending. Pull back the curtain. You won't like what you see😲
Thanks Biden.
More scammers
lmao "i dont trust the numbers but i cant tell you why" LMAOOOOOOOOOOOOOOOOOOOOOOO
With all the other lies coming from our government how do we know these statistics are real? Isn’t it politically advantages to see rosy numbers especially with elections coming?
Government has the pencil and calculator they can make the numbers anything they want .😂
What is happening to this White guy with grey hair? I don't know his name. He acts so strangely on the show these days. He was eating in the middle of the show right now. Some days back, he was almost throwing a tantrum and trying to take a political side while making a senseless and childish argument when the other speaker is not even talking about that subject. Unprofessional !!!
BIDENOMICS IS WORKING. This is DOUBLE anything Trump ever coattailed the Obama economy for. Then of course Trump tanked the economy with tax cuts for the wealthy and botching the pandemic response and LOSING JOBS.
Still a 32 trillion debt, if the US would sell the US it will be left with with 10 trillion debt.
If you don’t think they’re gonna cut rates going into the election cycle, you’re living on a different planet. They’re going to do everything they can to start lowering rates when it comes time to vote.
What does US produce besides paper?
Why do you guy keep saying this is a lie? Have you guys not gone out and see what is going on with the shopping areas, hospitality, and others. People are spending.
Kake GDP. MSM is lying !!!!
Lol these lies are getting bigger by the day. Why not just say 25 percent GDP growth.
It's easy, the government has a printing press!
A year ago market projected only one rate hike, max 2, we had 3 in 23 as of today ) bostic mentioned rate cut in Jun and market cheered like crazy. Nobody knows the future )
meaningless due to weak 2nd quarter performance.
3rd quarter meaning end of September this is the end of November now😅
KEep BELIEVING THE LIE.
More small business closures in History.
Deficit spending contributes to GDP calculations. And you expect me to be happy about this number?
So when the growth is bad the commentators complain and when the figures are good they say don't believe the data.
Mr. Powell won't like these numbers, rates higher for longer. Markets delusional if it thinks cuts are coming.
Sentiment will improve. Once people see stable prices and stable employment, things will pick up nicely. Economy now hinges on employment and productivity. Targeted, responsible, fiscal stimulus will ensure growing economy that doesn't fall into recession nor overheat. People should be more optimistic. Look forward to working. Earning. To growing. Economy will surpass expectations. Because people are underestimating the working class.
Ai productivity kickin in
Wow what a strong economy. Your doctored data really tricked us into not believing our eyes 😂
Government spending not slowing down. 😂
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