Biden delivers the perfect Q1 '23 GDP.. not too high, not too low. Market is amazed.

[jc456]

Every time his posts Pollyanna shit like this it's cherry picked to fuck.

• Growth is at an appallingly anemic 1%.
• Inflation is still well in excess of 5%.
• Yet another big bank is going to get bailed out.
• Real wages have declined for 24 straight months.
• Gas is still well over $3.50 in most places

On and on and on...

These moonbats obviously have access to better drugs than any one of us can lay our hands on.

Labor Participation rates still lower than trump. Not one new job created

 

[Nostra]

Biden gas prices over 40% higher than when he took office and rising.

 

[B. Kidd]

Biden continues to amaze the market and astound doubters. He is threading the needle and pulling off a soft landing from the disaster Trump handed over to him. At this rate Biden will likely be reelected 3 more times. Here are the highlights:

• Personal savings increased to 4.8% from 4.0% in Q4
• After 4 quarters of reduced spending on goods they rose in Q1
• Services in line at 2.3% no real trend changes
• Residential market has been a mess all last year but stabilized to -4.2%
• Inventories are right sizing from overstocked 2022 numbers, non farm down -2.5%
• S&P rockets up 1.5% on the news

Honestly looks really good to me. Being in the consumer products market I'd like to see some more growth but it's good enough.


Raw report numbers

https://www.bea.gov/sites/default/files/2023-04/gdp1q23_adv.pdf

Press release

Gross Domestic Product, First Quarter 2023 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)

Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.

www.bea.gov

NYTimes summary

U.S. Economy Continues to Grow, but More Slowly

Gross domestic product increased 1.1 percent in the first quarter as consumer spending remained robust despite higher interest rates.

www.nytimes.com

View attachment 780231

^^^^^
Turd polishing in expert form!!

 

[Remodeling Maidiac]

Op is out to lunch and CLEARLY not participating in this economy.

Houses are unaffordable
Inflation is still stupid high
Gas prices are still ridiculous
Basic food is still nearly double what it was before Biden
Etc...

Just yesterday I bought a new large mixing paddle because I forgot my old one. Went and bought a new one for 19.50
They used to be about 8 bucks.

This economy is a fucking mess. Stats on paper mean shit. Can't buy anything or pay bills with your propaganda

 

[BluesLegend]

Here's the actual financial news today...

GDP Falls Short
US Economy Signals Slowdown in 1st Quarter
GAP Announces Massive Job Cuts
Lyft To Layoff 25% of Workforce
Mortgage Rates Climb
Fed To Raise Interest Rates Again
Personal Loan Interest Rates Climb

 

[B. Kidd]

Here's the actual financial news today...

GDP Falls Short
US Economy Signals Slowdown in 1st Quarter
GAP Announces Massive Job Cuts
Lyft To Layoff 25% of Workforce
Mortgage Rates Climb
Fed To Raise Interest Rates Again
Personal Loan Interest Rates Climb

And the price of Coleman tents is thru the roof!!
Tarps, blankets, and broken pallet wood; still affordable.

 

[Faun]

OP.....No, the Dow is doing well (today) because of the debt ceiling vote last evening. All today's report says is that it's misery as normal when dems are in the WH.

LOLOL

Contards are so delusional. If it's misery when there's a Democrat in the White House, then it's the end of the world when the president is a Republican...

GDP: (Annualized average by president since 1947)

Democrats ..... 3.9%
Republicans ... 2.5%

Unemployment Rate: (Average shift by president since 1948)

Democrats ...... -1.8 points
Republicans ... +1.8 points

Jobs: (Total since 1945)

Democrats ..... 81,871,000 - annual average ... 2,159,235
Republicans ... 32,252,000 - annual average ...... 806,300

Spoiler

 

[Nostra]

Here's the actual financial news today...

GDP Falls Short
US Economy Signals Slowdown in 1st Quarter
GAP Announces Massive Job Cuts
Lyft To Layoff 25% of Workforce
Mortgage Rates Climb
Fed To Raise Interest Rates Again
Personal Loan Interest Rates Climb

YIIIIIPPPPPPPEEEEEEEEEE!

 

[citygator]

OP.....No, the Dow is doing well (today) because of the debt ceiling vote last evening. All today's report says is that it's misery as normal when dems are in the WH.

Looks like the robust economy can withstand naysayers. You’ll miss out on a great life if all you do is complain. Economy is landing soft.

 

[citygator]

Every time his posts Pollyanna shit like this it's cherry picked to fuck.

• Growth is at an appallingly anemic 1%.
• Inflation is still well in excess of 5%.
• Yet another big bank is going to get bailed out.
• Real wages have declined for 24 straight months.
• Gas is still well over $3.50 in most places

On and on and on...

These moonbats obviously have access to better drugs than any one of us can lay our hands on.

Real wages are up over 2019 levels.

Growth was expected to slow. That’s what the fed wants. They raised rates too fast.

Banks are healthy.

Oil production under Biden is higher than it was under Trump. That’s all we can do.

 

[1srelluc]

Looks like the robust economy can withstand naysayers. You’ll miss out on a great life if all you do is complain. Economy is landing soft.

I know the grocery bill had the fuck "robusted" out of it yesterday.

Oh well, I can weather it....I got mine back when the getting was good.

 

[citygator]

Labor Participation rates still lower than trump. Not one new job created

More people are working today than ever in history. Wtf are you looking at? Participation rate decline is a sign of affluence. People can afford one income. That is good news.

 

[BluesLegend]

Looks like the robust economy can withstand naysayers. You’ll miss out on a great life if all you do is complain. Economy is landing soft.

GDP Falls Short
US Economy Signals Slowdown in 1st Quarter
GAP Announces Massive Job Cuts
Lyft To Layoff 25% of Workforce
Mortgage Rates Climb
Fed To Raise Interest Rates Again
Personal Loan Interest Rates Climb

 

[citygator]

I know the grocery bill had the fuck "robusted" out of it yesterday.

Oh well, I can weather it....I got mine back when the getting was good.

Then why you complaining?

 

[1srelluc]

Then why you complaining?

Because you are trying to use the leftist trick of "new normal" on the unaware. It doesn't have to be this way.

 

[citygator]

GDP Falls Short
US Economy Signals Slowdown in 1st Quarter
GAP Announces Massive Job Cuts
Lyft To Layoff 25% of Workforce
Mortgage Rates Climb
Fed To Raise Interest Rates Again
Personal Loan Interest Rates Climb

GDP was supposed to fall. That was the misguided point you fuckers wanted with higher rates.

Saving rates are up

More people employed than ever in history.

Corporate profits are breaking more records.

Higher if is up regardless of some companies hiring less. That’s why we go by data and not anecdotes.

 

[badger2]

And the price of Coleman tents is thru the roof!!
Tarps, blankets, and broken pallet wood; still affordable.

Except the white tarp. Don't forget this if Marauding Baboon Season comes during winter. Plan now.

 

[jc456]

More people are working today than ever in history. Wtf are you looking at? Participation rate decline is a sign of affluence. People can afford one income. That is good news.

Prove it

 

[jc456]

GDP Falls Short
US Economy Signals Slowdown in 1st Quarter
GAP Announces Massive Job Cuts
Lyft To Layoff 25% of Workforce
Mortgage Rates Climb
Fed To Raise Interest Rates Again
Personal Loan Interest Rates Climb

Bed bath beyond closing, Walmart just shut down four stores in Chicago. Brandon’s killing it

 

[Independent thinker]

Biden continues to amaze the market and astound doubters. He is threading the needle and pulling off a soft landing from the disaster Trump handed over to him. At this rate Biden will likely be reelected 3 more times. Here are the highlights:

• Personal savings increased to 4.8% from 4.0% in Q4
• After 4 quarters of reduced spending on goods they rose in Q1
• Services in line at 2.3% no real trend changes
• Residential market has been a mess all last year but stabilized to -4.2%
• Inventories are right sizing from overstocked 2022 numbers, non farm down -2.5%
• S&P rockets up 1.5% on the news

Honestly looks really good to me. Being in the consumer products market I'd like to see some more growth but it's good enough.


Raw report numbers

https://www.bea.gov/sites/default/files/2023-04/gdp1q23_adv.pdf

Press release

Gross Domestic Product, First Quarter 2023 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)

Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.

www.bea.gov

NYTimes summary

U.S. Economy Continues to Grow, but More Slowly

Gross domestic product increased 1.1 percent in the first quarter as consumer spending remained robust despite higher interest rates.

www.nytimes.com

View attachment 780231

LOL. Back in the real world, people can't afford groceries, gas, or their rents.