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

[Nostra]

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.

Wages aren’t close to keeping up with Bidenflation.

 

[jc456]

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

But Brandon is all good

 

[lantern2814]

Wages aren’t close to keeping up with Bidenflation.

Last report I saw said the average family has lost $7400 dollars this year due to Bidenflation. Along with raises not keeping up with the inflation rate.

 

[FranklinRoosevelt_FTW]

All the stats in the original post don’t mean much….. considering the price of homes are astronomically high and the price of groceries are high the gas prices have gone up again in my area from 3:20 to 3.89

Average Sales Price of Houses Sold for the United States

Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q4 2023 about sales, housing, and USA.

fred.stlouisfed.org

We had a red hot economy in 2019 .


Now People cannot afford homes in this country. What world we could ask is the original poster living…well it’s in one of antiwhite racism, anti-Americanism and slavery servitude to BLM and their anti-American agenda.

 

[jknowgood]

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

You're in looney land, is all I can say.

 

[San Souci]

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

Where the fuck have you been living? Lower Slobovia has a better economy than Bidens USA.

 

[jknowgood]

Not true. Kamala helped a bunch too with an assist to Mayor Pete.

A blowjob?

 

[Lakhota]

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

 

[Faun]

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

It's up under Biden. Obama handed Trump 62.8%. Trump handed Biden 61.3%. It's currently 62.6%.

 

[citygator]

You're in looney land, is all I can say.

Looney is looking at the economic results and feeling they are bad. That’s a crock of shit. Any struggling going on right now is by design. The US economy always only makes those at the top comfortable and that’s what’s going on now. If you want to change that then vote for a democrat because only they have policies that will address that inequity. Otherwise you are voting that you love the wealth imbalance.

 

[C_Clayton_Jones]

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.

And as usual the reprehensible right wants the American people to suffer for some perceived partisan gain.

 

[jknowgood]

Looney is looking at the economic results and feeling they are bad. That’s a crock of shit. Any struggling going on right now is by design. The US economy always only makes those at the top comfortable and that’s what’s going on now. If you want to change that then vote for a democrat because only they have policies that will address that inequity. Otherwise you are voting that you love the wealth imbalance.

Yeah Biden's inflation proves you're full of crap.

 

[Nostra]

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

And yet, almost 3/4 of Americans think Biden is running the country into the ditch.

Poll finds 71% of Americans believe country is on wrong track

First Read is your briefing from “Meet the Press” and the NBC Political Unit on the day’s most important political stories and why they matter.

www.nbcnews.com

 

[citygator]

Yeah Biden's inflation proves you're full of crap.

Biden caused world wide inflation? How?

 

[CrusaderFrank]

Stagflation?? Annualized GDP under Biden is a healthy 3.0% if that's stagflation, what do you call the 1.5% under Trump?

And all Biden and the dems had to do was double the cost of everything! Amassing!! $6 for blueberries, $7 for coconut yogurt

 

[CrusaderFrank]

Biden caused world wide inflation? How?

By printing all those trillions of new dollars

 

[imawhosure]

And yet, almost 3/4 of Americans think Biden is running the country into the ditch.

Poll finds 71% of Americans believe country is on wrong track

First Read is your briefing from “Meet the Press” and the NBC Political Unit on the day’s most important political stories and why they matter.

www.nbcnews.com

Savings are up? Sure they are, as everyone is scared to death to finance anything!

Corporate profits up? I believe that, since the extra dollars they are bringing in are worth far less than the dollars from just a few years ago.

While the OP is comical, you have to give him kudos for the "lipstick on a pig" propaganda. How many people would go to hurting people, and try and convince them they are not hurting, and everything is wonderful. All the OP is doing is spinning, lol. I seriously doubt he believes what he is saying, but then again; he doesn't have to believe it, as his main purpose is to get others to believe his rosy assumptions by posting, and spinning the outcomes.

 

[citygator]

And yet, almost 3/4 of Americans think Biden is running the country into the ditch.

Poll finds 71% of Americans believe country is on wrong track

First Read is your briefing from “Meet the Press” and the NBC Political Unit on the day’s most important political stories and why they matter.

www.nbcnews.com

You missed that surveys findings. If you read the poll Americans blame republicans. They have 9% worse favorabilities than democrats and the lowest leadership approvals are republicans.

 

[Cellblock2429]

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

/----/ And you believe that horse shyt... Amazing

 

[citygator]

Savings are up? Sure they are, as everyone is scared to death to finance anything!

Corporate profits up? I believe that, since the extra dollars they are bringing in are worth far less than the dollars from just a few years ago.

While the OP is comical, you have to give him kudos for the "lipstick on a pig" propaganda. How many people would go to hurting people, and try and convince them they are not hurting, and everything is wonderful. All the OP is doing is spinning, lol. I seriously doubt he believes what he is saying, but then again; he doesn't have to believe it, as his main purpose is to get others to believe his rosy assumptions by posting, and spinning the outcomes.

The economy, by design, is for losers like you to have no money. It’s built so you have to be in the top percentiles to have some net worth. Income inequity is a real problem however given that framework the economy is doing well. If you want to improve the framework so more people can prosper don’t vote for destructive GOP candidates.