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

citygator

citygator

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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

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 www.bea.gov

NYTimes summary
www.nytimes.com

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 www.nytimes.com

1682617580182.png
 
citygator said:
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

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 www.bea.gov

NYTimes summary
www.nytimes.com

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 www.nytimes.com

View attachment 780231
Click to expand...
My God, you are stupid. Even the bureaucrats were disappointed, as this is half what what they were expecting. Yes, the economy will recoil to a degree with interest rates being pushed upward. But any GDP number under 2 if pathetic.
 
Lord Long Rod said:
My God, you are stupid. Even the bureaucrats were disappointed, as this is half what what they were expecting. Yes, the economy will recoil to a degree with interest rates being pushed upward. But any GDP number under 2 if pathetic.
Click to expand...
This slow growth was exactly what the fed wanted. I am on this board entirely opposed to the short sighted rate increases the dumb fed has been feeding us. There is no demand spike all the pricing was supply driven except for all the profit companies have captured. Having said that there stupidity hasnt sent us off the rails yet. You morons will go from growth is too high to growth is too low like a light switch. The metrics look healthy to me.
 
citygator said:
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

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 www.bea.gov

NYTimes summary
www.nytimes.com

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 www.nytimes.com

View attachment 780231
Click to expand...
Please try to snap out of your delirium. The CIA speaks through Biden.
 
Stagnant growth & high inflation...

Let's all cheer on the STAGFLATION Dear Leader has blessed us with!
It's like Jimmy Carter all over again but with dirty diapers, more corruption & a real crash around the corner.

The cost of goods & services keeps rising.
The only growth is due to the high inflation rate (& still lagging far behind) but that might be too difficult for the hive mind to comprehend
 
johngaltshrugged said:
Stagnant growth & high inflation...

Let's all cheer on the STAGFLATION Dear Leader has blessed us with!
It's like Jimmy Carter all over again but with dirty diapers, more corruption & a real crash around the corner.

The cost of goods & services keeps rising.
The only growth is due to the high inflation rate (& still lagging far behind) but that might be too difficult for the hive mind to comprehend
Click to expand...

Stagflation?? Annualized GDP under Biden is a healthy 3.0% if that's stagflation, what do you call the 1.5% under Trump?
 
Last edited:
Ralph Norton said:
I'm not saying this isn't good news; I'm saying that every time you post something like this you act like it is ushering in a new Golden Economic Age and Biden did it all himself.
:auiqs.jpg:
Click to expand...
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.
 
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