Nkrumah Was Right
Superstar
Trump might be cooking the books
THE US ECONOMY GREW 3.3%
- Thread starter Sir Richard Spirit
- Start date
Trump might be cooking the books
sayyestothis
Free the guys
S&p up almost 11%
Cissed
Cissed
Wargames
One Of The Last Real Ones To Do It
They really ain’t hiring either…..
That’s you taking the bait. The S&P is not measuring actual economic growth. It’s AI alone holding things up based on speculation.
Now AI being the basis for the stock market growing isnt inherently flawed though it is obviously risky. The problem is the whole damn sector crashed a few months ago showing its propensity for being a bubble.
Even Sam Altman, AI’s version of Steve Jobs is like “we can’t actually meet these crazy market expectations”.
Is the AI bubble about to pop? Sam Altman is prepared either way.
“Someone will lose a phenomenal amount of money,” says CEO while fundraising at record prices.
arstechnica.com
Basically the whole economy is being propped up because the next step evolution in Microsoft Office/Google Drive is being mistaken for Skynet. We have also detached ourselves from foreign economies like a version of Brexit… so when we crash other countries will be able to take out market share and we will struggle to get it back. Whereas before if we had a crash it would cause a large global slow down.
Everything is in place for the US to get stuck in a stagflation version of a depression. I just post all of this because this is a mostly black forum and black people should be aware and prepare accordingly. If you want to believe the white man’s lies…. Fine but you can’t act like you wasn‘t told.
Also understand these same wealthy white people are invested both economically and politically in things failing and will profit from the rubble. They will not turn it around before it crashes.
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doublecheese
All Star
ThatTruth777
Superstar
believe a con man's lies brehs
well if you put out bad news you might get fired.
Remember.. you can HATE Trump and STILL benefit from this economy. Wait until these rates start dropping
The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility.
Gross domestic product rose at a 3.3% annualized pace in the April-through-June period, the Commerce Department reported Thursday in its second estimate for the most encompassing measure of economic activity. The reading was better than an initial 3.0% estimate as well as the 3.1% Dow Jones consensus forecast.
Consumer spending, which rose by 1.6% compared with an initial 1.4% estimate, helped push the number higher.
Importantly, a measure called final sales to private domestic purchasers jumped 1.9%, up from the previous figure of 1.2%. Federal Reserve officials watch that metric closely as an indication of demand and sales that focuses on activity within U.S. borders, an especially important measure considering the uncertain impact of President Donald Trump’s tariffs.
The GDP number also reflected the unusual impact of the tariffs as they related to trade numbers.
Imports, which subtract from GDP, tumbled 29.8% in the quarter after companies stockpiled ahead of Trump’s April 2 “liberation day” announcement. The figure was a bit less than the previous estimate of 30.3%.
At the same time, exports, which add to GDP, fell by 1.3%, compared with the previous estimate of -1.8%. Taking the figures together, net exports added nearly 5 percentage points to the Q2 total.
For the first half of the year, GDP has grown about 2.1%, or an average of a little more than 1% per quarter. The economy contracted 0.5% in the first quarter, largely due to the impact of the import rush.
“The good news is consumption came in higher than previously thought. Americans are continuing to spend despite the tariffs and uncertainty, albeit at a slower pace than past years,” said Heather Long, chief economist at Navy Federal Credit Union. “Going forward, the economy is likely to stay in this slower speed mode with spending and growth around 1.5% as the tariffs become more visible to American consumers.”
Inflation-related estimates were little changed from the initial reading. Core personal consumption expenditures prices, which exclude the volatile food and energy categories, rose 2.5%, unchanged from the prior figure, while the headline PCE price index edged lower to 2%, in line with the Fed’s inflation goal.
I keep telling yalll.. not everyone is broke and struggling.. there are familees out here making smart decisions to stay ahead..401/403 are growing..
America will NEVER fall to China
As always: STAY OUT OF DEBT
@Samori Toure come tell us about that stagnation
I winder how much inflation rose especially due to tarrifs and labor costs?
Yeah the economy is doing great.
Consumer sentiment slides in August as Americans express 'heightened concerns about high prices' https://share.google/S3wssKnigUDanoRQD
Consumer sentiment slides in August as Americans express 'heightened concerns about high prices' https://share.google/S3wssKnigUDanoRQD
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they need a reason to complain.
when they saturated our markets with illegals (for 20+ years ) theyd say “u picked the wrong profession”. now were in demand thanks to djt and now the focus is getting the next generation on board. a strong workforce is a strong country. the left has everyone thinking hired skilled labor should be cheap and spanish hahaa.
wait til they drop rates
The market should control labor costs.they need a reason to complain.
when they saturated our markets with illegals (for 20+ years ) theyd say “u picked the wrong profession”. now were in demand thanks to djt and now the focus is getting the next generation on board. a strong workforce is a strong country. the left has everyone thinking hired skilled labor should be cheap and spanish hahaa.
wait til they drop rates
its not a fair market if u dilute the product bud
Republicans out here celebrating these numbers just like dems for the last 3 years telling us everything was fine. WE THE PEOPLE realize things are not fukking fine based on our earnings being stagnant while every cost of living skyrockets. FOH
. There's a reason He fired the person in charge of the economy number and replaced her with his lackie
what in life is fair? Again it's one thing to be conservative it's another to be totally in the tank for one old ass nikka who's gonna die soon and 75% that he did will be immediately rolled back after he's out of office.
They're trying to grow coffee in California first of all wrong state for MAGA but trump wants you to buy american, The coffee in California will be 100 dollars a bag The coffee in Colombia is 3,78 dollars a bag.
Are you MAGA enough to pay 35 bucks for a cup of joe or will you say fukk that I'll pay 6 bucks in the states or 1 dollar in Colombia?
I mean if you're real deal MAGA time to get some convict leasing going and have gang members pick coffee beans for free
If you're standard country club conservative you'd accept division of labor and say that Colombians are best at making coffee and let them have it
If you're a super left leaning liberial you'd say we need to send money to Colombians to subsidize the coffee pickers
The real #bothsides is in middle accepting colombian coffee without tariffs if they accepted American made Tesla cars instead of the much cheaper Build Your Dream chinese made cars That's all over the place down here.