THE US ECONOMY GREW 3.3%
- Thread starter Sir Richard Spirit
- Start date
Sir Richard Spirit
Superstar
numbers bad = celebrate the downfall of America
Numbers good = how can you believe this?
Numbers good = how can you believe this?
Sir Richard Spirit
Superstar
Nike Announces New Round of Layoffs Affecting Corporate Team
Nike has announced a round of corporate layoffs after raising the possibility in latest earnings call. The move comes as part of efforts to turn around the business and refocus on sport.wwd.com
Marijuana company among 5 Michigan employers that announced 640 layoffs in August
The parent company of several cannabis brands heralded the end of Michigan’s marijuana boom when it announced it is leaving the state, but it made up just a fraction of the layoffs that happened in August.www.mlive.com
Kroger's is laying off under 1,000 employees
What about stagnation? You not going to talk about it?
The numbers are bullshyt, because Trump and Lutnick are full of shyt.
FedEx laying off 600 employees.
Wargames
One Of The Last Real Ones To Do It
It takes a hell of an idiot to have both stagflation and a recession at the same time. But Trump and the Jan 6th crew somehow found a way…
I am gonna keep saying this but the only reason he wants low interest rates is to borrow money to buy the economic crash. They know their fukking idiots. The reason they want to buy into certain companies is to keep them solvent during a crash. The real end goal is to burn everything into the ground because these idiots rather rule over a pile of shyt than operate in an actual democracy.
Stagflation. It is when the economy has high inflation and slow or negative growth. Right now inflation is continuing to go up and Moody's and other economists are predicting a recession. That is stagflation.
You are calling it "stagnation", but the term is "stagflation" which is stagnant inflation. Inflation can't go down, because Trump has artificially raised prices by imposing a backdoor national sales tax (tariffs).
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In the DMV area Construction is down. New permits are down. Hiring is down. Bankruptcies are up. Liens are up. The market is flat.
So the question would be GDP up for who?
From what I’ve read the growth is in medical services and AI.
*guy who reads the business journal*
So the question would be GDP up for who?
From what I’ve read the growth is in medical services and AI.
*guy who reads the business journal*
Richard Glidewell
Yall done tore all the bottom of ya shoes w/me!!!
Who published those numbers and what's they credentials and experience?!?
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
Remember when people said this during Biden's presidency and everyone called it bullshyt?
Sir Richard Spirit
Superstar
I’m calling it stagnation because it’s not going to happen. Also, so much money is being spent on A.I it’s going to keep America out of a recession.
you can hate Trump and still eat
Dorian Breh
Veteran
GDP goes up every year 
Except Covid when this idiot fumbled the bag
Except Covid when this idiot fumbled the bag
Dorian Breh
Veteran
I’m calling it stagnation because it’s not going to happen. Also, so much money is being spent on A.I it’s going to keep America out of a recession.
you can hate Trump and still eat
Turning money into chat bots keeping America out of a recession
Sir Richard Spirit
Superstar
Turning money into chat bots keeping America out of a recession
We will avoid a recession as long as they keep spending on AI
