GDP report reveals ominous Great Depression warning sign not seen since 1932

[Stringfellow Hawk]

Democrats have never understood the term "disposable income" or maybe they have and don't want American Citizens to have any!

he latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022. While the White House was quick to take credit for the state of the nation’s economy, they might want to think twice. This latest report should have alarm bells ringing, not trumpets sounding.

That’s because economic growth is slowing down. Even the areas which contributed positively to gross domestic product (GDP) are not necessarily signs of prosperity. For example, business investment grew at only 1.4 percent in the fourth quarter, but that was almost entirely inventory growth. Nonresidential investment, a key driver of future economic growth, was up just 0.7 percent.

Meanwhile, residential investment fell off a cliff, dropping 26.7 percent as consumers were unable to afford the combination of high home prices, high interest rates and falling real incomes. No wonder homeownership affordability has fallen to the lowest level in that metric’s history.

https://www.foxbusiness.com/markets/gdp-report-reveals-ominous-great-depression-warning-sign-1932

 

[Bigdog]

World Bank warns of looming global recession | PBS NewsHourhttps://www.pbs.org › newshour › economy › world-ba...
Jan 10, 2023 — Though the United States might avoid a recession this year — the World Bank predicts the U.S. economy will eke out growth of 0.5 percent ...

 

[SmarterthanYou]

this is a coordinated effort to attack the new republican led congress as being responsible for impending economic collapse

 

[Concart]

this is a coordinated effort to attack the new republican led congress as being responsible for impending economic collapse

If the Republicans refuse to raise the debt ceiling, it will be their fault and everyone will know it. Not exactly the stuff of cloak and dagger intrigue. Damn son, you are stupid.

 

[Ross Dolan]

Democrats have never understood the term "disposable income" or maybe they have and don't want American Citizens to have any!

he latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022. While the White House was quick to take credit for the state of the nation’s economy, they might want to think twice. This latest report should have alarm bells ringing, not trumpets sounding.

That’s because economic growth is slowing down. Even the areas which contributed positively to gross domestic product (GDP) are not necessarily signs of prosperity. For example, business investment grew at only 1.4 percent in the fourth quarter, but that was almost entirely inventory growth. Nonresidential investment, a key driver of future economic growth, was up just 0.7 percent.

Meanwhile, residential investment fell off a cliff, dropping 26.7 percent as consumers were unable to afford the combination of high home prices, high interest rates and falling real incomes. No wonder homeownership affordability has fallen to the lowest level in that metric’s history.

https://www.foxbusiness.com/markets/gdp-report-reveals-ominous-great-depression-warning-sign-1932

Listen up, Moron.

The American economy is almost always in better shape under Democratic Administrations...than it is under Republican.

 

[Concart]

Apparently the OP doesn't understand the term 'supply and demand'. Just a completely stupid thread.

Will there be a recession? There always is. And there is always a recovery. It's called the economic cycle. The Biden Administration has done a magnificent job of smoothing the peaks and valleys. Evidence of that is low unemployment, prices coming down, and mild GDP growth. This site is replete with economic know nothings that view every piece of economic news through a partisan lens.

 

[moon]

this is a coordinated effort to attack the new republican led congress as being responsible for impending economic collapse

Just another episode in the perpetual American civil war.

 

[BidenPresident]

Democrats have never understood the term "disposable income" or maybe they have and don't want American Citizens to have any!

he latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022. While the White House was quick to take credit for the state of the nation’s economy, they might want to think twice. This latest report should have alarm bells ringing, not trumpets sounding.

That’s because economic growth is slowing down. Even the areas which contributed positively to gross domestic product (GDP) are not necessarily signs of prosperity. For example, business investment grew at only 1.4 percent in the fourth quarter, but that was almost entirely inventory growth. Nonresidential investment, a key driver of future economic growth, was up just 0.7 percent.

Meanwhile, residential investment fell off a cliff, dropping 26.7 percent as consumers were unable to afford the combination of high home prices, high interest rates and falling real incomes. No wonder homeownership affordability has fallen to the lowest level in that metric’s history.

https://www.foxbusiness.com/markets/gdp-report-reveals-ominous-great-depression-warning-sign-1932

FOX=Fake News

 

[SmarterthanYou]

Damn son, you are stupid.

says the complete and utter retard who obviously doesn't understand economics

 

[Concart]

says the complete and utter retard who obviously doesn't understand economics

I have a masters, dude. You know absolutely nothing. It's remarkable. You idiots have been screaming that sky is falling since Obama was elected. You have been wrong EVERY SINGLE TIME. Your batting average is .000.

What data in the GDP report hasn't 'been seen since 1932' and what does it suggest to you. In your own words. I'll wait.

 

[SmarterthanYou]

I have a masters, dude. You know absolutely nothing. It's remarkable. You idiots have been screaming that sky is falling since Obama was elected. You have been wrong EVERY SINGLE TIME. Your batting average is .000.

What data in the GDP report hasn't 'been seen since 1932' and what does it suggest to you. In your own words. I'll wait.

a masters in political bullshit, maybe. But I am and always will be smarter than you.

 

[Concart]

a masters in political bullshit, maybe. But I am and always will be smarter than you.

So answer the question, genius.

 

[SmarterthanYou]

So answer the question, genius.

I have absolutely no reason to entertain your stupidity in answering a question at your demand. Any moron who believes that raising the debt ceiling so we can pay our bills without lowering any spending isn't qualified to run a lemonade stand, let alone a national economy

 

[Concart]

I have absolutely no reason to entertain your stupidity in answering a question at your demand. Any moron who believes that raising the debt ceiling so we can pay our bills without lowering any spending isn't qualified to run a lemonade stand, let alone a national economy

In other words, you have no idea how to answer the question. Because you don't know anything about economics.

Strawman argument. I NEVER said that we shouldn't cut spending. But 'cutting spending' is a simpleton argument. First, there are two ways to bring down deficits, decreased spending with negative ROI, and increased revenues. I believe both should be done, but targeted to items with low ROI or negative. You are a simpleton with a rusty scythe, and I am a highly educated person with a scalpel.

Now, can you answer the question without lying about my position? I'll bet no.

 

[SmarterthanYou]

In other words, you have no idea how to answer the question. Because you don't know anything about economics.

Strawman argument. I NEVER said that we shouldn't cut spending. But 'cutting spending' is a simpleton argument. First, there are two ways to bring down deficits, decreased spending with negative ROI, and increased revenues. I believe both should be done, but targeted to items with low ROI or negative. You are a simpleton with a rusty scythe, and I am a highly educated person with a scalpel.

Now, can you answer the question without lying about my position? I'll bet no.

what, EXACTLY, would that question be, peewee

 

[Concart]

what, EXACTLY, would that question be, peewee

What data points in the GDP report have not been 'seen since 1932', and what specifically do those data points suggest to you will happen, and why. Like, you know, an actual economic discussion. I don't believe for two seconds that you have the chops.

 

[LV426]

Democrats have never understood the term "disposable income" or maybe they have and don't want American Citizens to have any!

The only reason the economy would fall into a depression at this point is if the Fed engineered one.

 

[LV426]

What data points in the GDP report have not been 'seen since 1932', and what specifically do those data points suggest to you will happen, and why.

I'll save you the time...there aren't any data points.

The Great Depression was triggered by laissez-faire economics...in other words, government quite literally getting out of the way.

 

[Joe Capitalist]

FOX=Fake News

Aren't they the news organization that's being sued for billions of dollars for reporting fake news and fomenting false conspiracy theories?

 

[Concart]

I'll save you the time...there aren't any data points.

The Great Depression was triggered by laissez-faire economics...in other words, government quite literally getting out of the way.

My suspicion is that they are focused on the housing market cooling. It had to. The housing market explosion, like many other things that have happened in the last three years, was mainly driven by Covid, so the 'adjustment' is a one off. But I'm waiting to hear from the genius.