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

Concart said:
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.
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A cooling housing market does not translate to an economic depression unless your entire economy is based around housing, which ours isn't.
 
Stringfellow Hawk said:
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
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FOX BUSINESS?



The fuck farts who denied the crash was coming because of Bush and republicans trash economic lies



HAHAHAHAHAHAHAHAHSHAHAHAHAHAHbaghahahahgahajahahaha


Fucking idiot loser
 
Stringfellow Hawk said:
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.
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1. "residential investment"? You mean home ownership.

2. High interest rates: The Fed, not Biden

3. Falling real incomes: Capitalism, not Biden.

I love whenever Conservatives stupidly point out the failures of capitalism when they try to attack socialism.
 
Frank Apisa said:
Listen up, Moron.

The American economy is almost always in better shape under Democratic Administrations...than it is under Republican.
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unfortunately for the Demmycrats pretty much everyone who doesn't vote Demmycrat knows that isn't actually true........you've had four presidents since 1968.......two of them gave us double digit inflation, one doubled the national debt.....Clinton didn't do too bad economically, at least after the Republicans took the House, but he did get impeached, of course......
 
Stringfellow Hawk said:
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
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What does any of that have to do with disposable income? Disposable income doesn’t go toward investment. Article throws around the right semantics, but applies them incorrectly

And of course the economy slowed down, if it didn’t, inflation would have increased, and Fox would be offering apocalyptic articles on runaway inflation. The key is to not fall into a recession, which the two percent shows isn’t happening, and is what is being celebrated
 
PostmodernProphet said:
unfortunately for the Demmycrats pretty much everyone who doesn't vote Demmycrat knows that isn't actually true
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Every single Republican President since Ford has left behind a stinking economy for the Democrat to clean up.

With Ford, it was inflation and the soaring cost of oil.

With Reagan/Bush it was the S&L collapse followed by the 1991-2 recession.

With Bush the Dumber, it was the Great Recession.

With Trump, it was COVID.

There has not been steady Republican leadership of the economy since Einsenhower, who would never be a Republican today.
 
PostmodernProphet said:
unfortunately for the Demmycrats pretty much everyone who doesn't vote Demmycrat knows that isn't actually true........you've had four presidents since 1968.......two of them gave us double digit inflation, one doubled the national debt.....Clinton didn't do too bad economically, at least after the Republicans took the House, but he did get impeached, of course......
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MATH IDIOT


Math says your brain has decayed


You hate math


And science


And history



And democracy
 
Concart said:
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.
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didn't you read the OP?.....

its there....from the linked page.....
The most troubling information in the GDP report is the precipitous drop in real disposable income, which fell over $1 trillion in 2022. For context, this is the second-largest percentage drop in real disposable income ever, behind only 1932, the worst year of the Great Depression.
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PostmodernProphet said:
unfortunately for the Demmycrats pretty much everyone who doesn't vote Demmycrat knows that isn't actually true........you've had four presidents since 1968.......two of them gave us double digit inflation, one doubled the national debt.....Clinton didn't do too bad economically, at least after the Republicans took the House, but he did get impeached, of course......
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That’s not true, the Clinton Administration handed off a balanced budget, Obama, inheriting a historical recession, reset the economy back on track, and Biden, dealing with a generational crisis, is now leading the economy back from record inflation. And when it comes to debt, the last Administration set new records for debt incurred under a progressing economy
 
LV426 said:
Every single Republican President since Ford has left behind a stinking economy for the Democrat to clean up.

With Ford, it was inflation and the soaring cost of oil.

With Reagan/Bush it was the S&L collapse followed by the 1991-2 recession.

With Bush the Dumber, it was the Great Recession.

With Trump, it was COVID.

There has not been steady Republican leadership of the economy since Einsenhower, who would never be a Republican today.
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what I said about the last four Demmycrat presidents is true and will always be true......I don't know how many times you stamp your feet and deny it.......
 
archives said:
That’s not true, the Clinton Administration handed off a balanced budget, Obama, inheriting a historical recession, reset the economy back on track, and Biden, dealing with a generational crisis, is now leading the economy back from record inflation. And when it comes to debt, the last Administration set new records for debt incurred under a progressing economy
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They don’t use math or facts


They use lies in their place
 
archives said:
That’s not true, the Clinton Administration handed off a balanced budget, Obama, inheriting a historical recession, reset the economy back on track, and Biden, dealing with a generational crisis, is now leading the economy back from record inflation. And when it comes to debt, the last Administration set new records for debt incurred under a progressing economy
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idiots everywhere......Obama gave us the worst recovery in US history........when he ran in 2012 his platform was sorry I didn't do anything I promised in 2008 but if you give me another chance I will try again.......Clinton's "balanced budget" was Newt Gingrich's budget and Clinton complained it would bankrupt the country.......Biden's inflation would still be record breaking if he hadn't already done worse......
 
PostmodernProphet said:
when he ran in 2012 his platform was sorry I didn't do anything I promised in 2008 but if you give me another chance I will try again..
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But he did promise to get us out of Iraq (which he did), he promised to recover the economy (which he did), he promised to reform health care (which he did), and he even got Osama bin Laden after years of Bush the Dumber promising to catch him.

It only took Obama 2 years to get bin Laden.
 
PostmodernProphet said:
Clinton's "balanced budget" was Newt Gingrich's budget and Clinton complained it would bankrupt the country..
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Did you forget about the 1996 shutdown that the Republicans lost?

They demanded $300B in additional spending cuts, then surrendered on that point within a week.

The budgets were Clinton's, not Newt's.
 
Concart said:
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.
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you must be an ignorant fuck, no one has recovered the losses on the market from this stupid prick. Disposable income is down for 90% of American now and it will only get worse. You must be from CA for NY where citizens are treated like cattle and used to getting fucked
 
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