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Thread: U.S. economy regained speed in Q4, 2021 growth best since 1984

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    Default U.S. economy regained speed in Q4, 2021 growth best since 1984

    WASHINGTON, Jan 27 (Reuters) - U.S. economic growth accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to post its best performance in nearly four decades in 2021.

    Gross domestic product increased at a 6.9% annualized rate last quarter, the Commerce Department said in its advance GDP estimate on Thursday. That followed a 2.3% growth pace in the third quarter. Economists polled by Reuters had forecast GDP growth rising at a 5.5% rate. Estimates ranged from as low as a 3.4% rate to as high as a 7.0% pace.

    The economy grew 5.7% in 2021, the strongest since 1984. It contracted 3.4% in 2020, the biggest drop in 74 years.

    https://www.reuters.com/world/us/us-...84-2022-01-27/

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    gemini104104 (01-27-2022)

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    Gross domestic product increased at a 6.9% annualized rate last quarter
    Thank you Joe Biden and the 2021 Stimulus Bill that even Republicans try to claim credit for.

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    Quote Originally Posted by Cypress View Post
    Thank you Joe Biden and the 2021 Stimulus Bill that even Republicans try to claim credit for.
    Build Back Better is not good marketing, but Biden's policies proved to be the right ones.

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    Thanks for looking in the rear view mirror. What's the future look like?

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    Quote Originally Posted by Jack View Post
    Thanks for looking in the rear view mirror. What's the future look like?
    you're kind of a troll.

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    Quote Originally Posted by BidenPresident View Post
    you're kind of a troll.
    I was looking for some Stock advice. The Market has been a bit ... 'bumpy', lately.

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    Quote Originally Posted by Jack View Post
    I was looking for some Stock advice. The Market has been a bit ... 'bumpy', lately.
    get lost bozo

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    Anybody can pick up yesterday's newspaper. (I was hoping you had found Anatta's Crystal Ball)

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    Quote Originally Posted by BidenPresident View Post
    WASHINGTON, Jan 27 (Reuters) - U.S. economic growth accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to post its best performance in nearly four decades in 2021.

    Gross domestic product increased at a 6.9% annualized rate last quarter, the Commerce Department said in its advance GDP estimate on Thursday. That followed a 2.3% growth pace in the third quarter. Economists polled by Reuters had forecast GDP growth rising at a 5.5% rate. Estimates ranged from as low as a 3.4% rate to as high as a 7.0% pace.

    The economy grew 5.7% in 2021, the strongest since 1984. It contracted 3.4% in 2020, the biggest drop in 74 years.

    https://www.reuters.com/world/us/us-...84-2022-01-27/
    Inflation is at 7%, no real growth
    Dutch Uncle finally admits he is a steaming pile of chickenshit!

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    Trump left the economy in a shambles.

    Biden is doing a good job bringing it back. Just like Obama did when Bush left office, and Clinton before him.

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    Quote Originally Posted by BartenderElite View Post
    Trump left the economy in a shambles.

    Biden is doing a good job bringing it back. Just like Obama did when Bush left office, and Clinton before him.
    Correct. Republicans wreck the economy and Democrats revive it.

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    gemini104104 (01-28-2022)

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    Quote Originally Posted by Stringfellow Hawk View Post
    Inflation is at 7%, no real growth
    GDP is adjusted for inflation, so yes real growth.

    It is not adjusted for population growth, so if you can prove our population is growing at a rate of 10% a year.... LMAO!!!
    Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
    Paul Begala, "Politics is show business for ugly people."
    Stephen Colbert, "Reality has a well known liberal bias."

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    Don't get too thrilled - just yet.
    The big numbers look fab.

    But over 70% of that 6.9% Q4 growth was strictly due to a WHOPPING, 4.9% private inventory increase.

    https://www.bea.gov/sites/default/fi...dp4q21_adv.pdf
    (page 10 - Line 40)

    If inflation cools down and the Fed does not raise rates (even though they say they will)?
    Those inventories could be gobbled up and all is well (for now).

    But if inflation does not slowdown and the Fed goes ahead with it's promised rate hikes?
    That HUGE, inventory increase could become a large weight around the economies neck.

    We shall see.

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    Quote Originally Posted by BidenPresident View Post
    Correct. Republicans wreck the economy and Democrats revive it.
    Absolutely and it would be great if idiots who insist on voting against their own interests for filthy, seditious and thieving repukes would understand this reality.

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    Quote Originally Posted by BidenPresident View Post
    Build Back Better is not good marketing, but Biden's policies proved to be the right ones.


    Biden administration results in more of the same Trump immigration policies
    https://www.cnn.com/2021/12/30/polit...ion/index.html

    When It Comes to Policy, Biden and Trump Aren't That Different
    Biden shares other traits with Trump, such as his fiscal irresponsibility, a willingness to bomb foreign countries, and a soft spot for defense spending. So yeah, Trump is gone, but for those still paying attention and still watching the news, we realize that many of his policies are still firmly in place.
    https://reason.com/2021/03/18/when-i...hat-different/

    Why Bidenís economic policies are more like Trumpís than Obamaís
    Trickle-down economics
    The Clinton, Bush, and Obama economic doctrines were all fundamentally neoliberal, reflecting an implicit belief in trickle-down economics. But things started to move in a more neo-populist, nationalist direction with Trump, and these changes have crystallized under Biden.
    https://www.msn.com/en-us/money/mark...a-s/ar-AAMTuIi
    BLUEXIT
    A Modest Proposal For Separating Blue States From Red

    Dear Red-State Trump Voter,
    Letís face it, guys: Weíre done.


    It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.

    This is why our separation in all but name is necessary.


    https://newrepublic.com/article/1409...mp-red-america

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