GDP grew at 2.6%

W

Walt

Back To Reality
The economy has actually been more good than bad lately, with the most recent GDP growth being 2.6%. The problem is that it has been chaotic and unstable. Republicans are unstable, so hardly the steady hand we need leading our government now.
 
Well, no, Walter.

The annual inflation rate for the United States is 8.2% for the 12 months ended September 2022 after rising 8.3% previously, according to U.S. Labor ...

And (sic):

2022 Salary Increases Look to Trail Inflation - SHRM
https://www.shrm.org › hr-topics › compensation › pages
WorldatWork's 2021-2022 Salary Budget Survey found that salary increase budgets are projected to grow to 3.3 percent on average in 2022, up from 3 percent in ...

That means, Walter that inflation is 5% higher than wage growth.

There have been three bond yield inversions, Walter...recession!
 
Sep 2022 Aug 2022 Jul 2022 Jun 2022 May 2022 Apr 2022

% % % % %
ECONOMIC PROBLEMS (NET) 38 37 35 40 37 39
High cost of living/Inflation 17 18 17 18 18 17
Economy in general 12 14 12 13 12 12
Fuel/Oil prices 3 3 5 5 3 6
Lack of money 2 1 1 1 1 *
Unemployment/Jobs 2 2 1 1 1 2
Gap between rich and poor 2 1 1 1 1 2
Wage issues 1 * 1 * 1 1
Taxes


Gallup
 
Earl said:
Well, no, Walter.
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Well, yes. It is a fact. It might be revised later, but there is a roughly equal chance that it will be revised upward. It is almost impossible it will be revised to a negative.

Earl said:
The annual inflation rate for the United States is 8.2%
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As I mentioned, the economy is unstable and chaotic... BUT IT IS ALSO GROWING!!! There is more good news than bad news.
 
"Unstable and chaotic" are not good adjectives about the economy, Walter.

The economy is at the top of the list of concerns for Americans for a reason, Walter...notwithstanding your whistling past the graveyard.
 
Walt said:
The economy has actually been more good than bad lately, with the most recent GDP growth being 2.6%. The problem is that it has been chaotic and unstable. Republicans are unstable, so hardly the steady hand we need leading our government now.
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But people who think someone with a penis is actually a woman are stable enough to lead it? You people really do think everyone is as stupid as you, dont you? That is precisely why these mid terms will be uglier than pelosi.
 
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Yakuda said:
But people who think someone with a penis is actually a woman is stable enough to learn it? You people really do think everyone is as stupid as you, dont you? That is precisely why these mid terms will be uglier than pelosi.
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Poor Walter is whistling past the graveyard and trying to convince Americans that the economy is just swell.

It’s the top concern for Americans, as it should be.

Poor Walter.
 
Walt said:
The economy has actually been more good than bad lately, with the most recent GDP growth being 2.6%. The problem is that it has been chaotic and unstable. Republicans are unstable, so hardly the steady hand we need leading our government now.
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The Reichtards (see Earl, above) desperately want the economy to crash in order to make Biden look bad and get their #MalignantMango back on the throne. It doesn't matter how much pain that causes their fellow citizens, as long as they get their way.
 
ThatOwlWoman said:
The Reichtards (see Earl, above) desperately want the economy to crash in order to make Biden look bad and get their #MalignantMango back on the throne. It doesn't matter how much pain that causes their fellow citizens, as long as they get their way.
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The economy is far from perfect, but that is to be expected after the very rough trump years. Republicans can not seem to deal with the reality that it is recovering from trump.
 
Walt said:
The economy is far from perfect, but that is to be expected after the very rough trump years. Republicans can not seem to deal with the reality that it is recovering from trump.
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The last recession was in 2020 with 14% unemployment and a -31% GDP growth. Today is certainly an improvement with 3.5 unemployment rate.
 
Walt said:
The economy has actually been more good than bad lately, with the most recent GDP growth being 2.6%. The problem is that it has been chaotic and unstable. Republicans are unstable, so hardly the steady hand we need leading our government now.
Click to expand...

People don’t pay attention to economic indicators as GDP, hard for them to see it in their daily life, besides, it, as most economic indicators, are complex, and people just swallow whatever way their information sources frame economic indicators, you’ll see a lot of that expressed with the responses you get here
 
Flash said:
The last recession was in 2020 with 14% unemployment and a -31% GDP growth. Today is certainly an improvement with 3.5 unemployment rate.
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We have twice the number of unfilled positions as unemployed people. There is a huge number of job position destruction we can go through before we start losing actual jobs. This is an amazing position to be in.
 
archives said:
People don’t pay attention to economic indicators as GDP, hard for them to see it in their daily life, besides, it, as most economic indicators, are complex, and people just swallow whatever way their information sources frame economic indicators, you’ll see a lot of that expressed with the responses you get here
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They also pay attention to their fears. This is a scary time.
 
Earl said:
Well, no, Walter.

The annual inflation rate for the United States is 8.2% for the 12 months ended September 2022 after rising 8.3% previously, according to U.S. Labor ...

And (sic):

2022 Salary Increases Look to Trail Inflation - SHRM
https://www.shrm.org › hr-topics › compensation › pages
WorldatWork's 2021-2022 Salary Budget Survey found that salary increase budgets are projected to grow to 3.3 percent on average in 2022, up from 3 percent in ...

That means, Walter that inflation is 5% higher than wage growth.

There have been three bond yield inversions, Walter...recession!
Click to expand...

Recession?

How do they determine when we're in a recession again?
 
WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue.
 
evince said:
WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue.
Click to expand...

Republicans think they can shout down reality.
 
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