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

[LV426]

compounding.......google it......

That isn't how compounding works, you fucking moron.

 

[Theywillneverlearn!]

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 "Master's"" in bullshit. Can you point out even ONCE when you were right about anything with the economy? Of course you cannot. STFU you welfare collecting, white, democrat.

 

[Concart]

This message is hidden because Theywillneverlearn! is on your ignore list.

You are a worthless piece of shit troll, popeye. Go play with your rubber duckies.

 

[Concart]

That isn't how compounding works, you fucking moron.

Holy fuck, he thinks prices are going up 7% a month! PMP is truly a fucking moron.

 

[Theywillneverlearn!]

One can just feel the wind from Concarts limp wrists flapping about.

 

[PostmodernProphet]

Like, incredibly fucking stupid if you think every year products get 7% more expensive.

dude, you are incredibly stupid if you think they aren't.......

 

[PostmodernProphet]

Holy fuck, he thinks prices are going up 7% a month! PMP is truly a fucking moron.

no, fuckwit....it is the annual rate......you apparently think it was 7.5% last year and 0% currently.......

 

[Into the Night]

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

We are already in economic depression. We have been since the Democrats shut down the economy and destroyed businesses over covid19 fear mongering.
This is not to minimize the warning signs you are describing, but only confirming why they are happening.

As for Biden taking credit for the state of the economy, he should. He had a lot to do with the cause of this wreck.

 

[Into the Night]

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 ...

Remember that PBS is discussing the GDP, which is NOT the economy. GDP also includes government spending and the printing of money.

More people are becoming welfare recipients.
More people have much less disposal income.
More people are unable to buy a home and have no prospects open for such developing.
More people are cashing out their investments.
More people are going into debt just to make ends meet.
The dollar has devalued a lot just in this past year as the government tries to print it's way out it's predicament (that it brought upon itself).

Fundamental changes are coming. Some good, some bad. Those dependent on government are going to get the worst of it. Yes...that includes the 'elite'.
Some of this isn't going to be pretty.

 

[Into the Night]

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

To be fair, a lot of Republicans are just as to blame as the Democrats. There's a lot of RINOs among Republicans.

 

[Hawkeye10]

To be fair, a lot of Republicans are just as to blame as the Democrats. There's a lot of RINOs among Republicans.

And in Washington that problem seems to be getting worse not better. All across the West conservatives are discovering that that they have been betrayed and constantly lied too, that no one in power is willing to represent them and their ideas.

 

[Into the Night]

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.

There is no such thing as a 'debt ceiling'.
Despite the size of the debt, it won't be a debt crash. It will be a cash crash. It is the wholesale printing of money with no corresponding increase in wealth created through capitalism.

 

[Into the Night]

Listen up, Moron.

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

Are you still chanting this lie?

 

[Into the Night]

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.

How myopic can you get?????!?

Joe Biden and the Democrats CAUSED the current economic depression.

All the destroyed businesses...all the lost revenue...all the high prices...all the shortages...ALL OF IT can be traced right back to the Democrats and Joe Biden.

 

[Into the Night]

Just another episode in the perpetual American civil war.

America has never had a civil war...until now.

 

[Geeko Sportivo]

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

Whoa Nellie!

The Democrats are not attacking Republicans.

What they are trying to do, is warn there fellow House Members across the aisle, that Refusing To Pay Your Bills, have serious and often times, dire consequence that could lead to A REAL BONA FIDE RECESSION! Defaulting on loans are never good for anyone. And if you were a true libertarian, you would know this already!

That is a lot different than attacking them Sir!

It's more like warning them for the better good of our Nation!,

 

[Into the Night]

FOX=Fake News

...and just what about this article is fake??

 

[Into the Night]

I have a masters, dude.

Here is comes...the 'expert' claim. How unoriginal.

You know absolutely nothing.

...and followed by the usual inversion.

It's remarkable. You idiots have been screaming that sky is falling since Obama was elected.

...and completely ignoring the economic depression from 2008 to 2017.

You have been wrong EVERY SINGLE TIME. Your batting average is .000.

...and of course making up a number out of thick air.

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.

...and the usual RQAA.

What a moron.

 

[Into the Night]

So answer the question, genius.

He already did, dumbass. RQAA.

 

[Into the Night]

In other words, you have no idea how to answer the question.

He already did. RQAA.

Because you don't know anything about economics.

He has already shown he knows a lot more than YOU do!

Strawman argument.

Fallacy fallacy. There is no strawman argument here.

I NEVER said that we shouldn't cut spending.

Yes you did. Don't lie. ANYONE that wants to can go read your posts.

But 'cutting spending' is a simpleton argument.

No it isn't.

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.

You are a nothing.

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

RQAA.