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

Concart said:
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.
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RQAA. Go read the OP.
 
LV426 said:
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.
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WRONG. It was triggered by government intervention, preventing a normal recovery for 21 years. Much of that was by FDR, a Democrat.
It wasn't until Eisenhower that things started to recover.
 
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.

:rofl2::rofl2::rofl2::rofl2:
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Covid did not cause a housing market expansion.
 
This message is hidden because Into the Night is on your ignore list.

Stop spamming the forums, dipshit. No one is listening.
 
Nordberg said:
Lowering spending is not part of the equation. Raising the ceiling has to do with last year's spending, not future spending. That is covered in budgets and economic plans. You are way off.
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like i've always said, you democrats have no understanding of government economics
 
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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I could be wrong, but wasn't the Fed trying to slow growth in order to tame inflation?
 
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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the economic cycle has always been created by large economic players.

think of it as a fattening and a harvesting cycle.

you boomers have always experienced the market always coming back. the powers that be conditioned you this way so you have an unflagging faith in the system..

it always comes back, except the last time when it doesn't.

meanwhile you idiot boomers have led everyone unwittingly down a horrific path to ultimate demise.

get your head out of your ass, dumb boomer.

the intergenerational aggession of the boomers is stunning to see.

they got theirs, so fuck the world.

:truestory:
 
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Althea said:
I could be wrong, but wasn't the Fed trying to slow growth in order to tame inflation?
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I don’t think slow growth is specifically a fed goal, but it follows logically with the goal of raising rates to slow inflation so yea. 3% .annual growth is slow, but given the unemployment rate it appears that it’s holding steady. Certainly the chicken littles in this forum are disappointed in those numbers and desperately trying to make the economy look bad (it isn’t) by citing numbers out of context. Sadly that is what half the country listens to. And it becomes self fulfilling with them. Of course this idiotic debt ceiling fight and the inevitable recall of McCarty could easily tip the economy. Hopefully smart people will prevail. And to McCarthy:Hope you had fun with your little hammer. It ain’t gonna last. H
 
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