The U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected

[dgordo]

The U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected
https://www.cnbc.com/2024/01/25/gdp...are|com.apple.UIKit.activity.CopyToPasteboard

 

[Chishawk1425]

Month after month but this is bad for Biden somehow like always....

 

[Funky Bunch]

Hunter Biden sumpin sumpin!!

 

[95Hawk]

This is the weirdest great-great depression that I was promised.

 

[Sharky1203]

I've never liked this statistic. What part of the economy grew? Did the rich get richer and that's what grew? Did businesses expand and grow the economy? Is it a growth over the same time period as years past? Who made the predictions that the economy would only be this much? Why are these predictions hardly ever right? Are the predictions to encourage futures trading?

I've never liked this statistic. It always makes me feel like the rich are trying to predict what everyone else is doing and wagering on it.

 

[ICHawk-I]

Edit: Posted a moment too late. ☝️ ☝️

In before the usual folks come in and post a link to a right wing article that says that out of all the data collected about this number, one is really just bad news or not a real indicator of whats happening on Main St.

 

[St. Louis Hawk]

Thanks Brandon!

This is terrible news and I may have to adjust my 3 and 5 year outlooks downward.

 

[Tom Paris]

In before the usual folks come in and post a link to a right wing article that says that out of all the data collected about this number, one is really just bad news.

Ditto. Like I posted in another thread, there's always an excuse as to why Joe can't be given a win on anything. We used to be smart enough in this country to recognize when the economy was going well and that automatically meant the incumbent was keeping his job.

Not these days. People don't care if it's not their guy. Has to be a conspiracy or a deflection to keep Republican voters' eyes elsewhere. Long after I am gone, Biden will be considered one of the most underrated presidents ever and it's because half the country give him no credit for any of his positives.

 

[95Hawk]

I've never liked this statistic. What part of the economy grew? Did the rich get richer and that's what grew? Did businesses expand and grow the economy? Is it a growth over the same time period as years past? Who made the predictions that the economy would only be this much? Why are these predictions hardly ever right? Are the predictions to encourage futures trading?

I've never liked this statistic. It always makes me feel like the rich are trying to predict what everyone else is doing and wagering on it.

I was once terrified of numbers and data. Then a kind doctor prescribed me lithium salts and the world makes a lot more sense now.

 

[Bobcat07]

Worst. Recession. Ever.

 

[Dr. Spaceman]

I've never liked this statistic. What part of the economy grew? Did the rich get richer and that's what grew? Did businesses expand and grow the economy? Is it a growth over the same time period as years past? Who made the predictions that the economy would only be this much? Why are these predictions hardly ever right? Are the predictions to encourage futures trading?

I've never liked this statistic. It always makes me feel like the rich are trying to predict what everyone else is doing and wagering on it.

Just a straight down the middle guy asking questions.

 

[B1GDeal]

 

[St. Louis Hawk]

Just a straight down the middle guy asking questions.

Not a MAGA at all. Doesn’t like Trump. Doesn’t defend Trump.

Just has questions …

 

[Chishawk1425]

 

[95Hawk]

Not a MAGA at all. Doesn’t like Trump. Doesn’t defend Trump.

Just has questions …

Does his own research, tho. Not tied to mainstream media and their Marxist ideology.

 

[Huey Grey]

Typically Rs would immediately pivot to the border when they hear good economic news. But Trump just nuked the border deal. Guess Hunter will have to step up his game bigly today.

 

[Sharky1203]

I was once terrified of numbers and data. Then a kind doctor prescribed me lithium salts and the world makes a lot more sense now.

Don't know about the terrified part. But they are always posting predictions and hardly ever right. So do they really mean anything?

 

[95Hawk]

Don't know about the terrified part. But they are always posting predictions and hardly ever right. So do they really mean anything?

Are “they” in the room with you now?

Since you’re a degree’d meteorologist, are weather forecasts right? Just predictions? Based on sorcery?

 

[Sharky1203]

Are “they” in the room with you now?

Why would the government be in the room with me. You should know, aren't "they" paying you to be on here?

 

[95Hawk]

Why would the government be in the room with me. You should know, aren't "they" paying you to be on here?

My Soros check is delayed so far this week. It’s because the USPS is moving to electric vehicles.

 

[Sharky1203]

My Soros check is delayed so far this week. It’s because the USPS is moving to electric vehicles.

Lol, or he was overseas giving speeches and had a McConnell stoke in the middle of it. Be patient it's in the mail.

 

[MitchLL]

Biden's old!

 

[Sharky1203]

Biden's old!

And your point 🤣

 

[MitchLL]

And your point 🤣

Just flew over your head!

 

[luvmyhawks]

I've never liked this statistic. What part of the economy grew? Did the rich get richer and that's what grew? Did businesses expand and grow the economy? Is it a growth over the same time period as years past? Who made the predictions that the economy would only be this much? Why are these predictions hardly ever right? Are the predictions to encourage futures trading?

I've never liked this statistic. It always makes me feel like the rich are trying to predict what everyone else is doing and wagering on it.

You know, you could read the link in op where most of your questions are answered.

 

[tarheelbybirth]

F'N EMAILS!!!

BENGHAZI!!!!!

 

[Sharky1203]

You know, you could read the link in op where most of your questions are answered.

I did. It's the same every time. We predicted this and made a ton on futures. Now this is what happened and we're going to make a ton on that report.

 

[mattymoknows]

You know, you could read the link in op where most of your questions are answered.

He may have to do his own research on this one. You know, because you can't trust numbers and such.

 

[MitchLL]

Economic news has been good for awhile now.

Nearly every election is about wallet issues.

At this point, Trump is in trouble next November.

 

[Rifler]

Economic news has been good for awhile now.

Nearly every election is about wallet issues.

At this point, Trump is in trouble next November.

Trump resides in trouble,... always has.

 

[LunchBox50]

Just a straight down the middle guy asking questions.

Many people are saying it. Believe me.

 

[torbee]

My Soros check is delayed so far this week. It’s because the USPS is moving to electric vehicles.

I thought it was because of DEI. Damn, I can’t keep up with all the nefarious things “they” are doing!

 

[LunchBox50]

He may have to do his own research on this one. You know, because you can't trust numbers and such.

I'm hearing from a lot of people that this is the Swamp undermining Trump. It's all fake news. Many people are saying it. The best people — big guys who never cry — are coming up to me with tears in their eyes and saying, "Sir, these numbers are FAKE NEWS."

 

[luvmyhawks]

I did. It's the same every time. We predicted this and made a ton on futures. Now this is what happened and we're going to make a ton on that report.

Huh. Interesting. I read the article and the actual report and I didn’t see any of this. weird.

Are you new to the stock market and how it works?

 

[Finance85]

The press release from the government says it's an advance estimate.

The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to "Source Data for the Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete data, will be released on February 28, 2024.

Official release

It might be better to wait for all the numbers before celebrating too much. This might be a glass of champagne instead of a bottle. Third quarter was revised down. New estimate for the year is 2.5% increase, which is a soft landing.

 

[Bearhawk0505]

https://www.cnn.com/2024/01/25/economy/fourth-quarter-gdp/index.html

 

[Obviously Oblivious]

I've never liked this statistic. What part of the economy grew? Did the rich get richer and that's what grew? Did businesses expand and grow the economy? Is it a growth over the same time period as years past? Who made the predictions that the economy would only be this much? Why are these predictions hardly ever right? Are the predictions to encourage futures trading?

I've never liked this statistic. It always makes me feel like the rich are trying to predict what everyone else is doing and wagering on it.

Are you new to the concept of equity markets?

 

[FlickShagwell]

Month after month but this is bad for Biden somehow like always....

BOTH TRUMP AND BIDEN ARE BAD CANDIDATES!

/s

 

[St. Louis Hawk]

Fox busy looking for a rain cloud in the good news.

Just openly rooting for bad news and America to fail.

 

[lucas80]

The press release from the government says it's an advance estimate.

The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to "Source Data for the Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete data, will be released on February 28, 2024.

Official release

It might be better to wait for all the numbers before celebrating too much. This might be a glass of champagne instead of a bottle. Third quarter was revised down. New estimate for the year is 2.5% increase, which is a soft landing.

There he is, the find a negative in a positive totally not a Trumper guy has shown up.