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Started By
Message
Are we about to hit stagflation?
Posted on 4/25/24 at 11:04 am
Posted on 4/25/24 at 11:04 am
quote:
For those who do not understand what just happened:
First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.
This reading is roughly 50% BELOW Goldman Sach's expectations.
But it gets even worse.
At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.
This crushed estimates of 3.4% and further suggests that inflation is on the rise.
We have a weakening economy with rising inflation.
The worst possible outcome for the Fed.
LINK
Inflation has never slowed yet we keep sending billions to other countries.
I love the libs current response to another $91 billion saying "$91 billion is nothing and wouldn't make a difference" Its just so stupid when we need to cut back all spending to tame inflation.
This post was edited on 4/25/24 at 11:06 am
20
Posted on 4/25/24 at 11:06 am to stout
There’s a word for it: Stagflation. Welcome to the 1970s.
Posted on 4/25/24 at 11:06 am to stout
Posted on 4/25/24 at 11:06 am to stout
Again, still have no idea why the DEMS sold out so badly in 2020 to eat this shite sandwich, especially since the recovery likely will occur sometime between 2024 and 2028
Posted on 4/25/24 at 11:07 am to stout
I thought the US had already entered economic stagflation......maybe I was thinking economic stagnation.
Posted on 4/25/24 at 11:07 am to stout
quote:
I love the libs current response to another $91 billion saying "$91 billion is nothing and wouldn't make a difference" Its just so stupid when we need to cut back all spending to tame inflation.
"Please help me, I have a gunshot wound to my chest!"
*Instead of helping, I shoot the shot man in the arm*
"Why'd you make it worse?!"
"I mean it's not like it was a second chest wound."
Lib logic.
Posted on 4/25/24 at 11:09 am to stout
quote:are no republicans voting for these spending bills? Looks like there are 218 Republicans in Congress vs 212 Democrats.
I love the libs current response to another $91 billion saying "$91 billion is nothing and wouldn't make a difference"
ETA: In the House of Representatives
This post was edited on 4/25/24 at 11:10 am
Posted on 4/25/24 at 11:09 am to stout
Where is this coming from?
PCE doesn't get released until tomorrow.
PCE doesn't get released until tomorrow.
This post was edited on 4/25/24 at 11:11 am
Posted on 4/25/24 at 11:10 am to 4cubbies
quote:
are no republicans voting for these spending bills? Looks like there are 218 Republicans in Congress vs 212 Democrats.
Don't worry, we don't like them either.
Posted on 4/25/24 at 11:11 am to stout
quote:
I love the libs current response to another $91 billion saying "$91 billion is nothing and wouldn't make a difference" Its just so stupid when we need to cut back all spending to tame inflation.
It just doesn't make a difference. Truly does not.
It's like being $1M in debt and worrying about a $10 lunch
Posted on 4/25/24 at 11:11 am to JiminyCricket
quote:
Don't worry, we don't like them either.
I hope you include Trump in this, given our pre-Covid spending increases 2016-2020
This post was edited on 4/25/24 at 11:12 am
Posted on 4/25/24 at 11:11 am to stout
Can't be, Biden and the MSM told me the economy was great.
Posted on 4/25/24 at 11:12 am to SlowFlowPro
quote:
Again, still have no idea why the DEMS sold out so badly in 2020 to eat this shite sandwich, especially since the recovery likely will occur sometime between 2024 and 2028
When you don’t have to worry about winning honestly you have nothing to lose.
Posted on 4/25/24 at 11:12 am to SlowFlowPro
quote:
Again, still have no idea why the DEMS sold out so badly in 2020 to eat this shite sandwich, especially since the recovery likely will occur sometime between 2024 and 2028
They wanted to cause it in order to implement whatever they are planning.
Posted on 4/25/24 at 11:12 am to SlowFlowPro
quote:
I hope you include Trump in this, given our pre-Covid spending increases 2016-2020
Is this supposed to be a gotcha?
Posted on 4/25/24 at 11:13 am to stout
quote:
U.S. GDP for 1st quarter of 2024 slowed to only 1.6% growth, almost a point lower than expected and lowest since Q2 of 2022 when it was -0.6%.
Price index shot up 3.1%, a tenth higher than expected.
Core price index soars to 3.7%, three tenths higher than expected.
#Stagflation
Posted on 4/25/24 at 11:13 am to SlowFlowPro
quote:
It's like being $1M in debt and worrying about a $10 lunch
I guess you and I are different because if I am $1 mil in debt I cut back everywhere including $10 lunches if they aren't necessary
Posted on 4/25/24 at 11:14 am to teke184
quote:
They wanted to cause it in order to implement whatever they are planning.
They haven't gotten to yet, and this economy is the only chance they have of losing in 2024.
Imagine if they let Trump own this shite, how powerful they'd be today.
Posted on 4/25/24 at 11:15 am to SlowFlowPro
quote:
Imagine if they let Trump own this shite, how powerful they'd be today.
Trump may have had inflation from the Covid payments but he wouldn’t have fricked oil and gas like Biden has, which has been one of the biggest drivers of inflation.
Posted on 4/25/24 at 11:15 am to JiminyCricket
quote:
Is this supposed to be a gotcha?
It should be because even Trump's spending pre-Covid was at a level greater than Obama's. It only got worse after he listened to Fauci. We all know how bad Obama was. Right?
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