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Author Topic: GDP surged a whopping 4.9% last quarter. Wow!!  (Read 502 times)

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Offline YAX

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GDP surged a whopping 4.9% last quarter. Wow!!
« on: October 26, 2023, 10:54:11 AM »
If you gonna blame Biden for high gas prices, then you better give him credit for this too.  Otherwise, you’re just being bias.  ;D




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Offline Hung_Low

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Re: GDP surged a whopping 4.9% last quarter. Wow!!
« Reply #1 on: October 31, 2023, 12:08:31 PM »
If you gonna blame Biden for high gas prices, then you better give him credit for this too.  Otherwise, you’re just being bias.  ;D



If you're going to put up misinformation to tout for Brandon... at least tell the whole story.


The chart shows this in relationship to the recent past, with the dotted line showing the long-run 1.8% growth rate of the economy.

The 4.9% is an annualized number, so the actual growth from Q2 was just under 1.5%, and the year/tear growth was 2.9%.

GDP will continue to grow... all due to majority of consumption spending (see - chart; people are not going to starve to death) and inventory, however, with this 'GDP' growth news - stocks actually fell, meaning people aren't buying this growth thing. 





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