GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

Yes those countries also have bad economic policies what's your point?

 

Employment up, income up, more money in circulation, consequently spending increases, demand raises costs, and add in greedflation,

 

I’d agree, I watch nearly any athletic or entertainment event on TV and the audience is jammed, and those aren’t cheap tickets, yet I guarantee if one were to survey those people in attendance as they exited a majority would say the economy stinks.

Not saying everything is wonderful, it never is, yet one wonders if the economy is that bad or is it bad because the media tells us it is bad

 

yay team Democrat; go team

there, I translated your post into English

 

Imagine what could be done if Republicans only goal wasn't to block Democratic policies. Republicans go out of their way to harm our economy.

“When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover." - Trump hoping to see Americans out of a job.

 

In other words, the GDP didn't contract. Good to know.

 

For your info, in 2001, UK, Canada, Australia, and several more industrialized nations avoided a recession.

Question: Due to good economic policies VERSUS our GOP economic policies?

Anticipated response; Yeah but, Yeah but, Yeah but.

 

Another Russian styled disinformation post based on pure divisive nonsense. I doubt America's best interest is the purpose of these threads. And yes, a FED rate cut is next.
Might want to research contraction/expansion while you are flailing around.

 

Try to think a bit differently than in one dimension.
It might just help.

 

And? We also had a Clinton induced dot.com bust and the end of a 10 year period of growth. The recession thanks to Bush43 and the Rep using to mostly correct policies was rather mild and short lived and we got into a robust recovery and one of our best economic periods ever. The peak deficit was $400B and it quickly began to fall hitting a measly $161B by 2007.

Then the Dems took back control of the Congress and a year later we were in a recession and then they took back the WH and we hit a $1,400B deficit and we had the worst recovery in modern history with 3 more years of $1,000B+ deficits, falling incomes and falling LFPR.

Which policies should we be using now?

 

By your logic, the GOP has now been in control of the House for almost 1 1/2 years, so, does that mean the state of the current economy is on them? Just wondering.

What policies is the House GOP implemeting to "mitigate" the current economic problems? (to paraphrase your words)

 

GDP slowed due to a decrease in government spending. Isn't that what we want?

 

GDP didn't decrease

 

Explain how you possibly got that from my logic? Has the GOP taken back the CONGRESS?

Their opposition to the Bidenflation bills, their fights with the Dems over the debt limit, their HR2 to bring the border back in control and end the soaring cost of Biden's illegal alien invasion, “Tax Relief for American Families and Workers Act of 2024” (H.R. 7024),

 

You guys are to funny, Inflation is contracting, GDP isn't contracting. Both still had positive rates while they were less than previous month or quarter. Either way, Yes a positive GDP is still a good thing, especially with pricing of goods rising 3% last quarter. That should lead to increased GDP alone.

 

You left out the slowing of consumer spending, isn't that NOT what we want?

 

Inflation Took Off During First Quarter
By

Megan Leonhardt

The Federal Reserve’s preferred inflation gauge, the personal consumption expenditures price index, grew at an annualized rate of 3.4% in the first quarter, nearly double the 1.8% pace logged during the fourth quarter.

Core PCE inflation, which excludes the more volatile costs of food and energy, climbed 3.7% in the first three months of the year, up from the fourth quarter’s 2% pace, the Bureau of Economic Analysis said Thursday.
https://www.barrons.com/livecoverage/us-gdp-first-quarter-report

 

Consumer spending rose by 0.8% (Q1 2024).

No chance of a recession.

Everything alright.

https://www.reuters.com/markets/us/...february-consumer-spending-surges-2024-03-29/

 

Well that's not good pricing goes up 3% yet spending only .8%, this tells us spending would be down without the high inflation.

 

Quote; “We also had a Clinton induced dot.com burst”

Yep, let’s blame Clinton for the dot.com burst, and 2001 recession.

I think you might have a serious issue.

 

Jan 2024…..inflation up 0.3%
Feb 2024…..up 0.4%
Mar 2024…..up 0.4%

Thus, Q1 2024 inflation, up 1.1%, thus, it didn’t go up 3% last quarter.

However, over the last 12 months…..up 3.5%.

Source; BLS, Consumer Price Index, March 2024

Also, “REAL” Consumption Expenditures takes into account inflation, and according to FRED’s Real Consumption Expenditures;

At the end of December 2023, Real PCE was at $15.655 Trillion

At the end of March 2024; Real PCE increased to $15.762 trillion, thus, last quarter, Real PCE increased by 0.68%

 

Can you name one that doesn’t?

 

You know those weapons were already paid for right ?

We are sending them SURPLUS weapons.

You didn't think we were building them new weapons did you ?

 

You are correct, REAL Personal Consumption Expenditures increased in Q1 2024, and REAL takes into account inflation.

 

In response to what Arkanis said, looks like you jumped out of your rocking chair too fast.