SaysWho? Posted January 27, 2022 Share Posted January 27, 2022 US economy grew 5.7% in 2021 in rebound from 2020 recession - The Washington Post WWW.WASHINGTONPOST.COM The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating coronavirus recession Quote WASHINGTON — The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020’s brief but devastating coronavirus recession. The nation’s gross domestic product — its total output of goods and services — expanded 5.7% in 2021. It was the strongest calendar-year growth since a 7.2% surge in 1984 after a previous recession. The economy ended the year by growing at a solid 6.9% annual pace from October through December, the Commerce Department reported Thursday. Quote But super-low interest rates, huge infusions of government aid — including $1,400 checks to most households — and, eventually, the widespread rollout of vaccines revived the economy. Many consumers regained the confidence and financial wherewithal to go out and spend again. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted January 27, 2022 Share Posted January 27, 2022 6 minutes ago, SaysWho? said: The economy ended the year by growing at a solid 6.9% the giving and receiving economy 2 1 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted January 27, 2022 Author Share Posted January 27, 2022 1 hour ago, b_m_b_m_b_m said: the giving and receiving economy I guess you can say that 6.9% is quite Spoiler Spoiler Spoiler Spoiler Spoiler good. 3 Quote Link to comment Share on other sites More sharing options...
Firewithin Posted January 27, 2022 Share Posted January 27, 2022 but i was told that we are living in a socialist hellscape where everything is ending Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted January 27, 2022 Share Posted January 27, 2022 3 hours ago, b_m_b_m_b_m said: the giving and receiving economy Quote Link to comment Share on other sites More sharing options...
Anathema- Posted January 28, 2022 Share Posted January 28, 2022 I'll never forget how jeb bush thought he'd win the primary by doing nothing but promising 4% growth with literally no plan to get there and even if he had one it was basically a pipe dream. Quote Link to comment Share on other sites More sharing options...
Jason Posted January 28, 2022 Share Posted January 28, 2022 Earlier I saw this being reported as 1.425% quarterly growth despite the fact that these numbers are pretty much always annualized in reporting, almost like the media is desperate to make the Biden Bust narrative happen. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted January 28, 2022 Share Posted January 28, 2022 5 minutes ago, Jason said: Earlier I saw this being reported as 1.425% quarterly growth despite the fact that these numbers are pretty much always annualized in reporting, almost like the media is desperate to make the Biden Bust narrative happen. It was the NYT. U.S. Economy Grew 1.7% in 4th Quarter, Capping a Strong Year - The New York Times WWW.NYTIMES.COM The overall 2021 increase in the gross domestic product was the biggest in decades as the pandemic’s effects eased, though challenges persist. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted January 28, 2022 Share Posted January 28, 2022 Just now, Commissar SFLUFAN said: It was the NYT. because of fucking course it was Quote Link to comment Share on other sites More sharing options...
cusideabelincoln Posted January 28, 2022 Share Posted January 28, 2022 Obviously Trump should take credit because he was president for the few days of the beginning of the year of the largest economic growth in history. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted January 28, 2022 Share Posted January 28, 2022 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted January 30, 2022 Share Posted January 30, 2022 Wasn't sure where to post this, but this is an economic thread, so: Sobeys Ontario warehouse workers negotiate big wage increases, says Unifor WWW.STCATHARINESSTANDARD.CA WHITBY, Ont. - The union representing Sobeys warehouse workers in Ontario says they have ratified a four-year contract with “massive wage increases.” 19.5% wage increase over four years for the warehouse union. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted January 31, 2022 Share Posted January 31, 2022 Got a real saying the quiet part loud situation here 1 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted February 1, 2022 Share Posted February 1, 2022 lol at deriding workers looking for low effort solutions and here he is trying to get an email to fix his labor issues. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 28, 2022 Share Posted April 28, 2022 This genuinely came as surprise to me: U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit WWW.CNBC.COM Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984. Quote Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. GDP measures the output of goods and services in the U.S. for the three-month period. A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year. “In retrospect, this could be seen as a pivotal report,” said Simona Mocuta, chief economist at State Street Global Advisors. “It reminds us of the reality that growth has been great, but things are changing and they won’t be that great going forward.” 1 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 28, 2022 Share Posted April 28, 2022 18 minutes ago, Commissar SFLUFAN said: This genuinely came as surprise to me: U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit WWW.CNBC.COM Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984. That Fed meeting next week is going to be even more interesting now! 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 28, 2022 Share Posted April 28, 2022 10 minutes ago, rc0101 said: That Fed meeting next week is going to be even more interesting now! It definitely adds a degree of uncertainly as to the exact magnitude of the rate hike thought I doubt that it will cause them to not execute one at all. Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 28, 2022 Share Posted April 28, 2022 12 minutes ago, Commissar SFLUFAN said: It definitely adds a degree of uncertainly as to the exact magnitude of the rate hike thought I doubt that it will cause them to not execute one at all. I really have no idea now what the hell they will do. Bostic from the Atlanta Fed has been saying the Fed needs to be cautious for a few weeks and now that this drops it appears he may have been right. They could very well halt a rate hike this month and just continue to reduce the balance sheet. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 28, 2022 Share Posted April 28, 2022 54 minutes ago, rc0101 said: I really have no idea now what the hell they will do. Bostic from the Atlanta Fed has been saying the Fed needs to be cautious for a few weeks and now that this drops it appears he may have been right. They could very well halt a rate hike this month and just continue to reduce the balance sheet. The minutes from the meeting should be an entertaining read at the very least! Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted April 28, 2022 Share Posted April 28, 2022 Supply chain issues have to he part of this. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 28, 2022 Share Posted April 28, 2022 4 minutes ago, GeneticBlueprint said: Supply chain issues have to he part of this. Quote A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year. Rising Covid omicron infections to start the year hampered activity across the board, while inflation surging at a level not seen since the early 1980s and the Russian invasion of Ukraine also contributed to the economic stasis. Prices increased sharply during the quarter, with the GDP price index deflator rising 8%, following a 7.1% jump in Q4. The decline in growth came due to a deceleration in private inventory investment, which helped propel growth in the back half of 2021. Other restraints came from exports and government spending across state, federal and local governments, as well as rising imports. “This is noise; not signal. The economy is not falling into recession,” wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics. “Net trade has been hammered by a surge in imports, especially of consumer goods, as wholesalers and retailers have sought to rebuild inventory. This cannot persist much longer, and imports in due course will drop outright, and net trade will boost GDP growth in Q2 and/or Q3.” Quote Link to comment Share on other sites More sharing options...
Comet Posted April 29, 2022 Share Posted April 29, 2022 So what you guys are saying is to put my money into Ape Coin right now? Quote Link to comment Share on other sites More sharing options...
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