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(CNBC)   You down with GDP ?   (cnbc.com) divider line
    More: PSA, Personal consumption expenditures price index, Government spending, Macroeconomics, Federal government of the United States, Consumption, slowest gain of the pandemic-era recovery, supply chain issues, third quarter  
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1053 clicks; posted to Business » and Main » on 28 Oct 2021 at 10:50 AM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

 
2021-10-28 11:17:06 AM  
9 votes:
Who really thought this would be the case? The pandemic isn't over and isn't even under control. Why would anyone assume an economic boom? Also, remember when they were saying it would be like the Post WWII boom? LOL

"Why the biggest global boom since World War II won't be good for everyone, according to the World Bank"

https://www.businessinsider.com/global-economic-recovery-outlook-uneven-growth-world-bank-forecast-gdp-2021-6

"The global economy will grow 5.6% - the most in 80 years - in 2021, the World Bank said Tuesday.
Yet emerging economies will largely fall behind due to debt pressures and slow vaccination.
Advanced economies must help with vaccination and policy support to avoid worsening inequalities, the World Bank said."

FTFA: Consumer spending, which makes up 69% of the $23.2 trillion U.S. economy, increased at just a 1.6% pace for the most recent period, after rising 12% in the second quarter.

It's almost as if cutting unemployment benefits to people had an impact on consumer spending.

Oh hey, the stock market is up a few hundred points.
 
2021-10-28 11:59:24 AM  
9 votes:

Nadie_AZ: Who really thought this would be the case? The pandemic isn't over and isn't even under control. Why would anyone assume an economic boom? Also, remember when they were saying it would be like the Post WWII boom? LOL

"Why the biggest global boom since World War II won't be good for everyone, according to the World Bank"

https://www.businessinsider.com/global-economic-recovery-outlook-uneven-growth-world-bank-forecast-gdp-2021-6

"The global economy will grow 5.6% - the most in 80 years - in 2021, the World Bank said Tuesday.
Yet emerging economies will largely fall behind due to debt pressures and slow vaccination.
Advanced economies must help with vaccination and policy support to avoid worsening inequalities, the World Bank said."

FTFA: Consumer spending, which makes up 69% of the $23.2 trillion U.S. economy, increased at just a 1.6% pace for the most recent period, after rising 12% in the second quarter.

It's almost as if cutting unemployment benefits to people had an impact on consumer spending.

Oh hey, the stock market is up a few hundred points.


Post ww2 boom also had massive infrastructure projects funded by the government that modernized a metric fuark ton of the country.

Can't do that now cause "reasons"
 
2021-10-28 11:07:55 AM  
8 votes:
ZOMG the economy isn't growing as fast as we want! SELL, MORTIMER, SELL!
 
2021-10-28 11:27:26 AM  
6 votes:

Nadie_AZ: Who really thought this would be the case? The pandemic isn't over and isn't even under control. Why would anyone assume an economic boom? Also, remember when they were saying it would be like the Post WWII boom? LOL

"Why the biggest global boom since World War II won't be good for everyone, according to the World Bank"

https://www.businessinsider.com/global-economic-recovery-outlook-uneven-growth-world-bank-forecast-gdp-2021-6

"The global economy will grow 5.6% - the most in 80 years - in 2021, the World Bank said Tuesday.
Yet emerging economies will largely fall behind due to debt pressures and slow vaccination.
Advanced economies must help with vaccination and policy support to avoid worsening inequalities, the World Bank said."

FTFA: Consumer spending, which makes up 69% of the $23.2 trillion U.S. economy, increased at just a 1.6% pace for the most recent period, after rising 12% in the second quarter.

It's almost as if cutting unemployment benefits to people had an impact on consumer spending.

Oh hey, the stock market is up a few hundred points.


You mean austerity in a crisis makes things much much worse?  Next you will tell me the moon controls the tides, water is wet, and the sky is blue.
Thankfully this is localized in red states where they wanted and demanded this policy so mission accomplished.
 
2021-10-28 12:12:36 PM  
6 votes:
The relief payments that went to everyone and expanded unemployment benefits did precisely what they were intended: resurrected an economy induced into a coma. Never before has Keynesian economics been so thoroughly and unambiguously proven correct.

Doomsayers are claiming hyperinflation is coming. They literally have never been correct. Ignore those fools. The inflation we're seeing is the aftershock of

1a) manufacturing capacity taking a big hit due to the shutdowns
1b) businesses trying to protect themselves by not producing goods they weren't sure how quickly would sell
2a) lots of people now have extra dollars to spend thanks to stimulus outlays
2b) too much demand overwhelming production capacity
3) profiteering by mono/oligopoly sectors in supply chains

It'll take another year to smooth things out and get back to normal. But then we're staring down climate change and no one is willing to crush fossil fuels so we're farked.
 
2021-10-28 12:13:31 PM  
6 votes:

DORMAMU: Nadie_AZ: Who really thought this would be the case? The pandemic isn't over and isn't even under control. Why would anyone assume an economic boom? Also, remember when they were saying it would be like the Post WWII boom? LOL

"Why the biggest global boom since World War II won't be good for everyone, according to the World Bank"

https://www.businessinsider.com/global-economic-recovery-outlook-uneven-growth-world-bank-forecast-gdp-2021-6

"The global economy will grow 5.6% - the most in 80 years - in 2021, the World Bank said Tuesday.
Yet emerging economies will largely fall behind due to debt pressures and slow vaccination.
Advanced economies must help with vaccination and policy support to avoid worsening inequalities, the World Bank said."

FTFA: Consumer spending, which makes up 69% of the $23.2 trillion U.S. economy, increased at just a 1.6% pace for the most recent period, after rising 12% in the second quarter.

It's almost as if cutting unemployment benefits to people had an impact on consumer spending.

Oh hey, the stock market is up a few hundred points.

Post ww2 boom also had massive infrastructure projects funded by the government that modernized a metric fuark ton of the country.

Can't do that now cause "reasons"


And one of the reasons is poor math skilz.  We have 1/3 of a billion people in the US. A $3.5 trillion bill is $10,000 per person, or properly financed, it costs $8 a month per person, more for richers, less for poors.

Who farking cares about $8 a month?   As if we really need to "pay" for it at all.  Fark me...

/Biden is awesome except he hasn't been able to explain how cheap $3.5 T is.
 
2021-10-28 12:18:18 PM  
4 votes:
The capital economy has no bearing on quality of life for American citizens. The working economy is in absolute shambles and degrading very, very quickly. I don't even entertain skilled work anymore because I won't put myself on a path to a hospital.
 
2021-10-28 12:47:14 PM  
3 votes:

OutsmartBullet: The capital economy has no bearing on quality of life for American citizens. The working economy is in absolute shambles and degrading very, very quickly. I don't even entertain skilled work anymore because I won't put myself on a path to a hospital.


nobody cares about the "real" economy
as long as billionaires can keep turning monopoly money into real money to fund yachts and servants the world will be rainbows and unicorns.
get back to your assigned task, peasant.
 
2021-10-28 11:06:02 AM  
2 votes:
Eh we're still recovering from trump stagflation recession  so this ok.
 
2021-10-28 12:10:25 PM  
2 votes:
Even if you want to spend money, you often can't find what you want to buy in stock due to supply chain issues.
 
2021-10-28 11:36:35 AM  
1 vote:

IlGreven: ZOMG the economy isn't growing as fast as we want! SELL, MORTIMER, SELL!


Those lazy sit at home stock owners have their panties in a bunch
 
2021-10-28 12:07:27 PM  
1 vote:
Slowdown or inflation eating up money so no room for extras?
 
2021-10-28 1:00:32 PM  
1 vote:

oopsboom: OutsmartBullet: The capital economy has no bearing on quality of life for American citizens. The working economy is in absolute shambles and degrading very, very quickly. I don't even entertain skilled work anymore because I won't put myself on a path to a hospital.

nobody cares about the "real" economy
as long as billionaires can keep turning monopoly money into real money to fund yachts and servants the world will be rainbows and unicorns.
get back to your assigned task, peasant.


The peasants should feel honored to serve lazy sit at home stock owners
 
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