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GDP and the US Dollar   The Serious You: How Current Events Affect You

Started Apr-30 by WALTER784; 816 views.
Msg 7 of 18 to Showtalkshowtalk 
In reply toRe: msg 6
WALTER784
Staff

From: WALTER784

Jun-16

GDP just hit 0... that means expect negative growth in the 3rd & 4th quarters as I originally projected.

Atlanta Fed’s GDP Tracker Falls To Zero

JOHN CARNEY
15 Jun 2022

Economic growth appears to have come to a standstill, a widely followed barometer of the economy showed Wednesday.
 
The Atlanta Fed’s GDPNOW estimate of economic growth based on data published through today fell to zero from 0.9 percent a week ago. The figure was dragged down by a variety of economic data released over the past week, including retail sales, and consumer prices.
 
This decline raises the possibility that the economy may contract for a second consecutive quarter, one conventional definition of an economic recession. The economy contracted at a 1.5 percent annual rate in the first three months of the year.
 
GDPNOW is not a forecast of economic growth. Instead, it is an economic model that tracks what recently released economic data indicates about the economy.

Atlanta Fed's GDP Tracker Falls To Zero (breitbart.com)

FWIW

 

 
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Msg 8 of 18 to WALTER784WALTER784 
In reply toRe: msg 7
Showtalk
Host

From: Showtalk

Jun-16

That’s very dangerous for our country.  

 
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Msg 9 of 18 to Showtalkshowtalk 
In reply toRe: msg 8
WALTER784
Staff

From: WALTER784

Jun-16

Well, I said this would happen on May 1st, 2022... and now, we're at the zero mark heading into negative territory.

If our economists couldn't see this coming... please hire me because I'm not an economist, but I sure saw it coming!!!

FWIW

 
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Msg 10 of 18 to WALTER784WALTER784 
In reply toRe: msg 9
Showtalk
Host

From: Showtalk

Jun-16

You saw it before they did.

 
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Msg 11 of 18 to Showtalkshowtalk 
In reply toRe: msg 10
WALTER784
Staff

From: WALTER784

Jun-17

How's that?

They're the experts... I'm just a high school graduate! (* CHUCKLE *)

Answer is: I understand the economy, those supposed experts don't!

FWIW

 
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Msg 12 of 18 to WALTER784WALTER784 
In reply toRe: msg 11
Showtalk
Host

From: Showtalk

Jun-17

Because you are self educated and informed.

 
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Msg 13 of 18 to Showtalkshowtalk 
In reply toRe: msg 12
WALTER784
Staff

From: WALTER784

Jun-17

Great, so that means we have a bunch of uninformed people running our government... (* BARF *)

But looking at the current state of our economy... and the government policies... that sounds just about right!

FWIW

 
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Msg 14 of 18 to WALTER784WALTER784 
In reply toRe: msg 13
Showtalk
Host

From: Showtalk

Jun-18

We knew they were uninformed before now.  Anyone can run for office, win, and be in charge of taxpayer money. They aren’t required to have any qualifications to handle money. They are not fiduciaries.

 
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Msg 15 of 18 to Showtalkshowtalk 
In reply toRe: msg 14
WALTER784
Staff

From: WALTER784

Jun-18

If no qualifications are required to run our government... then we need to do away with our government!

That's not right!

FWIW

 

 
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Msg 16 of 18 to WALTER784WALTER784 
In reply toRe: msg 15
Showtalk
Host

From: Showtalk

Jun-18

Just age, residency and for the President, citizenship.

 
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