USA is back! GDP roars to 6.4% in Q1
- Thread starter OLearyLastCall
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I applaud Knighttime acknowledging the productivity and contributions of the "commie" states!
It’s just a continuation of the residual from the TRUMP ADMINISTRATION
Thanks president Biden 🙏. It will take some time to undo the economic disaster Trump left.
Printed 10% of GDP to get a 6.4% return. The 12 year recession continues.
Don’t worry. You aren’t helping. The money printer is just working overtime. 💰
I expect a short term boom, We just dumped 2.6 trillion dollars between the end of 2020 and then 2021, Add to that opening up things had to take off, and inflation is running wild with it. I expect a 6 mos to maybe a bit over a year boom and then the bubble is going to explode.
on a side note, Growth in 3rd quarter last year with first partial open up was 33.4% and still was 4% growth in 4th quarter with Blue states staying in lock down as much as the could. So Huge stimulus payment and opening up only increased it by 2.4%.
Inflation drives GDP growth now. Just wait until MV starts to tick up and we could turn into Argentina in the course of a couple of months. Should be a fun ride.
Sam Zell Buys Gold With Inflation ‘Reminiscent of the ‘70s’
Billionaire investor Sam Zell is seeing inflation everywhere, and has bought gold as a hedge -- something he says he used to knock others for doing.
www.bloomberg.com
Inflation reminiscent of the 1970s.
Are we blaming Biden for this like we did Carter?Sam Zell Buys Gold With Inflation ‘Reminiscent of the ‘70s’
Billionaire investor Sam Zell is seeing inflation everywhere, and has bought gold as a hedge -- something he says he used to knock others for doing.
Inflation reminiscent of the 1970s.
I hope not. Biden isn't helping things, but its not like it's something he can fix even if he wanted to.
b-b-but Trump took credit for Obama's economy!! reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
This is the kind of report that used to lead to a sharp dip in the stock market. We'll probably close at an all time high today.Who needs jobs?
Not the last 3 years....which was the residual from the OBAMA ADMINISTRATION.
The last 10 years of handouts to billionaires has been insanity, and we have nothing to show for it except a richer and richer top 0.5%
It will trickle down any day now. Right?
Remember the nonsense about how Trump's 2 trillion dollar tax cut would "pay for itself"? Yet raising it back to the level it was at before Trump to pay for our crumbling infrastructure is "too costly."
If it was actually infrastructure spending that went into things that increased productivity, I'd be 100% on board. But it won't so I'm not. We should have learned this lesson last time when we spent 787 billion dollars for infrastructure and 90% of it went into the pockets of people that didn't need it.
At this point, the entire goal of our monetary and fiscal policy is to make rich people even richer, and to keep interest rates low so that the government can inflate themselves out of debt.
