October 27, 20222 yr https://www.cnn.com/2022/10/27/economy/us-gdp-third-quarter-initial/index.html Quote The US economy grew last quarter, bouncing back after shrinking in the first half of the year. Gross domestic product — the broadest measure of economic activity — rose by an annualized rate of 2.6% during the third quarter, according to initial estimates released Thursday by the Bureau of Economic Analysis. That’s a turnaround from a decline of 1.6% in the first quarter of the year and negative 0.6% in the second.
October 27, 20222 yr 10 hours ago, mr_hunt said: Better make that money since Joe's gonna shut em down
October 27, 20222 yr 10 hours ago, toolg said: It's a blip on a continuing trend. 4th quarter will be down. 2023 should be entertaining.
October 28, 20222 yr 58 minutes ago, lynched1 said: It's a blip on a continuing trend. 4th quarter will be down. 2023 should be entertaining. I see 4th will recover, then back down in 2023. S&P looks like it bottomed on 1W 200D EMA to me
October 28, 20222 yr 7 minutes ago, DaEagles4Life said: I see 4th will recover, then back down in 2023. S&P looks like it bottomed on 1W 200D EMA to me Some do. I don't see it. Christmas promo's before Halloween aren't a good sign.
October 28, 20222 yr 14 hours ago, lynched1 said: Better make that money since Joe's gonna shut em down They, as a company, have committed to becoming a net zero energy business by 2050. They have invested billions of dollars in renewables. Get lost. You are clueless.
October 28, 20222 yr On 10/27/2022 at 9:46 AM, toolg said: It will be revised down most likely. And with inflation, real growth is negative.
October 28, 20222 yr 2 minutes ago, TEW said: It will be revised down most likely. And with inflation, real growth is negative. Consumer spending and job market remains strong despite inflation. Let's wait to see where the numbers end up.
October 28, 20222 yr 9 minutes ago, toolg said: Consumer spending and job market remains strong despite inflation. Let's wait to see where the numbers end up. That print could double and it would still be negative 4% real growth. EDIT: And consumers have moved to credit for purchases, reaching an all time high of nearly $1 trillion, which is always a good sign.
October 28, 20222 yr 14 minutes ago, TEW said: That print could double and it would still be negative 4% real growth. EDIT: And consumers have moved to credit for purchases, reaching an all time high of nearly $1 trillion, which is always a good sign. Yup i am piling up cash for a buying spree. Probably next yr
October 28, 20222 yr 1 hour ago, ToastJenkins said: Yup i am piling up cash for a buying spree. Probably next yr I figure 3 or 4 more rate cuts, probably 1-2 big ones followed by 1-2 small ones before a fed reversal.
October 28, 20222 yr 21 minutes ago, TEW said: I figure 3 or 4 more rate cuts, probably 1-2 big ones followed by 1-2 small ones before a fed reversal. You mean hikes?
October 28, 20222 yr The US economy went back into growth mode in the third quarter of 2022, making an imminent recession less likely US gross domestic product grew at an annualized rate of 2.6% in the third quarter of 2022. That beats the 2.4% growth estimate. The advance estimate suggests the US economy is growing again after shrinking in the first two quarters of 2022. Americans fearing a looming recession can breathe a little easier. The economy's gross domestic product grew at an annualized rate of 2.6% in the third quarter of 2022, according to a Thursday report from the Bureau of Economic Analysis. That advance estimate is above the median estimate from economists surveyed by Bloomberg of 2.4%.
October 28, 20222 yr In other news, over 50% of the cost of Inflation is due to Corporate Profits. Greed is the major factor for Inflation. Artificially inflating the cost of goods is really good for the American People. Let's give them another tax cut.
October 28, 20222 yr 35 minutes ago, jsdarkstar said: In other news, over 50% of the cost of Inflation is due to Corporate Profits. Greed is the major factor for Inflation. Artificially inflating the cost of goods is really good for the American People. Let's give them another tax cut. Be less stupid
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