Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of Politics | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search Politics
Shrewd'm.com Merry shrewd investors
Best Of Politics | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search Politics

Halls of Shrewd'm / US Policy❤
Unthreaded | Threaded | Whole Thread (5) |
Author: Dope1   😊 😞
Number: of 48491 
Subject: Re: Bidenomics: 4.9% GDP Growth
Date: 10/26/2023 5:14 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 2
But thanks for your "actual analysis".

Sorry, ChatNPC. That's you regurging numbers that make you think you're scoring points. You aren't.
Let's dig into your GDP numbers and see what drove them.

https://seekingalpha.com/article/4643812-us-gdp-su...

The US economy expanded at 4.9% in 3Q with the government, households and homebuilders all contributing significantly and inventory rebuilding further boosting activity.

Let's unpack that sentence and hand you a clue while we're at it: If you're relying on government spending to prop up your GDP numbers, that's a clue that the economy isn't nearly as healthy as you claim it is.

Secondly. homebuilders all contributing significantly

How long's that gonna last with mortgage rates at 8%? Yeah. It's not. You want a chart that shows us what Bidenomics is all about?

It's this one: https://www.atlantafed.org/center-for-housing-and-...

Affordability rates in the sewer. So how long is the housing "boom" going to last?


And what else made up the surge?
https://fred.stlouisfed.org/release/tables?eid=129...

Nonfarm inventory is 1.28% of the 4.9%. That's weird.
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (5) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds