FivePoundLatte Posted April 28, 2022 Share Posted April 28, 2022 U.S. Economy Shrank in First Quarter https://www.wsj.com/articles/us-economy-gdp-growth-q1-11651108351 "The U.S. economy shrank at a 1.4% annual rate in the first quarter, the Commerce Department said Thursday, its first contraction since early in the pandemic." Quote Link to comment Share on other sites More sharing options...
adarmo Posted April 28, 2022 Share Posted April 28, 2022 Time for some monetary help.............. Quote Link to comment Share on other sites More sharing options...
henry the king Posted April 28, 2022 Share Posted April 28, 2022 Inflation Joe really is making a mess of things isn't he Quote Link to comment Share on other sites More sharing options...
byron78 Posted April 28, 2022 Share Posted April 28, 2022 Big chunk of the decline is a big reduction in US government spending. Which you'd think would appeal to the mad eyed Trumper types. (I suppose I'm assuming far too many of them are both sane and numerically literate?) Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted April 28, 2022 Share Posted April 28, 2022 2 hours ago, adarmo said: Time for some monetary help.............. Money to buy what? Oil production in the US is still below pre-Covid levels. Quote Link to comment Share on other sites More sharing options...
Big Orange Posted April 28, 2022 Share Posted April 28, 2022 America is, IMO, 30 to 50 years behind Russia as a createring, crumbling Great Power (and China is on thin ice as well). Quote Link to comment Share on other sites More sharing options...
fuzzy_bear Posted April 28, 2022 Share Posted April 28, 2022 1 minute ago, Big Orange said: America is, IMO, 30 to 50 years behind Russia as a createring, crumbling Great Power (and China is on thin ice as well). Steady on lad. It was a 1.4% drop in GDP in Q1 Quote Link to comment Share on other sites More sharing options...
reddog Posted April 28, 2022 Share Posted April 28, 2022 The US stock markets seem to be up today, even after the news came out. Do they think this will reduce interest rate rises or even start more money printing? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 28, 2022 Share Posted April 28, 2022 5 hours ago, byron78 said: Big chunk of the decline is a big reduction in US government spending. Which you'd think would appeal to the mad eyed Trumper types. (I suppose I'm assuming far too many of them are both sane and numerically literate?) How so? Trumpton put $8 trillion on the national debt in just four years. Hail Caesar! Quote Link to comment Share on other sites More sharing options...
adarmo Posted April 29, 2022 Share Posted April 29, 2022 12 hours ago, NoHPCinTheUK said: Money to buy what? Oil production in the US is still below pre-Covid levels. Debt of course. Quote Link to comment Share on other sites More sharing options...
bluegnu Posted April 29, 2022 Share Posted April 29, 2022 13 hours ago, reddog said: The US stock markets seem to be up today, even after the news came out. Do they think this will reduce interest rate rises or even start more money printing? I was surprised at the market reaction too. It appears that the GDP figure was heavily distorted by an enormous trade deficit. Other aspects of the economy are actually quite strong... https://www.marketwatch.com/story/coming-up-u-s-first-quarter-gdp-11651147557?mod=mw_latestnews Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted April 29, 2022 Share Posted April 29, 2022 The US economy is strong. I wouldn’t bet against it. I think the US will be a different country 10 years from now: all the hype around the Silicon Valley will go and another new economy will see the light of the day. The real problem is Europe. No commodities, old population, a war in our garden, falling incomes etc. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.