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In reply to the discussion: The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported [View all]kimbutgar
(26,109 posts)59. Yeah sure
I was at Universal studios earlier this month and no lines for rides. One of the workers said tourism is really off this year. And the lines are rare going to to regular stores. Went to the movies last week and the theater goers were scarce. Yesterday went into Ross and there were only a few people, when usually there are a lot.
Nothing that comes out of this administration do I believe. And wait for the orange turd to come out today praising the economy while thousands of people were laid off from their government jobs. Yeah sure.
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The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported [View all]
BumRushDaShow
Thursday
OP
First thing I thought: U.S. Commerce Department is putting out these numbers, Lutnick doesn't want to be fired.
sop
Thursday
#2
It includes Libation Day (sp) in April, with front running & all kinds of unusual adjustments by corps to TACO.
Bernardo de La Paz
Thursday
#16
Awful that we have to wonder if official reports and stats are trustworthy. But there's good reason. And awful that
wiggs
Thursday
#5
The data for the next ten quarters is available and waiting to be released.
twodogsbarking
Thursday
#9
Yes, the economy is artificially boosted by AI capex (data centres, energy)
Bernardo de La Paz
Thursday
#19
They are moving to throw up data centres as fast as they can. There is construction, purchase of gas turbines, etc.
Bernardo de La Paz
20 hrs ago
#57
Thank you. As if not getting fired automatically makes a worker corrupt.
Bernardo de La Paz
Thursday
#34
Everything he said would prevent a political appointee from juicing numbers.
Bernardo de La Paz
Yesterday
#43
And when the reports are especially bad, like the last 2 payroll jobs reports, and the May retail sales
progree
11 hrs ago
#67
Agreed - although I myself learned long ago that going through the mental contortions required to willfully
Midwestern Democrat
6 hrs ago
#68
Reporting it accurately in Trump's maladministration and you are fired.
travelingthrulife
22 hrs ago
#49
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was a
progree
Thursday
#36
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was 6.0%
progree
Thursday
#37
Thank you for the info. So, tariffs could, at least partly, be distorting the numbers.
Doodley
15 hrs ago
#64
A major reason for the increase is actually a quirk in how the GDP is calculated.
Wiz Imp
Thursday
#33
Instead of trafficking in conspiracy theories about how everything is "fake" (it's not)
Wiz Imp
21 hrs ago
#50
nice, cnn! way to spin "inflation was even higher than previously thought" as a positive thing.
unblock
21 hrs ago
#54
The "personal consumption expenditures price index" is reportedly the Fed's favorite inflation gauge
progree
16 hrs ago
#63
I don't believe it. Paper profits, at best, outright lying and statistics manipulation at worst. /nt
artemisia1
18 hrs ago
#60