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  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

Bidenomics: Stellar Q3 growth expected Thursday

Discussion in 'Too Hot for Swamp Gas' started by citygator, Oct 24, 2023.

  1. citygator

    citygator VIP Member

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    Thursday the government will release GDP figures to the nation. It is widely expected to be a stellar report leaving no hint at a 2023 recession. Post your thanks below.

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    GDP bonanza: U.S. economy may have grown 5% in the third quarter
    The U.S. economy has not only defied widespread predictions of a sharp slowdown. It's grown even faster.


    Economist survey: GDP growth of 4.3% in 3Q, fastest in nearly 2 years | Fortune
    The American economic hot streak is just warming up.
    fortune.com

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    From Recession Fears to Too Good? What This Week’s GDP Data Will Tell Us - WSJ's Take On the Week - WSJ Podcasts
    This week, we're looking ahead to the GDP data for the third quarter of 2023 to find out how much the American economy grew from July to September. Thanks to higher than expected numbers from the latest retail sales and jobs reports, economists have lowered the probability of a recession.

    The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed.

    Gross domestic product advanced at a 4.3% annualized pace in July-September, according to the median projection in a Bloomberg survey of economists. Such growth illustrates that the US remains the global economic powerhouse as Europe stagnates and Asia contends with a struggling China
     
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  2. reboundgtr

    reboundgtr VIP Member

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    Great and food still costing an arm and a leg. Energy prices outrageous. Great news about the GDP. Doesn't really do anything.
     
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  3. citygator

    citygator VIP Member

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    There are 9.6M open jobs and the economy is expected to have grown significantly. Could be way worse. In fact it was 3 years ago.

    Job Openings and Labor Turnover Summary - 2023 M08 Results
     
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  4. l_boy

    l_boy 5500

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    Because gas is $3.00 a gallon a strong economy doesn’t count?

    BTW these figures are real gdp growth - after inflation. But you are right in your views reflect a great mass of people who don’t know much other than the prices of gas and what Fox News tells them.
     
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  5. ursidman

    ursidman VIP Member

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    For whatever influence you may have had on the good economy, thanks Joe.
     
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  6. Sohogator

    Sohogator GC Hall of Fame

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    It is right to give Joe thanks and praise
     
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  7. Sohogator

    Sohogator GC Hall of Fame

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    $3 gas is outrageous? I feel bad for you if that’s your situation. I cook daily good stuff and the only thing that I find expensive is beef and guess why ( you’ll never guess so I’ll tell you) Climate change - also probably Trump.

    Here's why beef is still pricey | CNN Business
     
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  8. channingcrowderhungry

    channingcrowderhungry Premium Member

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    Bottom of a pint glass
    There are still some weak points in our economy, but all in all we've faired really well compared to other g8 countries
     
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  9. WarDamnGator

    WarDamnGator GC Hall of Fame

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    The fed will have to raise to 10 - 20 - maybe even 30% - to stop the mighty Biden!
     
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  10. AgingGator

    AgingGator GC Hall of Fame

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    Or those who don’t recognize another bubble until it pops.
     
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  11. AgingGator

    AgingGator GC Hall of Fame

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    You should wash your mouth out with soap for that!
     
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  12. WarDamnGator

    WarDamnGator GC Hall of Fame

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    So You think the economy is so great it's in a bubble? Wow.
     
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  13. G8R92

    G8R92 GC Hall of Fame

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    Because our country continues spending money like a teenager with daddy's credit card. Is this really what we want, a house of cards?

    The U.S. government Friday said its deficit rose to $1.7 trillion, or 6.3% of gross domestic product, in the year ended Sept. 30, from $1.4 trillion, or 5.4% of GDP, a year earlier. Without an accounting change related to the administration’s aborted student-loan-cancellation program, the deficit would have been closer to $2 trillion, a doubling from the prior year.

    As U.S. Debt Surges, Europe Brings Its Own Under Control
     
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  14. Sohogator

    Sohogator GC Hall of Fame

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    I don’t advertise it but in addition to my daily two minutes of hate I have a weekly or biweekly two minutes of thanks and praise. Generally for Joe, Agent smith and whomever is prosecuting Trump but also for my family and friends, those who do truly good things in the community, and the hot girl encounter that escalates.
     
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  15. AgingGator

    AgingGator GC Hall of Fame

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    No, the economy is not great. That is my point. If you only look at GDP, it’s pretty good( although I don’t think the way they “adjust” for inflation does a good job of adjusting for it), but when you look deeper and wider there are many concerns.
     
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  16. AgingGator

    AgingGator GC Hall of Fame

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    The hot girl encounter isn’t really the last on your list, is it?
     
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  17. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    [​IMG]
     
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  18. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    Where's the bubble?
     
  19. gator95

    gator95 GC Hall of Fame

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    LOL. Yeah, everything is awesome!

    https://www.cnbc.com/2023/10/25/onl...d-emergency-savings-in-2023-report-finds.html

    It’s becoming increasingly difficult for Americans to set money aside.

    Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report.


    “Rising prices and high household expenses have been the predominant impediments to boosting emergency savings,” said Greg McBride, Bankrate’s chief financial analyst.
     
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  20. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    Well, bad as it is, people are still making more in real wages now than they were in 2019.
     
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