Bank Of America warns that we don't actually have economic growth, we instead shrank the economy massively, and only 3 trillion dollars in deficit spending was able to keep GPD up last year. Now without an extra trillion or more in deficit spending we will see a huge drop in GDP for the first quarter, and every quarter after that, because the economy is absolutely fucked. Basically the decline has already started but Biden was able to delay it for a year by selling out America but he can only do that for so long since America has for the most part already been bought up by the Jews and the Chinese.
>Economists at Bank of America (BAC) said in a report to clients they now expect US gross domestic product to decrease at an annual rate of 1% during the first three months of this year.
>That's a sharp downgrade from the bank's prior call for 4% growth in the quarter. And yet it could prove to be optimistic.
>The Atlanta Federal Reserve's GDPNow forecasting model, released on Friday, is calling for 0.1% growth in the first quarter. That would be a rapid slowdown from the 6.9% annual rate of growth during the final quarter of 2021.
>Bank of America pointed to the "shock" caused by Omicron, along with the expected path of inventories and the outlook for fiscal spending, which is set to slow sharply.
Kayden Collins
BoA went under months ago, the whole system is propped up on belief now, there is no fiscal policy that can save the fact that debt percentages are over 100%.
Nathan Wilson
>step one get credit cards
>step two max them out
>step three simply don't pay them
Julian Butler
I can't believe that we have to put up with him for 7 more years
do you people really still believe anything has ANY bearing whatsoever on which puppet bitch is in the "white house"? trump was a puppet bitch, biden is a puppet bitch, they have always been puppet bitches since the establishment of the fed. Chill.
Lincoln King
Ds were so desperate to get rid of orange man they thought holding this bag was a good idea.
Grayson Fisher
Trump didn’t end fracking
Jacob Baker
Watch your mouth you're taking the lord's name in vain
>reported infaltion is at 8% >economic growth is shrinking US is in depression allready. Rest of west will follow.
Matthew Foster
Fuck your god christfag
James Diaz
Gov spending should never be part of GDP
Brandon Morris
>step four have all your shit confiscated and auctioned off by the police to pay your debts
Tyler Hernandez
Don't worry China is coming down with us
Oliver Murphy
Government spending gives positive return by the money multiplier!!!! t. college econ
Noah Russell
Lol they are paying those, so they can attract retail like you to dump the entire float on, while largest owners of float exit. Your retail less than 1m usd retard.
Jose Gomez
>that language on a Sunday shiggy
Samuel Gray
The credit monster strikes again.
Jack Howard
gee it's almost as if the banks are just an extension of the fed.
Nicholas Collins
Wow. So surprising!
Zachary Rivera
Retarted, majority of GDP is related to govt defcit war time spending. With out deficit spending there is no gdp. There is no economy or free market. Only your tax money, and the govt.
John Collins
bro
Sebastian Bennett
>Pro-big government Marxists says spending money on big government is a good thing
And I bet you think Epstein killed himself.
Isaiah Bailey
There is no such thing as economics. You wasted so much of your young virility studying political propaganda pimmped off as science.
This started when Bush spend 7 trillion dollars to kill sand niggers in Iraq. But if you want to get technical it really started in the 60’s when we went off of the gold standard.
Zachary Wilson
But we're talking about QE and asset purchases no?
This is an objective fact you stupid fucking mong. We've been juicing the economy since 2020 and Biden continued it with more stimulus and spending. Did I say "hey guys give Joe Biden a break" no I didn't because the federal reserve is fucking evil.
Hey Christ-chan, if you ever feel like backsliding in your faith in GEESUS, feel free to backslide into my cock. I promise you won't go to Hell (or anyone else after you die).
