Fourth quarter GDP grew at an annualized real gdp (which is after inflation is removed) of 6.9% the highest number in nearly 4 decaded. The Biden boom is real.
wsj.com
"The U.S. economy grew rapidly in the fourth quarter of last year, advancing to a 6.9% annual rate, capping the strongest year of growth in nearly four decades"
Tusk the mumbers.9
In English?
Imagine believing “data” in 2022
I mean, how many chromosomes are you currently in lack of?
As if GDP was ever a real indicator of economic growth in the first place.
Unlike the collapsing mutt Ponzi economy, it's a SURPLUS of chromosomes the fake news shillers have.
on the contrary, he has some to spare
First off believing official numbers ever. How'd that work out For the roman emperors who debased the currency while lying saying everything was great?
Second, official inflation rate was 7.0%. So even using just official numbers, the real value of our GDP SHRANK 0.1%.
Third, using the same old timey metric for inflation, we actually are running at 15.8%. Meaning the GDP shrank 8.9%, which puts us into 1930, great depression era economics. Was the great depression a great time for the US economy? LMAO, anyone who believes this shit is retarded.
>So even using just official numbers, the real value of our GDP SHRANK 0.1%.
Didn't even bother reading the post apparently
Totally it's worse than the great depression right now
What a retard
>As if GDP was ever a real indicator of economic growth in the first place.
As far as I can tell the numbers were real and amazing, best the world has ever seen between 2017-2020
But fake 2008-2016 and 2021-present. Can't quite put my finger on why though
I would hope. We literally removed China from our economy. Somehow it still isn't fast enough.
>shedding half a million jobs every month
>Le biden Le boom
Lmao
>shut down entire economy
>start economy back up eventually
WOW THANKS BASED BIDEN grEATEST PRESIDENT EVER
>>shedding half a million jobs every month
>>Le biden Le boom
You mean adding an average of over half million a month
Shutting down the economy will obviously lead to growth once it begins to reopen. The question is whether the increased growth now offsets the 2 years of stagnation. If not then it's just Krugman-tier glass breaking.
Fuck off Jen go get hit by a bus or stray bullet
It likely will, due to multitrillion stimulus.
Ok if this economy is so strong then why do 10 year US T-bonds have real negative yields? Why are rates so low?
fudge inflation figures, garbage in garbage out
> GDP includes Federal, State and Local non-transfer payment government spending.
Gosh! Wonder why GDP went up?
If I had to make a guess "quantitative easing" and federal reserve purchases that have been ongoing for years are completely distorting the market so the number is meaningless on top of people fleeing foreign markets for American stability
What were you thinking though?
Doesnt look like anything awesome when you factor in corona in 2020, its just returned to normal trajectory