Rebel Capitalist
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Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro
What % of the 2.9 was government spending?
Is the GDP number more or less reliable than the vaccine test data they tried to sequester for 70 years?
I prefer George's version of the financial news.
Don't you realize the market is rigged?
The narrative doesn't matter – which is why it constantly contradicts itself: what was GOOD for the market only a few weeks ago is now BAD – and vice versa.
There is no method to this madness: the only thing that matters is the pre-determined FED policy – the narrative is just window-dressing to confuse us.
In the end, without insider information, if you're in the stock market, you're just gambling: when they're ready to pull the plug and steal the pensions of the Babybommers, they'll do just that.
You’re good, I just subscribed 😊
Does the profit from swap lines count toward GDP? Maybe that explains a bit of it.
Can you name a politician that you can trust George. Maybe Rand Paul ?
When has Trump done anything remotely close to "fudging the numbers"?
Guys you are great duo
Maybe if the ten year and the Fed Funds rate inverts, they may relent ?
⚗🧪🧫🛡😹
To Jake in the Livestream, social security payments are required by law to keep up with CPI. No such law pertains to federal salaries.
No
I like how they say they are going to pay off student debt. If they actually had to have the money to do that, it wouldn’t even be a discussion. Must be nice just to print money.
Your laugh, "Ergh-erghhh",
always 'connects the dots'. 😆👍
Btw: Waiting for you to pick this GDP number apart. Considering every frickin' single other data-point, and all the anecdotals, in the economy this is highly suspicious. Also, I bet every other poster on here is also going "Nahhhhh."
Maybe there's some clear explanation under the hood that would detail why in real or in reality terms it's actually negative too. Methinks so.
And, conveniently, right before the midterms !!!
Only 99% ?
Inflation cpi goes up and they call it export growth ..I call bullshit..corn goes up in price..export growth
ZUCKERFUCK – "GONE" ! ! ! YouTube – censors / auditors , – "Your Next" ! ! !
As expected.
GDP spiked bc of all the government spending in ukraine ! 🤣😂 people biden and yellen r maliciously misleading you and your vote ! 😂🤣
im pretty sure it was supposed to be -2.6 , they just took out the – sign
The market’s are fake .what we are looking at is the total collapse of the system.Putin is correct.
just saw report from local tv station this morning and it drives me insane because i have to endure the reality that fed won’t pivot soon
Reasons to be cheerful 1 2 3
Cheerleaders gotta have something to cheer.
Lets get this straight 95% of all top politicians are "F ing" scum of the lowest level. Their numbers are bullshit!
GDP up probably from export weapon to Ukrain
The national delivery service I work for that has been in the news for poor earnings and recently bragged about "cost savings" measures offered the contractor I work for less money on the upcoming year's contract, so my hourly wage has been cut 16.6%. So they are saving money by paying me and other delivery people less. As you can imagine, I'm exploring my options for other employment, so I don't get swallowed up by inflation. I definitely won't be buying anything extra now, and even will be spending way less money on Christmas presents for my family. The recession is definitely here for me. Next year could get rough.
Rather than a picture of Jeff, can you get a Rome life size sculpture of him
George, I would not be surprised if a fudged GDP occurred before mid term elections. It is possible that it is a setup. Once Republicans gain control, GDP tanks, giving the Democrats a talking point going into 2024 presidential election on how the Republicans ruined the economy.
Exactly according to ,, Covid 19. The Great Reset,, book by Klaus Schwab
The Biden administration is just this inept, they are lying about GDP thinking it will help them in the midterms, not understanding the FED will hike more because of it. Later when the numbers are adjusted it wont be news. The middle class will pay for this maneuver even more than normal.
Wow, great improvement! You would think there was a countrywide election coming up! 😂
The GDP is a lie
How much of the GDP is government spending?
Bet ya that GDP number gets revised down following the midterms….any takers?
GDP will be revised… But which way? Hehehe! In 2008 the unemployment numbers would come out and then be revised lower the next month.
>Trump would lie too
Except he didn't. Cut the "I'm in the middle" BS. The Left thinks they are in the majority because they HAD tens of thousands of bots whispering in their ears for years driving them insane. Until today.. Anyone who is in the middle of THAT and normal people is still just a lunatic.
I think this is what's happening. Recall the scene in Glenngarry: "These are the three year bonds….that will pay your more than a 10 year bond….., are you in?" I think they're going to crash the bond market and are trying to getting everyone possible on board before they sink the ship.
One thing I've learned, stock market is not correlated to the reality of the actual economy. Does serve as a liquidity reservoir for the fed and a what do you call it…a tool? for supporting media narratives.
I believe ‘the range of the 10’ is a textual pointer to the blue area on the chart, not a predictive trendline
To answer your question about what the change was that caused the growth. My bet is on the plunge protection team or the financial stability board…