Fed officials think the economy will grow faster than they anticipated!
Federal Reserve officials predict US GDP will expand at a 2.1% rate in 2024!
That's a sizable change from the 1.4% growth rate they predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
Fed officials think the economy will grow faster than they anticipated!
Federal Reserve officials predict US GDP will expand at a 2.1% rate in 2024!
That's a sizable change from the 1.4% growth rate they predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
"The US economy is performing better than any advanced nation around the world." Overall, Biden has presided over historic jobs record. In contrast, Trump has the worst jobs record of any president since the great depression.
US inflation is lower than in many countries in the world. China and Japan have lower inflation but US economy is still better. Inflation isn't everything. Jobs and economic growth are more important.
Quote Originally Posted by fubah2:
"The US economy is performing better than any advanced nation around the world." Overall, Biden has presided over historic jobs record. In contrast, Trump has the worst jobs record of any president since the great depression.
US inflation is lower than in many countries in the world. China and Japan have lower inflation but US economy is still better. Inflation isn't everything. Jobs and economic growth are more important.
The US economy’s standout performance will be a major driver of global growth this year, according to the International Monetary Fund.
The IMF upgraded Tuesday its forecast for US economic growth to 2.7% this year — 0.6 percentage points higher than it predicted as recently as January.
The move highlights how the United States [under the Joe Biden Democratic administration] is outpacing other advanced economies, notably the European economy, which has struggled to regain momentum after the pandemic.
HEADLINES today . . .
IMF raises growth forecast for US economy!
London CNN —
The US economy’s standout performance will be a major driver of global growth this year, according to the International Monetary Fund.
The IMF upgraded Tuesday its forecast for US economic growth to 2.7% this year — 0.6 percentage points higher than it predicted as recently as January.
The move highlights how the United States [under the Joe Biden Democratic administration] is outpacing other advanced economies, notably the European economy, which has struggled to regain momentum after the pandemic.
For those that are cheering the US "gRoWiNg" here are the numbers that are causing the US to "gRoW". Maxing out your credit cards is not healthily, even though you want to cheer that on. Increasing debts is not sustainable or great for the economy. It is in the short term for smoke and mirrors, like in times leading up to an election, but can you think about the long term? Probably not.
Total household debt rose by $212 billion to reach $17.5 trillion in the fourth quarter of 2023, according to the latest?Quarterly Report on Household Debt and Credit. Credit card balances increased by $50 billion to $1.13 trillion over the quarter, while mortgage balances rose by $112 billion to $12.25 trillion. Auto loan balances rose by $12 billion to $1.61 trillion, continuing an upward trajectory seen since 2011. Delinquency transition rates increased for all debt types except for student loans.
The United States' debt-to-GDP ratio at the close of fiscal year 2023 was 97 percent. While this figure is down slightly from 100 percent in 2020, a 74-year high, the nation's fiscal outlook is still on an unsustainable path. Debt held by the public is on track to exceed GDP in 2025 and climb to 116 percent in 2034.
In the third quarter of 2023, household debt in the United States amounted to over 75 percent of its GDP. It can be generally observed that U.S. households are more indebted by the end of the year than in any other quarter.
The target most commonly referenced is a 60% debt-to-GDP ratio. Despite the uncertainties surrounding the debt, there are a few things of which we can be sure: The rising debt reflects an imbalance between tax and spending policies.
The gov't spends too much. And fubduh, your small words about how the right might attack this, is correct because the US growing is actually going in excessive debts which is NOT healthy for the economy.
For those that are cheering the US "gRoWiNg" here are the numbers that are causing the US to "gRoW". Maxing out your credit cards is not healthily, even though you want to cheer that on. Increasing debts is not sustainable or great for the economy. It is in the short term for smoke and mirrors, like in times leading up to an election, but can you think about the long term? Probably not.
Total household debt rose by $212 billion to reach $17.5 trillion in the fourth quarter of 2023, according to the latest?Quarterly Report on Household Debt and Credit. Credit card balances increased by $50 billion to $1.13 trillion over the quarter, while mortgage balances rose by $112 billion to $12.25 trillion. Auto loan balances rose by $12 billion to $1.61 trillion, continuing an upward trajectory seen since 2011. Delinquency transition rates increased for all debt types except for student loans.
The United States' debt-to-GDP ratio at the close of fiscal year 2023 was 97 percent. While this figure is down slightly from 100 percent in 2020, a 74-year high, the nation's fiscal outlook is still on an unsustainable path. Debt held by the public is on track to exceed GDP in 2025 and climb to 116 percent in 2034.
In the third quarter of 2023, household debt in the United States amounted to over 75 percent of its GDP. It can be generally observed that U.S. households are more indebted by the end of the year than in any other quarter.
The target most commonly referenced is a 60% debt-to-GDP ratio. Despite the uncertainties surrounding the debt, there are a few things of which we can be sure: The rising debt reflects an imbalance between tax and spending policies.
The gov't spends too much. And fubduh, your small words about how the right might attack this, is correct because the US growing is actually going in excessive debts which is NOT healthy for the economy.
Fed officials think the economy will grow faster than they anticipated!
Federal Reserve officials predict US GDP will expand at a 2.1% rate in 2024!
That's a sizable change from the 1.4% growth rate they predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
yup just like u said in the last part good call
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
Fed officials think the economy will grow faster than they anticipated!
Federal Reserve officials predict US GDP will expand at a 2.1% rate in 2024!
That's a sizable change from the 1.4% growth rate they predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
that's because the left only sees growing, but doesn't actually understand why. The economy is growing, but so is the national debt, so is consumer debts. So the economy is growing, but it's unhealthy growing. It's like giving a baby too much sugar. The baby will grow, but overtime it becomes fat. You just can't see the fat building up early on. It's the same reason why you all got fooled with "free health care". You get easily tricked.
@KellyM_1964
that's because the left only sees growing, but doesn't actually understand why. The economy is growing, but so is the national debt, so is consumer debts. So the economy is growing, but it's unhealthy growing. It's like giving a baby too much sugar. The baby will grow, but overtime it becomes fat. You just can't see the fat building up early on. It's the same reason why you all got fooled with "free health care". You get easily tricked.
Honest question here, which I know you'll never respond to. You guys have probably 10 thousand comments in this forum, how many of those are of your own personal thoughts? Do you ever actually engage with posters about discussion, or do you just copy paste, copy re-paste to try to hide the last message? Honest question. You two post a lot in here, but I can not actually remember the last time one of your posts had 1 original thought or idea from yourselves. Do you not have anything better to do online, or do you ever try to have an actual discussion about your posts?
@KellyM_1964
@fubah2
Honest question here, which I know you'll never respond to. You guys have probably 10 thousand comments in this forum, how many of those are of your own personal thoughts? Do you ever actually engage with posters about discussion, or do you just copy paste, copy re-paste to try to hide the last message? Honest question. You two post a lot in here, but I can not actually remember the last time one of your posts had 1 original thought or idea from yourselves. Do you not have anything better to do online, or do you ever try to have an actual discussion about your posts?
Quote Originally Posted by fubah2: Fed officials think the economy will grow faster than they anticipated! Federal Reserve officials predict US GDPwill expand at a 2.1% rate in 2024! That's a sizable change from the 1.4% growth ratethey predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
yup just like u said in the last part good call
@KellyM_1964
Easy call, actually.
In the MAGA universe of 2024, "good news is BAD NEWS! "
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Fed officials think the economy will grow faster than they anticipated! Federal Reserve officials predict US GDPwill expand at a 2.1% rate in 2024! That's a sizable change from the 1.4% growth ratethey predicted in December!!
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well!
yup just like u said in the last part good call
@KellyM_1964
Easy call, actually.
In the MAGA universe of 2024, "good news is BAD NEWS! "
If the Biden economy is so good….then why the need to dissolve all the student loans? Shouldn’t all these people have jobs so they can pay back what they are responsible to pay back and not unload THEIR debt onto someone who is 85 years old and living on a fixed income?
The other thing…..is Biden dissolving the loans from people who went to a Tech school and learned a trade like welding, plumbing, or electrical?
This ought to be good!
If the Biden economy is so good….then why the need to dissolve all the student loans? Shouldn’t all these people have jobs so they can pay back what they are responsible to pay back and not unload THEIR debt onto someone who is 85 years old and living on a fixed income?
The other thing…..is Biden dissolving the loans from people who went to a Tech school and learned a trade like welding, plumbing, or electrical?
let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%!
Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Quote Originally Posted by chilitokid:
let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%!
Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Data from Bureau of Economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth.
Biden's economic record is still better even if pandemic impact is set aside.
If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation.
Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
@thirdperson
Very good points, and factual as I also understand them, although if you have a link handy for the Bureau data that would be nice
Quote Originally Posted by thirdperson:
Data from Bureau of Economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth.
Biden's economic record is still better even if pandemic impact is set aside.
If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation.
Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
@thirdperson
Very good points, and factual as I also understand them, although if you have a link handy for the Bureau data that would be nice
Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Biden inherited a mess caused by Mr. Science. Never forget where covid came from.
Quote Originally Posted by thirdperson:
Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Biden inherited a mess caused by Mr. Science. Never forget where covid came from.
Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Biden inherited a mess caused by Mr. inject bleach.
There fixed it for ya.
Quote Originally Posted by BigGame90:
Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Biden inherited a mess caused by Mr. inject bleach.
Quote Originally Posted by BigGame90: Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Biden inherited a mess caused by Mr. inject bleach.
There fixed it for ya.
Quote Originally Posted by Zeus4par:
Quote Originally Posted by BigGame90: Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Biden inherited a mess caused by Mr. inject bleach.
Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside.
@thirdperson
most r not aware of this
meanwhile after a dip last week its looking like all 3 majors will be up today in a rebound
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by thirdperson:
Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside.
@thirdperson
most r not aware of this
meanwhile after a dip last week its looking like all 3 majors will be up today in a rebound
Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. @thirdperson most r not aware of this meanwhile after a dip last week
its looking like all 3 majors will be up today in a rebound
@KellyM_1964
Certainly trending in that direction, albeit very small gains thus far if they hang on......we'll see at close if it could be starting another positive trend esp for my DOW and S & P
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. @thirdperson most r not aware of this meanwhile after a dip last week
its looking like all 3 majors will be up today in a rebound
@KellyM_1964
Certainly trending in that direction, albeit very small gains thus far if they hang on......we'll see at close if it could be starting another positive trend esp for my DOW and S & P
Quote Originally Posted by KellyM_1964: Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. @thirdperson most r not aware of this meanwhile after a dip last week its looking like all 3 majors will be up today in a rebound @KellyM_1964 Certainly trending in that direction, albeit very small gains thus far if they hang on......we'll see at close if it could be starting another positive trend esp for my DOW and S & P
they all closed UP !!
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. @thirdperson most r not aware of this meanwhile after a dip last week its looking like all 3 majors will be up today in a rebound @KellyM_1964 Certainly trending in that direction, albeit very small gains thus far if they hang on......we'll see at close if it could be starting another positive trend esp for my DOW and S & P
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. @thirdperson most r not aware of this meanwhile after a dip last week its looking like all 3 majors will be up today in a rebound @KellyM_1964 Certainly trending in that direction, albeit very small gains thus far if they hang on......we'll see at close if it could be starting another positive trend esp for my DOW and S & P they all closed UP !!
@KellyM_1964
Yeah, saw that, and I suspect there's some optimism for the coming reports due out this week.
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by thirdperson: Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. @thirdperson most r not aware of this meanwhile after a dip last week its looking like all 3 majors will be up today in a rebound @KellyM_1964 Certainly trending in that direction, albeit very small gains thus far if they hang on......we'll see at close if it could be starting another positive trend esp for my DOW and S & P they all closed UP !!
@KellyM_1964
Yeah, saw that, and I suspect there's some optimism for the coming reports due out this week.
*Note: because this is potentially good news for our economy and Americans, expect that one party will try and cast doubts/rhetoric/vitriol along with their usual negativity about the news ALL OVER SOCIAL MEDIA and possibly MSM as well! 
" 
We've come a long way since the republicans fled the White House leaving behind a disaster for the Democrats to clean up
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