Current Events > The economy grew by 4.9% last quarter

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Intro2Logic
10/26/23 12:45:33 PM
#1:


https://www.pbs.org/newshour/economy/u-s-economy-grows-4-9-percent-shrugging-off-interest-rates-and-defying-recession-forecasts

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Bestoffuture
10/26/23 12:46:26 PM
#2:


Nice

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Squall28
10/26/23 12:48:29 PM
#3:


The economy post covid doesn't make a lick of sense.


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Were_Wyrm
10/26/23 12:49:45 PM
#4:


Here's why this is bad and it's 100% Biden and the Democrats fault!

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Xenogears15
10/26/23 12:50:12 PM
#5:


That's a lot. I'm worried about what Powell will do in response to this.

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Jagr_68
10/26/23 12:50:21 PM
#6:


but laptop

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wanderingshade
10/26/23 12:53:47 PM
#7:


So why did everything go up in price and stay there?

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1337toothbrush
10/26/23 12:55:39 PM
#8:


wanderingshade posted...
So why did everything go up in price and stay there?
That's how the economy grew by that much.

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#9
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boomgetchopped3
10/26/23 12:58:41 PM
#10:


Hooray. They managed to charge us all more for shit and get away with it
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Torgo
10/26/23 12:58:53 PM
#11:


You forgot the full headline:

The economy grew by 4.9% last quarter ...could this be bad news for Democrats?


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No_U_L7
10/26/23 12:59:12 PM
#12:


Thanks Taylor swift

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C_Pain
10/26/23 12:59:57 PM
#13:


Thanks Biden

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How quaint.
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Unknown5uspect
10/26/23 1:00:09 PM
#14:


[LFAQs-redacted-quote]

We'll never have anything resembling adorable housing again. The last good time to buy is over. High interest rates and renting are the future nobody asked for.

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Red_XIV
10/26/23 1:01:13 PM
#15:


And yet, somehow Republicans have managed to gaslight a majority of the country into thinking a booming economy is terrible.

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ScazarMeltex
10/26/23 1:05:22 PM
#16:


Biden's economy.

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ChocoboMogALT
10/26/23 1:08:29 PM
#17:


Most inflation indexes are down except for, housing, and cars

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lilORANG
10/26/23 1:09:08 PM
#18:


Yet enzc remains under a nickel

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ironman2009
10/26/23 1:09:31 PM
#19:


lilORANG posted...
Yet enzc remains under a nickel

Yeah it's a shit penny stock who would have guessed

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THRILLHO
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masterpug53
10/26/23 1:10:37 PM
#20:


CNN: "And here's a headline article on why that will actually hurt you."

(I know I already got ninja'd on this, I just wanted to single out CNN specifically)

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ScazarMeltex
10/26/23 1:11:00 PM
#21:


Red_XIV posted...
And yet, somehow Republicans have managed to gaslight a majority of the country into thinking a booming economy is terrible.
In fairness the supposedly liberal mainstream media is absolutely complicit in helping sell that narrative.

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emblem-man
10/26/23 1:11:34 PM
#22:


Red_XIV posted...
And yet, somehow Republicans have managed to gaslight a majority of the country into thinking a booming economy is terrible.

To be fair, online leftists have done the same to create a doomer narrative

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Humble_Novice
10/26/23 1:12:52 PM
#23:


FOX News about to be canceled even more by the far right: https://twitter.com/PopularLiberal/status/1717566395389501783

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ironman2009
10/26/23 1:14:46 PM
#24:


Jerome Powell punching air

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THRILLHO
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Starks
10/26/23 1:20:31 PM
#25:


Humble_Novice posted...
FOX News about to be canceled even more by the far right: https://twitter.com/PopularLiberal/status/1717566395389501783
Fox doesn't even report it on their website

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LoveLikeJazz
10/26/23 1:20:37 PM
#26:


Humble_Novice posted...
FOX News about to be canceled even more by the far right: https://twitter.com/PopularLiberal/status/1717566395389501783
Bulletin: Pork wings the new trendy dish this holiday season!

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1337toothbrush
10/26/23 1:21:21 PM
#27:


Unknown5uspect posted...
We'll never have anything resembling adorable housing again. The last good time to buy is over. High interest rates and renting are the future nobody asked for.
This is the kind of thing that people say right before a collapse.

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Bestoffuture
10/26/23 1:21:38 PM
#28:


Smh, Biden is only improving the economy because of the election next year

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bigblu89
10/26/23 1:26:27 PM
#29:


Unknown5uspect posted...
We'll never have anything resembling adorable housing again. The last good time to buy is over. High interest rates and renting are the future nobody asked for.
I just want to point out that my house is very adorable.


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SocialistGamer
10/26/23 1:26:50 PM
#30:


wanderingshade posted...
So why did everything go up in price and stay there?
Greed

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Zeeak4444
10/26/23 1:30:07 PM
#31:


1337toothbrush posted...
This is the kind of thing that people say right before a collapse.

its actually not, in any way.

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#32
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littlebro07
10/26/23 1:36:48 PM
#33:


Can we get some lower mortgage rates now plz

Want to upgrade to a bigger house in the next year or two but if rates are still double what our current one is I guess well just die here lol

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Forty_Niners
10/26/23 2:08:43 PM
#34:


If the majority of people only vote based on the economy, then biden should be a shoe in for 2024.

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emblem-man
10/26/23 2:13:56 PM
#35:


Forty_Niners posted...
If the majority of people only vote based on the economy, then biden should be a shoe in for 2024.

Considering the poor economic literacy of many people...I'm scared

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1337toothbrush
10/26/23 2:33:36 PM
#36:


Zeeak4444 posted...
its actually not, in any way.
Yes it is. People thought the stock market would "just keep going up" before the 1929 crash. They also thought mortgages were ironclad before the 2008 mortgage crisis.

emblem-man posted...
Considering the poor economic literacy of many people...I'm scared
It doesn't take economic literacy for people to see their budgets stretched between high rents and high prices of goods like groceries.

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Unknown5uspect
10/26/23 2:35:00 PM
#37:


1337toothbrush posted...
This is the kind of thing that people say right before a collapse.
I really really want to be proven wrong.

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mustachedmystic
10/26/23 2:59:41 PM
#38:


1337toothbrush posted...
Yes it is. People thought the stock market would "just keep going up" before the 1929 crash.

People said the same exact thing leading up to the collapse of the tech bubble.


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JuanCarlos1
10/26/23 3:06:16 PM
#39:


Credit card use is also rising. Bet theres a bit of a correlation there

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TyVulpine
10/26/23 3:07:21 PM
#40:


wanderingshade posted...
So why did everything go up in price and stay there?
Greedy corporate executives.

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Justin2Krelian
10/26/23 9:03:15 PM
#41:


Wall Street Journal:
U.S. Economy Grew a Strong 4.9%, Driven by Consumer Spree That May Not Last

Fortune:
Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious

Already starting


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bfslick50
10/26/23 9:10:30 PM
#42:


This will be underreported by the liberal media

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Forty_Niners
10/26/23 9:13:00 PM
#43:


We've been hearing about a collapse since 2012. It's 2023 and we're still hearing about it.

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creativerealms
10/26/23 9:15:07 PM
#44:


wanderingshade posted...
So why did everything go up in price and stay there?
Corporate greed. Why would companies lower their prices when people are paying the higher prices?

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Justin2Krelian
10/26/23 11:34:58 PM
#45:


Forty_Niners posted...
We've been hearing about a collapse since 2012. It's 2023 and we're still hearing about it.

2020 kinda reset it, anyway

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vycebrand2
10/26/23 11:37:59 PM
#46:


[LFAQs-redacted-quote]

Give it time. Everything will crash again.

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Red_XIV
10/27/23 9:36:43 AM
#47:


bfslick50 posted...
This will be underreported by the liberal media
Didn't even get mentioned on NBC last night.

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apocalyptic_4
10/27/23 9:42:34 AM
#48:


Forty_Niners posted...
We've been hearing about a collapse since 2012. It's 2023 and we're still hearing about it.

The yield curve which had predicted the last couple of recessions and stock market crashes is currently inverted beyond any past inversion since the great depression in the 1920's.

When it un inverts which usually happens 7 to 11 months after intrest rates pause everything collapses. Mark this post for this time next year.

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R_Jackal
10/27/23 9:45:48 AM
#49:


Squall28 posted...
The economy post covid doesn't make a lick of sense.
It's because companies figured out during COVID that people have no self control and will just continue to buy and spend even if they're broke as hell, so there's no reason to hold back on profiteering.
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DanHaren4Ringz
10/27/23 9:46:16 AM
#50:


CPI actually increased slightly. Inflation basically makes you poor without you realizing you're poor.

While the numbers look good, the story behind the surface does not match.
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