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  • Q3 GDP growth near 5%

    From mINE109@21:1/5 to All on Fri Oct 27 09:30:50 2023
    https://fred.stlouisfed.org/series/A191RL1Q225SBEA#0

    Thanks, Joe!

    We'll see if this comes at the cost of higher unemployment, increasing
    economic inequality or rising inflation.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Fri Oct 27 10:22:11 2023
    On Friday, October 27, 2023 at 7:30:53 AM UTC-7, mINE109 wrote:
    https://fred.stlouisfed.org/series/A191RL1Q225SBEA#0

    Thanks, Joe!

    We'll see if this comes at the cost of higher unemployment,

    mass migration has that one

    increasing
    economic inequality

    Oh the horror....can't have greater economic output that isn't "equitable".

    or rising inflation.

    Bingo....Stephen's usual 1 outta 3.
    Wanna bet rising fossil fuel energy value is the main reason?

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Fascist Flea@21:1/5 to All on Fri Oct 27 10:54:15 2023
    Hee-HAW!

    increasing economic inequality

    Oh the horror....can't have greater economic output that isn't "equitable".

    https://tinyurl.com/3pdmbrj2

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From MINe109@21:1/5 to ScottW on Fri Oct 27 11:39:04 2023
    On Friday, October 27, 2023 at 12:22:12 PM UTC-5, ScottW wrote:
    On Friday, October 27, 2023 at 7:30:53 AM UTC-7, mINE109 wrote:
    https://fred.stlouisfed.org/series/A191RL1Q225SBEA#0

    Thanks, Joe!

    We'll see if this comes at the cost of higher unemployment,

    mass migration has that one

    Not seeing the distinction.

    increasing economic inequality

    Oh the horror....can't have greater economic output that isn't "equitable".

    It's better not to. Even Reagan pretended wealth should trickle down.

    or rising inflation.

    Bingo....Stephen's usual 1 outta 3.

    Just asking questions. Not a prediction or a bet.

    Wanna bet rising fossil fuel energy value is the main reason?

    Okay!...

    https://fred.stlouisfed.org/release/tables?rid=53&eid=13218#snid=13219

    Nondurable goods leads the way which would include gasoline. However:

    https://www.bea.gov/news/2023/gross-domestic-product-third-quarter-2023-advance-estimate

    "The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, state and local government spending, federal government spending, and residential fixed investment that were partly offset by a decrease in
    nonresidential fixed investment (table 2). Imports, which are a subtraction in the calculation of GDP, increased.

    "The increase in consumer spending reflected increases in both services and goods. Within services, the leading contributors were housing and utilities, health care, financial services and insurance, and food services and accommodations. Within goods,
    the leading contributors to the increase were other nondurable goods (led by prescription drugs) as well as recreational goods and vehicles. The increase in private inventory investment reflected increases in manufacturing and retail trade. Within
    nonresidential fixed investment, a decrease in equipment was partly offset by increases in intellectual property products and structures."

    Increased consumer spending and manufacturing? Thanks, Joe!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From MINe109@21:1/5 to All on Sat Oct 28 10:58:50 2023
    On Friday, October 27, 2023 at 1:39:06 PM UTC-5, MINe109 wrote:
    On Friday, October 27, 2023 at 12:22:12 PM UTC-5, ScottW wrote:
    On Friday, October 27, 2023 at 7:30:53 AM UTC-7, mINE109 wrote:
    https://fred.stlouisfed.org/series/A191RL1Q225SBEA#0

    Thanks, Joe!

    We'll see if this comes at the cost of higher unemployment,

    mass migration has that one
    Not seeing the distinction.
    increasing economic inequality

    Oh the horror....can't have greater economic output that isn't "equitable".
    It's better not to. Even Reagan pretended wealth should trickle down.
    or rising inflation.

    Bingo....Stephen's usual 1 outta 3.
    Just asking questions. Not a prediction or a bet.
    Wanna bet rising fossil fuel energy value is the main reason?
    Okay!...

    https://fred.stlouisfed.org/release/tables?rid=53&eid=13218#snid=13219

    Nondurable goods leads the way which would include gasoline. However:

    https://www.bea.gov/news/2023/gross-domestic-product-third-quarter-2023-advance-estimate

    "The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, state and local government spending, federal government spending, and residential fixed investment that were partly offset by a decrease in
    nonresidential fixed investment (table 2). Imports, which are a subtraction in the calculation of GDP, increased.

    "The increase in consumer spending reflected increases in both services and goods. Within services, the leading contributors were housing and utilities, health care, financial services and insurance, and food services and accommodations. Within goods,
    the leading contributors to the increase were other nondurable goods (led by prescription drugs) as well as recreational goods and vehicles. The increase in private inventory investment reflected increases in manufacturing and retail trade. Within
    nonresidential fixed investment, a decrease in equipment was partly offset by increases in intellectual property products and structures."

    Increased consumer spending and manufacturing? Thanks, Joe!

    https://www.federalreserve.gov/publications/files/scf23.pdf

    "U.S. families experienced increases in median and mean inflation-adjusted income, measured for the year before the survey (figure 1). Median income rose a relatively modest 3 percent, from $67,900 in 2018 to $70,300 in 2021. Mean income increased 15
    percent—one of the largest three-year changes in mean income over the history of the modern SCF— from $123,400 in 2018 to $141,900 in 2021 (table 1). Gains in income were experienced across the income distribution but were largest toward the top,
    consistent with some increase in income inequality over this period."

    Covers the years 2018-2021 but you go with the every-three-year survey you have. Other points: debt-to-income ratios are falling, inequality is down. Wealth is increasing despite the lower value of bonds.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)