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Post by ferris1248 on Jul 25, 2024 10:14:25 GMT -5
"The US economy grew at a faster than expected pace in the second quarter." "The Bureau of Economic Analysis's advance estimate of second quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, well above the 2% growth expected by economists surveyed by Bloomberg. The reading came in higher than first quarter GDP, which was revised down to 1.4%." “We think [the second quarter] will end up being the best quarter for the economy this year,” Nationwide financial markets economist Oren Klachkin wrote of this morning’s Q2 GDP report. “We should receive cooler GDP reports from here on out as consumers tighten their purse strings and businesses become more reticent to invest and hire.” "The data's release comes as investors try to gauge when the Federal Reserve will start cutting interest rates and if the central bank can achieve a soft landing, where inflation comes down to its 2% target without a significant economic downturn." "Entering Thursday, markets had priced in a 100% chance the Fed would cut rates by the end of its September meeting." "The data today will reinforce the notion that the Fed has the benefit of time," Renaissance Macro head of economic research Neil Dutta wrote in a note following Thursday's release. "In the Fed’s mind, there is no need to rush with private domestic demand growing at a solid pace over the second quarter. July remains a set up meeting for September." finance.yahoo.com/news/gdp-us-economy-grows-at-faster-than-expected-pace-in-second-quarter-as-inflation-eases-123158542.html
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Post by garycoleco on Jul 25, 2024 10:30:49 GMT -5
Election year numbers. They're all cooked.
A customer owns an eviction service. He has 3 crews and averages 320 evictions per week. He's been turning those numbers since spring '23. He would take on more but can't find the employees
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Post by ferris1248 on Jul 25, 2024 10:39:30 GMT -5
BS
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Post by garycoleco on Jul 25, 2024 10:46:40 GMT -5
You say bullshit a lot. Do you understand the meaning?
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Post by meateater on Jul 25, 2024 11:35:42 GMT -5
i dont go by much the media says, 4 kids all working , few friends most working and there kids, couple ballers like myself. just about everyone i know says prices for stuff are still very high, gas still high and times are tight nothing has changed. credit card debt is the highest in the history of the world. so upper middle class and ballers are just fine everyone else feels the effects of this shitty economy. job reports and gdps dont mean shit to most people. posting fairy tales and empty promises is not gonna get anyone to change there mind on who to vote for.
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Post by biminitwisted on Jul 25, 2024 12:01:53 GMT -5
i dont go by much the media says, 4 kids all working , few friends most working and there kids, couple ballers like myself. just about everyone i know says prices for stuff are still very high, gas still high and times are tight nothing has changed. credit card debt is the highest in the history of the world. so upper middle class and ballers are just fine everyone else feels the effects of this shitty economy. job reports and gdps dont mean shit to most people. posting fairy tales and empty promises is not gonna get anyone to change there mind on who to vote for. But if FF45 were to be reelected all that would be different, and the number would be magically considered legit on January 22nd, right?
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Post by Deleted on Jul 25, 2024 12:17:29 GMT -5
People are spending money. They ain't getting shit for it ,but they are spending.
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Post by meateater on Jul 25, 2024 12:55:13 GMT -5
i dont go by much the media says, 4 kids all working , few friends most working and there kids, couple ballers like myself. just about everyone i know says prices for stuff are still very high, gas still high and times are tight nothing has changed. credit card debt is the highest in the history of the world. so upper middle class and ballers are just fine everyone else feels the effects of this shitty economy. job reports and gdps dont mean shit to most people. posting fairy tales and empty promises is not gonna get anyone to change there mind on who to vote for. But if FF45 were to be reelected all that would be different, and the number would be magically considered legit on January 22nd, right? nope. if nothing changes or gets worse jd is history in 4 years.
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Post by biminitwisted on Jul 25, 2024 12:56:50 GMT -5
But if FF45 were to be reelected all that would be different, and the number would be magically considered legit on January 22nd, right? nope. if nothing changes or gets worse jd is history in 4 years. Is that after Kamala's eighth year?
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Post by tampaspicer on Jul 25, 2024 13:02:23 GMT -5
nope. if nothing changes or gets worse jd is history in 4 years. Is that after Kamala's eighth year? Oh boy here we go. Let the arguments commence. LOL
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Post by garycoleco on Jul 25, 2024 13:13:05 GMT -5
The Bureau of Economic Analysis..... The name itself is a fucking joke. Whoever works there is stealing a paycheck
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Post by ferris1248 on Jul 25, 2024 13:14:17 GMT -5
BS
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Post by meateater on Jul 25, 2024 13:16:55 GMT -5
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Post by ferris1248 on Jul 25, 2024 13:23:17 GMT -5
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Post by nuevowavo on Jul 25, 2024 13:24:44 GMT -5
Election year numbers. They're all cooked. A customer owns an eviction service. He has 3 crews and averages 320 evictions per week. He's been turning those numbers since spring '23. He would take on more but can't find the employees
So if they work 7 days they're doing over 45 evictions per day? 15 evictions per crew? Doubtful.
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Post by meateater on Jul 25, 2024 13:27:18 GMT -5
Election year numbers. They're all cooked. A customer owns an eviction service. He has 3 crews and averages 320 evictions per week. He's been turning those numbers since spring '23. He would take on more but can't find the employees
So if they work 7 days they're doing over 45 evictions per day? 15 evictions per crew? Doubtful.
not if the workers are mexicans.
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Post by ferris1248 on Jul 25, 2024 13:27:27 GMT -5
Election year numbers. They're all cooked. A customer owns an eviction service. He has 3 crews and averages 320 evictions per week. He's been turning those numbers since spring '23. He would take on more but can't find the employees
So if they work 7 days they're doing over 45 evictions per day? 15 evictions per crew? Doubtful.
I wonder if they are paid overtime? Or maybe they're illegal immigrants.
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Post by luapnor on Jul 25, 2024 13:32:52 GMT -5
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Post by cyclist on Jul 25, 2024 13:34:01 GMT -5
Work hard play hard....going to Croatia (Istria, Zagrab, Plitzvick), Slovenia (Triglov, Lake Bled) and Trieste (Italy). Making too much money, gotta spend some!
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Post by ferris1248 on Jul 25, 2024 13:38:58 GMT -5
Go for it. Enjoy yourselves.
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Post by meateater on Jul 25, 2024 13:40:02 GMT -5
Work hard play hard....going to Croatia (Istria, Zagrab, Plitzvick), Slovenia (Triglov, Lake Bled) and Trieste (Italy). Making too much money, gotta spend some! bring me back some potica. your gonna love slovenia.
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Post by ferris1248 on Jul 25, 2024 13:42:22 GMT -5
meh.........The covid money is gone and folks aren't buying appliances and other items with a long lifespan.
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Post by nuevowavo on Jul 25, 2024 13:43:08 GMT -5
Whats your point? That Boeing orders dried up after a piece of a plane popped off in midair? Whole lotta green lines to the left.
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Post by ferris1248 on Jul 25, 2024 13:44:52 GMT -5
Y'all excuse me. I gotta go sell a truck.
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Post by Deleted on Jul 25, 2024 14:56:08 GMT -5
Work hard play hard....going to Croatia (Istria, Zagrab, Plitzvick), Slovenia (Triglov, Lake Bled) and Trieste (Italy). Making too much money, gotta spend some! Looks like a lot of carbon footprint there.
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Post by garycoleco on Jul 25, 2024 18:06:04 GMT -5
Election year numbers. They're all cooked. A customer owns an eviction service. He has 3 crews and averages 320 evictions per week. He's been turning those numbers since spring '23. He would take on more but can't find the employees
So if they work 7 days they're doing over 45 evictions per day? 15 evictions per crew? Doubtful.
Not sure he would lie. There's nothing to gain and I've known him for 20 years...
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Post by johnnybandit on Jul 25, 2024 19:14:32 GMT -5
LMAO Durables have always been volatile...... Investors know this.... But the graph you showed.... Proves that In the last year of Trump.... Durable goods were a bad bet..... And investors ran tom it..... But yet... Under Biden Durables were not only stable... But consistently profitable..... Proves you do not know shit about the graph you posted...
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Post by Deleted on Jul 25, 2024 19:22:08 GMT -5
LMAO Durables have always been volatile...... Investors know this.... But the graph you showed.... Proves that In the last year of Trump.... Durable goods were a bad bet..... And investors ran tom it..... But yet... Under Biden Durables were not only stable... But consistently profitable..... Proves you do not know shit about the graph you posted... It's kinda pretty. Adds a little pizazz to the screen.
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Post by cadman on Jul 25, 2024 19:44:04 GMT -5
Whats your point? That Boeing orders dried up after a piece of a plane popped off in midair? Whole lotta green lines to the left.
Give that man the cigar! We have the answer! Commercial aircraft orders pull down orders
The numbers: Orders for durable goods fell 6.6% in June, the Commerce Department said Thursday. It is the sharpest drop since the pandemic. Economists had forecast a 0.3% rise in orders for durable goods in June - products made to last at least three years. It is the first decline in durable goods after four straight gains and was driven by a 20.5% drop in transportation orders. Nondefense orders plummeted 127%. Key details: There were signs of strength under the surface. Excluding the volatile transportation sector, orders were up 0.5%. Core capital goods orders, which exclude volatile sectors like transportation and defense, rose 1% last month after a 0.9% fall in May. And shipments of core capex orders up 0.1% in June. www.morningstar.com/news/marketwatch/20240725277/durable-goods-orders-plummeted-in-june-but-one-sector-was-largely-to-blame
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Post by johngalt on Jul 26, 2024 9:07:21 GMT -5
i dont go by much the media says, 4 kids all working , few friends most working and there kids, couple ballers like myself. just about everyone i know says prices for stuff are still very high, gas still high and times are tight nothing has changed. credit card debt is the highest in the history of the world. so upper middle class and ballers are just fine everyone else feels the effects of this shitty economy. job reports and gdps dont mean shit to most people. posting fairy tales and empty promises is not gonna get anyone to change there mind on who to vote for. But if FF45 were to be reelected all that would be different, and the number would be magically considered legit on January 22nd, right? Only a fool would believe that. The damage that has been done to our economy starting with the covid hoax and with the trillions of dollars spent is going to take years to fix, if can ever be fixed. At least we can start with people in government that understands money doesn’t grow on trees and that massive cut backs and layoffs in government are badly needed.
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