The U.S. economy grew at a 4.3% annual rate in the third quarter, President Donald Trump and his team wasted no time celebrating.Well, slow down, those dour economists replied. There’s something missing in this boom: the jobs. Hiring this year, at best, has stalled, and at worst has collapsed: unemployment has climbed to 4.6%, and even Fed Chair Jerome Powell has warned recent data may be overstating job gains. In a typical recovery, strong GDP growth shows up first in hiring, then in paychecks, and finally in consumer spending. But in this quarter, it’s reversed: spending is here without jobs. “I’ve never seen anything like it,” KPMG’s chief economist Diane Swonk told Fortune. “To have this stagflation in the inflation and unemployment rate, and to not have it in growth is highly unusual, and something’s got to give.”Real disposable income was essentially flat in the third quarter—literally 0% growth. Americans did not gain purchasing power. Yet, they made up the difference through savings drawdowns, credit, or by absorbing costs they cannot avoid. The GDP report itself points to where that pressure is concentrated: mostly in services, and within services, healthcare was a leading driver.Americans spent the most on healthcare last quarter since the Omicron wave of 2022, Swonk said. This was not a classic discretionary splurge, It was spending families had little ability to defer. That distinction matters, spending driven by necessity behaves very differently from spending driven by rising paychecks.The second part of the story is that this economy is no longer moving as a single system. It is splitting into a “K-shape,” and what looks like resilience at the top increasingly masks fragility underneath. “When you divorce growth from employment gains, you’ve got a problem,” Swonk said. “And this is before the real effects of AI have even set in.”https://fortune.com/2025/12/24/k-shaped-economy-2026-stagflation-diane-swonk/
>>1468867It will trickle down!
>>1468876Like piss off a hooker backside. Just keep lying in the mud with your mouth wide open, suckers.
Clearly the solution is billions more to Ukraine and more foreign aid for tranny muppets
>>1468882we know, russia shill, we know
I guess the Democrat pacs are making the Bangladesh village shills work on Christmas eve
>>1468882usa doesnt give money to ukraine, they give weapons which are produced.
>>1468887Muslims and Hindus don't celebrate Christmas. I feel bad for the Russian MAGA shills that have to work today and tomorrow, but i suppose its better than being sent to Ukraine.
>>1468882>trannyYou're trying too hard in denying that you subconsciouly love ladyboys, Ivan. But then:https://www.military.com/video/off-duty/odd/akward-moments-with-vladimir-putin/3129473236001Your leader loves boys, so no wonder his supporters are all deviants.
>>1468893If they haven't been sent to Ukraine yet then they're the privileged churka class and also don't celebrate Christmas.
>>1468896Orthodox Christmas is January 7th.
>>1468867That’s one terrible graph but it’s nice to see that all the brackets are in the same boat, pretty much…
The ultimate irony is that the Russian Orthodox Church originated in Ukraine.
>>1468887I'm actually a republican that voted for Trump 3 times. I'm concerned that he isn't aware that 99% of us are getting fucked while him and his rich buddies are living large. Thats the K shaped economy problem. And I do celebrate CHRISTmas but like most CHRISTIANS we do our family stuff the evening of CHRISTmas Eve and on CHRISTmas day. No kids so sadly none of that unwrapping presents in the morning thing. Too bad the Jews suppressed the white reproductive cycle in the name of shekels, shekels, shekels.
>>1468901fag
>>1468897Russia is primarily Muslim, Jewish, and Atheist.
>>1468901>isn't awareOh, if only the tsar knew!
>>1468889The fact that Republicans have crafted the lie to make it sound like we're buying new weapons and giving them away to Ukraine for free is increadble. Given the truth is we're giving them weapons that have been rotting in storage and it's cheaper in the long run since we no longer have to pay for storage or disposal. Either way, OP is more proof trickle down is a total failure and we're in the trump recession.
>>1468901>the Jews>CHRIST>born of a Nazarene Jewess>Bris, Bar Mitzvah'd, the works>referred to as 'Rabbi'>'INRI'Your J-boy is as much a Red Sea Pedestrian as Brian.>the white reproductive cycleDoes that include components by Shimano or SRAM ?
>>1468889>usa doesnt give money to ukrainehttps://www.youtube.com/watch?v=BMuUkbBiue8Merry christmas you lying faggot.
>>1468867>those dour economistsWhich ones?
>>1468922can you please fuck off back to your vodka soaked corner of the internet, shill. you've already completely blown your cover
>>1468925>vodka soaked>>1468922's brain cell is so pickled, he thinks this is some time between early 2021 and early 2025
>>1468924The ones with eyes and brains. Basically no one competent was fooled by the GDP numbers. Everyone knows its Trumps shills shilling and a bit of skyrocketing healthcare costs all mixed together into "Trumps Recession™"
>>1468930I love watching you do some mean girl shit. Makes me laugh every time. Very tranny-like.
>>1468919The fact he had to include he's a far right conservative and incel was pretty redundant.
>>1468935Kek worthy
>>1468867Here's reality: Most people have no economic value. You could have 80% of people live entirely through bartering, never touching a USD, and the economy would still look the same.That is because printing has become so absurd that the average value of every person in America can't compare to the amount printed to subsidize Government contracting and private banking. So people not having jobs isn't as big of a problem anymore, people not spending doesn't matter as much anymore. All that matters is how much they're willing to print because our money is now based entirely on deficit. We're currently printing $40 billion a month to make ends meet, $40 billion is more than most countries make on the planet, and that's just free money for everyone with a government contract. Currently, that's laser-focused in AI, but it will diversify at some point. tl;dr We're not in for a crash yet because all of this QE has to go somewhere. But we'll start seeing it unravel when 2026 is the corporate spending year with everyone else eating the costs through inflation
>>1468918>Either way, OP is more proof trickle down is a total failure and we're in the trump recession.Nobody will ever admit it until line goes down, and until line goes down: Nobody will take countermeasures to arrest or halt any future impacts a recession may have.It's going to get a lot, lot worse before anyone even admits there is a problem. We will have close to 30% unemployment before anyone admits that unemployment is on the rise due to the way they can hide all of it through QE.
>>1468882>let's blame the current state of the economy on some shit that accounts for literally less than 1% of government spendingWhy is this so common? The left does the same thing with Israel.
