So I guess we aren’t in a recession. Pretty much the opposite actually. Especially if you ignore the brokies the economy has basically never been better
>>61531284Yeah goy, everything is wonderful!
>>61531284the data is all fake but who cares. FULL STEAM AHEAD
>>61531284and the greatest joke is that TDS was so large wallstreet not only sold but shorted the bottom in aprilwhat a glorious time to be alive
>>61531284
>>61531347It’s not fake however it does not factor in the goverment shotdown, GDP is in large part goverment spending
>>61531284>>61531291>>61531347>>61531383>>61531491>>61531494They're lying about inflation and instead reporting it as GDP growth. Biden did the same thing and now Trump is doubling down on the fake economic data. You will own nothing and you will be happy.
>>61531511that is how gdp is calculated, inflation is gdp growththis calculation is then how valuations of stocks is made and regular stocks being good then sets speculative values to high risk assetsthats the way the game workspeasants who can barely afford groceries dont matter in this equationif you think all of this is 'le bad' go and look at the eu which doesnt print and is stagnating to utterly industrial collapse right now
Our GDP has been running on massive deficits since Covid. Notice how in 2022 when we actually cut our deficit in half we immediately went into a recession which the media said didn't count The economy is now reliant on us getting deeper into debt to sustain the current model. Basically robbing Peter to pay Paul
>>61531527>that is how gdp is calculated, inflation is gdp growthNot it's not you dishonest faggot. Real GDP growth is adjusted for inflation. You can have positive nominal GDP growth but negative real GDP growth if there is high inflation. If you underreport inflation then it makes GDP look higher than it really is.
>>61531568intellectually you are indeed correcthowever it is a pointless academic distictionwe care about reported gdp numbers, not because of it reflecting an underlying truth like say a physical constant, but instead because the fake reported number is directly correlated to wider gains across many classes of assetsbut by all means keep seething about pointless shit and see how many gains it will net you
>>61531635Have fun in the midterms, retard.
>>61531684>dragging pointless politics in ityou arent even a trader are you?might i recommend you go to reddit, you will like it there better and receive many upboats
I unironically feel like America is poised for a golden age, but I feel exploited by older people, and will never get back the lost years, and they're going to get away with it.
>>61531284This was largely due to EV sales as tax credits expired on the 30th September the data was also back estimated as the government was shut down for much of this period so you should take it with a large grain of salt considering all data that has been impacted by the shut down has been entirely the opposite of what it was before the shut down
> we took all the taxes you gave us and gave them to billionaires who've never been richer, so they can build data centers to surveil you with > then we cut taxes for them and raised them for you > also we're going to replace them in a few years
>>61531568>real GDP growth is adJUSTed for inflationYeah, real growth is. We've been commingling inflation and real growth ever since fiat USD and now we're fully into the money printer hyperinflation loop = growth phaseGet into assets, idgaf which ones. If its issued by a bank or gov, or anything closely affiliated, stay away
>>61531284Unemployed and doomers BTFO. Now that our economy can run without them, it’s time to euthanize them
>>61531715Keep projecting, shillbot.
>>61531284If you aren't part of the top 10% in 2025, you're lower class
>>61531868okay now back out plywood box equity.
>>61531868Does that count households? Like, a family of 4 should have $4M to count in the 10%? Does this count the primary residence?
>>61531879these stats always cope by including plywood box equity which is imaginary illiquid fake money with a 5 figure annual holding cost.
why is third quarter data being released at the end of the year
gdp is worthless
>>61531511>everything is fake and gaySo it seems So it seems
>>61531284Does nobody else find it funny how trump's cultists have turned into warmongering indian worshipping inflation denialist GDP worshippers in less than a week because der orange told them to? You will literally never meet a less principled group of "people".
>>61531284If you are curious, it's because business GDP is up 2000%, yeah you read that rightSomeone can post that "you give me $100 and I give it back and we have $200 GDP". it's never been more accurate
>>61531284GDP couldn't even beat inflation. Sad!
>>61532055I think "trump's cultists" are a social media illusion puppeted to manufacture consent. certainly there are magatards but they are few in number
