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.
>>1468957Nobody wants to admit that GDP is a lie propped up with government spending. People want to pretend that everything would be just fine if this *one* thing changes, or this *one* thing were cut. Because otherwise, they have to admit that the actual problem is the system has been fundamentally broken. And there is no fixing it in a way that brings it back to its intended functionality. It worked at one time, so much of it has been sold off and repurposed that it barely resembles the machine it was built from.
>trannyBut enough about 1468935's sexual obsessions or he would never mention them.
>>1468957Its odd that the gap between wealthy and poor grows considerably a few months after Trump starts his 2nd term. Sure looks like his tariffs punishing the little guy
>>1468987>Its odd that the gap between wealthy and poor grows considerably a few months after Trump starts his 2nd term. Sure looks like his tariffs punishing the little guyIt really isn't, this happens in every new election: The new person comes in and all of the companies who backed him see a massive surge of investment as people expect the new admin to favor them, this happened with Biden, happened with Obama, happened with Bush, and yes, it happened with Trump.There's even a name for it:https://www.schwab.com/learn/story/breadth-life-post-election-market-trends
are we dumping?
>>1469000Past new years, SPY still riding high
>>1468995Good post
>>1468995>>1469004Get a room you two
>>1468995Source?>Uh, just trust me.
>>1468882Burning Russia to the ground will be a major step in achieving world peace and stability.
>>1468957Because every dollar spent waging a war on behalf of a foreign nation is a dollar that could've been spent helping Americans.There are American veterans on the streets this Christmas, but we still need to spend a billion dollars fighting a war halfway across the planet to the benefit of people who aren't even American. Right, left, center, doesn't matter. You would have to be an idiot to argue that helping someone in a completely different nation is better than helping someone on your own streets.
>>1469020Some wars are better to get involved in than others.
>>1469020>>1469022The real answer is that we should be doing both.
>>1469024Right, now who will raise taxes in order to pay for all of that.
>>1469038esl shill is larping about being a taxpayer now, lol
>>1469038The serfs will pay for the rich mans wars
>>1469020Tax the rich if you're serious, they have to much money and it's better served in the hands of real Americans.
>>1469020Those dollars would have been spent on another contract for Musk or Thiel or one of the faceless MIC companies instead (and in fact, that's what most of the money spent on Ukraine actually is, paying the American MIC to supply them with the stuff and the technical support needed to make the stuff run). There is no world where that money would go to homeless veterans or any other individual American human. Maybe it would go to Israel instead, but it's not going to Americans.
>>1469090And you have to execute some of them for this to work. The real issue is too many have gotten comfortable "being in power" because the Boomers were so comfy they never had to rebel. Unfortunately now you've got the Yarvins and Karps thinking they're totally safe beating down the common man because recent history says "killing rich people bad."This WILL change. History has proven so a thousand times. Its a universal constant. They're just keeping a finger in the hole of the dyke thats about to be hit by a 1000' wave it can't possibly stop.Restoring REAL consequences to the greediest of society will help their buddies naturally loosen up their bholes a bit. One thing China does right is executing these billionaire scammers. The whole world needs to embrace this and then obliterate any nation-state that offers a safe haven to the billionaires.
>>1469090>government isn't spending tax dollars helping americans>anon's solution is to give the government more moneyJust stop bro
>>1469110Part 2 is using that money to help the masses and not just billionaires
>>1469117but the shill needs billionaires to have that money so they get paid to shill for billionairesdon't be heartless, their village needs that income to survive
>>1469118Shills don't get paid. They have some brain deformation that makes them post.
>>1469117This is the part Republicans will ignore.
>>1469122not like trump would pay his shills anyway. They get less than 4chan janitors, which says a lot.
>>1469117>This time will be different for sure! If they were ever going to do that, wouldn't they do that now that they're printing $40 billion a month for private equity? They could pay every American over 100 million per person for what they are printing per month to give AI datacenters sub-prime loans, and they don't.
>>1469137I love this logic of "Well it probably won't happen, so we should just continue the inherently flawed and unsustainable system instead".
>>1469127>Alright maggots, listen up. oldfags's about to teach you the Pecking Order. It goes: the shill, jannies, the people who tell jannies what to do, oldfags's stool, 4chan gold buyers, then oldfags. Any questions?
>>1469127Most of these shills are just idiots with more free time than common sense. Who but a fool would worship their slave-masters and shower them with praise? Cowards, perhaps.
>>1469143What?
>>1469138Overall job creation has been so anemic that unemployment is now higher than when Trump took office.And the ‘job creation’ we *have* had looks like this:(https://www.bls.gov/news.release/empsit.nr0.htm)>The number of people employed part time for economic reasons was 5.5 million in November, an increase of 909,000 from September. These individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)Meanwhile, manufacturing and industrial production have been continuously shrinking since ‘liberation day’, since blanket tariffs don't work on modern supply chains, and changing tariff rates every two seconds adds to business uncertainty, which is a disincentive for production. What we are experiencing is more properly described as a flood of industrial *dis*-investment:https://www.wsj.com/economy/trade/u-s-manufacturing-contracts-for-ninth-straight-month-88485b94?gaa_at=eafs&gaa_n=AWEtsqc1NbVzruppr6Geudo8PssGzw98-5DIQ7OObcBUn604M6B8OmlRBLL280HBzDA%3D&gaa_ts=6942406c&gaa_sig=rtAqOjwS-s6FePhd-1qU1AawEPaoPttA2qgSe9bQeeZl_n36s66FieJ_5W_jbxo03UHzq1QsfTAlL9vuln-UDQ%3D%3DAnd while the trade deficit decreased last month, the exports were all in services. In terms of durable goods (the stuff we're supposed to ‘beating’ China on) we're exporting *less*:https://www.reuters.com/business/us-trade-deficit-narrows-sharply-august-imports-fall-2025-11-19/EXPORTS OF GOODS FALLExports edged up 0.1% to $280.8 billion, reflecting services. Goods exports dropped 0.3% to $179.0 billion, with shipments of consumer products sliding $1.5 billion amid a $1.2 billion decline in pharmaceutical preparations.Exports of industrial supplies and materials, which also include crude oil, eased $0.6 billion. They were pulled down by a $1.1 billion decline in nonmonetary gold.
>>1469144They're already circle jerking in the new thread they made while running away from all the Epstein stuff.
>>1469153What?
>>1469173Sounds about right
>>1468887Shalom
>>1468887Nah. Jeff Bezos is making his legions of H1B amazon employees work on Christmas. Already video of it going viral
>>1469224Namaste
>>1468889So we give money to Lockheed Martin and RaytheonIt's war mongering
