FED projects US GDP to contract -2.8% in Q1

[dj-method-x]

Peak tangibilism

At least we got a few Mexicans, DEI, and a couple of volleyball playing trannies outta here brehs. This will be the best recession ever

*cues up Ashanti*

Tangibles raaaaaaain on meeeeee

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Q1 GDP REVISED AGAIN

Ugh.

On Friday, I posted that the Atlanta Fed was projecting Q1 GDP to drop into negative territory.

Specifically, down to -1.5% growth from 2.3% in Q4 of 2024.

Well, they just posted an update today. They are now projecting contraction to -2.8% in Q1.

Obviously, this isn't a final number and can certainly change. We're only 2/3 of the way through Q1, so don't read too much into this at this point.

But, this would be one of the biggest drops in GDP quarter over quarter ever.

NOTE: GDP is comprised of multiple economic data points. Consumer spending, private investment, imports and exports. Imports and exports are, for the most part, going to even out over longer periods of time, so they are less influential in any specific GDP reading.

But here's what the current report has to say about consumer spending and private investment:

"...real personal consumption expenditures growth and real private fixed investment growth fell from 1.3 percent and 3.5 percent, respectively, to 0.0 percent and 0.1 percent."

So it's not just variations in imports and exports that is leading this drop.

 

[BaggerofTea]

"You can't make an omelette without breaking eggs"

Americans are about to find out how much of a peon they really are

 

[Micky Mikey]

Hard lessons will be learned. Pain and suffering is the greatest teacher.

 

[Sir ZDuke]

From +3% QoQ to -3. We’re really being led by the best of the best

 

[Premeditated]

-2.8%

brehs, that is europeans union level

by the time this orange fakkit leaves(if he leaves), we will be financially poor like them

 

[Seoul Gleou]

-2.8%

brehs, that is europeans union level

by the time this orange fakkit leaves(if he leaves), we will be financially poor like them

if you took away the taxes europeans pay for social services and infrastrucutre, they earn the same or more than us.

we work longer and harder and get less benefits than them.

 

[Premeditated]

if you took the taxes europeans pay for social services and infrastrucutre, they earn the same or more than us.

we work longer and harder and get less benefits than them.

true

and they also have a longer life expectancy while paying way lower in health care

thats why i only mentioned the financial part. thats the only place we are "winning"

 

[dj-method-x]

From +3% QoQ to -3. We’re really being led by the best of the best

It's all in the plans brehs. Just wait until the billionaires get their tax cuts.

 

[MikelArteta]

toothless smile more lies from the left he's doing a great job ain't he jethro

 

[MustafaSTL]

At least we didn’t get that Indian woman, right?

 

[dj-method-x]

At least we didn’t get that Indian woman, right?

That indian woman and her white husband would have never given us tangibles like these

 

[TheKongoEmpire]

Peak tangibilism

 

[Lord Beasley]

-1300 pts in 2 days


i dont know if I can take all these tangibles!!