Posted on 10/28/2021 6:03:12 AM PDT by maggief
The numbers: U.S. gross domestic product growth decelerated to an 2% annualized rate in the third quarter, down from a 6.7% rate in the April-June quarter, the Commerce Department said Thursday.
Economists polled by the Wall Street Journal had forecast GDP to slow to a 2.8% rate.
This is the slowest growth rate since the 2020 recession.
Key details: Consumer spending rose a scant 1.6% in the third quarter, well below the 12% rate in the prior three months.
(Excerpt) Read more at msn.com ...
UNEXPECTED!
...as we slowly circle the drain.
Not sure I believe anything they say.
....but, but, but........wait....how can this be....? we have been told repeatedly by that PoS of a President that his administration is on the right track and everything is coming up roses....! what’s truth and what’s fiction here.....?
They forgot to include that word.
They’re slipping.
L
I have 24% of my portfolio in bonds. Should it increase to 33%? The SHTF moment is what I’m worried about. I’m 66 and have a million.
“This is the slowest growth rate since the 2020 recession”
They mean the totally avoidable economic crash caused by an irrational and worthless overreaction to Covid.
Can’t supress Deflation news any longer.
...as we slowly circle the drain.
***********
This is not a healthy economy by any stretch and we are long overdue for a significant market correction.
Surely, this is just transitory!
I pull my left wing in and put my other face out. I blame it all on Trump and I circle back about.
That’s strange, I though we were in contraction.
The only reason the market is strong now is the trillions being infused into the economy. The only problem is that is like a cocaine high, it won't last and then you crash. Tough to time the market, but I suspect in 9-12 months we will see the weakening. I predict as GOP pickup of historic proportions in 2022. IF, we can groom solid conservative candidates NOW.
I’ve read a number of articles about diversified portfolios, including some with historical analysis going through the Great Depression to the present. The idea is that if money leaves one category of investment, it tends to be moved to another.
Typically, they’re divided between equities, gold, bonds, and real estate. A roughly equal distribution gives a very nice return with good stability. Overweighting equities improves long term performance, but with a bumpier ride. I imagine that dollar cost averaging and periodic rebalancing would smoothen things out a bit.
Big gov will increase the money supply as a stimulus, which will increase aggregate demand, which will increase average price level, which will lead to hyperinflation
Not to worry, we will get another temporary economic boost from the trillion dollar bills with Biden will announce in 2 hours: 11:30 AM ET
President Biden Delivers Remarks
All the previous growth was residual to the Trump administration. Going forward, it’s all on Biden.
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