The GDP growth numbers for Q1 comes out worse than expected, shrinking 1.6%

Jun 29, 2022
10:42:20am

DC15 All-American

Pretty encouraging the experts have been consistently wrong about the state of the economy. We are definitely in a great space.

New York Post

US economy shrank more than expected in most recent quarter

The US economy shrank at a 1.6% annual pace in the first three months of the year, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter.

https://nypost.com/2022/06/29/first-quarter-gdp-shrank-by-1-6-more-than-expected/[https://www.google.com/amp/s/nypost.com/2022/06/29/first-quarter-gdp-shrank-by-1-6-more-than-expected/amp/]

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DC15

Previous username: dchandle15
Bio page: DC15
Joined: Feb 4, 2011
Last login: Apr 23, 2024
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Messages

Author

Time

The GDP growth numbers for Q1 comes out worse than expected, shrinking 1.6%

DC15

6/29/22 10:42am

The 'experts' have been wrong with a lot of things. It's scary that we put so

Benfica1

6/29/22 10:44am

Easy to be an expert when there is no accountability.

crack

6/29/22 10:47am

Isn't that the definition of gobernment?

TNT

6/29/22 10:51am

Who’s putting trust in them? Who is ‘them’?

macdizzle

6/29/22 11:37am

Yeah. Myths like " this inflation is transitory" & "an extra $2 trillion in

Forzaitalia

6/29/22 11:40am

Is it stagflation if inflation is still high when the economy is stalling?

Heath Squashwell

6/29/22 10:45am

It is here we are in a recession 2 plus quarter and have inflation. That is the

johnnybyu

6/29/22 1:47pm

Q2 is almost assuredly going to have negative GDP as well, which will put us in

RH84025

6/29/22 10:48am

Yep - except now they are softening the definition and making it more subjective

Saxa

6/29/22 10:58am

I can see the MSNBC Headline: "Negative Q1 growth numbers distract from the

Skeptical Optimist

6/29/22 10:55am

Unemployment is so low! Historically low! 🙄

MarylandFan

6/29/22 10:56am

Here's another possible headline: "Putin's Negative Q1 Results"

Covid-19

6/29/22 11:53am

You forgot mentioning something about Trump.

crack

6/29/22 11:59am

How could anyone not see it? Plain as day for anyone willing to look who's not isolated from regular citizens.

Division Bell

6/29/22 10:57am

The ultra-cynic in me thinks they bumped it down so that Q2 looks less bad

AggieWeekendCougar

6/29/22 10:59am

Thanks Biden...er, Obama...err...Obiden

US economy shrank more than expected in most recent quarter

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