On 2023-01-26 16:10:14 +0000, Trchnobarbarian said:

> "U.S. GDP rose 2.9% in Q4; Jobless claims fell to the lowest level
> since April ’22
>
> The U.S. economy finished 2022 in solid shape even as questions persist
> over whether growth will turn negative in the year ahead.
>
> Fourth-quarter gross domestic product, the sum of all goods and
> services produced for the October-to-December period, rose at a 2.9%
> annualized pace, the Commerce Department reported Thursday. Economists
> surveyed by Dow Jones had expected a reading of 2.8%.
>
> The growth rate was slightly slower than the 3.2% pace in the third quarter.
>
> Stocks turned mixed following the report while Treasury yields were
> mostly higher.
>
> Consumer spending, which accounts for about 68% of GDP, increased 2.1%
> for the period, down slightly from 2.3% in the previous period but
> still positive.
>
> Inflation readings moved considerably lower to end the year after
> hitting 41-year highs in the summer. The personal consumption
> expenditures price index increased 3.2%, in line with expectations but
> down sharply from 4.8% in the third quarter. Excluding food and energy,
> the chain-weighted index rose 3.9%, down from 4.7%.
> [snip]
>
> https://www.cnbc.com/2023/01/26/gdp-q4-2022-us-gdp-rose-2point9percent-in-the-fourth-quarter-more-than-expected-even-as-recession-fears-loom.html
>
>
> TB
The GOP really want a major recession, they aren't going to get it.

That's not to say we might not have a minor one, RV sales are depressed
(that is actually one of the major indicator for recessions)

On 2/7/2023 10:27 AM, Ralph E Lindberg wrote:
> On 2023-01-26 16:10:14 +0000, Trchnobarbarian said:
>
>> "U.S. GDP rose 2.9% in Q4; Jobless claims fell to the lowest level
>> since April ’22
>>
>> The U.S. economy finished 2022 in solid shape even as questions
>> persist over whether growth will turn negative in the year ahead.
>>
>> Fourth-quarter gross domestic product, the sum of all goods and
>> services produced for the October-to-December period, rose at a 2.9%
>> annualized pace, the Commerce Department reported Thursday. Economists
>> surveyed by Dow Jones had expected a reading of 2.8%.
>>
>> The growth rate was slightly slower than the 3.2% pace in the third
>> quarter.
>>
>> Stocks turned mixed following the report while Treasury yields were
>> mostly higher.
>>
>> Consumer spending, which accounts for about 68% of GDP, increased 2.1%
>> for the period, down slightly from 2.3% in the previous period but
>> still positive.
>>
>> Inflation readings moved considerably lower to end the year after
>> hitting 41-year highs in the summer. The personal consumption
>> expenditures price index increased 3.2%, in line with expectations but
>> down sharply from 4.8% in the third quarter. Excluding food and
>> energy, the chain-weighted index rose 3.9%, down from 4.7%.
>> [snip]
>>
>> https://www.cnbc.com/2023/01/26/gdp-q4-2022-us-gdp-rose-2point9percent-in-the-fourth-quarter-more-than-expected-even-as-recession-fears-loom.html
>>
>> TB
> The GOP really want a major recession, they aren't going to get it.
>
> That's not to say we might not have a minor one, RV sales are depressed
> (that is actually one of the major indicator for recessions)
>

I don't know it the GOP want a recession but I doubt it. On the other
hand, the democrats definitely do. As the economy worsens it puts more
people on the government dependency dole and that means more democrat
voters.
--
"I just saved a bunch of money on my insurance by switching to reverse
and leaving the scene."