We don't hear about 3% GDP growth any more
- Thread starter TMFT
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'Wage hikes will not keep pace with inflation.' The Fed can't control prices --- and may not want to.
Despite strident denials, rising costs might be consistent with policymakers' objectives.
www.marketwatch.com
And do not think the fed will do dork.
Maybe you should make more money instead of spamming the WC?
Telling you Dan, DMB, and Bailey are not worth it and may be one in the same.
Rapid inflation raises odds of double rate hike from the Fed in March
Rapid inflation is now raising expectations for an aggressive move from the Federal Reserve not seen since 2000: a double rate hike. One Fed official said he already supports such a move.
I will certainly believe it when I see it. The fed does alot of talking but when it comes to rate hikes but that usually all it does.
The basic, freshman economics equation for GDP includes govt spending as a core element.
GDP = C + I + G + NX
So unless you have some nuanced argument about govt spending causing massive crowding out of investment.... it's common sense to say that increased govt spending policies have boosted GDP.
But the only thing that matters in these cases is REAL (not nominal) increases.
If GDP growth > Inflation rate ≈ good
If Inflation rate > GDP growth ≈ bad
Thanks for clarifying that your intentions. High GDP growth is great in a vacuum. In reality, it's not that great if it's being outpaced by inflation of 7.5%. From what I can tell, the upper bound to Q4 GDP growth seems to be 7.2%, meaning the economy is not benefiting from GDP acceleration.
Strong U.S. wholesale inventories point to upward fourth quarter GDP growth revision
U.S. wholesale inventories rose slightly more than initially estimated in December as motor vehicle stocks increased by the most in 10 years, offering hope that supply chain constraints could be easing.
www.reuters.com
Inventories contributed 4.90 percentage points to the fourth quarter's 6.9% annualized growth pace. With the latest inventory data in hand, JPMorgan's Silver estimates that inventory investment increased at a $182 billion rate last quarter, which would add 5.1% percentage points to GDP growth.
Other economists agree and expect GDP growth could be raised to as high as a 7.2% pace.
LMAO! You post is "I'm not saying it's Trump's fault...." and then go on to blame Trump for not reaching 7% GDP growth. It's always "But Trump" with you - you can't help yourself.
My first line was something like "we have made mistakes" and by we I meant our current government. I have no power to change anything. Sure, Biden has blame. There are a LOT of factors and certainly government mistakes are part of it.
Oh, and I gave an example, we should have waited to see how the economy recovered before reducing fracking. We have to deal with oil, but waiting 6 months to a year is unlikely to be the difference.
Biden shut down the Keystone Pipeline and canceled future leases on oil drilling his first day in office. It was much more than reducing fracking.
JOE BIDEN AMID HISTORIC INFLATION CRISIS: ‘I DON’T KNOW WHY [PRICES] KEEP MOVING AND ALL THAT’
‘If we are able to do the things I’m talking about here, it will bring down the cost for average families’
Feb 10, 2022 5:30 PMBy Grabien Staff
LOL is he for real!! He I guess does not understand how inflation works is what he is saying.
So if the Fed takes on curing inflation by jacking up interest rates then how does that impact our US 30 trio deficit payments? And how does that impact bond heavy investments?Thanks for clarifying that your intentions. High GDP growth is great in a vacuum. In reality, it's not that great if it's being outpaced by inflation of 7.5%. From what I can tell, the upper bound to Q4 GDP growth seems to be 7.2%, meaning the economy is not benefiting from GDP acceleration.
Strong U.S. wholesale inventories point to upward fourth quarter GDP growth revision
U.S. wholesale inventories rose slightly more than initially estimated in December as motor vehicle stocks increased by the most in 10 years, offering hope that supply chain constraints could be easing.
Inventories contributed 4.90 percentage points to the fourth quarter's 6.9% annualized growth pace. With the latest inventory data in hand, JPMorgan's Silver estimates that inventory investment increased at a $182 billion rate last quarter, which would add 5.1% percentage points to GDP growth.
Other economists agree and expect GDP growth could be raised to as high as a 7.2% pace.
Which has very little to do with our inflation discussion. The XL pipeline would not yet be completed and carrying oil. So there is not yet any impact on the current global oil supply. If workers were building it today the gas station up the road would still be selling gas for 3.32.
They might have learned something but it won’t change their actions. Free stuff pandering for votes will override anything they might have learned.
Keystone XL was political theater for simpletons like Dan so they could yell at people. Ask anyone actually involved in oil/ gas how relevant it is/ was.....(hint it's not, nor ever was) . Only idiots talk about it.
Millions of North Americans use LP gas for home heating, cooking and hot water.
LP Gas prices are through the roof, $4.219
Per gallon.
Most residential LP storage tanks are 500 Gallons capacity, and are filled to 80% capacity. 400 gal fuel, sales tax at 7%,
$7.06 fuel recovery fee, $11.99 Hazmat fee,
And the fuel bill is $1 824.78.
Average Social Security payment is $1,100 per month....
LP gas prices are up 69% since January, 2021.
Current wholesale price FOB Texas is $1.24 gal. Current Amerigas price to consumers is $4.219. Markup is 340%.
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I'm not but I know it's a little more complicated than the pipeline.
US oil production for 2022 is estimated to be about 90% of what it was in 2019.
U.S. oil production set to increase further in 2022, energy expert Dan Yergin says
U.S. oil production is back and set to increase in 2022 after more than a year of OPEC and its allies "running the show," said oil expert Daniel Yergin.
One of the big factors was when the oil market got wrecked during COVID. You might remember when the futures price literally went to $0 for a hot second in early 2020. https://www.forbes.com/sites/rrapie...pply-is-still-out-of-balance/?sh=7f8c687a7ec3
Up in Northern Indiana, I just paid $2.28 a gallon to fill up my tank. That was a week and a half ago.
I noticed that poster went back to name calling. Name calling is always very telliing of the poster.
My natural gas bill was up 35% last month. But the left wing hacks like bowlmania would tell you all is just great.
I don't live in Fort Wayne. I live in Auburn. I would guess I get mine from Spencerville.
Well, inflation actually helps with fixed debt payments right? You get pay off the same amount of debt with money that is worth less than when it was borrowed.
Here's a summary of how it impacts bonds:
Here’s how rising interest rates may affect your bond portfolio in retirement
Many retirees rely on bonds for income and to reduce volatility. Here’s how the Fed’s expected interest rate hikes may affect bond portfolios.
I've always been jealous of the Boomers who went to college for the price of a pack of Marlboros then bought a house for $27k in 1972. Inflation took off when they were still young, wages caught up, and they made out like bandits. I honestly wonder how big that cohort is that lucked into that.Well, inflation actually helps with fixed debt payments right? You get pay off the same amount of debt with money that is worth less than when it was borrowed.
Here's a summary of how it impacts bonds:
Here’s how rising interest rates may affect your bond portfolio in retirement
Many retirees rely on bonds for income and to reduce volatility. Here’s how the Fed’s expected interest rate hikes may affect bond portfolios.www.cnbc.com
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