U S economy likely grew a lot last quarter Most people didn t notice HEAD TOPICS

U S economy likely grew a lot last quarter Most people didn t notice

10/23/2022 7:57:00 AM

GDP the broadest measure of economic activity is expected to have risen roughly 2 9 percent between July and September according to a tracker from the Federal Reserve Bank of Atlanta

Source

The Washington Post

The U.S. economy is expected to have grown robustly in a sharp rebound from the first half of the year, but most Americans are unlikely to notice. Persistent inflation continues to weigh heavily on both economic growth and household budgets. GDP the broadest measure of economic activity is expected to have risen roughly 2 9 percent between July and September according to a tracker from the Federal Reserve Bank of Atlanta of losing control of both the House and the Senate.“Do not be fooled by a rebound in GDP,” Joseph LaVorgna, chief economist at SMBC Nikko Securities America and former Trump White House economic adviser, wrote in a recent note to clients. “Is the economy out of the woods? No. The economy frequently generates healthy gains in real GDP around the onset of recession. Indeed, this has happened in four out of the last six downturns.” Why the U.S. economy shrank in early 2022A growing chorus of economists say a 2023 recession is all but inevitable, as the Federal Reserve continues to aggressively raise interest rates in hopes of slowing the economy enough to control inflation. There are also rising fears that turmoil abroad, in Europe and Asia, could seep into the U.S. economy. Read more:
The Washington Post » Fort Worth homeless families still increasing, city officials say Bannon sentenced to 4 months for defying Jan. 6 committee subpoena Third man charged in July 2020 homicide Black Adam Becomes First 2022 Film to Open Over $50 Million Since July

Here s why mosquitoes are attracted to some people more than others CNN

If you have always suspected you might just be a mosquito magnet, scientists now have evidence for you: Mosquitoes indeed are attracted to certain humans more than others, according to a new study. Read more >> Most didn't notice because trickle down economics doesn't work. Yet so many are considering voting for more of just that. What's the definition of insanity? Lol It doesn’t matter what you say, it’s how Americans feel—and we all feel poorer under Biden and Democrats. Nothing you tell us will change that. A big change is needed. Economic growth is killing Earth, and it's founded on a population pyramid scheme. Stop celebrating it. Perhaps if the Post and other outlets paid more attention to explaining why this is happening (one of the Five Ws, recall), Americans might - might - be responding differently. You should say 'Persistent Corporate Price Gouging' under the cover of MSM Inflation Stories continues to weigh on the economy Nobody is ever gonna notice It grew more than Trump’s economy but the media refuse to give Biden any credit. Democracy dies in deception. Then why don’t you make your headlines reflect that truth. It’s not that fucking hard. Maybe if you told them, they might. Fort Worth homeless families still increasing, city officials sayA city report shows that from July through September, an average 138 families were homeless, Texas has $$$ GovAbbott why ate our ppl homeless? Unbelievable how $$$ is raised for elections but not for social services. Why not a State lottery ticket $$$$ goes to support the homeless. Why not Abbot. Call me, let's talk. A brutal stagflation and recession looms, in mid 2023. Leave it to the MSM to find the dogpile in the silver lining. GDP up, like a lot. Corporate profits way up. Unemployment at 50-year lows. Strongest dollar in 20 years. But according to WaPost, ‘Shit, innit.’ Maybe the media should tell them. Bannon sentenced to 4 months for defying Jan. 6 committee subpoenaFormer Trump White House adviser Steve Bannon was sentenced Friday to four months in prison for defying a subpoena from the House committee investigating the Jan. 6, 2021, insurrection at the U.S. Capitol. Third man charged in July 2020 homicideA grand jury indicted Steven Washington, 23, in the killing of Nurudeen Thomas, a 30-year-old from Greenbelt, Md. Black Adam Becomes First 2022 Film to Open Over $50 Million Since JulyBlackAdam will be the first movie to debut with over $50 million at the box office since July's Thor: Love & Thunder. Deserves BlackAdam Needs more Dr. Fate was 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 Web3 Ecosystem to Add $1.1 Trillion to India's GDP by 2032: Report – Economics Bitcoin NewsA new report by Nasscom estimates that $1.1 trillion in Web3 economic value will be added to India's GDP by 2032. yea! GUYS!! The craziest airdrop is Live 💰 That’s a great and positive news for crypto market btc BTC bitcoin Steve Bannon sentenced to 4 months in prisonBREAKING: Steve Bannon was sentenced to four months in prison for defying a subpoena from the Jan. 6 select committee. The Justice System is absolutely corrupt. This is a JOKE sentence. Not enough but yay. 😛 That’s it? No fine? within six seats of losing control of both the House and the Senate.6:00 AM on Oct 21, 2022 CDT Fort Worth , and the situation could could get worse, city officials said this week.By Spectrum News Staff and Associated Press Washington, D.By October 21, 2022 at 6:09 p. “Do not be fooled by a rebound in GDP,” Joseph LaVorgna, chief economist at SMBC Nikko Securities America and former Trump White House economic adviser, wrote in a recent note to clients. “Is the economy out of the woods? No. One factor contributing to the increase is a jump in size of homeless families. The economy frequently generates healthy gains in real GDP around the onset of recession. 21, 2022 PUBLISHED 9:21 AM ET Oct. Indeed, this has happened in four out of the last six downturns. Families now are averaging 5.” Why the U. ArrowRight Washington and Daivian and Dijon Williams are all from Stone Mountain, Ga. S. This factor accounts for a much larger increase of “persons in families” than just looking at households. 6, 2021, insurrection at the U. economy shrank in early 2022 A growing chorus of economists say a 2023 recession is all but inevitable, as the Federal Reserve continues to aggressively raise interest rates in hopes of slowing the economy enough to control inflation. There are also rising fears that turmoil abroad, in Europe and Asia, could seep into the U. The number of families experiencing homelessness has risen since April, and an expected mid-September slowdown never came.S.  What You Need To Know Former Trump White House adviser Steve Bannon was sentenced to four months in prison Friday for defying a subpoena from the House committee investigating the Jan. economy. Fort Worth mayor Mattie Parker coordinated an Oct. D. Advertisement at 3.5 percent , is near historic lows and many Americans are getting pay raises. “This is a stark contrast to COVID,” said Lauren King, executive director of Tarrant County Homeless Coalition, and a meeting participant. Capitol A CEO to Trump’s 2016 presidential campaign and then a chief strategist to the president, Bannon also was ordered to pay a $6,500 fine A federal jury convicted Bannon of two counts of criminal contempt of Congress following a four-day trial in July A CEO to Trump’s 2016 presidential campaign and then a chief strategist to the president, Bannon also was ordered to pay a $6,500 fine. Business investment and consumer spending remain strong, even as households and business owners say they feel pessimistic about their finances and the direction of the economy. The White House pointed to strong jobs growth and steady consumer spending — which makes up nearly 70 percent of GDP — as promising signs that the economy remains robust. They can’t make ends meet anymore. “If you’re trying to understand strong growth in the U.S. S. “There’s probably going to be a series of short-term solutions that we need to come up with, and long-term solutions,” Parker said. economy, obviously the job market is a critical contributor,” said Jared Bernstein, a member of the president’s Council of Economic Advisers. “Most people get their income through the job market — it’s about paychecks, not stock portfolios — so if people are working and getting ahead, that’s going to be an important contribution to the economy.6 million more, as well as $8 million in homeless family units. His sentencing came exactly one year after the full House of Representatives voted to hold him in contempt.” Advertisement Economists are keeping a close watch on one key measure that strips out factors like trade and retailers’ inventory levels. That metric, final sales to private domestic purchasers, offers a clearer look at U. More affordable housing is on the horizon countywide. S. attorney for the District of Columbia, said after the trial. demand and has increased every quarter since the beginning of the pandemic.5 million in federal funds to develop 254 affordable housing units for people experiencing homelessness and is currently looking for developers. However, growth rates have begun tapering off this year, suggesting that economic gains are slowing, even while GDP ticks up. “The nuance really matters right now,” said Andrew Patterson, senior international economist at Vanguard. “I’m not the only mayor in Texas with this problem right now. His refusal to do so was deliberate and now a jury has found that he must pay the consequences. “If you look at the underlying metrics, consumption by households, businesses and government is trending consistently downward. We may see positive GDP growth this time around, but that’s because of a drop in imports rather than higher consumption.” Biden’s rescue plan made inflation worse but the economy better Reading economic tea leaves, though, is often as much about household and business perceptions as it is about actual numbers. Nichols said Bannon will not be forced to report for his sentence until after his appeal plays out. Even with a booming job market and brisk spending, many Americans feel incredibly pessimistic about the economy. Consumer sentiment remains near record lows, with many Americans saying they expect an even rockier road ahead, according to a closely watched index from the University of Michigan. Advertisement That gloom is driving voters across the country to reassess their decisions ahead of the midterms." Defense attorneys argued during the trial that he didn’t refuse to cooperate and that the deadline dates “were in flux. Polls consistently show that inflation remains a top issue for many Americans. In Nashville, Cheryl Beaumont is voting for Democrats for governor and Congress, though she says several friends are switching to Republican candidates because of economic concerns. Many are struggling with higher food and gas costs, she said, and don’t feel like the current administration is doing enough to bring down prices. When it became clear that wasn't in the cards, the possibility of cooperation faded, court records state. “Democrats are still out there talking about gun safety and abortion, but the real worry for everyday Americans is: How do I feed my family? How do I pay rent?” said Beaumont, 52, who handles transportation logistics for a shoe retailer. “They want a plan. People don’t have the luxury of putting principles in front of inflation anymore. Bannon has remained a staunch defender of Trump and was reportedly in contact with other allies of the then president in the days leading up to Jan.” .