GDP hit 5.2% last quarter. Higher than all republican presidents this century. Let go Biden.

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Bidencrimefamily
13 Dec 2023 7:33 am
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Gross domestic product increased at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace, the Commerce Department's Bureau of Economic Analysis (BEA) said in its second estimate of third-quarter GDP. It was the fastest pace of expansion since the fourth quarter of 2021.Nov 29, 2023
https://www.reuters.com › markets
US economy grows 5.2% in third quarter; higher interest rates ...
 
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Bidencrimefamily
13 Dec 2023 7:36 am
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Z09 » 13 Dec 2023, 8:35 am » wrote: Interest rates over 7%...
Maybe the 6 million more illegals will get approved for a new home
Trump only had 3% growth Biden almost doubled it in a quarter. 
 
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Fuelman
13 Dec 2023 8:51 am
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That is a great number by all means. The Consumer made up 68% of that increase. Will the consumer remain on a spending spree? Hard to say, there appears to be cracks forming around the edges.

One thing is for sure, a decrease in M2 money supply doesn't always mean a recession but all recessions are preceded by a decrease in M2 money supply.

So here we are, roll the dice. No one will remember this number if a recession hits. We are watching our penny's by choice, not everyone has that choice. Some people are still carrying credit card balances from last Christmas ⛄⛄.
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Imperial Wizard
13 Dec 2023 8:53 am
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Fuelman » 13 Dec 2023, 9:51 am » wrote:  The Consumer made up 68% of that increase. 
Source?
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Imperial Wizard
13 Dec 2023 8:53 am
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Fuelman » 13 Dec 2023, 9:51 am » wrote:  penny's by choice, 
The word is pennies.  
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Imperial Wizard
13 Dec 2023 8:55 am
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Fuelman » 13 Dec 2023, 9:51 am » wrote: but all recessions are preceded by a decrease in M2 money supply.


 
Not always.  
 
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*Huey
13 Dec 2023 9:21 am
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Bidencrimefamily » 13 Dec 2023, 8:33 am » wrote: Gross domestic product increased at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace, the Commerce Department's Bureau of Economic Analysis (BEA) said in its second estimate of third-quarter GDP. It was the fastest pace of expansion since the fourth quarter of 2021.Nov 29, 2023
https://www.reuters.com › markets
US economy grows 5.2% in third quarter; higher interest rates ...

Until lower inflation and this great news starts hitting regular people's pocket books it really doesn't mean anything. 
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ROG62
13 Dec 2023 9:28 am
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I think he was referring to JCPenny's...oh wait...
 
Image “Show me the man and I’ll find you the crime” LAVRENTIY BERIA "Try to get past your passionate ignorance and learn to accept what actually happened." brown's unheeded words of wisdom :rofl:
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Imperial Wizard
13 Dec 2023 9:29 am
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ROG62 » 13 Dec 2023, 10:28 am » wrote: I think he was referring to JCPenny's...oh wait...
Ya, that's wut I wuz thinkin'  
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Imperial Wizard
13 Dec 2023 9:30 am
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I heard that's what your wife is.  But Shreya still makes the best curry chicken.  
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Imperial Wizard
13 Dec 2023 9:48 am
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Bidencrimefamily » 13 Dec 2023, 8:33 am » wrote: Gross domestic product increased at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace, the Commerce Department's Bureau of Economic Analysis (BEA) said in its second estimate of third-quarter GDP. It was the fastest pace of expansion since the fourth quarter of 2021.Nov 29, 2023
reuters › markets
US economy grows 5.2% in third quarter; higher interest rates ...
I notice that you and Z09 have the same color avatar.  You don't want to clash at this party, so you need to change yours.  
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Fuelman
13 Dec 2023 9:51 am
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Pretty sure it was CNBC, feel free to fact check.
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Imperial Wizard
13 Dec 2023 9:52 am
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Fuelman » 13 Dec 2023, 10:51 am » wrote: Pretty sure it was CNBC, feel free to fact check.

Oh, okay.  I'll be sure to do that.  
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Fuelman
13 Dec 2023 9:53 am
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:rofl:   :rofl:  I are retired truck driver! And cheap Folgers instant coffee!
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Imperial Wizard
13 Dec 2023 9:54 am
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Fuelman » 13 Dec 2023, 10:53 am » wrote: Image   Image  I are retired truck driver! And cheap Folgers instant coffee!
No, you're not.  lmao
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Bidencrimefamily
13 Dec 2023 4:25 pm
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Bidencrimefamily » 13 Dec 2023, 8:33 am » wrote: Gross domestic product increased at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace, the Commerce Department's Bureau of Economic Analysis (BEA) said in its second estimate of third-quarter GDP. It was the fastest pace of expansion since the fourth quarter of 2021.Nov 29, 2023
https://www.reuters.com › markets
US economy grows 5.2% in third quarter; higher interest rates ...
Reuters 

 
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Bidencrimefamily
13 Dec 2023 7:27 pm
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I like how Biden gets the job done. Unlike trumps wall and Trumps other promises he didn't keep for years.
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Bidencrimefamily
15 Dec 2023 10:31 pm
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I remember when pubs were partying with 3% GDP growth.
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