Liberal Forum

The US economy expanded in the fourth quarter by more than forecast, powered by resilient consumer spending that helped cap the strongest year of growth since 2021.

Bloomberg


"BUT JESSE SAYS......"


morons.

Updated Jan. 11, 2024, to add most recent CPI figures.
Current index: The consumer price index, or CPI, rose 0.3% in December after increasing 0.1% in November. The year-over-year increase was 3.4%.
The CPI measures the change in prices paid by U.S. consumers for everyday goods and services, like groceries, gas and rent. It’s calculated by the U.S. Bureau of Labor Statistics and tracks real-world impacts of inflation on consumers. Every month, the BLS releases updated CPI data, showing monthly and annual changes in average prices.The most recent CPI report, released on Jan. 11, showed the index increased by 0.3% between November and December, and grew by 3.4% over the past 12 months
The current CPI report also found:
The cost of shelter rose 0.5% in December and was a major contributor to the rise in CPI this month. The shelter index is up 6.2% from the same time a year ago.
Higher prices for electricity and gasoline contributed to a 0.4% rise in the energy index in December. Over the past year, the energy index decreased 2%.
Food costs rose 0.2% in December. Prices for groceries (+0.1%) and restaurants (+0.3%) were both higher.
Core CPI — that is, all items less food and energy — rose 0.3% over the last month and 3.9% over the past 12 months.


https://www.nerdwallet.com/article/finance/what-is-cpi
 

R.Suave » 25 Jan 2024, 8:46 am » wrote: ↑

25 Jan 2024, 8:46 am

The US economy expanded in the fourth quarter by more than forecast, powered by resilient consumer spending that helped cap the strongest year of growth since 2021.

Bloomberg

"BUT JESSE SAYS......"

morons.

2021? right when joe took office and everything went to ****...got it...
Is it based on dollars or units?

The "resilient consumer" is digging a hole.

The largest increase in any category was credit card debt, which swelled by 16.6% between Q3 2022 and Q3 2023, the most recent term for which federal data was available.

The GDP doesn't help pay the bills for regular people.

ROG62 » 25 Jan 2024, 8:51 am » wrote: ↑

25 Jan 2024, 8:51 am

2021? right when joe took office and everything went to ****...got it...
Is it based on dollars or units?

Huey+242 minutes ago

Stamp of Approval...

Says it all.

Is it based on dollars or units?

^^^^^cretin trying to look "informed".

It is based on dollars, just as it was between 2017 and 2021...

R.Suave » 25 Jan 2024, 8:46 am » wrote: ↑

25 Jan 2024, 8:46 am

The US economy expanded in the fourth quarter by more than forecast, powered by resilient consumer spending that helped cap the strongest year of growth since 2021.

Bloomberg

"BUT JESSE SAYS......"

morons.

RECORD BREAKING NEWS!!!
The best era in the history of the nation.  

Going back almost ONE THOUSAND days... 



Measured in minutes it is ASTOUNDING!

DeezerShoove » 25 Jan 2024, 9:44 am » wrote: ↑

25 Jan 2024, 9:44 am

RECORD BREAKING NEWS!!!
The best era in the history of the nation.  

Going back almost ONE THOUSAND days... 

Measured in minutes it is ASTOUNDING!

Are you suggesting that the bar is too low?

Post Grifty's BEST year...

If you won't, stop pretending as if you have any idea what your talking about.

 

biden brings down food cost in usa: have you tried biden's 'sweeny todd meat pies'? made daily in gaza. biden has usa airforce ship them daily into usa markets. so yummy. question? where does the meat come from?

In the real world, the numbers may be meaningful. In the political world, perception is more important than fact.

During the coverage of the NH primary, CNN asked their "experts" why Biden's numbers were so low and why there was so much fear in the DNC that younger voters would stay home in November, especially "when the economy is doing so well". More than one basically said economic performance numbers can be misleading and paint whatever picture you want them to paint. Inflation may appear to be down, but that is compared to inflation that was at a generational high last year...GDP numbers are manipulated based on who is talking about it (excluding some things for example). One even suggested that if Biden cannot find away to make voters forget about the inflation numbers from 2022 and if the cost of housing, food and fuel don't at least plateau...he is in trouble.

ConsRule » 25 Jan 2024, 10:03 am » wrote: ↑

25 Jan 2024, 10:03 am

In the real world, the numbers may be meaningful. In the political world, perception is more important than fact.

During the coverage of the NH primary, CNN asked their "experts" why Biden's numbers were so low and why there was so much fear in the DNC that younger voters would stay home in November, especially "when the economy is doing so well". More than one basically said economic performance numbers can be misleading and paint whatever picture you want them to paint. Inflation may appear to be down, but that is compared to inflation that was at a generational high last year...GDP numbers are manipulated based on who is talking about it (excluding some things for example). One even suggested that if Biden cannot find away to make voters forget about the inflation numbers from 2022 and if the cost of housing, food and fuel don't at least plateau...he is in trouble.

 

Tell everyone what happened in 2012.

R.Suave » 25 Jan 2024, 10:04 am » wrote: ↑

25 Jan 2024, 10:04 am

 

Tell everyone what happened in 2012.

What does the Costa Concordia running aground have to do with this thread?

If you were wondering why the credit card balances are ballooning:

Fewer than half of Americans, 44%, say they can afford to pay a $1,000 emergency expense from their savings.

I don't know if they are suffering but definitely living on the edge.

In January, the University of Michigan's Consumer Survey saw a 13.1% month-to-month jump, marking its highest level since 2021. Alongside this, the S&P 500 climbed 7.2% since December's start, topping a fresh record last Friday.

https://markets.businessinsider.com/new ... ion-2024-1

R.Suave » 25 Jan 2024, 10:12 am » wrote: ↑

25 Jan 2024, 10:12 am

In January, the University of Michigan's Consumer Survey saw a 13.1% month-to-month jump, marking its highest level since 2021. Alongside this, the S&P 500 climbed 7.2% since December's start, topping a fresh record last Friday.

https://markets.businessinsider.com/new ... ion-2024-1

**** **** LIBERAL LIES

Fuelman » 25 Jan 2024, 10:11 am » wrote: ↑

25 Jan 2024, 10:11 am

If you were wondering why the credit card balances are ballooning:

Fewer than half of Americans, 44%, say they can afford to pay a $1,000 emergency expense from their savings.

I don't know if they are suffering but definitely living on the edge.

What have these numbers been historically?

R.Suave » 25 Jan 2024, 10:13 am » wrote: ↑

25 Jan 2024, 10:13 am

What have these numbers been historically?

STFU SHILLY

ConsRule » 25 Jan 2024, 10:11 am » wrote: ↑

25 Jan 2024, 10:11 am

What does the Costa Concordia running aground have to do with this thread?

Context, pinhead.

R.Suave » 25 Jan 2024, 8:46 am » wrote: ↑

25 Jan 2024, 8:46 am

The US economy expanded in the fourth quarter by more than forecast, powered by resilient consumer spending that helped cap the strongest year of growth since 2021.

Bloomberg

"BUT JESSE SAYS......"

morons.

Good luck with that..

 

https://youtu.be/JhTIt8xd1kM
 

R.Suave » 25 Jan 2024, 9:38 am » wrote: ↑

25 Jan 2024, 9:38 am

Stamp of Approval...

Says it all.

^^^^^cretin trying to look "informed".

It is based on dollars, just as it was between 2017 and 2021...

"since 2021" your post read...

"dollars"? prices up 30-50% since joe took office...renders dollars moot...

nod...

R.Suave » 25 Jan 2024, 10:16 am » wrote: ↑

25 Jan 2024, 10:16 am

Context, pinhead.

You didn't request context...*******.