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US economic growth slows but inflation grows
(www.bbc.com)
joe biden owes me $2000
just shovel another 300 billions to t-bills holders, they will surely reinvest them in productive capacity
stagflation time
things are gonna get dark
So, in Q1 2024, GDP growth in the United States slowed to just 1.6%, which is less than half of the previous quarter's (Q4 2023) 3.4% number. This reading is approximately 50% below Goldman Sachs' expectations. At the same time, the US Core PCE Price Index rose from 2.0% to 3.7%, which suggests that inflation is still on the rise and above estimates of 3.4%. The United States is now entering stagflation territory - the worst possible outcome for the Federal Reserve.
A bunch of capitalists in the 70s kicked the can of stagflation down the road by ripping the copper wires out of the walls via neoliberalism, and here we are now with the can landing on our heads.
Maybe we should throw another $200B at blowing shit up. Maybe sanction 5 more resource heavy nations. That should fix inflation for sure!
don't worry, the coming sanctions war with China is going to fix the economy real good
this post was submitted on 25 Apr 2024
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