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| Economy |
| Negative GDP growth in USA Jan-Mar 2022 quarter |
| 2022-04-28 |
| [CNBC] Gross domestic product unexpectedly declined 1.4% in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year. |
| Posted by:Lord Garth |
| #7 Couldn’t have been done without Mitch’s help. Good news is Biden may get his opportunity to make a re-election bid. Any other Dem would be stupid to stamp on the burning lunch bag that this Administration has left on our doorstep. Abrams might run but she probably has Galactic ambitions. |
| Posted by: Super Hose 2022-04-28 19:49 |
| #6 Unexpectedly my ass. We are in a recession moving into a depression and stagflation is a feature until the end of the year at least. It is that 70s show all over again. |
| Posted by: DarthVader 2022-04-28 16:22 |
| #5 Just priced some things since end of 1st quarter, new 2nd quarter prices. Summmbitch. |
| Posted by: swksvolFF 2022-04-28 16:18 |
| #4 This is, as we learned in the 1970s, the only way to stop inflation. Best to take our medicine now. The longer you wait, as we also learned in the 1970s, the worse the medicine is. |
| Posted by: Tom 2022-04-28 12:43 |
| #3 Will be a perfect time for the new pub congress to say "there's no money, we can't borrow more, our hands are tied." Of course, that won't happen... |
| Posted by: M. Murcek 2022-04-28 11:19 |
| #2 and next quarter the economy will have to deal with an increase in Fed Funds rate, increase in prime, etc. as well as the continuing supply chain mess and nasty inflation |
| Posted by: Lord Garth 2022-04-28 11:12 |
| #1 I think the dems messed up a bit. They were supposed to crash the economy and let a pub administration inherit it. |
| Posted by: M. Murcek 2022-04-28 10:32 |