Economy Halfway to a recession- US GDP shrinks by .3% in Q1

[Khaosan]

GOD DAMMIT OBAMA!

 

[Scheme]

I'd be so tempted to ask something like, "Some families are saying they cannot afford bread. Do you think cake is a viable alternative?", to this fucking idiot.

Bread prices are down though: https://fred.stlouisfed.org/series/APU0000702111, https://fred.stlouisfed.org/series/APU0000702212

In fact, core inflation in general is down below forecasts so far: https://www.investing.com/economic-calendar/core-cpi-736

 

[Khaosan]

Some absolutely delectable MAGA cope in here.

 

[Scheme]

Some absolutely delectable MAGA cope in here.

Is the Bureau of Economic Analysis coping too?

The GDP numbers in this case are skewed by the artificially high amount of increased imports due to tariff deadlines and government spending reductions.

Gross Domestic Product, 1st Quarter 2025 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)

Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and March), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent.

www.bea.gov

The regular factors like investment and consumer spending are looking good:

Or is the fact that we imported a bunch of stuff before tariffs kicked in supposed to signal that the economy is in shambles, despite consumer spending and investment being very healthy?

 

[Khaosan]

Is the Bureau of Economic Analysis coping too?

Or is the fact that we imported a bunch of stuff before tariffs kicked in supposed to signal that the economy is in shambles, despite consumer spending and investment being very healthy?

Mmmm yum.

 

[Scott Stapp]

Show me one person who has said that besides you.

 

[Mr Holmes]

Yeah but how many libs were owned?

How could trans people do this?!

 

[LeonardoBjj]

- Now we're all alike. Welcome to the shrinkage wagon my american friends

 

[HOLA]

- Now we're all alike. Welcome to the shrinkage wagon my american friends

 

[cottagecheesefan]

We shall see. Dozens of major businesses investing trillions leading to industrial manufacturing purchases going way up.

 

[Sweater of AV]

Pretty sure "shrinks" is a synonym for "wins." More fake news imho.

 

[Rod1]

Or is the fact that we imported a bunch of stuff before tariffs kicked in supposed to signal that the economy is in shambles, despite consumer spending and investment being very healthy?

What is this supposed to mean?

Consumer spending is healthy because as you pointed out the US overstocked on imports before tariffs kicked in, what do you think consumer spending reaction would be to higher prices once that stock runs out?

 

[Blayt7hh]

Don't make that assumption. Never, ever underestimate the ability for people to vote against their own best interests. I don't want to assume your age but remember in 2008 during The Great Recession and after the War with Iraq for 7 years at that point? All of that and when the Presidential elections came around 45% of the country still voted for the McCain/Palin ticket. The last time I remember seeing an odd map (especially for a Presidential campaign) was 1976 when California voted Repub and Texas voted Dem.

It's precisely how the Republican party has stayed alive these last 30+ years. Economically everything they do is about funneling more money upwards and driving more people into poverty. Yet they get votes by turning every election into a culture war on shit that really doesn't matter most of the time

 

[sickc0d3r]

Is it lonely up there on your pedestal?

I guess level ground looks like a pedestal when you’re stuck in the hole that DJ Jazzy T dug for you.

 

[Blayt7hh]

What is this supposed to mean?

Consumer spending is healthy because as you pointed out the US overstocked on imports before tariffs kicked in, what do you think consumer spending reaction would be to higher prices once that stock runs out?

Here's the thing about that dude- he probably knows the flaw in his argument as he was writing it. He probably knows that the real ramifications of this mind bendingly stupid tariff war haven't even begun. But he still wrote what he wrote hoping it would sound good and that you wouldn't see the lie he is trying to hide.

 

[BlankaPresident]

First page of this thread is a great example of why it's hilarious some people think Sherdog leans right.

MAGAs really don't have much to say about the disaster you got as your government, so threads about economy are a skewed sample.

 

[jefferz]

I'd be so tempted to ask something like, "Some families are saying they cannot afford bread. Do you think cake is a viable alternative?", to this fucking idiot.

Says the guy that sells gold sneakers with his logo on it.

 

[Rod1]

Here's the thing about that dude- he probably knows the flaw in his argument as he was writing it. He probably knows that the real ramifications of this mind bendingly stupid tariff war haven't even begun. But he still wrote what he wrote hoping it would sound good and that you wouldn't see the lie he is trying to hide.

I think his logic means "if we don't count the parts where the economy is cratering then the economy is doing great".


This sounds like "Pac-man won 5 rounds against Marquez, so if we don't count the 6th round he totally won that fight".

 

[HereticBD]

We shall see. Dozens of major businesses investing trillions leading to industrial manufacturing purchases going way up.

It's a marathon, not a sprint. This thread will be laughable in the future, and not one Leftist in here will admit they were being hysterical retards.

 

[Rod1]

It's a marathon, not a sprint. This thread will be laughable in the future, and not one Leftist in here will admit they were being hysterical retards.

Want to make a bet?