U.S. economy went into reverse in the first quarter, new GDP data shows
U.S. economy went into reverse in the first quarter, new GDP data shows
www.cbsnews.com
U.S. economy went into reverse in the first quarter, new GDP data shows
13 comments
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After this (IF there is an after), if I ever hear another """""undecided""""" voter complain about the economy, I'm actually gonna lose my shit. Everyone saw this coming from 1 AU out, there was literally no reason to vote this asshole in.
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Everyone saw this coming from 1 AU out
The people on fucking alpha centauri saw this coming LMAO
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Technically we're all 1 AU out
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Time to eliminate whatever agency handles GDP data
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Nah, this is nothing a sharpie can’t fix
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At the very least we confirmed Taiwan was a country on this chart.
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The economy went in reverse...Just like the national IQ from having to listen to a moron all day.
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Well...one way to bring inflation down is to make conditions so bad, that people stop spending money altogether. Companies will have no choice but to lower prices, since no one can afford anything anymore.
Maybe Trump really is a genius, after all. /s
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It's bad and 100% caused by tariffs but a quirk in the way GDP is measured needs to be considered when interpreting this number- imports essentially as negative GDP, so when everyone scrambled to import everything before the tariffs went into effect it made GDP go really low. The idea is that when you sell the imported item that is counted as positive GDP so selling an imported item is basically GDP neutral, but a lot of this stuff hasn't been sold yet. That said, it's still a bad sign and still 100% caused by tariffs. It's just not immediately what it looks like.
13 comments