U.S. GDP comes in higher than expected: instant reaction

[@Casey-qm1nd]

No surprise... Meanwhile in canada it's looking pretty grim. May cuts? Stop dreaming.

[@Felix-op1rw]

almost in every other developed country it looks way worse and despite that they blame biden for the ''bad'' economy

[@KarenLavia]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@ScottKindle-bk3hx]

Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?

[@PaulKatrina.]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@Miakate-f3l]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@PaulKatrina.]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Margaret Johnson Arndt for the last five years or so, and her returns have been pretty much amazing.

[@Suleferdinand]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@earthtothe9791]

US GDP are strongly link to It Dollar hegemony, its feeble, if dollar hegemony collapses, even -50% decreas on GDP is not even surprise.

[@cliffordtindall4597]

What is with the constant push to cut rates especially given how growth is still happening the way it is? We are still at historically low rates. Enough of the free money! Drop rates and you'll just see inflation skyrocket again and housing prices further drive forward for no freaking reason other than massive investor buying which is not representative of the general public needing homes to live in.

[@grimaffiliations3671]

inflation wasn't a demand issue, it was a supply issue. Now that supply is back on line, we can start cutting again. No need to risk further slowing in the jobs market

[@xiahan1698]

Real GDP growth is adjusted for inflation. Inflation in the past year is like 25%. So before adjusting for inflation, US GDP grew by a whopping amount of 28%! Whose wage/salary increased by 28%? I am sure CEOs and the politicians they feed to may have such a increases, while the middle class is struggling. Both parties failed the American people in the past decades!

[@lominiski]

Haha. The divergence mean more rate increases.

[@rh3108]

GDP comes in higher than expected: Rate cuts! GDP comes in lower than expected: Rate cuts! It's almost as if these people have already made up their minds and needs these cuts by any means necessary

[@grimaffiliations3671]

there's no reason for them to remain high now that inflation has been defeated. No need to risk further slowing in the labor market

[@robertjefferson106]

Increases in military spending increases the GDP. What a joke. Good news, give me a break!

[@grimaffiliations3671]

it's almost all in consumption

[@DucaTech]

Microsoft just laid off 1900 in their Activision / Blizzard division.

[@MustyBastard]

the economy is strong !!!!!!!!!

[@Fear.of.the.Dark.]

they laid off 10,000 last year. The tech recession already happened one year ago.

[@grimaffiliations3671]

they're getting rid of the non ai folks, that doesn't say anything about the wider economy

[@xiahan1698]

Real GDP growth is adjusted for inflation. Inflation in the past year is like 25%. So before adjusting for inflation, US GDP grew by a whopping amount of 28%! Whose wages/salaries increased by 28% in the past year? I am sure CEOs and the politicians they feed to may have such big increases, while the middle class is struggling. Both parties failed the American people in the past decades!