Generally don’t have this type of GDP without inflation. But Covid was the anomaly. New Normal looking more and more like the old Normal…
@ObsessedMacawDemocrat3mos3MO
exactly
no new normal, just regular normal
this is great news and gives the fed the ability to lower rates - not to zero, but to a less restrictive rate
the porridge temperature is to her majesty’s liking
@FederalistCaviarRepublican3mos3MO
Except the epic debt and govt. spending on roids due to various cronyism other waste. Eventually these are major headwinds but the timing along with AI productivity remains uncertain. Plus I would argue the current political construct of the country is unsustainable.
@WiseUnityDemocrat3mos3MO
This was a massive beat on the preliminary reading.
But, it's a double edged sword for the Fed.
One one hand, the economy seems to be holding up. But on the other hand this may push back interest rate cuts.
@GrudgingPenguinSocialist3mos3MO
We know every number from the boomer ruling class is going to be insanely bullish for the economy
No one really paying much attention anymore to this as it’s all massaged for election narrative and to continue to add wealth to the billionaire oligarch donor class
@9CJ6CB63mos3MO
I’m just extremely concerned about AI. It needs regulation, and it needs it really bad. We’ve done too little, too late, and far too much argument has been done over if we should (corporations won’t), so now we’re behind on preparing for AI.
@CraneTimRepublican3mos3MO
