Author Topic: GDP roars to 6.4 percent in first quarter of 2021  (Read 678 times)

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Online mystery-ak

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GDP roars to 6.4 percent in first quarter of 2021
« on: April 29, 2021, 01:13:13 pm »
GDP roars to 6.4 percent in first quarter of 2021
By Niv Elis - 04/29/21 08:38 AM EDT

The economy grew at an annualized rate of 6.4 percent in the first quarter of 2021, according to Commerce Department data released Thursday.

The figure is up from 4.3 percent in the previous quarter and an early indication that the economy could reach annual growth levels this year not seen since the 1980s.

It was the largest first-quarter increase since 1984.

more
https://thehill.com/policy/finance/550889-gdp-roars-to-64-percent-in-first-quarter-of-2021
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Offline dfwgator

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #1 on: April 29, 2021, 01:22:02 pm »
It's a Biden Miracle!

Offline skeeter

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #2 on: April 29, 2021, 01:36:39 pm »
Soaring indeed. Economies love 'soaring' gas prices and confiscatory taxation.

Offline LMAO

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #3 on: April 29, 2021, 01:47:08 pm »
I don’t think Biden realizes this but if he does nothing to the economy it could grow pretty well throughout his term

He needs to flush these tax increases and this green economy out of his mind. Especially his plan to double the capital gains tax
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Offline IsailedawayfromFR

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #4 on: April 29, 2021, 02:32:46 pm »
I don’t think Biden realizes this but if he does nothing to the economy it could grow pretty well throughout his term

He needs to flush these tax increases and this green economy out of his mind. Especially his plan to double the capital gains tax
Flush is ideal word on how his mind operates.
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Offline cato potatoe

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #5 on: April 29, 2021, 03:10:02 pm »
It's smoke and mirrors.  Over the past year, M1 has risen from 4 trillion to 19. 

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #6 on: April 29, 2021, 03:32:07 pm »
All government/media numbers are fake.
Some guy makes up a number, gives it to the media, they print it as true fact.
And there you go. That is how a fake reality is created.
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Offline catfish1957

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #7 on: April 30, 2021, 04:02:37 pm »
Wonder if our illustrous federal governemnt is going to give us correct inflationary 1Q numbers?    :silly:
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BassWrangler

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Re: GDP roars to 6.4 percent in first quarter of 2021
« Reply #8 on: April 30, 2021, 05:11:42 pm »
It's smoke and mirrors.  Over the past year, M1 has risen from 4 trillion to 19.

Indeed. Think we're headed for hyperinflation?