The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on April 29, 2021, 01:13:13 pm
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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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It's a Biden Miracle!
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Soaring indeed. Economies love 'soaring' gas prices and confiscatory taxation.
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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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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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It's smoke and mirrors. Over the past year, M1 has risen from 4 trillion to 19.
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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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Wonder if our illustrous federal governemnt is going to give us correct inflationary 1Q numbers? :silly:
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It's smoke and mirrors. Over the past year, M1 has risen from 4 trillion to 19.
Indeed. Think we're headed for hyperinflation?