On Wednesday, February 7, 2024 at 11:33:02 AM UTC-5, Lee wrote:
NoBody wrote:
On Tue, 06 Feb 2024 16:31:16 +0000, "Lee" <cle...@gmail.com> wrote:
NoBody wrote:wrote: >>
On Mon, 05 Feb 2024 17:02:09 +0000, "Lee" <cle...@gmail.com>
https://www.foxbusiness.com/economy/us-gdp-economy-fourth-quarter-20 >>>>>>>>>> 23 >> > >> >> > >> >> >>NoBody wrote:wrote: >>
On Fri, 02 Feb 2024 17:20:00 +0000, "Lee" <cle...@gmail.com>
NoBody wrote:wrote: >>
On Mon, 29 Jan 2024 16:23:50 +0000, "Lee" <cle...@gmail.com>
US economy grew faster than
expected during the 4th quarter
January 25, 2024
Gross domestic product, the
broadest measure of goods and
services produced across the
economy, grew by 3.3% on an
annualized basis in the three-
month period from October
through December, the Commerce
Department said in its first
reading of the data Thursday.
That is far higher than the 2%
increase forecast by Refinitiv
economists, although it marks
a notable drop from the rapid
4.9% pace seen during the third
quarter.
"GDP has four cylinders, and
the fourth quarter fired on
them all," said Robert Frick,
corporate economist with Navy
Federal Credit Union.
"Pundits are already saying
this will be as good as it
gets, but then again, most
were predicting a recession
last year that never came."
November >> >> 2022 >> to November 2023, with credit card debt as theMeanwhile during this "booming economy"
"
Overall, U.S. household debt increased by 4.8% from
highest >> >> increase at >> 16.6%.
debt >> for >> holiday shopping in 2023.Around a third of Americans said they expected to go into
If only Trump was president!
Oh, wait.........
Oh look Lying Lee is changing the topic.....again.
Huh?
YOU raised the issue of holiday spending!
It was a small part included in the overarching subject
People have been overspending during
the holidays for CENTURIES. Tell us what
you think that has to do with Biden.
Read the quote again and get back to me.
Even you cannot explain your
diversion into holiday credit
card spending.
Not only can NoBody not explain his diversion attempt, he can't
even substantiate that *anyone* (other than himself) claimed it.
On 2/7/2024 8:41 AM, -hh wrote:
On Wednesday, February 7, 2024 at 11:33:02 AM UTC-5, Lee wrote:
NoBody wrote:
On Tue, 06 Feb 2024 16:31:16 +0000, "Lee" <cle...@gmail.com> wrote:
NoBody wrote:wrote: >>
On Mon, 05 Feb 2024 17:02:09 +0000, "Lee" <cle...@gmail.com>
https://www.foxbusiness.com/economy/us-gdp-economy-fourth-quarter-20 >>>>>>>>>> 23 >> > >> >> > >> >> >>NoBody wrote:wrote: >>
On Fri, 02 Feb 2024 17:20:00 +0000, "Lee" <cle...@gmail.com>
NoBody wrote:
On Mon, 29 Jan 2024 16:23:50 +0000, "Lee" <cle...@gmail.com> >>>>>>> wrote: >>
US economy grew faster than
expected during the 4th quarter
January 25, 2024
Gross domestic product, the
broadest measure of goods and
services produced across the
economy, grew by 3.3% on an
annualized basis in the three-
month period from October
through December, the Commerce
Department said in its first
reading of the data Thursday.
That is far higher than the 2%
increase forecast by Refinitiv
economists, although it marks
a notable drop from the rapid
4.9% pace seen during the third
quarter.
"GDP has four cylinders, and
the fourth quarter fired on
them all," said Robert Frick,
corporate economist with Navy
Federal Credit Union.
"Pundits are already saying
this will be as good as it
gets, but then again, most
were predicting a recession
last year that never came."
November >> >> 2022 >> to November 2023, with credit card debt as theMeanwhile during this "booming economy"
"
Overall, U.S. household debt increased by 4.8% from
highest >> >> increase at >> 16.6%.
debt >> for >> holiday shopping in 2023.Around a third of Americans said they expected to go into
If only Trump was president!
Oh, wait.........
Oh look Lying Lee is changing the topic.....again.
Huh?
YOU raised the issue of holiday spending!
It was a small part included in the overarching subject
People have been overspending during
the holidays for CENTURIES. Tell us what
you think that has to do with Biden.
Read the quote again and get back to me.
Even you cannot explain your
diversion into holiday credit
card spending.
Not only can NoBody not explain his diversion attempt, he can't
even substantiate that *anyone* (other than himself) claimed it.
Credit card debt *always* increases in the leadup to the holidays. It's normal.
As far as a general non-holiday-related rise in credit card debt, there are two
plausible explanations:
1. people have confidence in the continued strength of the economy,
particularly regarding their own continued employment, so they are buying
more stuff with credit cards because they are confident they will be able
to make the payments
2. people are increasingly having to use credit cards to buy so-called
"necessities" in order to "survive"
Kremlin Girl / Bit of Nothingness contends, on the basis of absolutely no evidence, that it is #2. Given the documented growth in GDP and employment, I am
quite certain it is #1.
In article <_OOwN.336284$c3Ea.112395@fx10.iad>, lb@cap.con says...
On 2/7/2024 8:41 AM, -hh wrote:
On Wednesday, February 7, 2024 at 11:33:02Â AM UTC-5, Lee wrote:
NoBody wrote:
On Tue, 06 Feb 2024 16:31:16 +0000, "Lee" <cle...@gmail.com> wrote:
NoBody wrote:wrote: >>
On Mon, 05 Feb 2024 17:02:09 +0000, "Lee" <cle...@gmail.com>
https://www.foxbusiness.com/economy/us-gdp-economy-fourth-quarter-20 >>>>>>>>>>>> 23 >> > >> >> > >> >> >>NoBody wrote:wrote: >>
On Fri, 02 Feb 2024 17:20:00 +0000, "Lee" <cle...@gmail.com>
NoBody wrote:
On Mon, 29 Jan 2024 16:23:50 +0000, "Lee" <cle...@gmail.com> >>>>>>>>> wrote: >>
US economy grew faster than
expected during the 4th quarter
January 25, 2024
Gross domestic product, the
broadest measure of goods and
services produced across the
economy, grew by 3.3% on an
annualized basis in the three-
month period from October
through December, the Commerce
Department said in its first
reading of the data Thursday.
That is far higher than the 2%
increase forecast by Refinitiv
economists, although it marks
a notable drop from the rapid
4.9% pace seen during the third
quarter.
"GDP has four cylinders, and
the fourth quarter fired on
them all," said Robert Frick,
corporate economist with Navy
Federal Credit Union.
"Pundits are already saying
this will be as good as it
gets, but then again, most
were predicting a recession
last year that never came."
November >> >> 2022 >> to November 2023, with credit card debt as the >>>>> highest >> >> increase at >> 16.6%.Meanwhile during this "booming economy"
"
Overall, U.S. household debt increased by 4.8% from
debt >> for >> holiday shopping in 2023.Around a third of Americans said they expected to go into
If only Trump was president!
Oh, wait.........
Oh look Lying Lee is changing the topic.....again.
Huh?
YOU raised the issue of holiday spending!
It was a small part included in the overarching subject
People have been overspending during
the holidays for CENTURIES. Tell us what
you think that has to do with Biden.
Read the quote again and get back to me.
Even you cannot explain your
diversion into holiday credit
card spending.
Not only can NoBody not explain his diversion attempt, he can't
even substantiate that *anyone* (other than himself) claimed it.
Credit card debt *always* increases in the leadup to the holidays. It's normal.
As far as a general non-holiday-related rise in credit card debt, there are two
plausible explanations:
1. people have confidence in the continued strength of the economy,
particularly regarding their own continued employment, so they are buying
more stuff with credit cards because they are confident they will be able
to make the payments
2. people are increasingly having to use credit cards to buy so-called >> "necessities" in order to "survive"
Kremlin Girl / Bit of Nothingness contends, on the basis of absolutely no
evidence, that it is #2. Given the documented growth in GDP and employment, I am
quite certain it is #1.
It's number 2 thanks to the lefts [sic] policy's [sic].
Egg went up to 6.48 from 2.68 last week.
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