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jmowreader

(53,194 posts)

13. No, it's accounted for by rising inflation

Fri Jul 27, 2018, 08:43 AM

Jul 2018

GDP is all about money changing hands. If the price of a frammis doubles and sales don’t fall by 50 percent in response, the frammis maker gets to report increased sales to the government.

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US Second Quarter GDP Accelerates to 4.1% [View all] louis c Jul 2018 OP

some of that is offset by rising inflation NewJeffCT Jul 2018 #1

Don't forget rising grocery prices. pazzyanne Jul 2018 #3

Minus 3% inflation, the title forgot that? Like where wage growth is up 2.8% but it is not... Fred Sanders Jul 2018 #8

Headline GDP figures are "real" FBaggins Jul 2018 #76

No, it's accounted for by rising inflation jmowreader Jul 2018 #13

These are real GDP figures, meaning inflation-adjusted. Current-dollar aka nominal increased 7.4% progree Jul 2018 #46

Thanks NewJeffCT Jul 2018 #52

Not supposed to talk about gas prices that are 65 cents per gallon higher here...... Bengus81 Jul 2018 #58

Bad news for the midterms. Trust Buster Jul 2018 #2

Won't matter Loki Liesmith Jul 2018 #4

Please, a 4% GDP is spectacular. No getting around that. Trust Buster Jul 2018 #7

That's a quarterly rate louis c Jul 2018 #16

I know it's a quarterly rate. I hope next quarters figures are lower. Trust Buster Jul 2018 #19

It won't matter Loki Liesmith Jul 2018 #24

I hate to say I agree, True Dough Jul 2018 #31

"Dems are screwed..." Loki Liesmith Jul 2018 #33

As the poster stated watoos Jul 2018 #34

I think they goosed the numbers, knowing the next report will be bad. machoneman Jul 2018 #69

Hoping for the economy to get worse isn't a winning political strategy onenote Jul 2018 #63

It was for the Republicans. Trust Buster Jul 2018 #64

It's an annual rate, based on the way the second quarter proceeded. mahatmakanejeeves Jul 2018 #36

The number also reflected hording by some companies ahead of Trump's tariffs. DemocratSinceBirth Jul 2018 #44

For a year, yes. For a quarter, no. YessirAtsaFact Jul 2018 #17

+1 Half of GDP growth owed to export burst to China and inventory accumulation Snellius Jul 2018 #78

Actually, this is a low end number... yallerdawg Jul 2018 #20

They will brag about 4%. We would brag about 4% if we held power. Low end number ? Trust Buster Jul 2018 #23

Forecast was 4.4%, the Dotard dropped hint at 5. yesterday... yallerdawg Jul 2018 #28

Just for some historical perspective, Obama's GDP growth was larger in 2014 louis c Jul 2018 #29

Check out post 41 DemocratSinceBirth Jul 2018 #43

My post came in 30 minutes earlier, but I agree louis c Jul 2018 #54

louis, 3rd quarter gdp in 1992 was 3.74% DemocratSinceBirth Jul 2018 #55

I understand louis c Jul 2018 #57

IMHO elections are more about the Zeitgeist and less about this or that metric DemocratSinceBirth Jul 2018 #61

Exactly. nt SunSeeker Jul 2018 #68

it was when we held power in 2014 qazplm135 Jul 2018 #42

It won't matter Loki Liesmith Jul 2018 #21

Good not spectacular. Obama did better four years ago, and not from artificial bump. . . . nt Bernardo de La Paz Jul 2018 #38

GDP grew by 4% in 1994 DemocratSinceBirth Jul 2018 #41

Yep...thank you OBAMA for bringing us back from the brink of the Second GD for Donnie... Bengus81 Jul 2018 #60

For the biggest group of American workers, wages aren't just flat. They're falling. TomCADem Jul 2018 #77

People don't vote in mid terms because of GDP growth. Yavin4 Jul 2018 #9

GDP doesn't factor in when pocketbook issues like oil @ $70/bbl BumRushDaShow Jul 2018 #14

The laughing gas will wear off soon enough. Meanwhile . . . hatrack Jul 2018 #37

"Last time I bought a pound of generic butter - $4.25...." mahatmakanejeeves Jul 2018 #65

Where I live, near Houston Igel Jul 2018 #70

$2 for a HALF gallon of milk? TexasBushwhacker Jul 2018 #73

The 4.1% GDP rate is inflation-adjusted. The current-dollar nominal rate is 7.4% progree Jul 2018 #50

But that is the equivalent to "backroom" impact BumRushDaShow Jul 2018 #59

True - almost all of the real GDP growth for decades has gone to the upper few percent progree Jul 2018 #62

I haven't seen a cent of this hiked GDP! ck4829 Jul 2018 #39

This wont matter unless people feel it personally honest.abe Jul 2018 #53

I agree. If "it's the economy stupid" still holds, we'll have to get out even more votes. Hoyt Jul 2018 #56

'government spending' empedocles Jul 2018 #5

I don't think this is so great louis c Jul 2018 #6

Cohen story gone Watchfoxheadexplodes Jul 2018 #10

The dude is lucky. 4% is something to crow about. Trust Buster Jul 2018 #11

It's an artificial bump to beat the tariffs, but he'll crow anyway. Bernardo de La Paz Jul 2018 #26

Exactly watoos Jul 2018 #35

Wages are not going up videohead5 Jul 2018 #12

"it won't show up until the next quarter report." BumRushDaShow Jul 2018 #15

Real wages are going down. It's not pretty. And that's from still being down from 2006. Bernardo de La Paz Jul 2018 #27

fuck jodymarie aimee Jul 2018 #18

It was higher under Obama, WITHOUT inflation puffing it up. SunSeeker Jul 2018 #67

Apres moi, le deluge says King Don the Con bronxiteforever Jul 2018 #22

I mangled those lyrics in Sep 2016 Bernardo de La Paz Jul 2018 #32

Awesome +1 bronxiteforever Jul 2018 #45

LOVE that song. And nice job on the "mangled" version! Roland99 Jul 2018 #51

A lot of that bump was front-loading to beat the tariffs. . . . nt Bernardo de La Paz Jul 2018 #25

I personally have definitely contributed to this growth anarch Jul 2018 #30

Third quarter numbers will come out just before the election and Squinch Jul 2018 #40

GDP is nice to talk about but the key things on economy are... lancelyons Jul 2018 #47

Much ado about nothing DemocratSinceBirth Jul 2018 #48

This is "yuge", "yuge"!!! elmac Jul 2018 #49

It was higher under Obama, WITHOUT inflation puffing it up. SunSeeker Jul 2018 #66

Markets are unimpressed RussBLib Jul 2018 #71

It is artificial videohead5 Jul 2018 #72

Would Wilbur Ross' Commerce Dept. lie? moondust Jul 2018 #74

That's all we got for the huge tax cut??? JCMach1 Jul 2018 #75