287

Yep. The truth in the voting booth GDP has no effect at all. While it means something to businesses and financial institutions, the average individual who sees their expenses going up and their income and investments not keeping up, could not care less about the quarterly GDP.

288

how else do lose 100k in an IRA in a year when the market is way up.

Allan

289

i disagree, if the country was in a recession and the GDP was falling.

the GOP would have that little fact front and center and rightly so.

since it is not it is a non factor according to trumpies.

Allan

290

I’m gonna guess you have a lot of gold?

291

:roll_eyes:

292

But the country wasn’t and isn’t in a recession. Your disagreement isn’t pertinent.

293

Why would you think that? What’s with all this wild speculation about my IRA investment? I already told you what it’s comprised of.

294

That is correct.
I also believe the country was not and is not in a recession.

I believe the GDP is temporarily buoyed up by smoke and mirrors.
(should I use my farmer eating out of a truck analogy again?)

There are some who believe we are in a recession though.
I don’t know the exact count but it is probably at least 368,000 people.
(Blue line is official end of COVID lockdowns.)

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303

This is a 5-year chart of the S&P index

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This is a 5-year chart of the QQQ (which is tech-heavy, but not exclusively tech.)

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Most people invest via these major indexes
(more into large companies less into small) so
→ if they invested in the some way that allows them to take advantage of the 7 large companies that are doing most of upward movement,
→ then despite 2 years of moving sideways, the stock portion of most people’s portfolios is up about 55-62%, and they are happy.

It gets a lot more complicated beyond that.

  • “What if they invested in this sector or that sector?”
  • “What does this mean about stocks overall, like, if we measure without favoring the big 7”
  • “What about earnings? History shows it the earnings aren’t there . . .”
  • etc.

But keeping it simple, most people did well in stocks despite the 2-year doldrum.

305

As always, the numbers will be revised downward to something approaching semi-accuracy within a month or so. As a matter of course there will be no fanfare with the corrected numbers.

306

80% of 25 to 54 year olds are employed.

Allan

307

And what percentage of them are saving adequately for their retirement?

308

Wait what!!! GDP for 4th quarter revised up to 3.4%??? But how can that be. Many here say that it’s always revised down. How can this be???

https://www.marketwatch.com/story/gdp-in-fourth-quarter-raised-to-3-4-21d6cdda

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309

I don’t understand. GDP was revised up. How do you explain this?

https://www.ft.com/content/e19c64fe-6661-4f10-bde6-6cb4a5e97667

You weren’t wrong and talking about things you don’t understand were you?

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310

Oh look blind squirrel found an acorn.

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311

It’s a thread on 4th quarter GDP. It was revised up. People here claimed with a great deal of confidence that it would be revised down. I’m adding information. What information would you like to contribute to the thread about 4th quarter GDP? To help the discussion.

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312

I replied to your post and gave my opinion. Do want to continue down that road with me?

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313

You talked about squirrels and acorns. What do you think about 4th quarter GDP?

314

Oh goody now do payrolls (employment)

What are the odds that it gets revised downward 11out 13 times?
Pretty small right?

some guy on Twitter claims that’s what happened

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315

If you don’t understand the reference just say it. I would bet 99% of people on here do understand what I said.