Good News? 4th Quarter GDP up 3.3%

[Guilds]

@Smyrna

I wonder if this time, their numbers can be believed?

Do you ever believe numbers (or anything) coming from the deep state… AKA The Bureau of Economic Analysis?

[Samm]

@Snowfinch

@Samm

Okay, my apology … you are not celebrating. But in effect you are rationalizing that a growth rate of 3.3% is good following a growth rate of 4.9% the previous quarter. If it is 2% in the next quarter, and 1% in the next after that, the trend is not good.

No. I am simply rejecting your misuse of the measure. Without regard to the qualitative implications.

It may be good/bad/inconsequential, but “+3%” has specific meaning inconsistent with the “math” that you were applying.

Specifically this bit:

@Samm

No, it is not “up” 3.3%, it is simply 3.3%. That is down 33% from the 3rd quarter. If it were up 3.3%, it would be 5.1%

There is nothing mathematically wrong with “that bit.”

[WuWei]

@Snowfinch

@WuWei

+3% means it was 1% and now it’s 4%.

What’s “it”.

What ever was 3%.

[WuWei]

What does the Good Lord have to do with this?

[Ben_Natuf]

overall, yes. compared to the “basket off goods”. That does not however take into effect increased prices in specific sectors, like health care. The increased sending on health care is not due to people getting more of it, its due to them paying more for it (mostly). And healthcare spending was the #1 driving force behind the increase.

[Snowfinch]

@Samm

There is nothing mathematically wrong with “that bit.”

Try writing it down. Maintaining a consistent meaning of q3 GDP growth, q4 growth, and “it”. Your math makes a switcheroo and is logically inconsistent.

[Samm]

@Snowfinch

@Samm

There is nothing mathematically wrong with “that bit.”

Try writing it down. Maintaining a consistent meaning of q3 GDP growth, q4 growth, and “it”. Your math makes a switcheroo and is logically inconsistent.

Maybe you should do the same. In the 3rd quarter the growth rate was 4.9%. In the 4th quarter the growth rate was 3.%. From 3rd quarter to 4th quarter, the growth was not “up,” it was “down.”

[Adam]

@WuWei

What does the Good Lord have to do with this?

Wow you are bored.

[Snowfinch]

@Samm

Maybe you should do the same. In the 3rd quarter the growth rate was 4.9%. In the 4th quarter the growth rate was 3.%. From 3rd quarter to 4th quarter, the growth was not “up,” it was “down.”

Where does “growth rate” come from. “It” is GDP. The switcheroo.

For reference:

@Samm

Your thread title is wrong. The 4th quarter GDP is not up 3.3%, it’s down 32.65%.

[WuWei]

Wow you are blasphemous, even for a non-believer.

[Adam]

@WuWei

Wow you are blasphemous, even for a non-believer.

Go back to pretending you’re a mod. And stay on topic.

[WuWei]

Stop blaspheming

[Adam]

@WuWei

Stop blaspheming

Stop getting triggered.

[WuWei]

Can’t do it, not about that. Since you’re a non-believer, He’s not yours to invoke. Get His name out your mouth.

[Samm]

@Snowfinch

@Samm

Maybe you should do the same. In the 3rd quarter the growth rate was 4.9%. In the 4th quarter the growth rate was 3.%. From 3rd quarter to 4th quarter, the growth was not “up,” it was “down.”

Where does “growth rate” come from. “It” is GDP. The switcheroo.

For reference:

@Samm

Your thread title is wrong. The 4th quarter GDP is not up 3.3%, it’s down 32.65%.

That is correct. The growth rate of 3.3% is 33.65% less than the growth rate of 4.9%.

[Adam]

@WuWei

Can’t do it, not about that. Since you’re a non-believer, He’s not yours to invoke. Get His name out your mouth.

But if others are triggered by things you want them to stop being snowflakes/critprogs/hypocrites/Karen’s…suck it up buttercup. Be a man.

[Adam]

@WuWei

Can’t do it, not about that. Since you’re a non-believer, He’s not yours to invoke. Get His name out your mouth.

And for the record…I love Jesus. You don’t get to tell me anything. And you sure as hell can’t tell me what I can or can’t say. Jesus.

[Snowfinch]

@Samm

That is correct. The growth rate of 3.3% is 33.65% less than the growth rate of 4.9%.

No “That” is not correct. Because that is not what you said. You said:

@Samm

Your thread title is wrong. The 4th quarter GDP is not up 3.3%, it’s down 32.65%.

Now you are revising the terminology . Correcting what was not correct.

[Samm]

@Snowfinch

@Samm

That is correct. The growth rate of 3.3% is 33.65% less than the growth rate of 4.9%.

No “That” is not correct. Because that is not what you said. You said:

@Samm

Your thread title is wrong. The 4th quarter GDP is not up 3.3%, it’s down 32.65%.

Now you are revising the terminology . Correcting what was not correct.

I am not. All I did there was to clarify the terminology. The math is unchanged.

[Snowfinch]

@Samm

I am not. All I did there was to clarify the terminology. The math is unchanged.

“GDP” to “GDP growth rate” is not a clarification it is an alteration.

And +3.3% refers to the former.