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Oculus Spirit [97935]
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All-In [27471]
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I thought it was because smart people were buying silver.***
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Oct 26, 2023, 2:54 PM
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All-In [47913]
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lmao***
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Oct 26, 2023, 2:55 PM
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All-TigerNet [11254]
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Tay-Tay for Prez?***
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Oct 26, 2023, 3:13 PM
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110%er [7270]
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She can be Dolly Parton's VP***
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Oct 26, 2023, 3:49 PM
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All-In [27471]
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I would vote for Dolly in a heartbeat. She's an angel.***
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Oct 26, 2023, 3:49 PM
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Oculus Spirit [81387]
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Both an Unlikely and Mountain angel***
Oct 26, 2023, 4:25 PM
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All-TigerNet [13290]
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That's a sign of a strong economy***
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Oct 26, 2023, 4:10 PM
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Letterman [288]
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That and other quality and critical jobs
Oct 26, 2023, 4:45 PM
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like internet influencers are boosting GDP. This bodes well for the future.
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All-TigerNet [11012]
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GDP is way up because the feds printed up over $100 B and gave
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Oct 26, 2023, 5:19 PM
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it directly to defense contractors who show that as new revenue. It's a shell game.
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Legend [17407]
TigerPulse: 100%
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Manufacturing is also up from according to more extensive articles.***
Oct 26, 2023, 6:21 PM
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All-TigerNet [11012]
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Fake. See above.***
Oct 26, 2023, 6:47 PM
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Oculus Spirit [97935]
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110%er [7291]
TigerPulse: 96%
Posts: 9835
Joined: 10/6/21
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Re: GDP way up because of......
Oct 26, 2023, 9:19 PM
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The economy is always stimulated when lots of money gets printed.
Increase the money supply = more consumer spending = more economic activity.
Shortly before the COVID relief bill passed, there was ~ $1 T in credit card debt. After Covid relief bill was passed, consumers paid down their credit card debt; credit card debt declined to ~ $400 B. Consumers started spending again; now credit card debt is again in the $1T range.
Of course, keeping the GDP high this way means that the increase in the money supply will exceed the rate of GDP growth. This is the basis for high inflation.
The high wire balancing act of propping up the GDP by increasing the money supply to levels that exceed the productivity in the American economy can’t last forever. Selected segments of the economy are doing very well (defense industry and pharma being among them, since govt spending is the foundation for their strength even when the overall economy isn’t especially strong; consumer staples remain strong because even those people that don’t have the earning power to stay ahead of inflation still have the means to buy food -&- load up on more credit card debt to pay for necessities).
When the Fed starts lowering interest rates again, the banks and small demographic of wealthy people will make a killing in both real estate and in their investments. The lower middle class, on the other hand, will be murdered by inflation, their credit cards will be maxed out, and then consumer spending will collapse. GDP will collapse along with the collapse in consumer spending.
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