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re: -0.3% 1st Quarter GDP

Posted on 4/30/25 at 9:51 am to
Posted by ronricks
Member since Mar 2021
12019 posts
Posted on 4/30/25 at 9:51 am to
quote:

You idiots on the money board claimed hes not playong politics now this


The flip flopping on the tariffs is what is keeping Powell from cutting rates. That's on your hero Trump. The uncertainty is going to continue to negatively impact stock market and potential rate cuts. This is level 0 type stuff. The problem isn't Powell its the chaos that Trump brings because he cant ever keep his mouth shut or stick to a script.
Posted by FLTech
he/won
Member since Sep 2017
28097 posts
Posted on 4/30/25 at 9:51 am to
We are ALL going to die!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by CAD703X
Liberty Island
Member since Jul 2008
93153 posts
Posted on 4/30/25 at 9:52 am to
yep things were PERFECT before he got into office. too bad your girl kamala didn't win because america would be a utopia right now.
Posted by Tigerfan1274
Member since May 2019
4641 posts
Posted on 4/30/25 at 9:53 am to
quote:

Energy is unleashed


Energy doesn't get unleashed in a recession. Prices drop, exploration is limited, and production is shut in.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 4/30/25 at 9:54 am to
Trumponomics in full effect.

It's basically bidenonmics with more chaos.
Posted by Sweep Da Leg
Member since Sep 2013
3383 posts
Posted on 4/30/25 at 9:54 am to
quote:

Cutting government spending can reduce GDP


It reduces X2 as well which is bullshite. They count the salary and then the government spending to double their value. So it’s either a double positive or a double negative for gdp. Retarded
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97721 posts
Posted on 4/30/25 at 9:54 am to
quote:

The flip flopping on the tariffs is what is keeping Powell from cutting rates


Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 4/30/25 at 9:54 am to
Posted by Sweep Da Leg
Member since Sep 2013
3383 posts
Posted on 4/30/25 at 10:03 am to
You keep posting this bullshite as if it wasn’t expected or that Trump himself didn’t say it was expected.
I get it you probably sell a bunch of temu shite online and it’s hurting your bottom line but quit being so disingenuous or intellectually dishonest. You have completely lost your mind the last few months
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97721 posts
Posted on 4/30/25 at 10:05 am to
quote:

You keep posting this bullshite as if it wasn’t expected or that Trump himself didn’t say it was expected.


Dudes become one of the worst Panicans ever
Posted by CAD703X
Liberty Island
Member since Jul 2008
93153 posts
Posted on 4/30/25 at 10:05 am to
what happened to you?
Posted by wareaglepete
Union of Soviet Auburn Republics
Member since Dec 2012
18465 posts
Posted on 4/30/25 at 10:07 am to
While there was an overall small decrease due to trade, and that is bad, consumer spending and investments grew by 3%. While a decrease in GDP is not good, there are signs pointing to growth ahead if the tariff situation is worked out.
Posted by mmcgrath
Indianapolis
Member since Feb 2010
37329 posts
Posted on 4/30/25 at 10:09 am to
The Q1 numbers were due to a huge bump in imports ahead of tariffs. It should only be reasonable to expect the opposite effect post tariffs.
Bottom line: Q1 isn't as bad as it looks, and Q2 will look better than it is.

If we make a bunch of trade deals before the 90 day pause is up, adjusting interest rates will be totally unnecessary. If not...
Posted by JimEverett
Member since May 2020
2357 posts
Posted on 4/30/25 at 10:10 am to
Can someone explain this to me?

how does stocking up on foreign imports hurt GDP?
Posted by Fells
Member since Jul 2015
4361 posts
Posted on 4/30/25 at 10:14 am to
quote:

Could it possibly be that the problem isn't Powell but Trump himself for continually appointing these people?


I am so stoked for Trump to replace JP with Hulk Hogan.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138530 posts
Posted on 4/30/25 at 10:18 am to
quote:

Not good. Recession imminent by July.
I don't know that I'd go that far. But it does make Powell and the FOMC look like "real geniuses" in keeping rates above target. Doesn't it though?
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138530 posts
Posted on 4/30/25 at 10:23 am to
quote:

He should have cut rates when Trump told him to a few months ago. But he decided to go on TV and throw a hissy fit instead. Great job Jerome!
"Inflation is always and everywhere a monetary phenomenon"
-- Milton Friedman

"Tariffs are inflationary"
-- Jerome Powell
Posted by mwade91383
Washington DC
Member since Mar 2010
7847 posts
Posted on 4/30/25 at 10:24 am to
quote:

because the last president was completely incompetent, passed EOs out of spite, destroyed a working econom


The irony

Posted by Jwho77
cyperspace
Member since Sep 2003
84286 posts
Posted on 4/30/25 at 10:32 am to
quote:

quote:
Not good. Recession imminent by July.

I don't know that I'd go that far. But it does make Powell and the FOMC look like "real geniuses" in keeping rates above target. Doesn't it though?


You mean the bunch that ignores Truflation and always reacts 6 months late?
Posted by JimEverett
Member since May 2020
2357 posts
Posted on 4/30/25 at 10:40 am to
I think I figured it out by myself - it takes me a little while

Buying foreign products and having them sit in a warehouse means a negative on GDP, as money is lost (going overseas). But once these items are sold it will result in positive numbers for GDP - a gain of the initial purchase plus any profit.
That makes sense.
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