Compare these numbers to trumps best year which was 2019 and these numbers still smash Trump's numbers..... The Biden economy is doing these numbers with 5.5% interest rate. Just imagine what 2025 will be when fed lowers rates and the public investment will still be ramping up. This economy will be booming out of control.... https://www.cnbc.com/2019/12/13/us-retail-sales-november-2019.html
the expectation had forecasted a 0.2% increase in retail sales. actual sales tripled that expected increase. , lack of context on your part. just that you understand. this is how econometric/business modeling operates. right off the bat, they develop models to project the inflation rate, which forms the basis for the forecasts of spending/cost/revenue and other economic variables.
Even the article, when you click through, explains that the numbers don't account for inflation. Projecting the inflation rate has nothing to do with the fact that inflation accounts for a big chunk of the reported increase in sales.
stop projecting your willful ignorance! this is as willfully stupid as your manipulation of demographics data lumping Asians and Whites as one group
Everyone predicted a recession forsure this quarter. Bloomberg pegged it at 100%. Instead were going see one of the strongest quarters in forever The us economy is literally on fire and superior to anyone and folks like yourself are just clueless like always
perhaps you can dumb down the explanation so that StupidMoniker understands what real GDP growth means
@Space Ghost "but Americans are getting poorer" lol no they're not. Median American is more filthy rich now than ever before even after taking in debt and inflation
though I've been a beneficiary of this economical cycle I strongly and continuously anticipate Hard recession with USD erosion is coming in 2024. printing money is no longer a default option, . 2 trillions interest fees on debts will be consumed from Health/service budget. A repeat of Roaring 20s to dirty 30s history in an insane very short time frame
an outgrowth of Bidenomics has led to This is the first phase of the new Tech Hubs program, which is an economic development initiative designed to drive regional innovation and job creation by strengthening a region’s capacity to manufacture, commercialize, and deploy technology that will advance American competitiveness. The program invests directly in burgeoning, high-potential U.S. regions and aims to transform them into globally competitive innovation centers. The Tech Hubs designees are: Safe and Effective Autonomous Systems Headwaters Hub – smart photonic sensor systems in MT Ocean Tech Hub – ocean robotics, sensors, and materials in RI, MA Trustworthy & Equitable Autonomous Systems Tech Hub – secure autonomous systems in OK Maintaining Our Quantum Edge Elevate Quantum Colorado – quantum information technology in CO The Bloch Tech Hub – quantum computing and communications in IL, IN, and WI Advancing Biotechnology: Drugs and Devices Advanced Pharma Manufacturing Tech Hub – active pharma ingredient manufacturing in VA ReGen Valley Tech Hub – organ and tissue biofabrication in NH iFab Tech Hub – precision fermentation and biomanufacturing in IL Kansas City Inclusive Biologics and Biomanufacturing Tech Hub– vaccine-related biologics and manufacturing in MO and KS Heartland BioWorks – biologics manufacturing in IN PRBio Tech Hub – biopharmaceutical and medical device manufacturing in Puerto Rico Advancing Biotechnology: Precision and Prediction Wisconsin Biohealth Tech Hub – personalized medicine in WI Baltimore Tech Hub – predictive healthcare in MD Birmingham Biotechnology Hub – equitable AI-driven biotechnology in AL Greater Philadelphia Region Precision Medicine Tech Hub- end to end precision medicine in PA, DE, MD, and NJ Minnesota MedTech 3.0 - smart medical technologies in MN and WI Accelerating Our Energy Transition Gulf Louisiana Offshore Wind Propeller – offshore wind and renewable energy in LA Intermountain-West Nuclear Energy Tech Hub– small modular reactors and microreactors in ID and WY SC Nexus for Advanced Resilient Energy – clean energy supply chain in SC and GA South Florida Climate Resilience Tech Hub – sustainable and climate resilient infrastructure in FL New Energy New York (NENY) Battery Tech Hub – end to end battery development and manufacturing in NY Strengthening Our Critical Minerals Supply Chain Critical Minerals and Materials for Advanced Energy (CM2AE) Tech Hub– critical mineral processing in MO Nevada Lithium Batteries and Other EV Material Loop – lithium batteries and electric vehicle materials in NV Regaining Leadership in Semiconductor Manufacturing Texoma Semiconductor Innovation Consortium – fablet-based semiconductor manufacturing in TX and OK Corvallis Microfluidics Tech Hub – microfluidics platforms in OR Advancing GaN Tech Hub – gallium nitride-based semiconductors in VT NY SMART I-Corridor Tech Hub – end-to-end semiconductor manufacturing in NY Growing the Future of Materials Manufacturing Sustainable Polymers Tech Hub – sustainable plastics and rubbers in OH Forest Bioproducts Advanced Manufacturing Tech Hub – sustainable wood biomass polymers in ME American Aerospace Materials Manufacturing Tech Hub – aerospace materials manufacturing in WA and ID Pacific Northwest Mass Timber Tech Hub– mass timber manufacturing and design in WA and OR
in a somewhat related development, Biden Directs Nvidia, the world's pre-eminent AI chip maker to Immediately Curb Chip Exports to China
Were on pace for 5.1% annualized gdp growth this quarter. I'm sorry but you're dumber than a bag of rocks if you think a recession is impending. It's so bullshit how media obsess over Republicans and their economy when the current economy is shattering every republican stat. It's unbelievable
Libertarians know that having daddy government spend other people's money is popular. No libertarian says that giving people other people's money is unpopular with the people getting the money.
