WSJ: The Next President Inherits a Remarkable Economy

[robosmith]

WSJ: The Next President Inherits a Remarkable Economy

Even Murdoch's WSJ says US doing GREAT.

Quote

Whoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame.

With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate.

More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive.

This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. 

Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris.

So eat shit gnat girl.

[CdnFox]

58 minutes ago, robosmith said:

WSJ: The Next President Inherits a Remarkable Economy

Even Murdoch's WSJ says US doing GREAT.

So eat shit gnat girl.

That economy is 100% reliant on government spending. Remember that the people also inherited remarkable inflation as a result.

But that spending is unsustainable. You can't just keep spending more and more money forever, even as an anchor economy and currency the US will eventually suffer from that.

So the challenge for the next government will be to pull back on the throttle of government spending while at the same time looking for a soft landing for the economy. It will be no easy task

[robosmith]

21 minutes ago, CdnFox said:

That economy is 100% reliant on government spending. Remember that the people also inherited remarkable inflation as a result.

The private economy is FAR GREATER than government spending, doofus.

 

The private sector is a larger part of the US economy than government spending, but both are important for economic growth: 

 

 

• Private sector

  In the first quarter of 2023, the private sector accounted for 88% of the US GDP, or $23.5 trillion, while the government accounted for the remaining $3 trillion. Private sector spending has continued to grow in 2023, with investments in manufacturing and durable goods expanding. 

   

   
• Government spending

  In 2024, government spending is estimated to be about $2 for every $10 of goods and services produced in the US. The government funds spending through tax collection and borrowing. 

   

   
• Public investment

  Public investment can "crowd in" private investment, which can contribute to economic growth. For example, in 2024, real business investment in manufacturing structures was near a record high. 

   

   
• Government spending and employment

  Government, healthcare, and social assistance industries have accounted for nearly 60% of the country's job growth over the last year. 

The inflation was solely due to stimulus to keep the economy from COLLAPSING.

Which would have been FAR MORE COSTLY than the TEMPORARY INFLATION.

IOW, you don't know what you're talking about.

[Deluge]

1 hour ago, robosmith said:

WSJ: The Next President Inherits a Remarkable Economy

Even Murdoch's WSJ says US doing GREAT.

So eat shit gnat girl.

Wow, those globalist a$$holes even have their hooks in the WSJ. 

[CdnFox]

1 hour ago, robosmith said:

The private economy is FAR GREATER than government spending, doofus.

 

The private sector is a larger part of the US economy than government spending, but both are important for economic growth: 

 

 

• Private sector

  In the first quarter of 2023, the private sector accounted for 88% of the US GDP, or $23.5 trillion, while the government accounted for the remaining $3 trillion. Private sector spending has continued to grow in 2023, with investments in manufacturing and durable goods expanding. 

   

   
• Government spending

  In 2024, government spending is estimated to be about $2 for every $10 of goods and services produced in the US. The government funds spending through tax collection and borrowing. 

   

   
• Public investment

  Public investment can "crowd in" private investment, which can contribute to economic growth. For example, in 2024, real business investment in manufacturing structures was near a record high. 

   

   
• Government spending and employment

  Government, healthcare, and social assistance industries have accounted for nearly 60% of the country's job growth over the last year. 

The inflation was solely due to stimulus to keep the economy from COLLAPSING.

Which would have been FAR MORE COSTLY than the TEMPORARY INFLATION.

IOW, you don't know what you're talking about.

Doesn't matter about it being greater. The government spending is what heats up the economy right now. Government spending is at an all-time high and it escalated under Biden. That was intentional to create the illusion of a good economy when in reality it was being propped up by government spending.

But as I said that can't continue forever

[Nationalist]

1 hour ago, robosmith said:

WSJ: The Next President Inherits a Remarkable Economy

Even Murdoch's WSJ says US doing GREAT.

So eat shit gnat girl.

Giggle...

Inflation still rising and no common sense at the helm.

Bye bye Sally. 

[West]

Lol

[robosmith]

2 hours ago, Deluge said:

Wow, those globalist a$$holes even have their hooks in the WSJ. 

Imagine that. Everyone else is against the MAGA CULT lDIOTS.

[Legato]

10 minutes ago, West said:

Lol

Double Lol. If we get enough Lols we can make a Lolita for Robo'

[robosmith]

1 hour ago, Nationalist said:

Giggle...

Inflation still rising and no common sense at the helm.

Bye bye Sally. 

You don't know what you're talking about. Our economy is beating the shit out of Canada.

Inflation is 2.4% and gas is way down and going lower. Duh

2.4%

 

The current annual inflation rate is 2.4%, back to levels last seen in February 2021.Oct 10, 2024

 

Latest Inflation Statistics: The Prices Rising And Falling Most

Bankrate

https://www.bankrate.com › banking › federal-reserve

[Deluge]

8 minutes ago, robosmith said:

Imagine that. Everyone else is against the MAGA CULT lDIOTS.

Just the perverts, robocultist, just the perverts.  

[robosmith]

6 minutes ago, Deluge said:

Just the perverts, robocultist, just the perverts.  

Murdoch's WSJ, DELUGINAL.

[Deluge]

6 minutes ago, robosmith said:

Murdoch's WSJ, DELUGINAL.

Sellout. 

I'm sorry, pervert, but Murdoch is one of you. 

[Nationalist]

38 minutes ago, robosmith said:

You don't know what you're talking about. Our economy is beating the shit out of Canada.

Inflation is 2.4% and gas is way down and going lower. Duh

2.4%

 

The current annual inflation rate is 2.4%, back to levels last seen in February 2021.Oct 10, 2024

 

Latest Inflation Statistics: The Prices Rising And Falling Most

Bankrate

https://www.bankrate.com › banking › federal-reserve

Canada's run by King Tweenkie himself!

Man u say stoopid sh1t.

Edited October 31, 2024 by Nationalist

[robosmith]

4 hours ago, Nationalist said:

Canada's run by King Tweenkie himself!

Man u say stoopid sh1t.

Your mean he's a dictator? News to me that you have NO Parliament. LMAO 

But thanks for admitting that the US economy ROCKS!

[Hodad]

8 hours ago, Nationalist said:

Giggle...

Inflation still rising and no common sense at the helm.

Bye bye Sally. 

Do your feelings tell you that inflation is rising? 

Because, as always, the economic data says otherwise. 

You really, really don't care that you're saying stupid shit all the time. Doesn't bother you a bit. Bizarre.

[robosmith]

2 hours ago, Hodad said:

Do your feelings tell you that inflation is rising? 

Because, as always, the economic data says otherwise. 

You really, really don't care that you're saying stupid shit all the time. Doesn't bother you a bit. Bizarre.

He's probably being paid to shit post. Or he's really drunk again.

[Michael Hardner]

15 hours ago, Deluge said:

Wow, those globalist a$$holes even have their hooks in the WSJ. 

Rupert Murdoch is a globalist immigrant, fyi.

[Michael Hardner]

Also to point out, inflation may be down and the stock market up but high prices are already locked in.  Have wages kept up?  I doubt it.

[Hodad]

2 hours ago, Michael Hardner said:

Also to point out, inflation may be down and the stock market up but high prices are already locked in.  Have wages kept up?  I doubt it.

They have, actually. During peak inflation obviously there was a period of many months when wages weren't keeping up, but, if you look at the last couple of years, wages have grown faster. Or if you look at a 5 year view, wages have grown faster. Net-net we're ahead.

I have posted the primary data here before, but I'm mobile and don't have it handy. Here's a BI article. 

https://www.businessinsider.com/wages-outpace-inflation-consumer-sentiment-high-prices-2024-7

 

We have a misinformation problem and a psychology problem, but not really an economic problem. 

Edited November 1, 2024 by Hodad

[Nationalist]

10 hours ago, robosmith said:

Your mean he's a dictator? News to me that you have NO Parliament. LMAO 

But thanks for admitting that the US economy ROCKS!

I didn't admit squat...Sally.

[Nationalist]

8 hours ago, Hodad said:

Do your feelings tell you that inflation is rising? 

Because, as always, the economic data says otherwise. 

You really, really don't care that you're saying stupid shit all the time. Doesn't bother you a bit. Bizarre.

No. The fact that as of Thursday, inflation is still rising at over 2%.

You either don't know how to read, or you're lying...again.

Which is it?

[Hodad]

44 minutes ago, Nationalist said:

No. The fact that as of Thursday, inflation is still rising at over 2%.

You either don't know how to read, or you're lying...again.

Which is it?

I know you're not going to understand this, but the definition of inflation is already inclusive of an upward change in prices. That's baked in. The "inflation rate" as the name indicates, measures the RATE of that change. 

If inflation is 2% one month and 1% the next month, then inflation is falling. (This is what's been happening for quite some time.)

If inflation is is 2% one month and 2% the next month, then inflation is steady. 

If inflation is 2% one month and 3% the next month, inflation is rising. <-- this is the claim you made, and it's false. 

 

We ALWAYS want some inflation. 2% is the target and we're nearly there now. If we were to actually flip to a deflationary period in which prices are falling (which you mistake for falling inflation) then we'd be all-hands-on-deck for a real economic crisis. 

Inflation can be annoying or even painful, but we want it (at manageable levels) because a deflationary spiral is a fast track to extreme recession or depression. 

[Deluge]

4 hours ago, Michael Hardner said:

Rupert Murdoch is a globalist immigrant, fyi.

He might be an alien. 

[Michael Hardner]

1 hour ago, Hodad said:

They have, actually. During peak inflation obviously there was a period of many months when wages weren't keeping up, but, if you look at the last couple of years, wages have grown faster. Or if you look at a 5 year view, wages have grown faster. Net-net we're ahead.

I have posted the primary data here before, but I'm mobile and don't have it handy. Here's a BI article. 

https://www.businessinsider.com/wages-outpace-inflation-consumer-sentiment-high-prices-2024-7

 

We have a misinformation problem and a psychology problem, but not really an economic problem. 

I have seen different sources and they differ - this link works but is firewalled.  I'd also wonder if the wage traction applies to the bottom 1, 2, or 3 quintiles.