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| Economy |
| GDP Q3 up 2.6% |
| 2022-10-29 |
| [BEAgov] This was right in line with what the GDPNow, a product of the Atlanta Fed, was saying It is difficult for the Democrats to use this because it comes from the same source as had the USA with two negative quarters. Looking at the internals, there were some oddities, e.g., a big increase in exports (probably the result of currency flux) and a big increase in Gov spending (the hurry up and spend it before the fiscal year is over type perhaps) |
| Posted by:Lord Garth |
| #4 "Unexpectedly" revised down. Most likely down to 1.2% or so. |
| Posted by: DarthVader 2022-10-29 14:03 |
| #3 The internals were odd indeed. It will get revised down next month. Games Democrats Play. |
| Posted by: Shesh Jaque5150 2022-10-29 13:21 |
| #2 ^ Because our energy policy is completely incoherent? |
| Posted by: Matt 2022-10-29 12:35 |
| #1 The internals were odd indeed. The surge in exports, which accounted for most of the growth, was particularly puzzling. The US dollar has risen sharply against most currencies, making our exports more expensive to other countries and their exports to us cheaper. Normally our exports should decline and our imports increase. But the opposite occurred, for reasons I can't figure out. One interesting factoid in the Commerce Department release was the increase in oil exports. Why in the world are we exporting oil when we have a shortage here that is driving up gasoline and heating costs??? |
| Posted by: Tom 2022-10-29 11:52 |