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The Biden Recession Thread
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<blockquote data-quote="Thebrownblob" data-source="post: 5503092" data-attributes="member: 60485"><p>Government spending is being counted as GDP and CPI is being calculated on just one year and does not include food, energy, or housing.</p><p></p><ul> <li data-xf-list-type="ul">Personal consumption accounted for 1.42% - or half - of the bottom line 2.880% GDP number; this was below last quarter's 1.54% and came in below expectations; on an annualized basis PCE was 2.1%, <strong>well below the 2.9% expected, and down from 2.3% in Q3.</strong></li> </ul></blockquote><p></p>
[QUOTE="Thebrownblob, post: 5503092, member: 60485"] Government spending is being counted as GDP and CPI is being calculated on just one year and does not include food, energy, or housing. [LIST] [*]Personal consumption accounted for 1.42% - or half - of the bottom line 2.880% GDP number; this was below last quarter's 1.54% and came in below expectations; on an annualized basis PCE was 2.1%, [B]well below the 2.9% expected, and down from 2.3% in Q3.[/B] [/LIST] [/QUOTE]
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