To: locogringo who wrote (338166) | 3/3/2022 11:40:22 AM | From: FJB | | | thegatewaypundit.com
BIDEN ECONOMY: Leading Independent Economic Indicators Show GDP Is Contracting - US in Early Stages of Recession Joe Hoft 2-3 minutes
The Biden economy is a mess. Economic results from a leading business information company show Biden’s economy (GDP) is actually contracting and likely in the early stages of a recession. At his State of the Union speech on Tuesday, Joe Biden spoke of his desire to “keep the economy going strong”:
Great to work for a president who believes in every worker—“We are also going to cut costs to keep the economy going strong and give workers a fair shot, provide more training and apprenticeships, hire them based on skills not just their degrees.” — President Biden SOTU pic.twitter.com/krVatvPS7f
— Chike Aguh (@CRAguh) March 2, 2022
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Biden’s statement assumed that the economy is currently “going strong.”
A report that same day from leading economic and business information services firm IHS Markit contradicted this contention, and instead showed that the US economy’s Gross Domestic Product contracted slightly from Oct. 2021 to Jan. 2022:
The narrative at IHS’s March 1 report indicates that “The level of monthly GDP in January was 0.7% below the fourth-quarter average at an annual rate.”
The GDP in January is less than October’s GDP. In the last seven months, the GDP has decreased from the prior months three times. The GDP in the last three months has decreased twice from prior months.
The firm’s narrative predicts that the first-quarter 2022 GDP will come in at an annualized 1.0 percent. However, even that dismal forecast depends on the economy turning around and growing by a non-annualized 0.4 percent (5 percent annualized) in both February and March.
It’s important to note that IHS’s results are subject to revision. That said, the three-month stall-out seen above makes it reasonable to believe that the firm’s predicted February and March results won’t materialize and that the economy is already in the early stages of a recession. |
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To: locogringo who wrote (338166) | 3/3/2022 11:42:41 AM | From: FJB | | | CADAVER JOE WILL HAVE US STARVING SOON.
China has banned phosphate/urea exports until June 2022.
Russia banned exports of nitrogen fertilizer until June 2022.
Looks like Potash will go offline for the #2 and #3 producer via sanctions.
This has never happened in a globalized world dependent on modern agriculture.
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To: FJB who wrote (338154) | 3/3/2022 11:46:54 AM | From: golfer72 | | | Safe school LOL! What BS. Masks dont work and forcing kids to wear them is child abuse. Look at the maskholes wearing them outside LOL! What a bunch of dumbsh!ts |
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To: FJB who wrote (338143) | 3/3/2022 11:49:07 AM | From: locogringo | | | How is it possible for bumbling Biden to make so many mistakes in the borrrring speech and forget so much if he's reading the dopey speech? The moron has NO memory so he can't ad-lib. What a worthless POS idiot. |
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To: FJB who wrote (338165) | 3/3/2022 11:52:10 AM | From: locogringo | | | The January 6 committee’s ‘sham filing’ is ‘designed to generate headlines’
The idiots are running out of time. They have to destroy Trump in 9 months. That illegal committee is going bye-bye next January. Their big problems:
1. Nobody cares.
2. It's all fake.
3. Nobody cares. |
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To: locogringo who wrote (338176) | 3/3/2022 12:05:28 PM | From: FJB | | | DEMORATS PLANT PEOPLE INSIDE THE GOP. LOOK AT BUSH, RYAN, MCCONNELL, CHENEY, ROMNEY AND HUNDREDS OF OTHERS...
A handful of Republicans in the Virginia House of Delegates and Senate are thwarting Gov. Glenn Youngkin’s campaign promises.
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To: Sr K who wrote (338110) | 3/3/2022 12:13:13 PM | From: Honey_Bee | | | No, that isn't news.
That is a bunch of BS that repeats the same claim that "Trump MAY HAVE" committed some kind of imaginary illegality in every short paragraph!
It is an embarrassment to the WSJ - turning it into just another Democrat-Rag! |
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