We know the people living in GAZA will not. And we know the American people have a million fewer jobs over the last year than they did in an economic climate that is ruining the value of the dollar. Down it is against the Euro by more than 10% over the last year. Yet people continue to embrace the orange.
We would be better off with European bank accounts. The idiot arrogant psychopath billionaire class is running things into the ground.
But it seems the American reaction remains.
this way.Quote"While worries surrounding the jobs market, tariffs and inflation continue to swirl, the economy continues to defy its doubters by chugging higher," said Bret Kenwell, U.S. investment and options analyst at eToro, in an email.
Exports grew at an 8.8% rate, while imports, which subtract from GDP, fell another 4.7%.
Investment and options analyst, no bias there.
The claim of consumer spending is a neat trick. The second highlight is perhaps closer to the truth.
A jump in Net Exports (exports up 8.8%, imports down 4.7%). In technical terms, this is a massive boost to GDP because of how the formula works:
GDP=C+I+G+(X−M)
Where X is exports and M is imports. When imports drop, the GDP number "chugs higher," However, for a regular person. A drop in imports can just mean higher prices or a sign that people can no longer afford to buy things from China. It's a "strong" number that can mask a weakened consumer.
And could it be that having to spend more drove an increase in what consumers spent. If so that data can be twisted to make shit shine.