Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by alexb_ on Thursday October 26, 2023 @09:51AM
(#38025540)
4.9% is inflation adjusted. God, don't any of you RTFA anymore?
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by jurgenaut23 on Thursday October 26, 2023 @09:55AM
(#38025595)
Ouch, that hurts. But indeed, that shows that most people have the attention span of a gold fish.
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by alexb_ on Thursday October 26, 2023 @10:00AM
(#38025669)
It's astonishing how nearly every single comment below this type of thing is "well inflation is up so this number isn't real". Nearly everything, on every platform. People don't want to believe the economy can possibly be good.
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by coliveira on Thursday October 26, 2023 @10:04AM
(#38025739)
Official inflation figures might be misleading and designed to mask the real impact of inflation. So it makes sense to ask if this "inflation adjusted growth" is real or not.
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by coliveira on Thursday October 26, 2023 @10:03AM
(#38025710)
Adjusted by what? Official inflation figures. Look at official inflation and they restrict the measurement to items that are probably less than half of what the average person needs to buy. So inflation adjusted GPD is really misleading in times of high inflation. We might be close to zero growth and the official statistics would still show economic growth.
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by gruez on Thursday October 26, 2023 @10:15AM
(#38025894)
>Adjusted by what? Official inflation figures. Look at official inflation and they restrict the measurement to items that are probably less than half of what the average person needs to buy.
Here's the basket that the bls uses for cpi: https://www.bls.gov/cpi/tables/relative-importance/2022.htm
What specific issues do you have with it?
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by SantalBlush on Thursday October 26, 2023 @09:59AM
(#38025662)
A lot of users just chime in to brandish their pitchforks after reading the headline. I hope that is changing, because some of the discussion can be pretty good.
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by ModernMech on Thursday October 26, 2023 @09:55AM
(#38025591)
Did anyone ever?
Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by willcipriano on Thursday October 26, 2023 @10:04AM
(#38025727)
It's not inflation adjusted. It's GDP Price Deflator adjusted. Like CPI this measurement has a number of ways to game it lower than reality and a great deal of political incentive to do so.