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A comment on U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected. Parent comment

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by WendyTheWillow on Thursday October 26, 2023 @10:28AM (#38026066)
Both of your examples presume the sentiment is justified, but that isn’t a given. How do you account for a generally poor outlook that externally influences sentiment despite a well functioning economy?

Maybe everyone is miserable because they’re newly aware of the violence and injustice in the world generally. How is that useful when trying to understand the state of the economy specifically? It’s important to understand how people feel as a society, but this isn’t supposed to be that. How do you filter out the “noise”?

We can’t really use “vibes” to determine if interest rates should go back down, for example. That would be disastrous.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by throwaway5959 on Thursday October 26, 2023 @10:34AM (#38026151)
Exactly, take for example this graph.

https://www.pewresearch.org/politics/wp-content/uploads/site...

The economy suddenly was awesome once a Republican was back in office, according to Republicans. Just turned on a dime.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by thereddaikon on Thursday October 26, 2023 @11:03AM (#38026506)
Everyone is miserable because of interest rates and inflation. It's hitting the consumer right now and those are really obvious indicators how things are going. McDonalds costs as much as a meal at a proper restaurant did before the pandemic. That's not good.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by WendyTheWillow on Thursday October 26, 2023 @01:05PM (#38028534)
Everyone is decidedly not miserable, and even if they were, your choice of highlighting inflation, a number that has been steadily decreasing for some time now, is curious.

You act like people would finally be happy if inflation were just under some number. No. People will just find the next thing to be miserable about. That’s how people are now.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by throwaway5959 on Thursday October 26, 2023 @02:38PM (#38029903)
People that watch Fox News/MSNBC and/or are addicted to social media.
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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by ModernMech on Thursday October 26, 2023 @03:22PM (#38030512)
> McDonalds costs as much as a meal at a proper restaurant did before the pandemic. That's not good.

This is not exactly true. They raised their prices, but they have a permanent 30% off coupon on their app.

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