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

Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by sarchertech on Thursday October 26, 2023 @10:57AM (#38026431)

No it’s a nice way of heading off what I guarantee was going to be the response. There is literally nothing you can say to sway the “inflation numbers aren’t real crowd” in the same way you can’t argue with a conspiracy theorist. I don’t care about partisanship. I think the economy would be in roughly the same state it’s in regardless of which party won most recently.

Core inflation doesn’t include housing and fuel. But fuel is down 10% from its peak last year and the median home price in July 2023 was 2% below the median price in July 2022.

Inflation is going down, wages are going up.

You can’t argue that “the numbers coming out” are showing the opposite because they aren’t.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by edgyquant on Thursday October 26, 2023 @12:11PM (#38027644)

But that person didn’t say inflation numbers aren’t real. That is a strawman you’re attacking.

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Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,... by sarchertech on Thursday October 26, 2023 @01:01PM (#38028475)

It’s not a strawman. The person I was responding to has been all over the thread saying official inflation numbers are designed to be misleading.

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