Atlanta Fed Estimates Negative Q1 GDP
This means negative growth, negative consumption ... just plain negative all around
Here we go again! The Grifter’s mouth and poor policies are taking us all down the path of losing, the opposite of the “Winning” he promised in the election. Let me explain…
The chart shows a really important and troubling number (quarterly GDP) that comes directly from the Atlanta Federal Reserve - the people with the most accurate information about the state of the economy - without spin.
GDP stands for Gross Domestic Product and it represents the overall production of goods and services for the USA - think of it like everything that is bought and sold by everyone in the USA. A positive number (which is the norm) is a good thing because it means that business is doing well which translates into more opportunities for us all in the form of more jobs, better wages, more stuff, etc. A negative number means that business activity is decreasing which usually translates into supply shortages, fewer jobs, fewer salary raises, etc.
To dispel any anticipated future falsehoods from the Grifter and company, this second chart shows the GDP data from both the first Trump and Biden’s presidency courtesy of the Yale School of Management. Look at the impact that all of his unnecessary tariff chaos is causing today - it is a creating an economic situation as bad or worse than what happened with COVID (see 2020 year drop) and we all know how bad that was. However, under Biden, there was not only the large immediate recovery after COVID but then sustained solid growth for the following three years! Stability! Remember that?
The stock market is already reacting negatively to what is happening all around us which will also impact your retirement funds and investments. More on that in a future post.
THIS IS IMPORTANT
A key thing to understand here is that most of the upcoming damage will be self inflicted by a man who will not lose his house or car if he loses his job, like we will. He obviously wants something other than what is good for us.
Promised one thing just to get your support and then did just the opposite. Just like a Grifter.
Are you happy with this? Is this REALLY what you voted for?