Agnostic.com
  1. Agnostic
  2. Posts
  3. News & Links

2 5

LINK U.S. Economy Grows as Fourth-Quarter GDP Shows Strongest Year in Decades - WSJ

The U.S. economy grew rapidly in the fourth quarter of last year, advancing to a 6.9% annual rate, capping the strongest year of growth in nearly four decades as the country rebounded quickly from the pandemic-induced recession.

But growth recently has run into obstacles that could lead to more modest growth this year, economists say.

snytiger6 9 Jan 27
Share
Submit

Enjoy being online again!

Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.

Create your free account

2 comments

Feel free to reply to any comment by clicking the "Reply" button.

2

Level 8

Lol take Wall St out of the equation and see how much the economy has grown. Enjoying the corresponding wage gains?
These last 2 years have seen the biggest transfer of wealth from the majority to the few in history.

puff Level 8 Jan 27, 2022
Reply
1

Level 8

Economic growth almost always produces inflation. This is what The Fed was designed for. Historic growth will produce historic inflation. People need to get a grip.

Enjoy being online again!

Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.

Create your free account

Share this post

Copy Link

Categories

You can include a link to this post in your posts and comments by including the text q:647571
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.