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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Dope1 ⎊  😊 😞
Number: of 84350 
Subject: Re: Bidenomics: 4.9% GDP Growth
Date: 10/26/23 5:14 PM
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But thanks for your "actual analysis".

Sorry, ChatNPC. That's you regurging numbers that make you think you're scoring points. You aren't.
Let's dig into your GDP numbers and see what drove them.

seekingalpha.com - US GDP surges percent as consumers and government go large

The US economy expanded at 4.9% in 3Q with the government, households and homebuilders all contributing significantly and inventory rebuilding further boosting activity.

Let's unpack that sentence and hand you a clue while we're at it: If you're relying on government spending to prop up your GDP numbers, that's a clue that the economy isn't nearly as healthy as you claim it is.

Secondly. homebuilders all contributing significantly

How long's that gonna last with mortgage rates at 8%? Yeah. It's not. You want a chart that shows us what Bidenomics is all about?

It's this one: atlantafed.org - Home ownership affordability monitor

Affordability rates in the sewer. So how long is the housing "boom" going to last?

And what else made up the surge?
St. Louis Fed (FRED): Q2 2026, Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product: Quarterly | FRED

Nonfarm inventory is 1.28% of the 4.9%. That's weird.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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