US GDP falls short as supply-chain disruptions, labor shortages stunt comeback

[ducks]

https://www.foxbusiness.com/economy/gross-domestic-product-q2-2021

[Winehole23]

the economy grew at the fastest rate since the early 1950s, what a disappointment

[ducks]

joerancher
2h ago

The real reason GDP has fallen short is because people have stopped spending money due to high inflation. We had planned to build a new pool and other structures on our property this year but with the cost of steel and lumber we decided to put the breaks on over 100K in upgrades to our property. I would imagine many others have done the same.






Smokey_100
1h ago

Replying to joeranche
Totally agree with your points. Most people I know are watching their spending, because of the uncertainty of sure to come inflation. Here is a good example, gas prices by me have gone from $1.85 before the election to $3.35 today.

[ducks]

https://finance.yahoo.com/news/u-gdp-trails-forecast-even-123834932.html

[Adam Lambert]

the economy grew at the fastest rate since the early 1950s, what a disappointment

Imagine what it's going to do when the supply chain catches up.

Someone should ask noted economists @joerancher and @ Smokey_100 what they think.

[baseline bum]

joerancher
2h ago

The real reason GDP has fallen short is because people have stopped spending money due to high inflation. We had planned to build a new pool and other structures on our property this year but with the cost of steel and lumber we decided to put the breaks on over 100K in upgrades to our property. I would imagine many others have done the same.






Smokey_100
1h ago

Replying to joeranche
Totally agree with your points. Most people I know are watching their spending, because of the uncertainty of sure to come inflation. Here is a good example, gas prices by me have gone from $1.85 before the election to $3.35 today.

Wow amazing, gas prices go up in the summer when people are traveling way more after a year staying home not doing shit. Who would have guessed low demand = low gas prices, high demand = high gas prices?

[ducks]

Lol and some companies are offering 30k sign on bonuses and still no employees

[ducks]

Wow amazing, gas prices go up in the summer when people are traveling way more after a year staying home not doing shit. Who would have guessed low demand = low gas prices, high demand = high gas prices?

So why stop the pipeline
Biden fool

[pgardn]

Lol and some companies are offering 30k sign on bonuses and still no employees

For employees that could make the company much, much more than this paltry bonus.
Wow, how awful. Supply and demand for good employees. People are choosing their jobs carefully to get out of the slave labor market, who would have thought...

30 K signing bonus and then 5 dollars an hour for life. Cool deal.

So much more to this, but ducks likes simples.

[ChumpDumper]

joerancher
2h ago

The real reason GDP has fallen short is because people have stopped spending money due to high inflation. We had planned to build a new pool and other structures on our property this year but with the cost of steel and lumber we decided to put the breaks on over 100K in upgrades to our property. I would imagine many others have done the same.That implies he thinks prices will go back down.

US economy grows at a 6.5% annual pace in second quarter

:lol Falls short of what? That's China-like growth.