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Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation at 3%
- cjbenedikt 8mo ago"...Commerce Department said the deceleration in GDP, which grew at a 4.4% rate in the third quarter, was the result in a pullback in consumer spending and exports, as well as the impact from the government closure..." Funny how everyone seems to focus on the government closure "Economic Growth Slowed in Fourth Quarter, Hurt by Government Shutdown" and hardly mentions the consumer spending pullback. Don't you dare mentioning the "T" word...
- mraniki 8mo agowell the Supreme Court mentioned the T word this morning. https://news.ycombinator.com/item?id=47089001 https://news.ycombinator.com/item?id=47089001
- cjbenedikt 8mo agoIndeed. Depends on what will happen next. Follow the ruling? Or...After all J.D.Vance (US VP)famously said:" The judiciary has decided. Now let them enforce it".