The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied gloomier predictions from economists.” US Treasury Secretary Janet Yellen commented that “It’s a good, strong number and it shows an economy that’s doing very well,” and she is “not expecting growth at that pace to continue, but we do have good, solid growth.”
US economy expanding?
Tag: inventories
As Biden Scrambles to Save Suppliers, UAW Limits Strike’s Impact
Last night’s announcement by UAW President Shawn Fain that the union would initially only strike at three non-strategic plants has confused many in the labor movement. The announcement comes as the Biden Administration has stepped in to stop the strike from spread and protect its $15 billion investment in transitioning the auto parts industry to make electric vehicles.
As Biden Scrambles to Save Suppliers, UAW Limits Strike’s Impact
Truth: Recession is HERE & Will Last for a While!!
Oct 3, 2022 – Why Are Walmart & Other Major US Retailers Canceling Billions of Dollars in Orders as Summer Comes to an end? Do they know something we don’t!
One thing is sure: Recession is already here, and Govs need to stop lying about it!!!
Truth: Recession is HERE & Will Last for a While!! via The Geopolitics In Conflict Show
Ms. Cat’s Chronicles 