US economy shrunk 1.4% in First Quarter 2022 (wholesale, investment, inflation, increase)

[skeddy]

Bad news.

Gross domestic product in the U.S. declined at a 1.4% pace in the first quarter, below analyst expectations of a 1% gain.

Declines in fixed investment, defense spending and the trade imbalance weighed on growth.

Consumer expenditures rose 2.7%, but that came amid a 7.8% increase in prices.

The economy had grown 1.7% in the fourth quarter of 2021.

[C2BP]

US wholesale inventories for March 2.3% versus 1.5% estimate
https://www.forexlive.com/news/us-wh...mate-20220427/

*Prior month 2.6% revised from 2.5%
*US wholesale inventories advanced for the month of March rises by 2.3% versus 1.5% estimate
*Retail inventories ex autos +2.3%
*Year on year wholesale inventories are up 21.5% versus March 2021
*Retail inventories were up 11% year on year. The prior month was revised up 1.5% from previously reported lost 1.3%

Take out the inventory build, and the US economy is actually performing worse. Everyone has been fooled into thinking that our economy is inflationary hot when it never was. Supply shock effect on prices has created harmful INFLATION to go along with so much confusion.

Good Luck!

[artillery77]

Originally Posted by C2BP

Take out the inventory build, and the US economy is actually performing worse. Everyone has been fooled into thinking that our economy is inflationary hot when it never was. Supply shock effect on prices has created harmful INFLATION to go along with so much confusion.

Good Luck!

....
I....eerr....
<ahem>
So, it seems...no....

(How is this possible...)
slow breathes, just stay calm...just spit it out and go away


I would tentatively have to agree with C2BP's summary statement.

[Mircea]

Originally Posted by C2BP

Take out the inventory build, and the US economy is actually performing worse. Everyone has been fooled into thinking that our economy is inflationary hot when it never was.

No kidding.


I only hope the other clowns get it.

Originally Posted by C2BP

Supply shock effect on prices has created harmful INFLATION to go along with so much confusion.

Yes, it's called Demand-pull Inflation which is not the same thing as Monetary Inflation.

[Taggerung]

Global oil production has peaked, and it's now on a bumpy plateau.

Oil= "the economy."

As oil production plateaus and falls, so will the "GDP." Basically the only thing propping up the "GDP" at the moment is massive inflation from Fed-Gov.