US Economy Grew Record 4.4% In Third Quarter, Here’s What That Means For You
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It means very little.
Unless you’re deep into this whole finance stuff. Idk, are you? Unless you’re shorting the economy this doesn’t mean much does it, let’s be honest. Like, what even is the economy anyway? What is economics? I don’t know. Something about the environment?
Or maybe your a small business, I guess then it might affect you. Or I guess if you pay taxes, it might affect taxes or something. And I suppose if you’re a consumer too, might change things there… ok, fine, maybe it does matter for you, but I’m saying probably not by much!
4.4% seems like a very small number and it is because that little symbol, the %, that means out of a hundred. A feel like numbers like 80 out of a hundred or a classic 99 out of a hundred, those are good big numbers, but 4.4? That’s a shitty number.
SO what it beats a two year record and in finance terms that’s actually quite a large boost? Let me make things perfectly clear to you I DON’T UNDERSTAND FINANCE TERMS. I’m just a random guy who never studied this and don’t know what you’re talking about. All I know is that ‘4’ is a small number. Objectively. So I’m not listening to your explanations, lalalalalalalala.
Apparently consumer spending is up too, what I bet it’s a meagre 3.5%. Oh it is? Yeah, see that’s what I’m saying! These aren’t big numbers people!!
And the thing is these gains aren’t in spite of Trump’s mega tariff spree, no, it might be that people started spending more precisely because they knew Trump’s tariffs were incoming. So, an adverse win there, congrats everyone involved.
Does this mean that the economy will then slump once this effect’s worn off? Yeah, maybe baby. Only time will tell you the time (that’s what they say, right?).
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