Slow GDP Growth and Stubbornly High Inflation Sends Markets into Sell-off

[bjl584]

GDP Q1 2024: Economy increased at a 1.6% rate (cnbc.com)

[ua_guy]

3.4% growth Q4 2023 to 1.6% Q1 2024. From "really freaking fantastic" to "yeah, pretty good!". Shows how short-sighted markets are.

Energy and housing are killing it. The job market can't wage its way into making housing costs affordable, nor can it strong-arm the political fight with oil companies. More housing is desperately needed. But interest rates are keeping inventory of new homes low.