2nd quarter GDP 2018

#80
#80
SGMVols said:
Remember when many so-called "economists" thought then-candidate Trump was crazy for suggesting 4% growth was even possible?

Pepperidge Farm remembers.
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...of course, he was talking about annual GDP growth, whereas this growth of 4.1% is just quarterly. For what it's worth, quarterly GDP growth hit 4% four different times between 2011 to 2014 under Obama.

This is encouraging, and no doubt de-regulation has a hand in this...
 
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#87
#87
SGMVols said:
Remember when many so-called "economists" thought then-candidate Trump was crazy for suggesting 4% growth was even possible?

Pepperidge Farm remembers.
Click to expand...

“Real GDP growth accelerated 1.9 percentage points between Q2 and Q1 (4.1% growth versus 2.2% growth). Most of that acceleration was due to consumption and exports. Nonresidential investment actually **decelerated**.
“In other words, the structural story of the tax cuts -- firmer investment growth -- didn't happen this quarter. one story that fits the data is that firms didn't ramp up new production in anticipation of the tariffs, they just rushed to export their existing inventories. Doing this has a net impact on GDP of zero from an accounting standpoint.” - ‪Ernie Tedeschi ‬U.S. Treasury economist.

" Business fixed investment slowed to 5.4% relative to an 8.0% outturn in Q1, consistent with our view that the tax plan will be unlikely to lead to a significant amount of capital deepening." - Barclays
 

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#89
#89
"Mr President, Is Michael Cohen telling the truth?" - That's journalism. Notice how she got her voice loud and clear on the microphone.
 
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#91
#91
carlos86 said:
“Real GDP growth accelerated 1.9 percentage points between Q2 and Q1 (4.1% growth versus 2.2% growth). Most of that acceleration was due to consumption and exports. Nonresidential investment actually **decelerated**.
“In other words, the structural story of the tax cuts -- firmer investment growth -- didn't happen this quarter. one story that fits the data is that firms didn't ramp up new production in anticipation of the tariffs, they just rushed to export their existing inventories. Doing this has a net impact on GDP of zero from an accounting standpoint.” - ‪Ernie Tedeschi ‬U.S. Treasury economist.

" Business fixed investment slowed to 5.4% relative to an 8.0% outturn in Q1, consistent with our view that the tax plan will be unlikely to lead to a significant amount of capital deepening." - Barclays
Click to expand...

Nice copy and paste.
 
#92
#92
BowlBrother85 said:
A Presidential election year is a little different. Not having a freeze can be seen as playing politics. Greenspan did that in '96.
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And in both cases it's wrong and I think illegal. The Fed is supposed to be completely independent of politics.
 
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#97
#97
SpaceCoastVol said:
The Messiah had good quarters, but annually never topped 3%.

Donald Trump Misleads on Obama Era GDP Growth | Fortune

I'll stick with the guy that actually wants it to be better.

#stillwinning
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From the article you linked: "President Trump compared annual GDP growth in the Obama era to quarterly growth in a three month period. And quarterly GDP often isn't a good indicator for how much an economy will produce over the year, with quarterly GDP growth often differing significantly from the year's overall GDP growth."

You really should send that link to Donald Jr. He doesn't know what he is talking about. And why must every bit of positive news result in a slap at Obama? It only contributes to the partisan divide... and if the Trumps are going to take a slap at Obama, is it too much to ask that they get their facts straight first and have some idea of what they're talking about? They could start by comparing apples to apples (quarterly growth to quarterly growth).
 
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#98
#98
BowlBrother85 said:
From the article you linked: "President Trump compared annual GDP growth in the Obama era to quarterly growth in a three month period. And quarterly GDP often isn't a good indicator for how much an economy will produce over the year, with quarterly GDP growth often differing significantly from the year's overall GDP growth."

You really should send that link to Donald Jr. He doesn't know what he is talking about. And why must every bit of positive news result in a slap at Obama? It only contributes to the partisan divide... and if the Trumps are going to take a slap at Obama, is it too much to ask that they get their facts straight first and have some idea of what they're talking about? They could start by comparing apples to apples (quarterly growth to quarterly growth).
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Because Obama was a (sorry I forgot racist, socialist) douchenozzle of the highest order. Every opportunity that the public can be reminded of that is one that should be taken.

#winning
 
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#99
#99
BowlBrother85 said:
What is meant by this?
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Educate yourself on the history of the gold standard and silver's relative value post civil war up to the creation of the "Federal" Reserve. Then, the ability of the Fed to "print money out of thin air" and loan it to banks to loan to business and the public.
 
#100
#100
SpaceCoastVol said:
Because Obama was a (sorry I forgot racist, socialist) douchenozzle of the highest order. Every opportunity that the public can be reminded of that is one that should be taken.

#winning
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So, your tactic is to change the subject. Interesting ploy but questionable choice of name calling. Trump obviously does quite a bit of race baiting himself and as for calling Obama a "socialist"? I do believe that it was Trump who just pulled $12 billion out of thin air to bail out the farming industry to mitigate the impact that retaliatory tariffs have had as a direct result of his own trade policy. That is called socialism.
 
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