Posted on 10/31/2016 4:19:50 AM PDT by expat_panama
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I guess it is because I’m not a highly trained economist, I still don’t understand how spending borrowed money can be seen as economic growth. It doesn’t work that way in my household.
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Why, that’s *easy*: That’s because YOU don’t have a beholden group you can stick and bleed dry (we’ll call them ‘Taxpayers’).
Course, neither can you create your own fiat currency, nor legally ‘inside trade’, nor...
The figures are overstated. I am not seeing the trucks on the road which would be needed to support the figure announced. My estimat would be 1.7% or something close to that.
I live in Houston and trucking is very apparent, good or bad.
The best quarter in 6 years comes days before the election. The propaganda engine of the left is a well oiled machine.
Further, if the growth rate actually was +2.9%, the railroads would be taking some locomotives and rolling stock out of storage.
To my knowledge, that's not happening.
Of course we knew the good numbers would show up right before the election. That was a given.
What they were not prepared for was the reopening of a FBI CRIMINAL Investigation into Hillary Clinton’s emails and the revelation of an existing ongoing FBI CRIMINAL Investigation of the Clinton Foundation.
Popcorn futures are through the roof.
...the Employment Cost Index rose 0.6% in the third quarter, as expected. Wages and salaries rose 2.4% from a year ago, down from the 2.5% growth in the second quarter. Benefits grew at a faster pace, up 2.3% from a year ago vs. 2.0% in the June quarter.
But, the cost of health insurance is going up 25-50%! Now, that's inflation!
You had me going there a sec. because this is exactly how the extreme left is selling it. Actually this past qtr is not the "...best quarter in 6 years...", make that "two" years. What's happening is that the number seems good now because for 8 years things have been worse:
2.6% is really not that much of an increase.
There was a post late last week that gave the reason for the somewhat favorable numbers in the third quarter as anup-tick in exports of soybeans. Our farmers in the 2016 season, in spite of being the warmest ever, have produced a record or near record corn and soybean harvest. In spite of that situation, soybean prices to the farmer have been holding steady or increasing. Supposedly that is due to to an unfavorable harvest and reduced yields in Brazil and Argentina.
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