Posted on 04/26/2019 6:17:20 AM PDT by BenLurkin
Friday's data was the first look at how the economy fared during the longest government shutdown in history. The federal government ceased operations for 35 days between late December and Jan. 25 amid a standoff between the Trump administration and congressional leaders over funding for a wall along the U.S.-Mexico border.
Investors were closely watching out for the report as they looked for more confirmation that a recession may not be in the cards over the short term.
The report "helps offset fears of slowing global growth," said Alec Young, managing director of global market research at FTSE Russell. "At a time of lingering U.S.-Chinese trade uncertainty and weak economic data everywhere from Germany to Korea to Japan, strong U.S. data acts as an insurance policy against further global economic weakness. And with inflation still subdued, it's too early to start worrying about Fed rate hikes again."
(Excerpt) Read more at cnbc.com ...
Getting tired of all this winning. :-)
“Unexpected.”
WINNING!
MAKE AMERICA GREATER AGAIN!..............
Democrats on suicide watch.
Economists have predicted eight of the last five recessions. Idiots.
EAT IT MSM AND NEVER TRUMPERS !!!
Trump’s Fault! MAGA! :)
But but but.......government shutdown! Trade war with China! Slowing global economy! DOOOOOOOOM!
Elections have consequences.
What fears! Since we run trade deficits with all of these tin horn mercantilist nations WHO GIVES A DAMN!
Is that AOC, right panel, center-front?
Seriously, I thought that petro prices alone tended to suggest that the lowball estimates of GDP being touted were unlikely to be correct.
it appears that more federal government shutdowns would benefit the economy! lol
No wonder the liberals hate Trump. He confounds them at every turn, outs them continually for their lies and in general makes total fools of them.
catches breath
ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha
Life is full of surprises, especially for America’s financial “experts,” who were seriously wrong in predicting America’s first-quarter GDP growth.
That is a usual occurrence. Unfortunately, besides spending their time wrongly predicting U.S. growth, those same “experts” also advise clients, based on their wrong predictions, where to wrongly invest their money.
Yet America’s financial “experts” are treated with great respect by the U.S. media, which at the same time treats the person who accomplished the wonderful feat of creating a high growth rate — Donald Trump — with continuous scorn and ridicule.
Honestly, like the election in 2016, this is God’s work.
Trump is indeed the vessel, the viceroy, the UNEXPECTED one used by the Almighty to show the world who is in charge.
When the “wisdom of the world” says one thing, God often takes the “foolish” things and the “despised” things and proves the world wrong. Who is more despised by the powers of this world right now, in a political sense, than Trump? Even the “geniuses” in his own faction consider him foolish.
Only those “deplorable” people, people of all races and ages and income levels in the real world think highly of him.
Let me add a caveat: I do not worship Trump. We cannot make a deity or demigod out of any man. This happened to a degree with Reagan and to a larger degree with Obama and to an apparent society-wide degree with men like Stalin. God’s choice does not equal GOD.
That being said, I believe Trump is a good man who loves his country, loves God, and is sacrificing a lot to make this nation a shining place again.
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