Their Cheerleader (who wouldn't be affected):
Posted on 09/01/2018 8:30:28 AM PDT by davikkm
The U.S. economy grew even faster during the second quarter than what was initially reported. New numbers reveal a larger bump in corporate spending. The Trump/GOP tax cuts helped jumpstart the economy from April to June this year as investment and growth are accelerating 19 months into President Trump’s first term in office.
Gross Domestic Product increased at an annual rate of 4.2 percent in the second quarter, revised up from 4.1 percent. This is the fastest growth in almost four years and was almost twice as much as the first quarter’s growth. We will see if this spike in economic activity is a blip from the tax cuts and the rush of exports in anticipation of more tariffs or a sign of sustained economic growth for the last six months of the year.
Some estimates project GDP to continue its upward trajectory. The GDPNow Model from the Atlanta Fed estimates 4.6 percent GDP growth in the third quarter of 2018 as of August 24. This forecast is up from a week before when the model had this quarter’s growth at 4.3 percent. After the recent manufacturing report from the Census Bureau, the real nonresidential equipment investment growth increased to 7.5 percent from 6.4 percent. If these strong GDP numbers become a reality, then this kind of economic growth in the months from July through September would bode well for Republicans holding the House and the Senate in November.
(Excerpt) Read more at investmentwatchblog.com ...
Another genius financial writer. Up then down, duh.
It’s called “the business cycle.” You’d think an “economist” would know about such things.
I just reconciled my bank accounts, since it’s Sept. 1. Everything balances. Does that makes me a successful economist?
Krugman junior?
Chuck Schumer has called for other metrics than GDP to be used for determining whether the average voter is benefiting from the economic upsurge. One can infer from such Democrat “muddy water” tactics that the economic upsurge poses a threat to their election outcome. They appear to believe the GDP will likely post excellent results for the third quarter, and estimates will be very good for the year as a whole.
Using the same metrics for measuring unemployment as used during Obama’s administrations, if unemployment continues the current downward trend, it will become apparent that the methodology was manipulated to misrepresent the true depth of economic depression experienced.
If it drops to 3.9 watch the media start hyping “economic collapse”
Guaranteed.
“If it drops to 3.9 watch the media start hyping “economic collapse”
Guaranteed”
———
And the left is praying to whatever passes for its god that a significant drop will occur in the final report before the midterms.
A prediction of a recession sometime within 2 years is about as useful as a newspaper description of a criminal being a man wearing a dark clothing and sneakers.
I’m no economist,but I figure that at some point an upturn will happen,followed by a downturn,but a downturn could continue for a long time,such as when Obama was in charge. If the economy isn’t “messed with” too much it could remain fairly stable overall without outside influences. Just my theory.
I’m no economist,but I figure that at some point an upturn will happen,followed by a downturn,but a downturn could continue for a long time,such as when Obama was in charge. If the economy isn’t “messed with” too much it could remain fairly stable overall without outside influences. Just my theory.
There is so much capital flowing into the US, can’t imagine anything too drastic except for normal corrections when sectors get over-valued. But, that’s healthy. I expect GDP to remain strong for several more years at least. There is just an enormous amount of capital wanting to be put to work right now.
I expect bouncing along but trending up for several barring political turmoil or turnover.
Guarantee you that the mindless unwashed voters of this nation will be the ones who reall eff things up. I give it not too much longer.
Their Cheerleader (who wouldn't be affected):
“it will become apparent that the methodology was manipulated to misrepresent the true depth of economic depression experienced.”
Will become? Its been obvious to everybody right from the start. Aside from a few cities which are dominated by a few sectors like tech, government and the oil industry, there was no recovery from 2009 to 2015. It simply did not exist. The Great Recession lasted from 2007 until about 2015 when it finally started to get a little bit better. It didn’t really take off noticeably until Q4 of 2017. We’re not even a year into the real recovery.
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