Posted on 05/30/2019 6:27:49 AM PDT by Olog-hai
The U.S. economy grew at a solid 3.1% rate in the first three months of the year, but much of that gain was based on temporary factors that will likely fade, leaving growth much slower in the current quarter.
The Commerce Department said Thursday that the first quarter advance in the gross domestic product, the economy’s total output of goods and services, rose sharply from a 2.2% increase in the fourth quarter as the economy overcame a partial government shutdown to weakness in overseas economies.
The new GDP estimate was down slightly from an initial 3.2% estimate. For the current April-June quarter economists believe GDP growth will slow to less than 2% and for the year they see GDP rising a modest 2.3%. […]
Last year, the economy grew 2.9%, the best showing since a similar gain in 2015, but analysts believe much of that increase stemmed from the boost provided by the $1.5 trillion tax cut package passed in 2017, support they are forecasting will fade this year. …
(Excerpt) Read more at apnews.com ...
It’s a nice dream. But until the cost to manufacture in the US meets the price point of building and shipping overseas, we will still offshore a lot of this. They are just moving the factories to Vietnam and other SEA countries.
Not if we increase import tariffs across the board. Cheap labor exploitation is not a new thing and the Republican Party was all about the tariff until Free Traitors™, guys like you, and globalists took over after WWII. Yes I know a pair of US made pliers will cost $3000.00 but I guess we will suffer through.
But this is solely about editorializing.
The war with China will affect the whole world - w/o the Trump economy we’d be in stagnant/negative growth right now....and even the manipulations of the Fed that were used to protect Obama wouldn’t be enough to help.
MAGA!!!
That was my impression after reading just the first sentence. I knew they couldn't post good news without a spin. The last time I read their take on good economic news, they used the phrase "continuing the decades-long expansion". I was in the doctors office when I read that and snorted so loud I had people looking at me.
I am far from a globalist. But I’ve worked in the current world, not holed up in some shack awaiting the return of plantation life.
The infrastructure is simply not there.
Get out of your house and take a walk down the gravel path to where the factory stood next to the river. They ain’t making pliers there anymore.
I might be here right NOW. Yes, in your myopic world because manufacturing facilities are not here right now, this very minute, it can NEVER be made in the USA again. This is infantile defeatist thinking. I hate your type. Traitors.
Clearly, you’ve always been someone who holds pretty strong opinions based on nothing but, your opinion.
You can wish something all day long. But it isn’t going to make it so.
Go back to longing for your slaves.
The market is selling off because the purchasing managers index has been falling off a cliff in recent weeks due to trade wars. If the chinese go through with their threat to stop selling the US rare earths—then the stock market will fall off a cliff.
Way overdue for us to produce our own rare earth minerals instead.
Well, under Obama chocolate rations went up from 30 grams to 25 grams, don’t forget.
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