Posted on 12/16/2017 4:07:32 AM PST by smileyface
The Trump economic boom is picking up steam as American heads into the final weeks of the president’s first year in office. The Federal Reserve Bank of New York’s Nowcast, which attempts to estimate economic output based on the latest releases of data, now says GDP appears to be growing at a 4% annualized rate in the fourth quarter. That is the highest level on record for the Nowcast, which was launched just two years ago. The Nowcast was revised up primarily due to positive impacts of revisions of earlier data, the New York Fed’s website said Friday. A similar tool from the Atlanta Fed was also revised up earlier this week to 3.3 percent. The Atlanta Fed measure has a track record of being considerably more pessimistic about growth than the New York Fed’s Nowcast. If the Nowcast turns out to be on track, the fourth quarter will see the economy grow far more than most major forecasts had expected. A survey of economists completed at the end of the third quarter saw economic growth coming in at just 2.5 percent.
(Excerpt) Read more at breitbart.com ...
Just a year ago we were told that we should expect a maximum of 2% from now on. Hmm, what happened since then to shake off the malaise and grow the economy?
Democrats outraged
” Thank you Obama”
Lol!
Women and minorities hit hardest.
It’s wrong to give Trump credit for the boom. Obama (peas be upon him) did all the hard work, and Trump is taking all the credit. And if Hillary hadn’t had the election stolen from her by the Russians, we would be seeing 8%. /s
“Thank you 0bama.......FOR LEAVING!”
If only Hillary had won we would all be living in sunshine and eating lollipops.
https://www.youtube.com/watch?v=XQmBXEZEYtg
Funny how during Oloser’s eight year reign of terror all economic projections were never met and were even readjusted downward. Now here is a supposed “unqualified” president with figures that not only are record smashing, but are constantly readjusted UPWARD! I’m glad I read about this in the NYTimes, WaPo and USA Today - not! There’s going to be a day of reckoning and I hope it is soon.
LOL!
Did you notice the sexual assault in that video? She grabbed the guy’s hand and held it to her breast. He should file a lawsuit!
Not bad for a guy who would NEVER EVER get GDP growth to 3 % according to his critics, who was supposed to crash the economy on day one and who think that he is a con-man and buffoon that acts like a kindergartner with a education level of a 4th grader. LOL
Barak had to hire extra people to keep his number above zero.
And I still find people daily who say it’s because of Barry!
Trump’s magic wand.
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