Posted on 01/26/2018 1:02:44 PM PST by SeekAndFind
Here's a prediction: You won't be hearing Donald Trump crowing about U.S. economic growth under his administration, at least not for a while.
Since the presidential campaign, Trump and his minions have been predicting that his policies would bring an increase in annual growth of better than 3% a year. They broke out the Champagne after the figures for the second and third quarter of 2017 showed annualized growth in excess of 3%.
Turns out that was premature. The first reading of real growth domestic product for the fourth quarter of 2017 was published Friday by the government's Bureau of Economic Analysis, and it shows an increase of only 2.6%. For the whole year, the increase in real GDP is 2.3%. That's better than the 1.5% growth rate in 2016, the last year of Barack Obama's second term, but only a tiny hair better than the average over Obama's full second term.
What's going to be most interesting about the latest figures is how Trump and his clique will react. I reported in May that Trump was "dreaming" if he expected sustained growth of more than 3% and explained why that was unlikely, though not impossible. After the figures came in for the second and third quarters, my email in-box and Twitter feed filled up with nyah-nyah messages from his fans, who didn't seem to understand that three months, even six months, of annualized growth of 3%-plus wasn't the same as 12 months.
This isn't surprising, coming from the average Twitter tweeter. But the triumphalism also was expressed by some more serious sources. Stephen Moore, for example. Moore is an economic fellow at the conservative Heritage Foundation, a former Wall Street Journal editorial writer, and a familiar face on TV as an economic commentator.
(Excerpt) Read more at latimes.com ...
That quarter will be revised upward. Most of Obama’s were revised downward. Will be looking forward to the LAT gloat 12 months from now.
Rooting for national failure.
They have to be so proud of themselves....
The Left is openly rooting for a Depression.
The 4th quarter number was disappointing considering all the other great econ news & Christmas sales were at record levels.
To me, it was “unexpected”.
The LA Times will be the ones shooting off too soon. The economy is just getting traction. I look forward to that article when they accuse Trump of sandbagging, calling him a liar when the economy is pushing 4% GDP.
“Trump predicted the economy would only grow past 3%. He’s a liar and now we are all doomed.”
Have you and your friends at this “newspaper” in LA looked at the stock market lately?? Dow up 45 percent since Trump took office.
Of course.
The Great Depression was their zenith here in America.
Why wouldn’t they want that?
Why not post the TRUTH about the lies? You don't have to use the liar as the source to post a headline that alerts readers to a published lie. Use yourself as the source or a reasonably reliable source that addresses what the Lying Leftist source is saying. That way you have a headline and a source that your readers can reasonably rely on and they go away more informed about the lie AND the truth. If this story is true and has some redeeming value, at least get the story from a reasonably reliable source, not from a known Lying Leftist operative posing as a “news” organization. You’ve done the Patriotic Right a service. Much better than the mindless repetition of lying sources and their lying headlines.
IMO, if a poster can't be bothered to do that, then they shouldn't post. If they're going to be bothered to post, do it right. We're on a mission here.
WallStreetWindow
Stock Market Financial and Global Geopolitical News
This Stock Market Sentiment Indicator Just Made Market History – Mike Swanson (01/26/2018)
Posted on January 26, 2018 by Mike Swanson |
The Investors Intelligence survey is one of the longest running stock market sentiment surveys and is the most reliable. It is generated by a surveying of the same group of writers and analysts every single week.
This week it made history by registering the fewest number of bears in its history. There are now fewer bears than there were in 1987 before the stock market crash and in 2015 before the August flash crash style dip.
Take a look.
So after a year of straight up action without even a 3% pullback off of the highs for the S&P 500 there are no stock market bears left.
At the same time the bulls are at the highest level that they have been in my years of trading, which is now in its third decade.
So at no moment in my investing and trading career has this survey been so skewed bullish as it is now.
Don’t get me wrong I’m not saying the stock market is going to crash or collapse right now.
But if we don’t pay attention to what is happening and just fall asleep we’ll miss the important warning signs when they do come!
As I said, the rest of the economy is roaring. That' why it surprised me that the 4th quarter was under 3%. A few weeks ago, they were estimating it could be around 4%. I'm no fan of the LA Times, but they didn't make up the number. The number is the number.
Maybe it will be revised upward next month but it is what it is.
It’s OK.
In a few months the upward revisions will come out.
Even the deep state who run the GDP don’t want him to succeed.
To paraphrase ibama... get used to the economy sucking..because that’s as good as it will get.
is this true or did the libs cook the numbers?
In Q4, they were waiting for a tax cut. In Q1 2018, they are investing based on the tax cut.
“That’ why it surprised me that the 4th quarter was under 3%”
Trust me, it is above 3%. They are going to nail Trump for this and in 2 weeks it will quietly be adjusted upwards to 3.3%.
RE: You don’t have to use the liar as the source to post a headline that alerts readers to a published lie
OK, I gather you don’t believe the LA Times when they said that the GDP was 2.6% for 2017. Which source that you trust tells us that the GDP for 2017 was 3% and above?
What economic growth is there at the LA Times?
The LA Times as with the other known Lying Leftist sources are PRESUMPTIVEly lying.
You know the reasonably reliable sources used here on FR. Use them or use yourself as the source. As I said, if this story is true and has some redeeming value, at least get the story from a reasonably reliable source, not from a known Lying Leftist operative posing as a “news” organization.
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