Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

'It is indeed a big one': Trump hails new report as U.S. economy surges to 4.1 percent growth
The Daily Mail ^ | 27 July 2018

Posted on 07/27/2018 7:57:40 AM PDT by BlackFemaleArmyColonel

President Donald Trump hailed a new economic report showing the U.S. economy grew at a clip of 4.1 per cent in the second quarter, hitting a high pace not reached since 2014.

'It is indeed a big one,' Trump said. Trump said he was 'honored' by the growth figure and called it a 'great day.'

The president made an unscheduled appearance on the South Lawn of the White House, flanked by his economic advisors, to tout the news.

He promised the high growth rate was not a 'one-time' thing.

'As the trade deals come in one by one we're going to go a lot higher than these numbers and these are great numbers,' Trump said.

'These numbers are very, very sustainable. This isn't a one-time shot,' Trump said.

He also made a sunny prediction about the next quarter. The latest numbers reflect April through June.

'I think the numbers are going to be outstanding. We've accomplished an economic turnaround of historic proportions,' Trump said.

'We're on track to hit the highest annual average growth rate in over 13 years,' Trump said, predicting it could be 'substantially over 3 per cent' on an annualized basis.

Trump called it an 'American economic miracle.'

'We are the economic envy of the entire world,' Trump added, adding the world leaders compliment the U.S. economy when they talk to him.

Trump also hailed a more than $50 billion reduction in the U.S. trade deficit.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: economic; economy; gdp; growth; trump; trumpgdp; trumpwinsagain
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-79 next last
To: Sacajaweau

There is a fourth branch of government now, completely independent. Before the Reagan tax cuts, the Fed warned that there would be a tightening of the money supply, and asked Reagan for political cover. They agreed and it was done.

Does Trump have an understanding with the Fed? If not, it’s high time he made yet another deal.


41 posted on 07/27/2018 8:56:17 AM PDT by Eleutheria5 (“If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: lilypad
What’s with the market ? Flat. It was predicted it was going to soar.

I'm somewhat stunned today the market isn't rocketing up .... I don't think 4.1% GDP was baked in to current market value, then again I'm no expert and I could be wrong.

42 posted on 07/27/2018 8:57:25 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 18 | View Replies]

To: usconservative
I don't think 4.1% GDP was baked in to current market value, then again I'm no expert and I could be wrong

The market prices of each stock is mostly driven by future earnings estimates. Analysts that study each company would have made estimates of future earnings for each company they study. These analysts would look to each individual companies management for information about how well the company has done and what the company expected it will be doing in the future. A large increase in GDP would not immediately affect the expected future earnings of a particular company. The companies on the US stock exchange and NASD have world wide revenues so the US GDP is one indicator of the health of the market the company sells its goods in but the analyst would be concerned about all of the countries the company does business. Management and the analysts will look at risks that could affect managements plans. The overall economy of the US is one of those risks. Economies of other countries play a part, as well as other risks including competition, political, access to labor and access to materials etc. etc.

In short, past GDP is one factor in estimating future earnings but mostly a minor factor for any one company. In fact, some companies do very well during recessions and their expected earnings may actually increase.

43 posted on 07/27/2018 9:12:58 AM PDT by Raycpa
[ Post Reply | Private Reply | To 42 | View Replies]

To: lilypad

The market may have already factored in 4% growth.


44 posted on 07/27/2018 9:24:37 AM PDT by Maine Mariner (Y)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Timmy

Obama had one high quarter from shifting a lot of activity from one quarter to another - which also left his record with an exaggerated drop for one quarter.


45 posted on 07/27/2018 9:30:13 AM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
[ Post Reply | Private Reply | To 10 | View Replies]

To: MortMan

Rush looked into it since he didn’t remember either. He said, it was about Obama tinkering with the GDP metrics. Something about adding intellectual property of some sorts to the GDP, and massive government Quantitative Easing for the stock market. And other big growth in government. It wasn’t about real private sector growth that would be GDP sustainable.


46 posted on 07/27/2018 9:51:12 AM PDT by Red Steel
[ Post Reply | Private Reply | To 9 | View Replies]

To: BlackFemaleArmyCaptain

Psychosis is evident in the MSM


47 posted on 07/27/2018 9:59:16 AM PDT by BigEdLB (BigEdLB, Russian BOT, At your service)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Poison Pill

They’d priced in an even larger uptick maybe?


48 posted on 07/27/2018 10:51:22 AM PDT by RegulatorCountry
[ Post Reply | Private Reply | To 35 | View Replies]

To: usconservative

Buy the rumor, sell the news. Happens all the time.


49 posted on 07/27/2018 10:59:15 AM PDT by Mouton (The media is the enemy of the people.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Raycpa

Yup, rule of 72!


50 posted on 07/27/2018 11:01:13 AM PDT by Mouton (The media is the enemy of the people.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: BlackFemaleArmyCaptain

51 posted on 07/27/2018 11:02:20 AM PDT by 4Liberty (Where are the Creamer audio tapes, CNN?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mouton
Buy the rumor, sell the news. Happens all the time.

This is a first for me. I'm very much the "this is my investment strategy and I'm sticking to it" kinda guy. Maybe it was just some irrational exuberance on my part? :-)

52 posted on 07/27/2018 11:02:53 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 49 | View Replies]

To: Eleutheria5

The Fed will step in and slow it down almost for certain now.

Average mtg rate now 4.5% as of this AM. I notice that housing seems to be plateauing. Historically that is a pretty low rate but many in the markets these days don’t recall the higher rates of the past, with 6% seemingly the “average”.


53 posted on 07/27/2018 11:05:00 AM PDT by Mouton (The media is the enemy of the people.)
[ Post Reply | Private Reply | To 38 | View Replies]

To: COUNTrecount

Both brilliant and funny at the same time. A hard combination to achieve.


54 posted on 07/27/2018 11:21:32 AM PDT by Dave W
[ Post Reply | Private Reply | To 26 | View Replies]

To: COUNTrecount

Your post is spot on. That is the leftist SPIN we will hear as long as Trump is in office.

I’m more concerned that the Left has a system in place to not only SPIN economic news, but to actually SABOTAGE the economy. These RAT Bastard Socialists don’t care a whit about America or Americans unless they can control every aspect of our lives.

I hope the Trump administration has someone watching for these saboteurs and can nail them in the act.


55 posted on 07/27/2018 11:44:42 AM PDT by Auntie Dem (Hey! Hey! Ho! Ho! Terrorist lovers gotta go!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: BlackFemaleArmyCaptain

2014? Obama never had 4% growth.


56 posted on 07/27/2018 11:56:41 AM PDT by hattend
[ Post Reply | Private Reply | To 1 | View Replies]

To: BlackFemaleArmyCaptain

BOOKMARKED!!!


57 posted on 07/27/2018 11:59:13 AM PDT by NetAddicted (Just looking)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MortMan

4.0% growth was reported on Friday
Mid-week, the following, on page 9, it was revised to 2.6%


58 posted on 07/27/2018 11:59:15 AM PDT by Delmarksman (Pro 2A Anglican American (Ford and Chevy kill more people than guns do, lets ban them))
[ Post Reply | Private Reply | To 9 | View Replies]

To: palmer

“Obama’s GDP fluctuated a lot. I think the 4% in 2014 was preceded by a really bad quarter.”

The special sauce was always liberally applied to Obies GDP #’s.
His ONE quarter of good growth was followed by a -0.29. NEGATIVE 0.29!!
They must have used all their special sauce for that one quarter and had none for the following quarter.


59 posted on 07/27/2018 12:33:08 PM PDT by oldvirginian (Imagine, if you can.......a world without islam.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: WashingtonFire
...thank God for giving us this wonderful, brilliant, irreplaceable leader.

* * * *

And he makes it look easy...


60 posted on 07/27/2018 1:12:44 PM PDT by poconopundit (MAGA... Get the Spirit. Grow your community. Focus on your Life's Work. Empower the Young.)
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-79 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson