Posted on 07/01/2019 8:43:30 AM PDT by Olog-hai
The U.S. economy broke a record for its longest expansion ever Monday.
Economic expansion has continued for more than 10 years. Growth is now in its 121st month since the Great Recession ended in June 2009, according to the National Bureau of Economic Research.
The economy set its previous 120-month record between March 1991 and March 2001. That growth period ended after the dot com bubble burst.
The rate of growth, however, has been slower than during other periods of economic expansion. For example, during that previous record-holding period in the 90s, the average growth was 3.6 percent per year. The 10 previous economic expansions, going back to World War II, averaged a 4.3 percent. But this current expansion period has averaged just 2.3 percent growth per year.
As of the first quarter, U.S. GDP grew 3.1 percent.
(Excerpt) Read more at foxbusiness.com ...
You missed Varney, Reagan, Dobbs and Charles Payne. These are four good American citizens that are reporting real news with very little left wing BS.
Varney is great.
I’m usually working when he is on, but recently on vacation I got to watch quite a bit of his show.
Didn’t Paul Krugman take all his investments and convert them into Venuzualan Bolivars when he predicted Trump would trash the economy?
DK
>>>But this current expansion period has averaged just 2.3 percent growth per year<<<
So now they are trying to link the Trump Administration with Obama’s slowest Recovery since the Great Depression.
POTUS Trump is raising the average.
Trump’s blessed fault.
Obamacare was a big part of it, but just as damaging with less notice was the increase in regulations that exploded under Obama. Businesses had to contend with Obamacare and it definitely hurt them, but the regulatory burdens and uncertainties for business owners hurt also.
My point was that the pumping by the Fed masked all of the negative undercurrents as people did not see Wall Street taking a dive, but it was based on free money to invest and not economic strength and certainty.
Was it the NBER that reported:
“...All Americans haven’t benefitted (sic) from the growth equally...” ?
SO WHAT?
Is there ANY evidence that ANY “recovery” in all of history EVER effected every single person “equally”? No?
So the “standard” that the NBER tries to use to “prove” that a “good” economy is really “BAD” is itself BOGUS.
So much for calling “economics” a “science”.
Clearly, the “in-breeding” of academic “theories” has led to defective results...
...Obamas slowest Recovery since the Great Depression...
The big bankers are going to crash it just in time for the election just like the SNB did when they unpegged the EURCHF...it's that easy for them. They'll short the market and get the globalist they want.
And a true sign of how delicate this market is is the fact is that is tanks every time we speak of raising interest rates above 2 1/2%...which is ridiculous. Most big companies have used their tax cuts for stock buy-backs (another reason the market is where it is)...and stock buy-backs were at record highs last year.
There are MANY reasons the market is where it is...and a lot of it is an illusion.
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