Quarterly GDP Numbers Come Out Friday: 4.2% or 5.2%? (Alabama, Obama, independent)

[J_Quayle_Higgins_III]

Originally Posted by Oklazona Bound

The first tax cuts seem to be stimulating the economy and decreasing the deficit. So far so good.

Except that it has put us back on the road to trillion dollar deficits maybe as early as next year, so no, not true

[J_Quayle_Higgins_III]

I have never seen so much hoopla over a single quarter's GDP numbers. I guess when the other one's have missed the mark by so much, you will cheer for anything.

[momonkey]

Originally Posted by Tall Traveler

Those were projections before the quarter and this is after the quarter, very different. Anyway, hoping for your whale tears tomorrow as America keeps winning causing great sadness in the Democrat party which represents everything but America or Americans.

I do love me some Democrat tears!



https://www.youtube.com/watch?v=0ZcDdCLeUZ4


Looking forward to a really good number.

[James Bond 007]

And the number is .... 4.1%, pretty much as expected.

https://www.bea.gov/newsreleases/nat...ewsrelease.htm



Q1 was revised up from 2.0% to 2.2%.

Of note on yearly revisions, from the link:
"For 2017, real GDP growth was revised down 0.1 percentage point. A downward
revision to PCE, an upward revision to imports, and downward revisions to state and
local government spending and exports were partly offset by upward revisions to
inventory investment, nonresidential fixed investment, residential investment, and
federal government spending."

2012 GDP growth was unrevised
2013 was revised up 0.1%
2014 was revised down 0.1%
2015 was unrevised
2016 was revised up 0.1%

[OnOurWayHome]

It's temporary due to a rush to get business done before tariffs hit. But you trumpees enjoy your moment. You don't get many of them.

[marino760]

All the legitimate talking heads this morning including Bloomberg says this is a great number for the economy to keep rolling strongly forward. Anything negative from the left field especially here on CD is nothing more than sore losers hoping the economy was going to tank.

[phma]

Good number. Not to hot and not to cold.

[James Bond 007]

More on the revisions ...

Go to Table 1 on pg. 15:
https://www.bea.gov/newsreleases/nat...dp2q18_adv.pdf

Last year's GDP growth is now:
Q1: 1.8%
Q2: 3.0%
Q3: 2.8%
Q4: 2.3%
Then 2.2% and 4.1% for this year.

The previous numbers which showed two consecutive quarters of 3% GDP growth last year are gone.

[LibertyandJusticeforAll]

Originally Posted by prospectheightsresident

Didn't leftist "economists" say that 3% economic growth under President Trump and his policies was "impossible?"

Democrats no nothing about freedom or liberty and economic growth. They do love restrictions, blaming everything on Russians and supporting people who break the law. Sounds like a great 2020 platform good luck with that :-) Also since Maxine Waters is calling for people to take the streets to protest, what is it they are protesting again. Jobs? Tax cuts? employment? Sending illegal immigrants home? Not to many people are going to protest in the streets Maxine, they are to BUSY WORKING!!!!

[Finn_Jarber]

Originally Posted by OnOurWayHome

It's temporary due to a rush to get business done before tariffs hit. But you trumpees enjoy your moment. You don't get many of them.

Yes. Soybeans up 9 000% with farmers trying to get rid of everything before getting slammed by the tariffs.