And the number is in "Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018". https://www.bea.gov/data/gdp/gross-domestic-product All engines firing and a solid out look looking forward. Incomes increasing, record low unemployment, more jobs than people available. Why would anyone vote socialist democrats into office to reverse it all?
Obama did it, Trump is just riding in his wake. You just watch, Trump will destroy the economy, the US standing in the world, everything. You just watch
For someone as versed in economics as you are, you'd think you acknowledge the fact that this level of growth is unsustainable, and a correction/crash will happen. Acting like it'll never stop simply because Trump is in office is ridiculous. This is the longest bullrun economy in US history, which means a crash IS on the horizon. Better hope those interest rates don't climb to high or the Trillion Dollar Deficits that are going to come, coupled with the multi-trillion dollar debt on hand is going to make 08 look like peanuts.
Numbers are certainly not pointing towards a correction or a crash but when one comes who do you want to be in control of the government the Republicans or the Democrats? And you know what CBO has a horrible record of predicting the results of tax policy and future deficit/surplus. So don't project out based on them. We have a mild correction in a few years it will just be a buying opportunity. After the Gingrich/Kasich tax rate cuts and the Bush43 tax rate cuts in spite of CBO predictions otherwise we had surpluses and measly deficits heading towards them based on record tax revenue increase while under the Clinton tax rate increase instead of the surpluses tax revenue growth fell, it would have been better had he done nothing.
This kind of thing never goes on forever. The DJIA has gone up 20,000 points in 10 years. P/E ratios on the major indices are around 16, Russell 2000 and NASDAQ around 20. This has been the longest bull run most of us have ever seen. I guess that's why I'm cautious. Watch for speculation in tech, housing, and financial sectors.
US first-quarter growth slowed more than estimated, weighed down by the weakest consumer spending in nearly 5 years... Gross domestic product increased at a 2.0 percent annual rate in the January-March period, instead of the 2.2 percent pace it reported last month. https://www.cnbc.com/2018/06/27/final-reading-on-first-quarter-2018-gdp.html So, all cylinders are firing?
OMIGOSH!!! That is HORRIBLE!! (Revised UP from 4.1% I see!! ). It's clear that the current GROWTH POLICIES are designed to kill children and the elderly, by giving them more $$, with which to do dangerous things...curse that TRUMP!!!!!
Awwww...is da po' widdo' wiberal upset? The post holidays always see a dropoff in consume spending, (the primary driver of our GDP) especially after the CRACKIN' 4th quarter of 2017. Let's see...2% + 4.2% = 6.2% /2 = 3.1% AVERAGE GROWTH over the first half of the year. Bu-bu-but "3% ANNUAL GROWTH IS IMPOSSIBLE!!" Halfway there, already. Enjoy!!
Not upset just used to annual results and not a cheerleader for short-term..I get all my annuities annually...
Then you should be happy with the way things are going. And 2% growth after the booming fourth quarter of 2017 was NO LOSS, by any means...
Which previously never got the levels it should have and was in fact petering out and people talking a recession in the cycle and now new blood, not phoney Fed Reserve money, being injected and the economy FINALLY getting on track for the growth we should have had 6 years ago.
Yep the 4.1% held and in fact got a little boost. And we've had nothing but good news this month. Geez don't let the Democrats take back the Congress and monkey thing up.
Well let's keep the Democrats from taking back the Congress and monkeying things up and your annuities will be even better.
This level of growth is perfectly sustainable, as long as economic activity continues to occur. A whole 80% of the work force are employees. 80%. Do you know how many millions of minds are untapped in terms of their entrepreneur capabilities and potential? We're talking tens of hundreds of billions of jobs, lying in the mind of each American who feels he can't take the financial risk or doesn't have the time or the knowledge. By actively micromanaging these factors, the government can effect more jobs than any stimulus bill ever could.
Leftie logic: the economy is too strong, Trump is going to cause a crash Leftie logic: the economy is strong, but Obama deserves the credit, all hail Obama Leftie logic: the economy isn't growing fast enough, Trump sucks Do you folks ever even attempt to synchronize your talking points??
I can make money no matter who is in office, been doing it for 45 years..If there is a will, there is a way...