A Tale of Two Economies: Growth for Now, Recession in the Near Future http://www.investmentwatchblog.com/a...e-near-future/ The U.S. economy grew even faster during the second quarter than what was initially reported. New numbers reveal a larger bump in corporate spending. The Trump/GOP tax cuts helped jumpstart the economy from April to June this year as investment and growth are accelerating 19 months into President Trump’s first term in office. Gross Domestic Product increased at an annual rate of 4.2 percent in the second quarter, revised up from 4.1 percent. This is the fastest growth in almost four years and was almost twice as much as the first quarter’s growth. We will see if this spike in in economic activity is a blip from the tax cuts and the rush of exports in anticipation of more tariffs or a sign of sustained economic growth for the last six months of the year. The economy is doing well enough for Republicans to hold onto their majorities in DC. But the warning signs are getting harder to ignore. The recession is likely coming in the next two years. We all must take the proper precautions for when that day finally comes. ~~~~~~ Hmm...., it’s called “the business cycle.” You’d think an “economist” would know about such things. Typically Chuck Schumer has called for other metrics than GDP to be used for determining whether the average voter is benefiting from the economic upsurge. One can infer from such Democrat “muddy water” tactics that the economic upsurge poses a threat to their election outcome. They appear to believe the GDP will likely post excellent results for the third quarter, and estimates will be very good for the year as a whole.Using the same metrics for measuring unemployment as used during Obama’s administrations, if unemployment continues the current downward trend, it will become apparent that the methodology was manipulated to misrepresent the true depth of economic depression experienced. I’m no economist, but I figure that at some point an upturn will happen, followed by a downturn, but a downturn could continue for a long time, such as when Obama was in charge. If the economy isn’t “messed with” too much it could remain fairly stable overall without outside influences. Just my theory. Meanwhile Bob Shanahan's prediction of a recession sometime within 2 years is about as useful as a newspaper description of a criminal being a man wearing a dark clothing and sneakers.