Federal Reserve now predicts Q2 Gdp growth of 3.8%

[Missourian]

Stupid Reply of yours. Doesn't deserve an answer

Hey, when you're going to make up stories to impress people on the internet, I might as well make my story a big one.

 

[Jim H - VA USA]

Well, so much for that doom and gloom talk. The economy is on fire...

FEDERAL RESERVE NOW PREDICTS 3.8% GDP GROWTH IN Q2.

• INFLATION IS DOWN: “Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows,” CNBC reports.
• INCOME IS UP: Personal income increased 0.8% in April — “almost TRIPLE the expectations.” “They’re powerful numbers — up 0.6% in January, up 0.7% in February, up 0.5% last month, up 0.8% this month. This is a GREAT four-month start to any year.”
  • CNBC: “The income numbers, really, for the first four months of year — they’re stellar … Why don’t we give credit where credit is due? Income really shooting up.”
• TRADE DEFICIT NARROWS: It was the largest monthly decline in the trade deficit on record.
  • CNBC: “We cut it in HALF!? … This really does underscore how the movement of goods and services has really changed due to a variety of tariff-related issues.”

“WOW”: Inflation Eases, Incomes Rise, Trade Deficit Plummets

“This is a GREAT four-month start to any year,” exclaimed CNBC’s Rick Santelli as brand new economic indicators show inflation is down, incomes are up,

www.whitehouse.gov

 

[Luckyone]

Hey, when you're going to make up stories to impress people on the internet, I might as well make my story a big one.

I never make up stories. I do thorough research, and I publish the research, the same I have been doing for 48 years.............and I should also say that I have been doing with more positive results than not.

You have shown/proven in this OP that you do not do the thorough research yourself.

 

[hadit]

Results adjust every month/qtr, with all presidents...A prelim first, then with all aspects and numbers calculated, the adjusted final results.

The question then to ask is, are the adjustments both up and down, which we would expect from chance? Or are they all one direction, which would imply a guiding intelligence?

 

[struth]

If Trump hadn't dropped the 145% tariffs against China, then the economy would be total disaster right now.

"Trump Always Chickens Out" -- TACO....the new Wall Street term for Trump's economic idiocy.

If? haha

Sit down little boy, the grown ups are in charge now

 

[Care4all]

The question then to ask is, are the adjustments both up and down, which we would expect from chance? Or are they all one direction, which would imply a guiding intelligence?

I believe, how the initial results are gathered, it can go either way....and I believe it has gone in the different directions previous times...but don't quote me on that, it is just on memory and I haven't researched it lately to confirm my belief...(and I am getting older...)

 

[Nostra]

Link us up to the “LARGEST MIDDLE CLASS TAX CUT IN HISTORY” Obama implemented , Dr. Phosphorous


Betcha can’t.

Where did Dr. Phosphorous run off too?

 

[Nostra]

Here, educate yourself, moron.


After a protracted debate, Congress and President Obama agreed at the end of 2010 to extend the Bush tax cuts for two years, 2011 and 2012. They allowed the Making Work Pay Credit to expire but replaced it with a payroll tax “holiday,” which reduced Social Security payroll taxes paid in 2011, and this was eventually extended through 2012. Lawmakers also extended expansions in the EITC and Child Tax Credit for two years.

After another protracted debate, Congress and President Obama agreed at the start of 2013 to make most, but not all, of the Bush tax cuts permanent. The same legislation extended the expansions of the EITC and Child Tax Credit for five years.

Federal Tax Cuts in the Bush, Obama, and Trump Years

Since 2000, tax cuts have reduced federal revenue by trillions of dollars and disproportionately benefited well-off households. From 2001 through 2018, significant federal tax changes have reduced revenue by $5.1 trillion, with nearly two-thirds of that flowing to the richest fifth of Americans.

itep.org

Hey Dr. Phosphorous are you still going to claim Obama didn’t extend the Bush tax cuts, liar?

 

[struth]

He didn't lie.

And this "lie" is a gnat on an elephant's ass compared to Trump's lies about the 2020 election, simp.

It was a massive lie, had he been honest he would of lost the 2020 election and the country would have avoided the four year horror show that was his admin

 

[Delldude]

Oh no....look:

 

[hadit]

Oh no....look:

You were not supposed to notice that.

 

[Delldude]

You were not supposed to notice that.

Where's postman and joeBS?

 

[Nostra]

Oh no....look:

Surely Dr. Phosphorous will be along to applaud this good news, right?

 

[toobfreak]

Well, so much for that doom and gloom talk. The economy is on fire...

I thought the economy being on fire WAS the doom and gloom democrats feared!

 

[Delldude]

4.6% GDP...... Taco's for everyone..

 

[toobfreak]

Federal Reserve now predicts Q2 Gdp growth of 3.8%​

Basically, this proves the federal government both incompetent, and having conspired for decades to hold back America in order to facilitate the development of other countries.

 

[Dr. Phosphorous]

Hey Dr. Phosphorous are you still going to claim Obama didn’t extend the Bush tax cuts, liar?

Wrong, simp. Not for people making above $400K. --

During the Obama administration, the Bush tax cuts were partially extended. Specifically, the 2001 Economic Growth and Tax Relief Reconciliation Act (EGTRRA) and the 2003 Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) were extended for individuals earning below $400,000 (or $450,000 for married couples). This meant that income tax rates, and some associated rules for itemized deductions and personal exemptions, were continued for these lower-income earners. However, capital gains, dividend, and estate tax rates were increased for higher-income individuals and wealthy households, meaning the tax cuts were not fully extended for those groups.

In addition, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 included measures to patch the Alternative Minimum Tax (AMT) and extend the 2001 EGTRRA and 2003 JGTRRA dividends and capital gains rates for two years. The 2010 act also included an extension of the EGTRRA 2001 income tax rates for two years.

In essence, Obama's administration chose to extend the Bush tax cuts for most taxpayers while also increasing taxes on some higher earners and implementing other tax-related measures.

Google Search

 

[Nostra]

Wrong, simp. Not for people making above $400K. --

During the Obama administration, the Bush tax cuts were partially extended. Specifically, the 2001 Economic Growth and Tax Relief Reconciliation Act (EGTRRA) and the 2003 Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) were extended for individuals earning below $400,000 (or $450,000 for married couples). This meant that income tax rates, and some associated rules for itemized deductions and personal exemptions, were continued for these lower-income earners. However, capital gains, dividend, and estate tax rates were increased for higher-income individuals and wealthy households, meaning the tax cuts were not fully extended for those groups.

In addition, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 included measures to patch the Alternative Minimum Tax (AMT) and extend the 2001 EGTRRA and 2003 JGTRRA dividends and capital gains rates for two years. The 2010 act also included an extension of the EGTRRA 2001 income tax rates for two years.

In essence, Obama's administration chose to extend the Bush tax cuts for most taxpayers while also increasing taxes on some higher earners and implementing other tax-related measures.

Google Search

So now you admit he extended the Bush tax cuts.


Now show us your link to Barry Hussein’s BIGGEST TAX CUT IN HISTORY!

 

[AntonToo]

Inflation is at 2.3% and dropping

Dummy, why the hell would it be dropping when all the imports got more expensive? Because you wish it was so?

Fed is not keep high interest rates because they think inflation is falling, they are keeping it up because they don't belive that.

"We'll have to wait until next month to get a real sense of how tariffs are affecting the economy," Morgan Stanley Wealth Management chief economic strategist Ellen Zentner said. "The question isn't whether tariffs will have an impact, it's a question of how big that impact will be."

https://finance.yahoo.com/news/fed-set-to-hold-rates-steady-despite-as-good-as-it-gets-inflation-print-144428842.html

 

[AntonToo]

Basically, this proves the federal government both incompetent, and having conspired for decades to hold back America in order to facilitate the development of other countries.

Q1 was negative. What did that prove dumbass?

Time for some introduction to basic economic cause and effects:

Q1 was more negative due to accelerated imports as companies wanted to stock up ahead of big tarrifs.
Q2 is more positive due to exactly opposite dynamic - companies imported less.

Overall annualized GDP growth is below 2% YTD (even assuming rosy Q2 scenario holds up in BEA data).