Miss Obama yet? US economy cooled more than originally thought in the 2nd quarter...Trump trade war

[Mac1958]

2.0%. That's it.

 

[edthecynic]

Only by about 2 years.
From your own link: 1945-2009 (11 cycles) = 5.9 years per cycle.

Getting further apart.
5 since 1980, 8 years apart.

If you cherry pick a short enough period of time you can get anything you want. But you knew that already.
The longer the period of time the more accurate the average.
Again from your own link: 1854-2009 (33 cycles) = 4.7 years per cycle.

If you cherry pick a short enough period of time you can get anything you want.

If you pretend the pre-Fed period has anything in common with the post-Fed period, you'll use all sorts of superfluous data.

The longer the period of time the more accurate the average.

Not in this case.

OK, the FED was founded in 1913, so from 1918 to 2009 there were 18 cycles = 5.0 years between cycles.

OK, the FED was founded in 1913,

Yup. And they still didn't know what they were doing in the 1930s when they worsened the Great Depression.

They've gotten better at it, which is why 2007 didn't turn into another Depression.

Since 1980, only 5.

Do you seriously think that going forward, they'll happen every 5 years?

If the GOP retain power, YES!

 

[whitehall]

It might be a case of a glass half empty to the crazy left but the link looked pretty good for the Trump administration. Lefties love to fudge statistics but the truth of the matter is that the Obama administration never reached a 3% GDP in a yearly average in eight (long long) years.

 

[edthecynic]

It might be a case of a glass half empty to the crazy left but the link looked pretty good for the Trump administration. Lefties love to fudge statistics but the truth of the matter is that the Obama administration never reached a 3% GDP in a yearly average in eight (long long) years.

And neither has Tramp!

 

[Brain357]

The clowns love him with all his failures. They are just sheep that follow.

 

[Brain357]

Trump is removing Uncle Sam's good eye.

Nope. You look stupid if you just criticize but don’t provide an alternative solution

Replacing the present dolt from the Presidency and electing an intelligent POTUS would be a good start.

Skirting the issue once more. What a waste of a life you are.

I have saved you a change of diaper. Please don't thank me.

Unlike you, I am not old and don’t need one. When you can answer the actual question I asked let me know.

China has been sending us their resources for next to nothing, that’s a problem? We should be thanking them. We get their resources, they get all the pollution,

 

[whitehall]

It might be a case of a glass half empty to the crazy left but the link looked pretty good for the Trump administration. Lefties love to fudge statistics but the truth of the matter is that the Obama administration never reached a 3% GDP in a yearly average in eight (long long) years.

And neither has Tramp!

Maybe T

It might be a case of a glass half empty to the crazy left but the link looked pretty good for the Trump administration. Lefties love to fudge statistics but the truth of the matter is that the Obama administration never reached a 3% GDP in a yearly average in eight (long long) years.

And neither has Tramp!

Trump is coming up on his 3rd year and "analysts" downgraded his 2018 3% GDP but they couldn't fudge figures enough to show 3% GDP in Obama's entire eight freaking years. Unemployment is still at a historic low in spite of the trade war with democrats and the media undermining everything they could not to mention the witch hunt investigation about nothing and the conspiracy to assassinate every conservative republican at a baseball game.









analysts"

 

[Oddball]

Oh, and BTW, any time resources are stolen from the productive, and used to feather the nests of those who did nothing to earn them, that also affects the economy....negatively.

Sitting around and arguing shades and degrees of this expropriation and redistribution is the realm of navel gazing serfs.

There is no one doing more navel-gazing than those off in the corner, muttering about "freedom" and "liberty", as if they own the definitions. If you don't like our economic system, you can either change it (ha ha) or live with it.

My guess is that you'll have to live with it.
.

That's a good little serf....Hope you get that extra little scoop of porridge.

The US tax code ain't goin' anywhere, Scooby. Pay your taxes to The Man like the rest of us and be a good little beotch.

no

Knock yourself out, Eternal Big Man oddball on USMB. Unless you are a back water, cash carrying muskrat hunter for it's svelte skin and fine fur, or a wealth preservation high flying tax and finance attorney for fat fucks like the Orange Mange in the WH, you pay payroll taxes. You are Uncle Sam's beotch.

So certain are you.

 

[edthecynic]

It might be a case of a glass half empty to the crazy left but the link looked pretty good for the Trump administration. Lefties love to fudge statistics but the truth of the matter is that the Obama administration never reached a 3% GDP in a yearly average in eight (long long) years.

And neither has Tramp!

Maybe T

It might be a case of a glass half empty to the crazy left but the link looked pretty good for the Trump administration. Lefties love to fudge statistics but the truth of the matter is that the Obama administration never reached a 3% GDP in a yearly average in eight (long long) years.

And neither has Tramp!

Trump is coming up on his 3rd year and "analysts" downgraded his 2018 3% GDP but they couldn't fudge figures enough to show 3% GDP in Obama's entire eight freaking years. Unemployment is still at a historic low in spite of the trade war with democrats and the media undermining everything they could not to mention the witch hunt investigation about nothing and the conspiracy to assassinate every conservative republican at a baseball game.

Tramp got caught cooking hid GDP and unemployment numbers, "REAL" unemployment is around 50 to 60%.

 

[The Purge]

 

[JusticeHammer]

Donald Trump is failing to match Obama's GDP growth despite the tax cut and tariffs. Not only GDP is below the Obama era, but job growth is also below the Obama era.

Donald Trump is starting to panic as his gut has run out of ideas to win the trade war and turn the economy away from a recession.

Unfortunately for Donald Trump, he has appointed a cabinet of sycophants which is incapable of suggesting anything other than how great Donald Trump is.

So far into his tenure, Donald Trump has achieved nothing except to increase the deficit and the debt and elevate Donald Trump to the greatest liar the world has ever witnessed.

At the end of Trump's tenure, Trump's oor performance will elevate Obama to superstar status.

The US economy cooled by more than originally thought in the 2nd quarter as Trump's trade wars raged | Markets Insider

The US economy cooled by more than originally thought in the 2nd quarter as Trump's trade wars raged
Gina Heeb
Aug. 29, 2019, 10:09 AM
REUTERS/Brian Snyder
The American economy expanded at a slower pace than initially thought in the second quarter.
The Commerce Department estimated Thursday that US gross domestic product, a measure of all the goods and services produced in a country, rose 2% from April to June.
The results dimmed the prospect that the White House would reach its growth estimates for the year.
Visit Markets Insider for more stories.
The American economy expanded more slowly than previously expected but remained at a solid pace in the second quarter as stronger consumer spending only partially offset weaker exports and business investment amid the Trump administration's trade disputes.
The Commerce Department on Thursday estimated that gross domestic product, a measure of all the goods and services produced in a country, rose by 2% from April to June. That was lower than the 2.1% growth that was originally reported and the 3.1% growth from the previous quarter.
Consumer spending, which accounts for more than two-thirds of activity in the US economy, remained one of the brightest spots. That measure picked up to a robust pace of 4.7% growth in the second quarter, its fastest pace since 2014.
Other measures out Thursday suggested tariffs President Donald Trump had levied on major trading partners dragged on growth by more than originally thought in the second quarter. The trade deficit, which has been volatile over the past year, widened further to $982.5 billion as the outlook for exporters remained uncertain.
"The third quarter should be less uneven, but the outlook for capital spending is deteriorating rapidly in the face of slower earnings growth and uncertainty created by the trade war," said Ian Shepherdson, the chief economist at Pantheon Macroeconomics.
A key measure of inflation, the price index for personal-consumption expenditures, rose by 2.2% from April to June, slightly less than originally thought and compared with a 0.4% increase in the first quarter.
Thursday's results dimmed the prospect that the White House would reach its growth estimates for the year. The Council of Economic Advisers forecast a print of more than 3% this year, far above forecasts by the Federal Reserve and other independent economists.
The central bank lowered interest rates by a quarter percentage point in July, citing below-target inflation and trade uncertainty. Growth concerns have mounted since then, with a key recession warning this month flashing for the first time in more than a decade.
With strong consumer spending and a historically tight labor market, Fed Chairman Jay Powell signaled last week that he was not eager to ease at the pace the White House has pushed for. Trump has demanded central bankers slash rates by up to a full percentage point, an adjustment that would typically be made only during a downturn.
"While there is no doubt that the economy is cooling, taking this morning's read into historical context, we're actually still chugging along though," said Mike Loewengart, the vice president of investment strategy at E-Trade. "There remains a solid backdrop of fundamentals."

Didn't Obama just get through taking credit for this economy?

That's before Bush 3, Donald 'W' Trump sent it into a downward spiral.

You're delusional.

 

[Denizen]

Donald Trump is failing to match Obama's GDP growth despite the tax cut and tariffs. Not only GDP is below the Obama era, but job growth is also below the Obama era.

Donald Trump is starting to panic as his gut has run out of ideas to win the trade war and turn the economy away from a recession.

Unfortunately for Donald Trump, he has appointed a cabinet of sycophants which is incapable of suggesting anything other than how great Donald Trump is.

So far into his tenure, Donald Trump has achieved nothing except to increase the deficit and the debt and elevate Donald Trump to the greatest liar the world has ever witnessed.

At the end of Trump's tenure, Trump's oor performance will elevate Obama to superstar status.

The US economy cooled by more than originally thought in the 2nd quarter as Trump's trade wars raged | Markets Insider

The US economy cooled by more than originally thought in the 2nd quarter as Trump's trade wars raged
Gina Heeb
Aug. 29, 2019, 10:09 AM
REUTERS/Brian Snyder
The American economy expanded at a slower pace than initially thought in the second quarter.
The Commerce Department estimated Thursday that US gross domestic product, a measure of all the goods and services produced in a country, rose 2% from April to June.
The results dimmed the prospect that the White House would reach its growth estimates for the year.
Visit Markets Insider for more stories.
The American economy expanded more slowly than previously expected but remained at a solid pace in the second quarter as stronger consumer spending only partially offset weaker exports and business investment amid the Trump administration's trade disputes.
The Commerce Department on Thursday estimated that gross domestic product, a measure of all the goods and services produced in a country, rose by 2% from April to June. That was lower than the 2.1% growth that was originally reported and the 3.1% growth from the previous quarter.
Consumer spending, which accounts for more than two-thirds of activity in the US economy, remained one of the brightest spots. That measure picked up to a robust pace of 4.7% growth in the second quarter, its fastest pace since 2014.
Other measures out Thursday suggested tariffs President Donald Trump had levied on major trading partners dragged on growth by more than originally thought in the second quarter. The trade deficit, which has been volatile over the past year, widened further to $982.5 billion as the outlook for exporters remained uncertain.
"The third quarter should be less uneven, but the outlook for capital spending is deteriorating rapidly in the face of slower earnings growth and uncertainty created by the trade war," said Ian Shepherdson, the chief economist at Pantheon Macroeconomics.
A key measure of inflation, the price index for personal-consumption expenditures, rose by 2.2% from April to June, slightly less than originally thought and compared with a 0.4% increase in the first quarter.
Thursday's results dimmed the prospect that the White House would reach its growth estimates for the year. The Council of Economic Advisers forecast a print of more than 3% this year, far above forecasts by the Federal Reserve and other independent economists.
The central bank lowered interest rates by a quarter percentage point in July, citing below-target inflation and trade uncertainty. Growth concerns have mounted since then, with a key recession warning this month flashing for the first time in more than a decade.
With strong consumer spending and a historically tight labor market, Fed Chairman Jay Powell signaled last week that he was not eager to ease at the pace the White House has pushed for. Trump has demanded central bankers slash rates by up to a full percentage point, an adjustment that would typically be made only during a downturn.
"While there is no doubt that the economy is cooling, taking this morning's read into historical context, we're actually still chugging along though," said Mike Loewengart, the vice president of investment strategy at E-Trade. "There remains a solid backdrop of fundamentals."

Didn't Obama just get through taking credit for this economy?

That's before Bush 3, Donald 'W' Trump sent it into a downward spiral.

You're delusional.

Trump fantasies and propaganda make reality seem delusional to Trump supporters.

 

[AzogtheDefiler]

Nope. You look stupid if you just criticize but don’t provide an alternative solution

Replacing the present dolt from the Presidency and electing an intelligent POTUS would be a good start.

Skirting the issue once more. What a waste of a life you are.

I have saved you a change of diaper. Please don't thank me.

Unlike you, I am not old and don’t need one. When you can answer the actual question I asked let me know.

China has been sending us their resources for next to nothing, that’s a problem? We should be thanking them. We get their resources, they get all the pollution,

They have been stealing for years as well. Ask Microsoft. Costing us billions. They have been manipulating the currency as well.

 

[Brain357]

Replacing the present dolt from the Presidency and electing an intelligent POTUS would be a good start.

Skirting the issue once more. What a waste of a life you are.

I have saved you a change of diaper. Please don't thank me.

Unlike you, I am not old and don’t need one. When you can answer the actual question I asked let me know.

China has been sending us their resources for next to nothing, that’s a problem? We should be thanking them. We get their resources, they get all the pollution,

They have been stealing for years as well. Ask Microsoft. Costing us billions. They have been manipulating the currency as well.

Most of their stealing is thanks to US companies sending them our tech. The WTO has ways to prosecute those who are stealing. Does manipulating their currency hurt us or them?

Disciplining China's Trade Practices at the WTO: How WTO Complaints Can Help Make China More Market-Oriented

 

[AzogtheDefiler]

Skirting the issue once more. What a waste of a life you are.

I have saved you a change of diaper. Please don't thank me.

Unlike you, I am not old and don’t need one. When you can answer the actual question I asked let me know.

China has been sending us their resources for next to nothing, that’s a problem? We should be thanking them. We get their resources, they get all the pollution,

They have been stealing for years as well. Ask Microsoft. Costing us billions. They have been manipulating the currency as well.

Most of their stealing is thanks to US companies sending them our tech. The WTO has ways to prosecute those who are stealing. Does manipulating their currency hurt us or them?

Disciplining China's Trade Practices at the WTO: How WTO Complaints Can Help Make China More Market-Oriented

They have been stealing a lot. We can turn a blind eye or we can call them out. They also stole drug patents. The trade war did not come out of nowhere.

Bloomberg - Are you a robot?

 

[Brain357]

I have saved you a change of diaper. Please don't thank me.

Unlike you, I am not old and don’t need one. When you can answer the actual question I asked let me know.

China has been sending us their resources for next to nothing, that’s a problem? We should be thanking them. We get their resources, they get all the pollution,

They have been stealing for years as well. Ask Microsoft. Costing us billions. They have been manipulating the currency as well.

Most of their stealing is thanks to US companies sending them our tech. The WTO has ways to prosecute those who are stealing. Does manipulating their currency hurt us or them?

Disciplining China's Trade Practices at the WTO: How WTO Complaints Can Help Make China More Market-Oriented

They have been stealing a lot. We can turn a blind eye or we can call them out. They also stole drug patents. The trade war did not come out of nowhere.

Bloomberg - Are you a robot?

Stealing or have our corporations given them a lot in search of higher profits? And again, the WTO has ways for dealing with stealing. The facts is that it's just a silly political game. China has sent us their resources for next to nothing and they get to keep all the pollution. We should be thanking them.

 

[AzogtheDefiler]

J

Unlike you, I am not old and don’t need one. When you can answer the actual question I asked let me know.

China has been sending us their resources for next to nothing, that’s a problem? We should be thanking them. We get their resources, they get all the pollution,

They have been stealing for years as well. Ask Microsoft. Costing us billions. They have been manipulating the currency as well.

Most of their stealing is thanks to US companies sending them our tech. The WTO has ways to prosecute those who are stealing. Does manipulating their currency hurt us or them?

Disciplining China's Trade Practices at the WTO: How WTO Complaints Can Help Make China More Market-Oriented

They have been stealing a lot. We can turn a blind eye or we can call them out. They also stole drug patents. The trade war did not come out of nowhere.

Bloomberg - Are you a robot?

Stealing or have our corporations given them a lot in search of higher profits? And again, the WTO has ways for dealing with stealing. The facts is that it's just a silly political game. China has sent us their resources for next to nothing and they get to keep all the pollution. We should be thanking them.

So you would do nothing. Correct? That may actually be the right answer. I disagree but my opinion is not fact. There are tangible arguments on both sides.