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

[Erinwltr]

Who? Oh that Obama guy, nobody is missing him. 30 states clearly had enough of him and his stupid leftist policies good riddance.

LOL! Still butt hurt over a black prez, I see. Don't worry, the Orange Divinity of Anus in the WH has plenty of this at his Mar-a-Lago shithole stocked and ready to go for folks like you.

 

[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."

Nope. Lying is all you have. Go Trump.

 

[JusticeHammer]

Who? Oh that Obama guy, nobody is missing him. 30 states clearly had enough of him and his stupid leftist policies good riddance.

LOL! Still butt hurt over a black prez, I see. Don't worry, the Orange Divinity of Anus in the WH has plenty of this at his Mar-a-Lago shithole stocked and ready to go for folks like you.

Not butthurt, just glad the lying commie bafoon is gone. Go Trump, better than any libtard.

 

[BluesLegend]

Who? Oh that Obama guy, nobody is missing him. 30 states clearly had enough of him and his stupid leftist policies good riddance.

LOL! Still butt hurt over a black prez, I see. Don't worry, the Orange Divinity of Anus in the WH has plenty of this at his Mar-a-Lago shithole stocked and ready to go for folks like you.

I thought he was half white?

 

[Marion Morrison]

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."

It cooled much more in China.

.

Cooled to 6% rate of GDP growth? Trump could only dream of that.

Sometimes the only way to go is up.

 

[Staidhup]

What is there to miss about a community organizer and his failed presidency? Then again it is after all about free this and that.

 

[rightwinger]

What is there to miss about a community organizer and his failed presidency? Then again it is after all about free this and that.

The US and the world miss the stable leadership of the Great Obama

 

[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."

Not only GDP is below the Obama era,

Obama had 1.6% GDP growth in 2016.

Trump is spiraling down. 1.6% is a number he will aspire to before the end of his tenure in 2021.

 

[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."

Nope. Lying is all you have. Go Trump.

Lying is all Donald Trump has. Trump is over 12,000 lies and rising since inauguration.

 

[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."

It cooled much more in China.

.

Cooled to 6% rate of GDP growth? Trump could only dream of that.

Sometimes the only way to go is up.

From a Trump bottom?

 

[westwall]

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."

Nope. Anybody who misses the obummer years was asleep. Or just plain stupid.

America misses the stable leadership of the Great Obama

Biden will be Obama 2.0

America is thankful the banana republic wanna be dictator is long gone.

 

[Marion Morrison]

What is there to miss about a community organizer and his failed presidency? Then again it is after all about free this and that.

The US and the world miss the stable leadership of the Great Obama

Maybe our enemies and ISIS do, but fuck them.

 

[Oddball]

Acquiescence to looters and tyrants affects liberty profoundly....You apparently are good with that.

You're welcome to sit in the corner and sob about it.

Meanwhile, tax policy profoundly affects the economy, and will continue to do so.
.

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

 

[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."

Nope. Lying is all you have. Go Trump.

Lying is all Donald Trump has. Trump is over 12,000 lies and rising since inauguration.

And still trying to catch the dimwits.

 

[JusticeHammer]

What is there to miss about a community organizer and his failed presidency? Then again it is after all about free this and that.

The US and the world miss the stable leadership of the Great Obama

All delusional fools. Obuthole was far from great.

 

[Marion Morrison]

I'm thinking Michelle may be a real woman.
That's not a man's shape.

 

[Andylusion]

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."

No of course not. Obama made what should have been a quick recovery, into a nearly decade long "great recession". No I don't miss him. Period. Under any circumstances.

Nothing Obama did, was of any benefit. He only made a recovery that would have happened had he done nothing... drag out for a decade, with bad policies.

 

[OKTexas]

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."

It cooled much more in China.

.

Cooled to 6% rate of GDP growth? Trump could only dream of that.

Down from their 15% high, can you say recession?

.

 

[CrusaderFrank]

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?

 

[otto105]

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."

Nope, I don't miss having an anti-American Apologist Racist Fraud for a President one bit.

But ya sure love that orange liar...