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

[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.

And still trying to catch the dimwits.

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.

Bush 3, Donald 'W' Trump wants to take the USA back to the end of the Bush era, and then down from there.

 

[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.

 

[edthecynic]

Obama made what should have been a quick recovery, into a nearly decade long "great recession"

Actually, Obama made The Great Bush Recession into a decade long growth without a recession. Recessions normally occur every 4 years, Tramp is on course for returning to the pattern.

 

[Toddsterpatriot]

Obama made what should have been a quick recovery, into a nearly decade long "great recession"

Actually, Obama made The Great Bush Recession into a decade long growth without a recession. Recessions normally occur every 4 years, Tramp is on course for returning to the pattern.

Recessions normally occur every 4 years,

https://www.nber.org/cycles.html

You're a bit off.

 

[edthecynic]

Obama made what should have been a quick recovery, into a nearly decade long "great recession"

Actually, Obama made The Great Bush Recession into a decade long growth without a recession. Recessions normally occur every 4 years, Tramp is on course for returning to the pattern.

Recessions normally occur every 4 years,

View attachment 276782
https://www.nber.org/cycles.html

You're a bit off.

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

 

[Toddsterpatriot]

Obama made what should have been a quick recovery, into a nearly decade long "great recession"

Actually, Obama made The Great Bush Recession into a decade long growth without a recession. Recessions normally occur every 4 years, Tramp is on course for returning to the pattern.

Recessions normally occur every 4 years,

View attachment 276782
https://www.nber.org/cycles.html

You're a bit off.

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.

 

[edthecynic]

Obama made what should have been a quick recovery, into a nearly decade long "great recession"

Actually, Obama made The Great Bush Recession into a decade long growth without a recession. Recessions normally occur every 4 years, Tramp is on course for returning to the pattern.

Recessions normally occur every 4 years,

View attachment 276782
https://www.nber.org/cycles.html

You're a bit off.

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.

 

[Toddsterpatriot]

Obama made what should have been a quick recovery, into a nearly decade long "great recession"

Actually, Obama made The Great Bush Recession into a decade long growth without a recession. Recessions normally occur every 4 years, Tramp is on course for returning to the pattern.

Recessions normally occur every 4 years,

View attachment 276782
https://www.nber.org/cycles.html

You're a bit off.

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.

 

[edthecynic]

Actually, Obama made The Great Bush Recession into a decade long growth without a recession. Recessions normally occur every 4 years, Tramp is on course for returning to the pattern.

Recessions normally occur every 4 years,

View attachment 276782
https://www.nber.org/cycles.html

You're a bit off.

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.

 

[AzogtheDefiler]

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."

China has been stealing for years. Would you just turn a blind eye?

 

[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."

China has been stealing for years. Would you just turn a blind eye?

Clearly they would.

 

[Erinwltr]

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

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.

 

[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."

China has been stealing for years. Would you just turn a blind eye?

Trump is removing Uncle Sam's good eye.

 

[AzogtheDefiler]

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."

China has been stealing for years. Would you just turn a blind eye?

Trump is removing Uncle Sam's good eye.

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

 

[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."

China has been stealing for years. Would you just turn a blind eye?

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.

 

[Toddsterpatriot]

Recessions normally occur every 4 years,

View attachment 276782
https://www.nber.org/cycles.html

You're a bit off.

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?

 

[Toddsterpatriot]

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."

China has been stealing for years. Would you just turn a blind eye?

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.

Well, that leaves out the current Dem field......maybe by 2028?

 

[AzogtheDefiler]

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."

China has been stealing for years. Would you just turn a blind eye?

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.

 

[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

China has been stealing for years. Would you just turn a blind eye?

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.

 

[AzogtheDefiler]

China has been stealing for years. Would you just turn a blind eye?

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.