Second-quarter GDP jumps 4.1% for best pace in nearly four years

[buckeye45_73]

Hey, a lib who isn't totally clueless about math!!

Now if we could only find a Trump sheep with that quality


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I'm sure I fit the bill as Trump sheep, so what math are you having an issue with?

You are a Trump sheep, that’s for sure. I have no issue with any math, it is what I do for a living.


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Yeah, I'm honest....everything, the man has done, I want and I cant think of him doing anything I don't want. More to go, but he's only been in 1 1/2 years.
You seemed to state us Trump sheep are clueless about math.. I am not. I work in IT with a degree in it and have taken my share of math. I'm pretty well versed. What math are we clueless about?

My response was a sarcastic response to the post that liberals are clueless at math. The whole point was that people on both are good at math and some are bad at math.

Sorry to try and make a non-partisan point, should have known it would be missed.

Carry on!


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No, because the left is horrible at math, in general.
They pushed outcome based education where 2+2 can = 5....it was part of the 90s self esteem movement....(god forbid kids are told they are wrong)
they complain about the deb during republican administrations (never during a democrat one), but they are too stupid to realize that entitlements are the only way to lower.....because they aren't serious.....and have no clue.

 

[buckeye45_73]

"GDP fails to reach 5 percent. Another Trump fail. Where are the good old days with Barack? Boo hoo!"

Second-quarter GDP jumps 4.1% for best pace in nearly four years

There have been some dumb shits on this forum, maybe even you, who have claimed Obama never hit 4 percent. If we were to believe you dumb shits, the Obama years were a period of sackcloth and ashes, instead of the actuality of a 300 percent growth in the Dow and several quarters of +4 percent growth and millions and millions of jobs created.

In fact, Trump has yet to match even Obama's best five years of job growth.

well he did drive it super low to begin with, of course he had high stats......we had 2 years that were awful based on left wing policies and he did not promote growth....new normal was the quote.

 

[DigitalDrifter]

"GDP fails to reach 5 percent. Another Trump fail. Where are the good old days with Barack? Boo hoo!"

Second-quarter GDP jumps 4.1% for best pace in nearly four years

There have been some dumb shits on this forum, maybe even you, who have claimed Obama never hit 4 percent. If we were to believe you dumb shits, the Obama years were a period of sackcloth and ashes, instead of the actuality of a 300 percent growth in the Dow and several quarters of +4 percent growth and millions and millions of jobs created.

In fact, Trump has yet to match even Obama's best five years of job growth.

You forget, Obama's economy starting point was very bad. The economy had cratered, and a growth cycle was going to happen no matter who was in the WH.
What was amazing about Obama's economy was how slow the improvement came.

Today, growth is more difficult since the previous year was much better to begin with. 4.1% growth in this already hot economy is outstanding !!

 

[BluesLegend]

Trump rocks the world with a 4.1% GDP good job Trump. As for you sour grapes liberals, suck it!

Strange, I looked back at when we hit 4.9 4 years ago and there is no post about the world being rocked.

It is almost as if you are a two faced partisan hack


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^^^ speaking of sour grapes liberals. Are you mad bro that Trump pulled off a 4.1% GDP quarter? Are you butthurt that small business owners optimism is at a historic high a level Obama never came close to? Does it bother you that global CEO optimism under Trump hit 53% a level never before achieved, its never even been over 50% and Obama's best was 33%.

Nice try at diverting from your hypocrisy!

As for the 4.1%, I will wait till the real number comes out to make a determination.


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Your post is petty sour grapes. If Hillary were president you would be cheering a 4.1% GDP and everyone knows it.

 

[Harpy Eagle]

Now if we could only find a Trump sheep with that quality


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I'm sure I fit the bill as Trump sheep, so what math are you having an issue with?

You are a Trump sheep, that’s for sure. I have no issue with any math, it is what I do for a living.


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Yeah, I'm honest....everything, the man has done, I want and I cant think of him doing anything I don't want. More to go, but he's only been in 1 1/2 years.
You seemed to state us Trump sheep are clueless about math.. I am not. I work in IT with a degree in it and have taken my share of math. I'm pretty well versed. What math are we clueless about?

My response was a sarcastic response to the post that liberals are clueless at math. The whole point was that people on both are good at math and some are bad at math.

Sorry to try and make a non-partisan point, should have known it would be missed.

Carry on!


Sent from my iPhone using USMessageBoard.com

No, because the left is horrible at math, in general.
They pushed outcome based education where 2+2 can = 5....it was part of the 90s self esteem movement....(god forbid kids are told they are wrong)
they complain about the deb during republican administrations (never during a democrat one), but they are too stupid to realize that entitlements are the only way to lower.....because they aren't serious.....and have no clue.

I had a kid in school in the 90s and never saw anything about 2+2=5, you are making shit up again


And you far right sheep complain about debt during Dem admins and ignore it under Repubs.

There is very little difference between the wing nuts on either side. Both care more for the party than the country.


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[McRocket]

"GDP fails to reach 5 percent. Another Trump fail. Where are the good old days with Barack? Boo hoo!"

Second-quarter GDP jumps 4.1% for best pace in nearly four years

There have been some dumb shits on this forum, maybe even you, who have claimed Obama never hit 4 percent. If we were to believe you dumb shits, the Obama years were a period of sackcloth and ashes, instead of the actuality of a 300 percent growth in the Dow and several quarters of +4 percent growth and millions and millions of jobs created.

In fact, Trump has yet to match even Obama's best five years of job growth.

You forget, Obama's economy starting point was very bad. The economy had cratered, and a growth cycle was going to happen no matter who was in the WH.
What was amazing about Obama's economy was how slow the improvement came.

Today, growth is more difficult since the previous year was much better to begin with. 4.1% growth in this already hot economy is outstanding !!

Ummm...this 'hot' economy is only growing at a 2.7% GDP growth clip since Trump took office. And that includes today's 4.1% number.

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

I challenge you to find a respected economist that would describe 2.7% as 'hot'.


And, BTW, the 4.1% is almost certainly an aberration.

'...
There is just one problem with all of this: as we explained last weekend, the bulk of GDP gains came a one-time boost to US exports. And since this is a one-time adjustments, it is merely pulling demand from the future, which means ‘payback’ in 2H - and beyond - could be significant. As a reminder, in Q4 2011, US GDP was +4.6% in 4Q11, and then averaged +1.6% for the next five quarters.

The one silver lining is that inventories were not a tailwind as so many had expected, so this will be wildcard either for the Q3 GDP print or, more likely, for the two revisions to the Q2 GDP number which we expect will balloon as more accurate inventory numbers come in.

But the biggest problem is that if indeed there will be payback for today's number, it may come as soon as the Q3 GDP print which is due... just a few days before the midterms.

So while the Trump administration will delight in today's number, the risk is that euphoria will turn to despair with just days before the midterms.'

Q2 GDP Comes In At 4.1%, Highest Since 2014 But Misses "Terrific" Expectations


ALWAYS look past the headlines.


Once again, I am neither Dem nor Rep.

 

[Harpy Eagle]

Trump rocks the world with a 4.1% GDP good job Trump. As for you sour grapes liberals, suck it!

Strange, I looked back at when we hit 4.9 4 years ago and there is no post about the world being rocked.

It is almost as if you are a two faced partisan hack


Sent from my iPhone using USMessageBoard.com

^^^ speaking of sour grapes liberals. Are you mad bro that Trump pulled off a 4.1% GDP quarter? Are you butthurt that small business owners optimism is at a historic high a level Obama never came close to? Does it bother you that global CEO optimism under Trump hit 53% a level never before achieved, its never even been over 50% and Obama's best was 33%.

Nice try at diverting from your hypocrisy!

As for the 4.1%, I will wait till the real number comes out to make a determination.


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Your post is petty sour grapes. If Hillary were president you would be cheering a 4.1% GDP and everyone knows it.

Nope. Didn’t cheer it when it was Obama either. Cheering a single quarter is the shit partisans do.

A single quarter means nothing.




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[Penelope]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

 

[Brain357]

Funny how when the stock market took a dip a while ago it was ALL Trump's fault.
When the economic news is great it's got nothing to do with Trump.......as far as the fucking LIB MSM is concerned.

Funny how the economy sucked when obama had the same growth.

 

[DigitalDrifter]

"GDP fails to reach 5 percent. Another Trump fail. Where are the good old days with Barack? Boo hoo!"

Second-quarter GDP jumps 4.1% for best pace in nearly four years

There have been some dumb shits on this forum, maybe even you, who have claimed Obama never hit 4 percent. If we were to believe you dumb shits, the Obama years were a period of sackcloth and ashes, instead of the actuality of a 300 percent growth in the Dow and several quarters of +4 percent growth and millions and millions of jobs created.

In fact, Trump has yet to match even Obama's best five years of job growth.

You forget, Obama's economy starting point was very bad. The economy had cratered, and a growth cycle was going to happen no matter who was in the WH.
What was amazing about Obama's economy was how slow the improvement came.

Today, growth is more difficult since the previous year was much better to begin with. 4.1% growth in this already hot economy is outstanding !!

Ummm...this 'hot' economy is only growing at a 2.7% GDP growth clip since Trump took office. And that includes today's 4.1% number.

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

I challenge you to find a respected economist that would describe 2.7% as 'hot'.


And, BTW, the 4.1% is almost certainly an aberration.

'...
There is just one problem with all of this: as we explained last weekend, the bulk of GDP gains came a one-time boost to US exports. And since this is a one-time adjustments, it is merely pulling demand from the future, which means ‘payback’ in 2H - and beyond - could be significant. As a reminder, in Q4 2011, US GDP was +4.6% in 4Q11, and then averaged +1.6% for the next five quarters.

The one silver lining is that inventories were not a tailwind as so many had expected, so this will be wildcard either for the Q3 GDP print or, more likely, for the two revisions to the Q2 GDP number which we expect will balloon as more accurate inventory numbers come in.

But the biggest problem is that if indeed there will be payback for today's number, it may come as soon as the Q3 GDP print which is due... just a few days before the midterms.

So while the Trump administration will delight in today's number, the risk is that euphoria will turn to despair with just days before the midterms.'

Q2 GDP Comes In At 4.1%, Highest Since 2014 But Misses "Terrific" Expectations


ALWAYS look past the headlines.


Once again, I am neither Dem nor Rep.

This from your own link:

The US economy advanced an annualized 4.1 percent on quarter in the second quarter of 2018, well above an upwardly revised 2.2 percent expansion in the previous period and in line with market expectations. It is the strongest growth rate since the third quarter of 2014 amid higher consumer spending and soybean exports while business spending slowed, the advance estimate showed.

Sounds pretty good to me.

 

[Harpy Eagle]

So far the financial markets are not impressed with it


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[McRocket]

"GDP fails to reach 5 percent. Another Trump fail. Where are the good old days with Barack? Boo hoo!"

Second-quarter GDP jumps 4.1% for best pace in nearly four years

There have been some dumb shits on this forum, maybe even you, who have claimed Obama never hit 4 percent. If we were to believe you dumb shits, the Obama years were a period of sackcloth and ashes, instead of the actuality of a 300 percent growth in the Dow and several quarters of +4 percent growth and millions and millions of jobs created.

In fact, Trump has yet to match even Obama's best five years of job growth.

You forget, Obama's economy starting point was very bad. The economy had cratered, and a growth cycle was going to happen no matter who was in the WH.
What was amazing about Obama's economy was how slow the improvement came.

Today, growth is more difficult since the previous year was much better to begin with. 4.1% growth in this already hot economy is outstanding !!

Ummm...this 'hot' economy is only growing at a 2.7% GDP growth clip since Trump took office. And that includes today's 4.1% number.

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

I challenge you to find a respected economist that would describe 2.7% as 'hot'.


And, BTW, the 4.1% is almost certainly an aberration.

'...
There is just one problem with all of this: as we explained last weekend, the bulk of GDP gains came a one-time boost to US exports. And since this is a one-time adjustments, it is merely pulling demand from the future, which means ‘payback’ in 2H - and beyond - could be significant. As a reminder, in Q4 2011, US GDP was +4.6% in 4Q11, and then averaged +1.6% for the next five quarters.

The one silver lining is that inventories were not a tailwind as so many had expected, so this will be wildcard either for the Q3 GDP print or, more likely, for the two revisions to the Q2 GDP number which we expect will balloon as more accurate inventory numbers come in.

But the biggest problem is that if indeed there will be payback for today's number, it may come as soon as the Q3 GDP print which is due... just a few days before the midterms.

So while the Trump administration will delight in today's number, the risk is that euphoria will turn to despair with just days before the midterms.'

Q2 GDP Comes In At 4.1%, Highest Since 2014 But Misses "Terrific" Expectations


ALWAYS look past the headlines.


Once again, I am neither Dem nor Rep.

This from your own link:

The US economy advanced an annualized 4.1 percent on quarter in the second quarter of 2018, well above an upwardly revised 2.2 percent expansion in the previous period and in line with market expectations. It is the strongest growth rate since the third quarter of 2014 amid higher consumer spending and soybean exports while business spending slowed, the advance estimate showed.

Sounds pretty good to me.

You said above: '4.1% growth in this already hot economy is outstanding'. The economy before this latest number was growing only at 2.42% since Trump took office. That is not hot. That is tepid. Just as it was under Obama.

And yes, today's number sounds good. But if you look beyond the headlines...you will see why zerohedge (and many economists) are stating that this number is simply a blip thanks to the tariffs.


Once again, I am neither Rep nor Dem.

 

[Flash]

Trump is MAGAing the hell out of this country.

Everything he does is fantastic.

 

[McRocket]

Trump is MAGAing the hell out of this country.

Everything he does is fantastic.

You are clearly delusional...and going straight to my ignore list.

 

[Toddsterpatriot]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

while they are allowed to pollute at free now,

What the hell are you mumbling about? Link?

 

[Thinker101]

So far the financial markets are not impressed with it


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Must be a few of the big fish that are invested in Fakebook and Twitter.

 

[abu afak]

U.S. Economy Grew at 4.1% Rate in Second Quarter

"...The president touted his own track record since taking office, saying that the economy is growing at a pace 10 times faster than during the presidencies of George W. Bush or Barack Obama.

Actually, the U.S. economy grew faster than a 4.1% annual rate in four quarters of Mr. Obama’s presidency and four quarters of Mr. Bush’s. In the second quarter of 2014, GDP rose at an annual rate of 5.1%—the peak quarterly growth rate of the current expansion so far....​

`

 

[dave p]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

Who and what is pollute at free? What is wrong with at will employment?

 

[Penelope]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

while they are allowed to pollute at free now,

What the hell are you mumbling about? Link?

Come on, all the deregulation he has done. Destroy the EPA and cut spending for alt power. I will be surprised if we even can find a non polluted drop of water by the time Trump is done, well we will probably all die from air pollution before that or a major flood. He is bringing on doomsday.

 

[Penelope]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

Who and what is pollute at free? What is wrong with at will employment?

Businesses are allowed to pollute freely and one can get fired just for giving a frown to the boss.
When Can a Person Sue After Getting Fired From an At-Will Job?