In a Presidential debate, Trump
"We're bringing it (the GDP) from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.”
I now give you an update on that.
Year 2017: 2.6%
Year 2018: 3.2% so far (Q1, Q2 average).
Expected Q3 growth: 3.2%
https://seekingalpha.com/article/4209596-strong-u-s-gdp-growth-expected-moderate-third-quarter
The data and missed promise puts Trump at risk of being seen as an overpromising snake oil salesman.
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IMO the economy is overheating aka GDP is advancing too quickly.
I understand that steady growth is not acceptable for those greedy folks but the growth we have seen in the past 18 months is only creating bubbles, creating higher interest rates, and as we saw earlier today the markets don't always like 'greed'
Markets are over valued by 30 times over, yet the greedy folks WANT more GDP growth which will only lead to more economic overheating, bubbles, and of course, those bubbles will POP.
But I am not surprised; Americans are greedy & impatient, and that is how we got into the mess back in late 2008.
Fasten your seat belts folks.