Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber.
 |
| One to two percent growth is the new norm |
The number matched expectations from economists surveyed by Reuters and was boosted by a surge in consumer spending and business investment. Stock market futures edged lower on the news while government bond yields moved lower.
That's the fastest rate of the growth since the third quarter of 2014 and the third-best growth rate since the Great Recession. In addition to the strong second quarter, the Commerce Department revised its first-quarter reading up from 2 percent to 2.2 percent.
71 comments:
But, at least for the second quarter of this year, the stars have aligned, and, as many analysts predicted, gross domestic product grew by an annual 4.1 percent in the second quarter.
Most economists caution this is likely to be a one-off growth spurt and not a new sustained trend.
Exports are a particularly dramatic example. Ian Shepherdson, the chief economist of Pantheon Macroeconomics, says the Trump administration's ongoing trade fight with China is a big threat to the economy. But in recent months, the trade dispute sparked an unexpected short-term boost in exports.
"We saw an enormous surge in soybean exports," Shepherdson said before the report was released. And that gave the overall export numbers a big lift. That's because, ahead of retaliatory tariffs by China on U.S. agricultural products, China went on a soybean buying spree.
But that boost in exports will now reverse because the tariffs have been imposed, Shepherdson says. And, he says, that will be a drag on the economy. "I think some of these components, which look great in the second quarter, won't look so great in the third, in particular the foreign trade numbers," he says.
"There's going to be a payback," says John Silvia, the chief economist at Wells Fargo. Both he and Shepherdson had predicted very strong second-quarter GDP growth of 4.5 percent or higher.
Still, Silvia says, "you can have a very strong second quarter," but growth will slow to about 2 percent to 2.5 percent as the export picture turn negative.
Good news but probably is just temporary.
you "forgot" your left leaning link, alky.
only a fool takes economic guidance from NPR. or wells fargo, considering how many of their customers they've fucked recently.
https://www.npr.org/2018/07/27/632640711/u-s-could-see-blockbuster-economic-growth-number-today
"We saw an enormous surge in soybean exports," Shepherdson said before the report was released. And that gave the overall export numbers a big lift. That's because, ahead of retaliatory tariffs by China on U.S. agricultural products, China went on a soybean buying spree.
But that boost in exports will now reverse because the tariffs have been imposed, Shepherdson says. And, he says, that will be a drag on the economy. "I think some of these components, which look great in the second quarter, won't look so great in the third, in particular the foreign trade numbers," he says.
https://www.npr.org/2018/07/27/632640711/u-s-could-see-blockbuster-economic-growth-number-today
The $12 billion dollar bailout will increase the deficit which is now at an all time record high.
GDP at 4.1%
UNEXPECTEDLY
All economics is fluid and temporary. Fact is, right now there are more jobs available than job seekers.
Trump is an ass, but he's been creating jobs for forty years and knows how to do it.
As fof the Trump knew about the Don jr meeting, that is vintage Lanny Davis, make an accusation and force the person prove the negative. Cohen says he was there. We know he was making secret recordings. But curious there is no recording of that.
"
caliphate4vrJuly 27, 2018 at 8:35 AM
GDP at 4.1%
UNEXPECTEDLY"
The left here does not get that joke.
Alky the blogs economic fucktard is again in high heels, cheering for a full on Recession.
The $12 billion dollar bailout will increase the deficit which is now at an all time record high.
i've said it before and i'll say it again...
nothing focuses a liberal on deficits and debts like having a republican in the white house.
HYPOCRISY IS THE BEDROCK OF LIBERALISM.
heh:
Dan Bongino
✔
@dbongino
What would happen if an illegal immigrant used a plastic straw in California? 🤔
7:20 PM - Jul 26, 2018
30K
13.7K people are talking about this
https://twitter.com/dbongino/status/1022622674881785861
"nothing focuses a liberal on deficits and debts like having a republican in the white house."
14 trillion added by obama.
HB supported the farmer/ranches for about a second.
Why didn't Prez. Lost Year do this?
The Lost Years
Dec 31, 2016 1.84%
Dec 31, 2015 2.02%
Dec 31, 2014 2.70%
Dec 31, 2013 2.66%
Dec 31, 2012 1.28%
Dec 31, 2011 1.68%
Dec 31, 2010 2.73%
Dec 31, 2009 -0.24%
Boom, the Trump years.
Trump touts ‘amazing’ economic growth; economists caution it as a blip
Although the vast majority of economists warn that President Trump’s trade war will hurt U.S. growth, they say it temporarily boosted growth in the spring as foreign firms rushed to make purchases before the tariffs took effect.
By Heather Long1 hour ago
The Finance 202: The Trump economy might seem strong. But not that strong.
Bust trillions of trump dept in a roaring economy.....gee....seems ironic to me....LOL
Anonymous caliphate4vr said...
GDP at 4.1%
UNEXPECTEDLY
HORSESHIT ASSHOLE.....EVERY PREDICTION WAS EXPECTING EXCEPTIONAL NUMBERS.......Take your head out of trumps ass and smell the coffee....unexpectedly....idiot..
14 trillion added by obama.
LIAR AND FRAUD.....ASSHOLE...still waiting for that link....and please,....100% interest is not the answer....jagoff....
Denise I provide the facts on your boy's lost years.
So have at em.
Denise, why do facts confuse you?
KD said...
Denise, why do facts confuse you?
If you had one....still looking for that link on the deficit shit head...why can't you find it??? Oh I know....you made it up and are now trying to cover your fat white ass with more stupidity.....try again shit for brains.....once again, commie crams it up the frauds ass....I hope I lubed it enough for you.....asshole...
The remains of American service members from the Korean War were transferred out of North Korea on Friday, according to a White House statement, fulfilling a key agreement President Trump and Chairman Kim reached during last month's summit in Singapore.
https://www.yahoo.com/gma/remains-fallen-us-soldiers-transferred-north-korea-024704315--abc-news-topstories.html
Lol @Denise.
Last time for ya Denise.
Add
Obama national Debt
Add
Obama Debt service
Add
Federal Reserve QE 1, 2, 3. 4 ,5 ....
The Lost Years
Dec 31, 2016 1.84%
Dec 31, 2015 2.02%
Dec 31, 2014 2.70%
Dec 31, 2013 2.66%
Dec 31, 2012 1.28%
Dec 31, 2011 1.68%
Dec 31, 2010 2.73%
Dec 31, 2009 -0.24%
1.833 % GDP for all of the Lost Years.
Roger,Gawd you're a singular special kind of fucked up.
4.1 % on the back of "soybean sales".
1.833 % GDP for all of the Lost Years.
Still avoiding link for your posted deficit number...why is that asshole??? Is it because your an idiot and made up the value or is it trump is licking your asshole and wife????? BTW, adjusting for the busch lost years, obama's GDP is remarkably better than your idiocy....thanx for playing and I anxiously await for you link.....idiot.. Did you notice how unremarkable the dow was today with this great news? I did....jerk...
4.1 % on the back of "soybean sales".
That was one reason....there were several others exports that added a major portion that I suggest you should look up, fucking asshole
http://www.4-traders.com/news/U-S-Economy-Grew-at-4-1-Rate-in-Second-Quarter-Update--27010645/
you haven't seen stupid on stilts until you've seen this:
https://twitter.com/twitter/statuses/1022852142682570752
btw folks, the next GDP report is due 11 days before the mid-term elections.
heh.
4.1 % on the back of "soybean sales". and don't forget praying.....LOLOLOL
■ Exports rose 9.3 percent, driven in part by a surge in soybean shipments tied to President Trump’s trade policies.
■ Consumer prices rose at a 1.8 percent annual rate.
The Takeaway
Economic growth surged in the second quarter — but don’t expect the boom to last.
The second-quarter acceleration was widely anticipated by economists, a result of a confluence of events unlikely to recur. Most economists expect growth to slow in the second half of the year.
Still, recent data does suggest that the pace of growth has picked up this year. Some economists think full-year growth in gross domestic product could hit 3 percent in 2018 for the first time in the nearly decade-long recovery, a prospect that became more likely following Friday’s strong numbers. The second quarter was the first time since 2014 that economic growth topped 4 percent in a quarter; the economy reached that level or higher just four times during the eight years of the Obama administration.
1.833 % GDP for all of the Lost Years.
These facts have Denise confused. As the fact obimbo added 14 Trillion in debt.
"4.1 % on the back of "soybean sales". and don't forget praying."
Denise the soybean bs is owned by Roger.
you haven't seen stupid on stilts until you've seen this:
https://twitter.com/twitter/statuses/1022852142682570752
Wow... Just Wow!
You know people are dumb enough to fall for it. A $700 billion dollar "increase" military spending?
In 2017 the entire Military budget was $590 billion. Does that mean she believes we spend a negative $110 billion the previous year?
Good god!
Good god!
yep.
the rising superstar of the democrat party.
A Harris-Cortez ticket in 2020. Please make it so.
Assholio-Cortez Makes Most Idiotic Statement Ever On Twitter
https://www.dailywire.com/news/33662/ocasio-cortez-makes-her-most-idiotic-statement-ryan-saavedra
Assholio-Cortez Makes Most Idiotic Statement Ever On Twitter
You mean, since her last tweet?
The sad part about it... is she will actually be elected.
The sad part about it... is she will actually be elected.
definitely. she's running in a NY district chock full of illegals and parasites.
The sad part about it... is she will actually be elected.
Maxiene Waters will be happy. She will no longer be the stupidest, craziness member of Congress.
https://twitter.com/twitter/statuses/1022852142682570752
Wait, was that Satire?
Or blind liberalism?
"Whaaaa, whaa, whhhattt does Trump have a magic wand????"
Pres. Step n fetch
Answer : yes
definitely. she's running in a NY district chock full of illegals and parasites.
Of course she is rat hole.....Just like the billions of illegal votes cost trump the popular vote....dumber than a brick.....
You know people are dumb enough to fall for it.
While you are certainly dumb enough to think trump is doing good and should be trusted with putin.....idiot..
It's on a comedy show.....at least she is honest unlike you CH....LOLOLOLOL!!!
As the fact obimbo added 14 Trillion in debt.
Still repeating the same lie over and over does not make it a fact...now asshole, where is the link to that number, I've been asking now for 2 DAYS and you still cannot provide it.....keep digging jag off....
Denise I only have so much time to educate you.
Two of us taught you about the 1920's and 1930's Historic high Temps, known to us as the dust bowl. You where unaware of that event.
This is where you say thank you.
I did provide the data, helped you with the math, clearly your deficiency can not be overcome.
I am done feeding you idiot troll.
"Those jobs are not coming back" the lost years
Pres. Trump unleashed the American worker and Capitalism aka "Magic Wand".
"Those jobs are not coming back" the lost years
Quoting yourself asshole.....no link yet either....why are you so fucking stupid?????? Again, there were no yearly record heat in those dust bowl years .....there was record drought and stupid kansas farmers....And again, your opinion is not a fact....you have nothing to substantiate your claim, just like your fake deficit number and menstrals .3% growth in busch's last quarter.....asshole...
KD said...
I did provide the data,
LYING FUCKING ASSHOLE>>>>GO LICK TRUMPS ASS...
Wanna learn something....suggest you review this before you look any stupider than you already look.....This is a link....foreign to stupid fucks like you....
http://drought.unl.edu/dustbowl/Home.aspx
“When somebody says like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these jobs back. Well how exactly are you going to do that? What are you going to do? There’s no answer to it,” Obama said, refusing to even say Trump’s name.
“He just says, ‘I’m going to negotiate a better deal.’ Well how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer,” what a dumb ass
State Temp.
°F Temp.
°C Date Station Elevation
in feet
Alabama 112 44 Sept. 5, 1925 Centerville 345
Alaska 100 38 June 27, 1915 Fort Yukon est. 420
Arizona 128 53 June 29, 1994 Lake Havasu City 505
Arkansas 120 49 Aug. 10, 1936 Ozark 396
California 134 57 July 10, 1913 Greenland Ranch -178
Colorado 118 48 July 11, 1888 Bennett 5,484
Connecticut 106 41 July 15, 1995 Danbury 450
Delaware 110 43 July 21, 1930 Millsboro 20
D.C. 106 41 July 20, 1930 Washington 410
Florida 109 43 June 29, 1931 Monticello 207
Georgia 112 44 Aug. 20, 1983 Greenville 860
Hawaii 100 38 Apr. 27, 1931 Pahala 850
Idaho 118 48 July 28, 1934 Orofino 1,027
Illinois 117 47 July 14, 1954 E. St. Louis 410
Indiana 116 47 July 14, 1936 Collegeville 672
Iowa 118 48 July 20, 1934 Keokuk 614
Kansas 121 49 July 24, 19361 Alton (near) 1,651
Kentucky 114 46 July 28, 1930 Greensburg 581
Louisiana 114 46 Aug. 10, 19361 Plain Dealing 268
Maine 105 41 July 10, 19111 North Bridgton 450
Maryland 109 43 July 10, 19361 Cumberland & Frederick 623; 325
Massachusetts 107 42 Aug. 2, 1975 New Bedford & Chester 120; 640
Michigan 112 44 July 13, 1936 Mio 963
Minnesota 114 46 July 6, 19361 Moorhead 904
Mississippi 115 46 July 29, 1930 Holly Springs 600
Missouri 118 48 July 14, 19541 Warsaw & Union 705; 560
Montana 117 47 July 5, 1937 Medicine Lake 1,950
Nebraska 118 48 July 24, 19361 Minden 2,169
Nevada 125 52 June 29, 19941 Laughlin 605
New Hampshire 106 41 July 4, 1911 Nashua 125
New Jersey 110 43 July 10, 1936 Runyon 18
New Mexico 122 50 June 27, 1994 Waste Isolat. Pilot Pit 3,418
New York 108 42 July 22, 1926 Troy 35
North Carolina 110 43 Aug. 21, 1983 Fayetteville 213
North Dakota 121 49 July 6, 1936 Steele 1,857
Ohio 113 45 July 21, 19341 Gallipolis (near) 673
Oklahoma 120 49 June 27, 19941 Tipton 1,350
Oregon 119 48 Aug. 10, 18981 Pendleton 1,074
Pennsylvania 111 44 July 10, 19361 Phoenixville 100
Rhode Island 104 40 Aug. 2, 1975 Providence 51
South Carolina 111 44 June 28, 19541 Camden 170
South Dakota 120 49 July 5, 1936 Gannvalley 1,750
Tennessee 113 45 Aug. 9, 19301 Perryville 377
Texas 120 49 June 28, 19941 Monahans 2,660
Utah 117 47 July 5, 1895 Saint George 2,880
Vermont 105 41 July 4, 1911 Vernon 310
Virginia 110 43 July 15, 1954 Balcony Falls 725
Washington 118 48 Aug. 5, 19611 Ice Harbor Dam 475
West Virginia 112 44 July 10, 19361 Martinsburg 435
Wisconsin 114 46 July 13, 1936 Wisconsin Dells 900
Wyoming 115 46 Aug. 8, 1983 Basin 3,500
24 States recorded thier all time high temp in the 1920's and 1930's.
Donald Trump Jr. is a proud son. When he heard the news of the economy surging to 4.1 percent GDP growth, he immediately took to Twitter to tout his father's achievements.
"Incredible numbers," he wrote. "I remember when 'the experts' laughed about breaking 3 percent. Just because Obama never broke 2 percent doesn't mean that someone with great policies can't."
There's just one problem with Jr.'s claim: Former President Barack Obama did, in fact, break 2 percent growth on multiple occasions. There were 15 quarters during Obama's presidency when the economy experienced 2 percent growth or higher, data from the Federal Reserve Bank of St. Louis shows. Additionally, Trump Jr. is boasting that today's rate is the fastest since 2014's 4.9 percent growth — which he may recall was a year when a certain other president was in office.
While Trump Jr. crowed with delight over the 4.1 percent growth rate, economists have said that the high rate is likely not sustainable because it was aided by trade activity spurred by the current global exchange of tariffs. The growth is likely temporary, experts say, and will probably cool down to around 3 percent throughout the rest of 2018. The president's son might be less excited about that number when he recalls that 2015's annual growth was 2.9 percent. Summer Meza
Dec 31, 2016 1.84%
Dec 31, 2015 2.02%
Dec 31, 2014 2.70%
Dec 31, 2013 2.66%
Dec 31, 2012 1.28%
Dec 31, 2011 1.68%
Dec 31, 2010 2.73%
12.2% ÷ =2.6%
Most economists believe that it will be approximately 3% by the end of the year.
If the massive deficit leads to a recession the Trump years will be the worst in history.
Trade Deficit Drops by 50 Billion.
President Trump hand in coming Trade Talks got much stronger today.
Trump Economy
"cool down to around 3 percent "alky
The Lost Year average gdp 1.833%
Do you long for the Lost Years Like Alky and Denise.
"Jason Furman, who served at head of the Obama administration’s Council of Economic Advisers, pointed out the underlying strength in a tweet Friday morning."
What not "soybean Based" bs.
You go right ahead and brag about Obama's 2%. Lol.
The Lost Year average gdp 1.833%
Take out the lost busch recession and what do you get?????
Trade Deficit Drops by 50 Billion.
And the deficit goes to 1 trillion and growing!!!!
Oh how cute. Denise wants to cherry pick to make The Lost Years look better.
KD said...
State Temp.
°F Temp.
Proves nothing but there was some hot weather in the mid west....coupled with record drought and shitty farming techniques were the driving forces behind the dust bowl years......Your simplistic model is just that simplistic and as stupid as you are...Did you find the winter of 35 had a record cold winter???? Not that it meant anything, but climate is more than record hot or cold temps as you are trying to prove....asshole...
Denise wants to cherry pick to make
BWAAAAA!!!!! What ever you say goat and trump fucker....
Just like soy beans skewing the current GDP.....and you dribbling down your leg....this to shall pass and will come back to reality....Idiot.. Find work yet in this burgeoning economy??? Obviously not you are still here, asshole!
24 States recorded their all time high temp in the 1920's and 1930's.
What does that have to do with YEARLY heat records like they are occurring now????? Like I said before, my cats have more brains than you!!!!! The below link, something you have no idea how to do, suggest a completely different conclusion that your simplistic cut and paste without attribution....asshole
http://www.climatesignals.org/data/record-high-temps-vs-record-low-temps
The Tracking Climate Change tool updates daily to offer a snapshot look at the US ratio between hot and cold temperature records as it stands for the period of the last 365 days. The 1950s and 1990s tabs also offer the decadal view from which the trend driven by climate change is clearest.
In the United States, the most recent decade (2000-2010) was the nation’s warmest on record. Record-breaking high temperatures are now outnumbering record lows by an average decadal ratio of 2:1. Record highs are occurring more often than record lows due to climate change.
In a stable climate, the ratio of new record highs to new record lows is approximately even. However in our warming climate, record highs have begun to outpace record lows, with the imbalance growing for the past three decades. This trend is one of the clearest signals of climate change that we experience directly.
Headline from today's wa post...
Temperatures near or pass all-time records in Europe as another heat wave blasts the continent
Yep....europe is having some hot weather!!!!!
President Trump Job Approval Economist/YouGov Approve 43, Disapprove 54 Disapprove +11
2018 Generic Congressional Vote Economist/YouGov Democrats 44, Republicans 38 Democrats +6
2018 Generic Congressional Vote Rasmussen Reports Democrats 47, Republicans 40 Democrats +7
2018 Generic Congressional Vote Quinnipiac Democrats 51, Republicans 39 Democrats +12
2018 Generic Congressional Vote NPR/PBS/Marist Democrats 47, Republicans 40 Democrats +7
Just to tweak Dennis:
US cuts carbon emissions more than foreign nations that criticize Trump environmental policies
According to a June report by BP – measuring global carbon dioxide emissions from the use of oil, gas and coal – the United States reduced its carbon dioxide emissions by 41.8 million tons from 2016 to 2017, marking the third consecutive year Americans’ carbon dioxide emissions fell.
The United States’ carbon dioxide reduction is more than double the next closest nation included in the study, Ukraine. And the U.S. reductions are part of a larger, decade-long trend. From 2006 to 2016, BP reports the United States slashed its carbon dioxide emissions by about 12 percent.
The recent drop in U.S. carbon dioxide emissions is the result of increased consumption of natural gas relative to other forms of energy production, renewable energy and a more efficient use of electricity.
In the wake of America’s declining carbon dioxide emissions, the dire warnings issued by global warming alarmists have proven to be yet another example of environmentalists’ fear-mongering.
One of those alarmists was Senate Minority Leader Chuck Schumer, D-N.Y., who called President Trump’s decision to exit the Paris Accords a “devastating failure of historic proportions.”
After world leaders from countries big and small also harshly criticized President Trump for choosing not to make Americans beholden to the United Nations, the leaders spent the rest of 2017 presiding over countries that emitted millions of tons of additional carbon dioxide – illustrating clearly the utter worthlessness of the Paris Accords.
China, for example, increased its carbon dioxide emissions by 119 million tons from 2016 to 2017 – more than any other country in the world – despite its alleged commitment to the Paris Accords. Spain added more than 18.7 million tons of carbon dioxide emissions. France’s carbon dioxide emissions increased by 5.5 million tons.
But it’s the Canadian government that might deserve the award for being the world’s biggest carbon dioxide hypocrite. Prime Minister Justin Trudeau was critical of the Trump administration for its decision to leave the Paris Accords, saying in a statement that he was “deeply disappointed” by the “disheartening” decision.
“Canada is unwavering in our commitment to fight climate change and support clean economic growth,” Trudeau said. “Canadians know we need to take decisive and collective action to tackle the many harsh realities of our changing climate.”
So, after those bold words Canada cut its carbon dioxide emissions dramatically, right? Well, not exactly. In 2017 Canada emitted 17 million additional tons of carbon dioxide compared to its emissions in 2016.
Canadians know we need to take decisive and collective action to tackle the many harsh realities of our changing climate.
_______________________
TRUMP WILL HAVE TO BITCH-SLAP THE CANADIAN WEAKLINGS AGAIN!!
According to a June report by BP
What a stupid faux opinion report.....taking a cue from trump....they make shit up about canada.....the dangerous neighbor to the north...LOLOLOL!!
Fact check
TRUMP: "We've accomplished an economic turnaround of historic proportions." - remarks Friday at the White House.
THE FACTS: Trump didn't inherit a fixer-upper economy.
The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.
While Trump praised the 4.1 percent annual growth rate in the second quarter, it exceeded that level four times during the Obama presidency. But quarterly figures are volatile and strength in one quarter can be reversed in the next. While Obama never achieved the 3 percent annual growth that Trump hopes to see, he came close. The economy grew 2.9 percent in 2015.
The economy faces two significant structural drags that could keep growth closer to 2 percent than 3 percent: an aging population, which means fewer people are working and more are retired, and weak productivity growth, which means that those who are working aren't increasing their output as quickly as in the past.
Both of those factors are largely beyond Trump's control.
They were not the lost years.
http://www.dailymail.co.uk/wires/ap/article-5998123/AP-FACT-CHECK-Trump-overstates-economy-claims.html
fact check indeed:
There have been eleven recessions since World War II, each of which was followed by a recovery. Even Obama experienced an economic recovery… it just happens to be the worst one.
All jobs lost in post-World War II recessions were recovered after about twenty-five months on average. But, it took seventy-seven months for employment to return to pre-recession levels, making Obama’s recovery the slowest recovery of them all—and by a wide margin. Obama is also the only president in U.S. history to have never had a single year of 3.0 percent or greater GDP growth.
https://pjmedia.com/trending/six-reasons-why-barack-obama-is-the-worst-president-in-history/
seventy seven fucking months.
we could've only had a mild recession. it took 0linsky the magic negro to make it "GREAT."
WATCH: Ocasio-Cortez Supporters Stumped on How Democratic Socialism Would Be Funded
Yeah, that's always been the fly in the ointment of this uptopian dream.
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