Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

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1989TransAm
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Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by 1989TransAm » Wed Aug 29, 2018 10:23 am

Funny, during the Obama years they would ALWAYS readjust the GDP downward after it first came out sometimes by more than just a little. :D GO TRUMP GO What you say Krugman? :D

"The numbers: The bustling U.S. economy was even stronger in the spring than initially reported thanks to higher government spending and business investment. And companies cashed in big time.
Gross domestic product expanded at a 4.2% annual pace in the second quarter, up from a preliminary estimate of 4.1%, the government said. GDP is the official measuring stick for the U.S. economy.
Economists polled by MarketWatch had forecast GDP to be left unchanged at 4.1%.
The strong growth, along with the biggest tax cuts in 31 years, helped fill corporate coffers.
Adjusted corporate profits before taxes climb 3.3% in second quarter and they were up a sizzling 7.7% over past year. That’s the biggest 12-month gain in four years.
What happened: Consumer spending will still quite strong in the second quarter, though a bit less so than previously believed. The government said outlays rose 3.8% instead of 4%."

https://www.marketwatch.com/story/secon ... 2018-08-29

sanfordandson
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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by sanfordandson » Wed Aug 29, 2018 10:29 am

Looks like the massive govt handout worked....but for how long? 21T national debt and climbing FAST.

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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by j-c-c » Wed Aug 29, 2018 10:45 am

1989TransAm wrote:
Wed Aug 29, 2018 10:23 am
Funny, during the Obama years they would ALWAYS readjust the GDP downward after it first came out sometimes by more than just a little. :D GO TRUMP GO What you say Krugman? :D

"The numbers: The bustling U.S. economy was even stronger in the spring than initially reported thanks to higher government spending and business investment. And companies cashed in big time.
Gross domestic product expanded at a 4.2% annual pace in the second quarter, up from a preliminary estimate of 4.1%, the government said. GDP is the official measuring stick for the U.S. economy.
Economists polled by MarketWatch had forecast GDP to be left unchanged at 4.1%.
The strong growth, along with the biggest tax cuts in 31 years, helped fill corporate coffers.
Adjusted corporate profits before taxes climb 3.3% in second quarter and they were up a sizzling 7.7% over past year. That’s the biggest 12-month gain in four years.
What happened: Consumer spending will still quite strong in the second quarter, though a bit less so than previously believed. The government said outlays rose 3.8% instead of 4%."

https://www.marketwatch.com/story/secon ... 2018-08-29
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https://en.wikipedia.org/wiki/Pseudobulbar_affect

RevTheory
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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by RevTheory » Wed Aug 29, 2018 11:10 am

Gotta love our trolls :lol:

Trump Train! MAGA in spite of morons.
Aaa.jpg

sanfordandson
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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by sanfordandson » Wed Aug 29, 2018 11:15 am

RevTheory wrote:
Wed Aug 29, 2018 11:10 am
Gotta love our trolls :lol:

Trump Train! MAGA in spite of morons.

Aaa.jpg
Such wisdom... :lol:

j-c-c
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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by j-c-c » Wed Aug 29, 2018 11:24 am

RevTheory wrote:
Wed Aug 29, 2018 11:10 am
Gotta love our trolls :lol:

Trump Train! MAGA in spite of morons.

Aaa.jpg
What a leader.

But then birds of a feather flock together, you SHOULD be proud. :lol:

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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by mk e » Wed Aug 29, 2018 11:31 am

MAGA!!

Morons Are Governing America ;)
Mark
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RevTheory
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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by RevTheory » Wed Aug 29, 2018 11:33 am

Two quotes that I won't bother reading. I think I'll stay on the winning Trump Train :D

1989TransAm
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Re: Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

Post by 1989TransAm » Wed Aug 29, 2018 12:43 pm

They act like petulant children when things are not going their way. :D

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