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These are good numbers but where is the 3.1%?
That’ll definitely keep us humming along. No recession in sight yet!
The simple fact is that unemployment is low enough that we will create inflation and therefore the Fed will kill the cycle.
US economy slows as growth dips to 2.6% in Q4 - business live
https://www.theguardian.com/business/live/2019/feb/28/chinese-factory-slowdown-trade-war-us-gdp-growth-business-live
I think Trump needs at least 4% annual growth per year to lower the USA debt to GDP ratio.
Yeah is gonna pump up growth by taking debt and that's gonna lower the USA debt to GDP ratio.
So Obama was the weakest Post-WW2
Or, use the tariff to increase the tax base which would both increase the GDP and reduce the debt without additional taxation.
The Fed has to be stopped. A little inflation - say 4-5%/year, has wonderful wealth building effects for most Americans, whose #1 obligation is a fixed mortgage payment. Not good for banks, though.
A tariff is a tax!
A little inflation - say 4-5%/year, has wonderful wealth building effects for most Americans, whose #1 obligation is a fixed mortgage payment.
That only helps the homeowners who already have fixed mortgages before the inflation takes place. People looking to finance or refinance during the period of 5% inflation (and 5% expected future inflation) will face high mortgage interest rates that completely defeat the "benefits" of inflation.
This GDP # is looking in the mirror at the past.
What happened in Q4?
Moonbat Democrats took over the House of Representatives.
Same correlation with the downturn that started in 2006 when the Democrats won the House and Senate.
The media is portraying it coming in at 2.9%, so they can claim Trump didn't deliver.
The Fed has to be stopped. A little inflation - say 4-5%/year, has wonderful wealth building effects for most Americans, whose #1 obligation is a fixed mortgage payment. Not good for banks, though.
The drop in U.S. GDP to an annualized rate of 2.6 percent in the fourth quarter of 2018 confirms the deceleration of its economy and raises the risk of a recession by 2021.
The best way to measure GDP growth rates is to use year-over-year numbers. By this measure, the economy grew 3.1% over the past year, nearly as strong as in the first two quarters of 2015.
When the facts aren’t in your favor, change the subject. Or move the goal posts.
Unfortunately, the economy fell just short of Trump’s 3% goal post. According to the latest estimates, Trump’s best year just matches Obama’s best.
https://www.cnbc.com/2019/02/28/gdp-q4-2018.html