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4Q GDP revised upwards

By CornPoptheOriginalGangster follow CornPoptheOriginalGangster   2018 Mar 28, 10:21am 1,053 views   4 comments   watch   nsfw   quote   share    

Remember back when we were "recovering" from the Financial Crisis? They'd release job numbers and GDP estimates, only to quietly revise them downward after the fact?

Well that was the weak Neoliberal Obama Recovery.

In the Trump Economy, when more information comes in, the GDP numbers get revised upward. This is the third and final analysis of the numbers with the most complete information:

Final reading on US Q4 GDP is up 2.9%, vs 2.7% growth expected

The biggest gain in consumer spending in 3 years. The American, not Americant, Economy.
1   Goran_K   ignore (4)   2018 Mar 28, 10:28am     ↓ dislike (0)   quote   flag        

it's sooooo good, Goran and family are planning an EXTRA vacation this year. Goran clan usually takes 3 a year, but we'll be doing 4 this year.

2   anonymous   ignore (null)   2019 Feb 21, 4:52pm     ↓ dislike (0)   quote   flag        

MisterLearnToCode says
In the Trump Economy, when more information comes in, the GDP numbers get revised upward.

It's 2019 now - and guess what....

Closely watched Atlanta Fed GDP model now sees growth at just 1.4 percent for fourth quarter

•The Atlanta Fed's GDPNow forecast for the fourth quarter now fell to 1.4 percent, following December's durable goods report Thursday.

•Other economists also trimmed their forecast after the report showed a slowing in capital spending.

•The durable goods report was delayed by the government shutdown, as was December retail sales, issued last week, and together they resulted in a decline of as much as 0.8 percentage points in some GDP forecasts.

The Atlanta Fed's closely watched GDPNow model sees GDP growth for the fourth quarter at 1.4 percent.

The forecast had been 1.5 percent but was ratcheted down after Thursday's December durable goods report showed a decline in capital expenditures. The Atlanta Fed said its nowcast of fourth-quarter real nonresidential equipment investment growth declined to 3.9 percent from 4.5 percent.

Economists surveyed by CNBC/Moody's Analytics Rapid Update earlier Thursday had a mean expectation for fourth quarter growth of 2 percent, following the durable goods report.

Earlier, J.P. Morgan economists reduced tracking growth for the fourth quarter to 1.4 percent from 1.6 percent. Expecting slowness to persist, they trimmed first quarter growth to 1.5 percent from 1.75 percent.

The durable goods report follows last week's late release of December retail sales, which showed a decline of 1.2 percent. Together the durable goods and retail sales reported amounted to as much as an 0.8 percentage point decline in GDP forecasts.


It really pays to hold off unfurling those "mission accomplished" proclomations
3   anonymous   ignore (null)   2019 Feb 21, 4:55pm     ↓ dislike (0)   quote   flag        

Existing home sales, leading economic indicators miss expectations

4   OccasionalCortex   ignore (4)   2019 Feb 21, 6:11pm     ↓ dislike (0)   quote   flag        

Everybody get ready for another Manufactured BS Media Spree to distract from all this.

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