"Gross Domestic Product" - 2nd quarter 2018 BLS report

Discussion in 'Current Events' started by Bluesguy, Aug 29, 2018.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    And the number is in

    "Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018".
    https://www.bea.gov/data/gdp/gross-domestic-product

    All engines firing and a solid out look looking forward. Incomes increasing, record low unemployment, more jobs than people available.

    Why would anyone vote socialist democrats into office to reverse it all?
     
  2. jay runner

    jay runner Banned

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    America First. American Citizens First.
     
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  3. Dutch

    Dutch Well-Known Member Past Donor

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    Obama did it, Trump is just riding in his wake. You just watch, Trump will destroy the economy, the US standing in the world, everything. You just watch :hiding:
     
  4. Cubed

    Cubed Well-Known Member Past Donor

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    For someone as versed in economics as you are, you'd think you acknowledge the fact that this level of growth is unsustainable, and a correction/crash will happen. Acting like it'll never stop simply because Trump is in office is ridiculous. This is the longest bullrun economy in US history, which means a crash IS on the horizon.

    Better hope those interest rates don't climb to high or the Trillion Dollar Deficits that are going to come, coupled with the multi-trillion dollar debt on hand is going to make 08 look like peanuts.
     
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  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    Numbers are certainly not pointing towards a correction or a crash but when one comes who do you want to be in control of the government the Republicans or the Democrats? And you know what CBO has a horrible record of predicting the results of tax policy and future deficit/surplus. So don't project out based on them. We have a mild correction in a few years it will just be a buying opportunity.


    After the Gingrich/Kasich tax rate cuts and the Bush43 tax rate cuts in spite of CBO predictions otherwise we had surpluses and measly deficits heading towards them based on record tax revenue increase while under the Clinton tax rate increase instead of the surpluses tax revenue growth fell, it would have been better had he done nothing.
     
  6. opion8d

    opion8d Well-Known Member Past Donor

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    This kind of thing never goes on forever. The DJIA has gone up 20,000 points in 10 years. P/E ratios on the major indices are around 16, Russell 2000 and NASDAQ around 20. This has been the longest bull run most of us have ever seen. I guess that's why I'm cautious. Watch for speculation in tech, housing, and financial sectors.
     
    Last edited: Aug 29, 2018
  7. Moonglow

    Moonglow Well-Known Member

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    What was the first quarter GDP of 2018?
     
  8. Moonglow

    Moonglow Well-Known Member

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  9. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    OMIGOSH!!! That is HORRIBLE!! (Revised UP from 4.1% I see!! :) ).

    It's clear that the current GROWTH POLICIES are designed to kill children and the elderly, by giving them more $$, with which to do dangerous things...curse that TRUMP!!!!!
     
    Last edited: Aug 29, 2018
  10. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Awwww...is da po' widdo' wiberal upset?

    The post holidays always see a dropoff in consume spending, (the primary driver of our GDP) especially after the CRACKIN' 4th quarter of 2017.

    Let's see...2% + 4.2% = 6.2% /2 = 3.1% AVERAGE GROWTH over the first half of the year.

    Bu-bu-but "3% ANNUAL GROWTH IS IMPOSSIBLE!!"
    Halfway there, already.


    Enjoy!! :)
     
    Last edited: Aug 29, 2018
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    Oh now it's complaining we are growing TOO fast.
     
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  12. Moonglow

    Moonglow Well-Known Member

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    Not upset just used to annual results and not a cheerleader for short-term..I get all my annuities annually...
     
  13. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    They are ALWAYS looking for a cloud to put into the nonstop economic silver lining.... fun to watch! :mrgreen:
     
  14. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Then you should be happy with the way things are going.

    And 2% growth after the booming fourth quarter of 2017 was NO LOSS, by any means...
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    You have to ask? If you are trying to make a point just make it.
     
  16. Bluesguy

    Bluesguy Well-Known Member Donor

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    Which previously never got the levels it should have and was in fact petering out and people talking a recession in the cycle and now new blood, not phoney Fed Reserve money, being injected and the economy FINALLY getting on track for the growth we should have had 6 years ago.
     
  17. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yep the 4.1% held and in fact got a little boost. And we've had nothing but good news this month. Geez don't let the Democrats take back the Congress and monkey thing up.
     
  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well let's keep the Democrats from taking back the Congress and monkeying things up and your annuities will be even better.
     
  19. AmericanNationalist

    AmericanNationalist Well-Known Member

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    This level of growth is perfectly sustainable, as long as economic activity continues to occur. A whole 80% of the work force are employees. 80%. Do you know how many millions of minds are untapped in terms of their entrepreneur capabilities and potential? We're talking tens of hundreds of billions of jobs, lying in the mind of each American who feels he can't take the financial risk or doesn't have the time or the knowledge.

    By actively micromanaging these factors, the government can effect more jobs than any stimulus bill ever could.
     
  20. Libby

    Libby Well-Known Member

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    Leftie logic: the economy is too strong, Trump is going to cause a crash

    Leftie logic: the economy is strong, but Obama deserves the credit, all hail Obama

    Leftie logic: the economy isn't growing fast enough, Trump sucks

    :spin:

    Do you folks ever even attempt to synchronize your talking points??
     
    Last edited: Aug 29, 2018
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  21. Moonglow

    Moonglow Well-Known Member

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    I need oil to rise just a little more for a better check from oil royalties also..
     
  22. Moonglow

    Moonglow Well-Known Member

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    I can make money no matter who is in office, been doing it for 45 years..If there is a will, there is a way...
     
  23. Moonglow

    Moonglow Well-Known Member

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    So you can deny it?
     
  24. Moonglow

    Moonglow Well-Known Member

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    I always wanted to open up my own gynecological fortune telling business..
     
    Last edited: Aug 30, 2018
  25. raytri

    raytri Well-Known Member

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    Maybe the problem is that you think there are “talking points.”
     

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