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Message
Economy rockets up to 2.6% GDP growth
Posted on 7/28/17 at 9:12 am
Posted on 7/28/17 at 9:12 am
LINK
quote:
WASHINGTON (MarketWatch) - The U.S. grew at a 2.6% annual pace in second quarter, rebounding from soft patch at the start of the year. Consumer spending, the main engine of the economy, led the way with a 2.8% increase, according to Commerce Department data. Business investment in equipment rose 8.2%, while outlays on structures advanced 4.9%. In a bit of a surprise, the value of inventories fell slightly to mark the second decline in a row. Investment in new housing also sank 6.8%. Exports rose 4.1% and imports edged up 2.1%. Inflation as measured by the PCE price index increased at a 0.3% annual rate.
7
Posted on 7/28/17 at 9:14 am to cokebottleag
Now if congress would do their part we can easily get this economy up to 4%. Trump can only do so much.
Posted on 7/28/17 at 9:15 am to cokebottleag
I know we're used to 1.0% growth under what's his name but 2.6% isn't rockets
Posted on 7/28/17 at 9:20 am to cokebottleag
First quarter revised downward and most years since the recession have seen a second quarter uptick. Average for first half about 2%...not much different from last few years. Regardless of the growth rate, what have Trump and Congress done to change things other than possibly change consumer sentiment? Still way to early to gloat or sulk as far as the economy.
Posted on 7/28/17 at 9:22 am to islandtiger
Consumer sentiment is a pretty important part of the economy. Michigan built a business school on measuring it.
Posted on 7/28/17 at 9:37 am to cokebottleag
Q1 and Q3 revised down and Q2 missed expectations.
Not exactly something to get amped about.
Not exactly something to get amped about.
Posted on 7/28/17 at 9:39 am to cokebottleag
I'm always amazed how much impact "perception" has on the markets.
Just having a president who is a public advocate of business and the economy can have a noticeable effect.
Just having a president who is a public advocate of business and the economy can have a noticeable effect.
Posted on 7/28/17 at 9:42 am to AUbused
quote:
Q1 and Q3 revised down and Q2 missed expectations.
Not exactly something to get amped about.
Other than its double what we've had the past 8 yrs.
Posted on 7/28/17 at 9:48 am to Wtodd
quote:
I know we're used to 1.0% growth under what's his name but 2.6% isn't rockets
Pretty much is at this point in time. It's historically ridiculously hard for presidents to affect the growth rate at all at the end of a business cycle, which is where we're at right now. I'm very interested to see what he can do when a new cycle occurs and the world economy is in a better place
Posted on 7/28/17 at 9:51 am to Wtodd
Actually it's similar growth to the last few years.
Posted on 7/28/17 at 10:00 am to AUbused
quote:
Q1 and Q3 revised down and Q2 missed expectations.
Where are you getting this from?
Q3 isn't over yet, unless you are looking back to Obama's data.
Posted on 7/28/17 at 10:03 am to cokebottleag
Thanks Trump for putting our economy in the shitter. Wait what?
Posted on 7/28/17 at 10:03 am to cokebottleag
Last year a lot of people in my company were on the bench. Things were going slow in Canada and the US. We were applying the extra manpower to business development.
It's the opposite now. We are 100% utilized and may have to turn down work. Most of our clients are large manufacturers too.
I get a sizable bonus if I recommend someone that ends up being hired as an experienced senior level or higher. We are pretty desperate for more good people.
It's the opposite now. We are 100% utilized and may have to turn down work. Most of our clients are large manufacturers too.
I get a sizable bonus if I recommend someone that ends up being hired as an experienced senior level or higher. We are pretty desperate for more good people.
Posted on 7/28/17 at 10:03 am to dewster
quote:
We are pretty desperate for more good people
So is Congress
Posted on 7/28/17 at 10:04 am to Wtodd
quote:
So is Congress
We probably don't pay what they do.
Posted on 7/28/17 at 10:06 am to dewster
True and you're actually looking for results
Posted on 7/28/17 at 10:14 am to BugAC
quote:
Q3 isn't over yet, unless you are looking back to Obama's data.
Q3 2016. Im not particularly concerned with whose data it is but just pointing out that this was not a great report card.
This post was edited on 7/28/17 at 10:15 am
Posted on 7/28/17 at 10:15 am to AUbused
Q1 2017 was a revision upwards.. not down
Posted on 7/28/17 at 10:20 am to Shepherd88
Tell it to Zerohedge.
LINK
quote:
Of note: GDP prints starting in Q3 2016 and through Q1 2017 were all revised lower.
LINK
This post was edited on 7/28/17 at 10:21 am
Posted on 7/28/17 at 11:04 am to AUbused
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