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Started By
Message
re: Often-touted Atlanta Fed GDPNow projection has some bad news for 3Q
Posted on 9/15/17 at 7:01 pm to 90proofprofessional
Posted on 9/15/17 at 7:01 pm to 90proofprofessional
quote:Or maybe you need to shut up. The foremost economic experts like the former Publix employee who runs the The Conservative Treehouse and the former John Deere catalog model who runs The Gateway Pundit have not only show that Trump has done an amazing job economically, he hasn't even made a single mistake.
translation:
SHUT UP SHUT UP SHUT UP
0
Posted on 9/15/17 at 7:05 pm to 90proofprofessional
And if you want to see something amusing just Google "The Conservative Treehouse GDP."
Here is one headline for the second quarter:
Reuters: Stunning GDP Growth Anticipated by Federal Reserve Next Quarter…
: MAGAnomics Winning – 2nd Quarter GDP Growth Revised Upward to 3%…
1. 4.3% prediction? Amazing MAGAnomics!
2. 2.6% estimate? Amazing MAGAnomics!
3. 3.0% revision? Amazing MAGAnomics!
Here is one headline for the second quarter:
Reuters: Stunning GDP Growth Anticipated by Federal Reserve Next Quarter…
quote:Then when the first official estimate came in: [MAGAnomics – U.S. GDP Growth Doubles in Second Quarter 2017….
The Atlanta Fed is predicting 4.3% growth:
quote:Then when the most recent estimate was released
In the second quarter (April, May, June) the GDP grew at a rate of 2.6%. That’s more than double the first quarters 1.2% growth rate.
: MAGAnomics Winning – 2nd Quarter GDP Growth Revised Upward to 3%…
quote:So to recap:
Despite the good news, the insufferable MSM are still trying to bury the cause and effect.
1. 4.3% prediction? Amazing MAGAnomics!
2. 2.6% estimate? Amazing MAGAnomics!
3. 3.0% revision? Amazing MAGAnomics!
This post was edited on 9/15/17 at 7:15 pm
Posted on 9/15/17 at 7:05 pm to buckeye_vol
Every job my company had near the gulf coast shut down for at least a week. There are roughly 5000 people where I work. Multiply that by 10 just for our company alone and yes it has an impact. I would say that at least a third of the U.S. population lives within 70 miles of the gulf of Mexico coast. Not to mention up the east coast of Florida. Yes it will have an impact.
Posted on 9/15/17 at 7:16 pm to cahoots
quote:2 Historical Hurricanes just hit the United States and devastated cities
How does a prediction go from 4% to 2.2% in a month?
Posted on 9/15/17 at 7:19 pm to bencoleman
quote:Well when we are talking trillions of dollars, even a fraction of that is a huge impact. But that doesn't make that fraction somehow bigger, and defintely not 45% of the forecasted growth.
Multiply that by 10 just for our company alone and yes it has an impact
Hurricanes Irma, Harvey will have a significant negative impact on third-quarter GDP growth
quote:
Moody's estimates the combined cost of both storms, including property damage and lost output, at $150 billion to $200 billion.
Posted on 9/15/17 at 7:37 pm to 90proofprofessional
Translation: I'm praying for the economy to do poorly so I can get a democrat elected and pretend the economy is doing great when it does poorly under a democrat.
Posted on 9/15/17 at 7:37 pm to AuburnTigers
quote:Goldman-Sachs revised it down by about 0.8%: Goldman-Sachs estimates
2 Historical Hurricanes just hit the United States and devastated cities
quote:So I think the extent of the Atlanta Fed's drop is more to do with an overly optimistic initial estimate.
"Given potentially sizeable growth effects from Harvey — and with Irma risks now moving to center stage — we are lowering our Q3 GDP tracking estimate by 0.8pp to +2.0 percent," Goldman wrote. "However, we expect this weakness to reverse over the subsequent three quarters, more than recouping the lost output."
Posted on 9/15/17 at 7:40 pm to thebigmuffaletta
quote:Translation: The same figures that were either ignored or criticized when Obama was in office, is considered evidence of a booming economy when Trump is in office.
Translation: I'm praying for the economy to do poorly so I can get a democrat elected and pretend the economy is doing great when it does poorly under a democrat.
In other words, the economy wasn't as bad as many made it out to be over the last few years, and it's not as great as those some people are making it out to he now. Instead, it's largely the same.
Posted on 9/15/17 at 7:42 pm to GumboPot
quote:
Two hurricanes in very populated areas of the nation.
This. Hell 25% of the nations refining capacity has to shut down for a couple weeks. There is a large trickle effect from these things.. For example our catfish processing plant we sell fish to had to slow way down because the company that makes their packaging boxes had to shut down due to Irma.
These disasters have wide reaching effects
Posted on 9/15/17 at 7:49 pm to thebigmuffaletta
I don't want the economy to do poorly, and it isn't. What kind of jerk would want such a thing?
Posted on 9/15/17 at 7:50 pm to 90proofprofessional
That is a pretty large drop from one set of reports, makes it look like they just sin a wheel and guess.
like the CBO
like the CBO
Posted on 9/15/17 at 7:51 pm to deltaland
quote:Other than those directly impacted, the effects are probably temporary (spike in gas prices), and the broader economy will probably rebound in the coming quarters to make up for it.
These disasters have wide reaching effects
Posted on 9/15/17 at 7:56 pm to gthog61
quote:It actually dropped from 3% in the recent report. They are now in line with the average of the other forecasts, they just had a far more optimistic initial forecast, and that was same for the Q1 (2.5%) and Q2 (4.3%). Their initial estimates would have made for an average growth of about 3.4% compared to the actual average felt of 2.1%.
That is a pretty large drop from one set of reports, makes it look like they just sin a wheel and guess.
quote:Actually I think it's essentially the opposite of the CBO. The CBO is bound to strict, essentially static, assumptions. So the CBO's estimates may be questionable, but I think the criticism is misplaced since they are bound by those assumptions that make estimates questionable.
like the CBO
This post was edited on 9/15/17 at 8:10 pm
Posted on 9/15/17 at 7:57 pm to 90proofprofessional
Your troll is strong.
Posted on 9/15/17 at 7:57 pm to 90proofprofessional
Didn't get Obamacare repealed.
Posted on 9/15/17 at 8:01 pm to 90proofprofessional
Meh. No one should be surprised by this. If this is actually what happens. Not trade able, don't care.
Posted on 9/15/17 at 8:02 pm to Jyrdis
it's rly notPosted on 9/15/17 at 8:05 pm to Iowa Golfer
quote:
No one should be surprised by this.
Agreed!
Posted on 9/15/17 at 8:07 pm to buckeye_vol
I'm making more money under Trump than I was under your black Jesus.
Quit trying to convince people that didn't have economic success under Obama who are having economic success under Trump that they were actually having economic success under Obama.
Bank accounts don't lie no matter how many times you stomp your feet and say otherwise.
Quit trying to convince people that didn't have economic success under Obama who are having economic success under Trump that they were actually having economic success under Obama.
Bank accounts don't lie no matter how many times you stomp your feet and say otherwise.
Posted on 9/15/17 at 8:11 pm to thebigmuffaletta
What kind of income? Wages? Owner's draw? Investments?
Very curious. Do care.
Very curious. Do care.
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