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Started By
Message
re: 1st quarter GDP: 3.2%
Posted on 4/26/19 at 8:06 am to Bunyan
Posted on 4/26/19 at 8:06 am to Bunyan
quote:
quote:
we all celebrate a damned strong number and appreciate the policies (and person) that are a main driver for it.
Good point.
yes, he's right
i'm actually hoping that the recent good news starts motivating people to start paying attention to the details and mechanics
eta: i'm going to keep talking about them regardless
This post was edited on 4/26/19 at 8:07 am
4
Posted on 4/26/19 at 8:09 am to Raptordawg
quote:
even after a government shutdown.
And this alone will make for some sound bites that will not have aged well.
Posted on 4/26/19 at 8:10 am to Bunyan
It's what REALLY matters and is the envy of the world! 
Posted on 4/26/19 at 8:24 am to Bunyan
Posted on 4/26/19 at 8:25 am to 90proofprofessional
In your own words you linked “federal spending was down” in Q1.
Yet you’re trying to say Trump inflated this data from his spending?? Wtf
Yet you’re trying to say Trump inflated this data from his spending?? Wtf
Posted on 4/26/19 at 8:29 am to Shepherd88
quote:
In your own words you linked “federal spending was down” in Q1.
Yet you’re trying to say Trump inflated this data from his spending?? Wtf
again, the govt spending bump was from state and local
but good on you for looking
This post was edited on 4/26/19 at 8:30 am
Posted on 4/26/19 at 8:29 am to 90proofprofessional
You are melting so hard in this thread
Hail Trump
Hail Trump 
Posted on 4/26/19 at 8:31 am to 90proofprofessional
quote:you pray to baal for a recession every night, don't you?
That uptick in spending for public construction didn't even occur to me. Great number!
eta: and wow, 2 of the first 3 posts
Posted on 4/26/19 at 8:36 am to 90proofprofessional
quote:
before this morning i was just thinking about inventories & net exports dragging going forward. now the govt spending part could become a drag too
Yep.
Posted on 4/26/19 at 8:39 am to Bunyan
quote:
1st quarter GDP: 3.2%
That lying Orange Bastard! I'm not tired of winning yet.
Posted on 4/26/19 at 8:39 am to Jyrdis
quote:
Yep.
did you get a chance to look at that ITC report on USMCA?
Posted on 4/26/19 at 8:42 am to 90proofprofessional
quote:
the guy trying to provide it consistently and in context gets shouted down.
The evidence seems to be to the contrary. Basically, for awhile now, you have shite on pretty much every positive pronostication. You have given deductive, lucid reasoning for your beliefs and yet...you have been consistently wrong. To credit your tenacity, you seem to double down with the exact same outlook pretty much every time. You are like IB with his tariff tantrums. I guess one day the economy will go to shite and you can do your victory dance. Until then, continue on with your routine. It seems to give you the negative attention you seem to crave. Have a good day. Merica!
This post was edited on 4/26/19 at 2:23 pm
Posted on 4/26/19 at 8:43 am to jimmy the leg
Just think what it would have been under President Clinton with a Democrat Congress.
And if any of you claim it would have been better you are lying like hell.
And if any of you claim it would have been better you are lying like hell.
Posted on 4/26/19 at 8:44 am to TigerBait1971
quote:
Muh 2.4
Hey that was me lol. 3.2 is crazy unexpected, but damn if I won't take it. The media is going to pivot so fast from recession talk to "Trump is overheating the economy" haha. Exports up and imports down each by 3.7% was surprising, don't expect them to have such a spread.
quote:
Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter.
Income increases are also quite nice. I lean towards 3.2 getting revised down but as data has come in its only gone up so anybody's game on that. If we actually revise down towards the GDPNOW 2.7 that'd be fine, still a spectacular number.
This post was edited on 4/26/19 at 8:45 am
Posted on 4/26/19 at 8:45 am to Bunyan
quote:
1st quarter GDP: 3.2%
And they think there's a chance that Biden from the 1% GDP Obama Administration is going to beat him!
Posted on 4/26/19 at 8:46 am to 90proofprofessional
ITC Report
Sounds good.
Industry targeting doing what industry targeting does.
Looks like a net change of 0 with Canada and a trade surplus (well a lessening of the trade deficit) with Mexico.
quote:
The Commission used a combination of detailed quantitative and qualitative industry analyses and an economy-wide computable general equilibrium model to assess the likely impact of USMCA on the U.S. economy and industry sectors. The model estimates that, if fully implemented and enforced, USMCA would have a positive impact on U.S. real GDP and employment.
Sounds good.
quote:
USMCA would strengthen and add complexity to the rules of origin requirements in the automotive sector by increasing regional value content (RVC) requirements and adding other requirements. USMCA’s requirements are estimated to increase U.S. production of automotive parts and employment in the sector, but also to lead to a small increase in the prices and small decrease in the consumption of vehicles in the United States.
Industry targeting doing what industry targeting does.
quote:
The Commission’s model estimates that USMCA would raise U.S. real GDP by $68.2 billion (0.35 percent) and U.S. employment by 176,000 jobs (0.12 percent). The model estimates that USMCA would likely have a positive impact on U.S. trade, both with USMCA partners and with the rest of the world. U.S. exports to Canada and Mexico would increase by $19.1 billion (5.9 percent) and $14.2 billion (6.7 percent), respectively. U.S. imports from Canada and Mexico would increase by $19.1 billion (4.8 percent) and $12.4 billion (3.8 percent), respectively. The model estimates that the agreement would likely have a positive impact on all broad industry sectors within the U.S. economy. Manufacturing would experience the largest percentage gains in output, exports, wages, and employment, while in absolute terms, services would experience the largest gains in output and employment.
Looks like a net change of 0 with Canada and a trade surplus (well a lessening of the trade deficit) with Mexico.
Posted on 4/26/19 at 8:50 am to Seldom Seen
What will Gropin Joe's economic message be? He can't claim minorities haven't benefited, although he will lie and try to. He will try and take credit for some of the numbers, maybe all of them and say Obama's policies caused it all.
And Trump will laugh him out of any debate arena like the braying jackass he is. How about those 'shovel ready jobs" Joe? LOL
Trump created far more jobs than he and Messiah Jugears and didn't have to steal a Trillion Dollars to do it.
And Trump will laugh him out of any debate arena like the braying jackass he is. How about those 'shovel ready jobs" Joe? LOL
Trump created far more jobs than he and Messiah Jugears and didn't have to steal a Trillion Dollars to do it.
This post was edited on 4/26/19 at 8:54 am
Posted on 4/26/19 at 8:50 am to 90proofprofessional
quote:
In your own words you linked “federal spending was down” in Q1. Yet you’re trying to say Trump inflated this data from his spending?? Wtf
again, the govt spending bump was from state and local but good on you for looking
Exactly my point. So how can you even remotely try and say Trump is inflating these numbers? State and local spending is good. They have a lot different balance sheets than the federal government.
Posted on 4/26/19 at 8:53 am to Jyrdis
noteworthy i thought was that the main positive contributors were things that reduce uncertainty (things that were already in TPP), and that the auto rules of origin provisions were a net negative
but really i was just curious if you knew the kind of typical details. i skimmed the report, curious about their assumption on the future state of the steel/aluminum tariffs, and didn't see a word about it
but really i was just curious if you knew the kind of typical details. i skimmed the report, curious about their assumption on the future state of the steel/aluminum tariffs, and didn't see a word about it
Posted on 4/26/19 at 8:54 am to Shepherd88
quote:
how can you even remotely try and say Trump is inflating these numbers
i don't understand how you could have interpreted anything i've said this way
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