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Started By
Message
2018 GDP grows at 2.9%, best since 2014
Posted on 2/28/19 at 8:03 am
Posted on 2/28/19 at 8:03 am
2018 annual GDP numbers finally got released after the shutdown, showing a respectable 2.9% for 2018.
LINK
Also in the way of updates:
The goods trade deficit skyrocketed again in December to $79.5 bil, setting a fresh record. Guess it got lost in the shuffle, with the historic scenes of Korean denuclearization and the Cohen spectacle. LINK
LINK
quote:
Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2018
\
Real GDP increased 2.9 percent in 2018 (from the 2017 annual level to the 2018 annual level)
Also in the way of updates:
The goods trade deficit skyrocketed again in December to $79.5 bil, setting a fresh record. Guess it got lost in the shuffle, with the historic scenes of Korean denuclearization and the Cohen spectacle. LINK
4
Posted on 2/28/19 at 8:07 am to 90proofprofessional
quote:
2018 GDP grows at 2.9%, best since 2014
I picture you like this in your moms basement having to type that
Posted on 2/28/19 at 8:11 am to SDVTiger
why would typing any part of that bother me
Posted on 2/28/19 at 8:11 am to 90proofprofessional
Posted on 2/28/19 at 8:12 am to SDVTiger
that's what i thought
Posted on 2/28/19 at 8:14 am to 90proofprofessional
LINK
quote:
While the GDP report was only preliminary, it would mean average growth for the year was 3.1 percent.
And they said 3% couldn’t be done!
Posted on 2/28/19 at 8:16 am to Shepherd88
quote:It wasn’t though since the 2.9% is how they officially measure annual change. 3.1% is Q4/Q4.
And they said 3% couldn’t be done!
Posted on 2/28/19 at 8:17 am to buckeye_vol
It’s spelled out right there on the CNBC article
Posted on 2/28/19 at 8:19 am to buckeye_vol
quote:
It wasn’t though
an of course, no one said that a single year of it couldn't be done. acting like anyone said that is one of the more pathetic attempts at goalpost-moving i've seen
Posted on 2/28/19 at 8:37 am to Shepherd88
quote:
2018 GDP grows at 2.9%, best since 2014
quote:
It’s spelled out right there on the CNBC article
Exactly.
Posted on 2/28/19 at 8:41 am to Shepherd88
From your own link:
2.9% growth y/y is solid. I’ll take it all day long and twice on Sunday.
quote:
For the year, annual 2018 real GDP increased by 2.9 percent, according to the Bureau of Economic Analysis.
2.9% growth y/y is solid. I’ll take it all day long and twice on Sunday.
Posted on 2/28/19 at 8:43 am to Jyrdis
Obama was considered a failure because his economy never achieved 3% annual GDP.
Posted on 2/28/19 at 8:45 am to 90proofprofessional
quote:
of course, no one said that a single year of it couldn't be done. acting like anyone said that is one of the more pathetic attempts at goalpost-moving i've seen
quote:
If Trump thinks he can get more than 3% economic growth, he's dreaming
NOBODY said that
90proof be like
This post was edited on 2/28/19 at 8:51 am
Posted on 2/28/19 at 9:06 am to CAD703X
did you even read what you linked? did you not notice the repeated use of the word "sustained"
wow, what a hilarious, pathetic fail
wow, what a hilarious, pathetic fail
Posted on 2/28/19 at 9:10 am to Jyrdis
quote:
2.9% growth y/y is solid. I’ll take it all day long and twice on Sunday.
This^.
Posted on 2/28/19 at 9:12 am to 90proofprofessional
Wont this be revised up in a few weeks?
Posted on 2/28/19 at 9:16 am to SirWinston
quote:
Wont this be revised up in a few weeks?
It will be revised 2 more times. But it's unknown if it will be revised up, down or not revised at all. That depends on the results of the rest of the data that is received by the government from people and industry.
Posted on 2/28/19 at 9:17 am to 90proofprofessional
I’m sure it will be adjusted upward and the news buried on page 19 of the Failing NY Times
This post was edited on 2/28/19 at 9:18 am
Posted on 2/28/19 at 9:34 am to Bourre
q3 got revised down with this release fwiw
Posted on 2/28/19 at 9:38 am to Jyrdis
quote:
2.9% growth y/y is solid. I’ll take it all day long and twice on Sunday.
It is solid. I don't understand why the Trump cultists insist that Trump's numbers are higher than Obama's and that the actual numbers must be lies because they are under 3%. I understand that Trump said his numbers would be higher, and they aren't. For the Trump cultists to insist that reality is different than it is is ridiculous.
2.9% means that in 2018 the economy was sound. No one needs to insist that reality is a lie "because Trump."
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