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Started By
Message
3rd quarter GDP second estimate bumped up from 3.0% to 3.3%
Posted on 11/29/17 at 8:28 am
Posted on 11/29/17 at 8:28 am
CNBC link: LINK
BEA report: LINK
ETA:
At this rate 3% annual GDP growth rate is well within reach. As it stands now if the economy grows at 4.2% for the fourth quarter the annual GDP growth will be 3% for the year.
1st quarter 1.4%
2nd quarter 3.1%
3rd quarter 3.3%
Just need a 4.2% fourth quarter and we will see 3.0% for the year.
BEA report: LINK
ETA:
At this rate 3% annual GDP growth rate is well within reach. As it stands now if the economy grows at 4.2% for the fourth quarter the annual GDP growth will be 3% for the year.
1st quarter 1.4%
2nd quarter 3.1%
3rd quarter 3.3%
Just need a 4.2% fourth quarter and we will see 3.0% for the year.
This post was edited on 11/29/17 at 8:36 am
9
Posted on 11/29/17 at 8:34 am to GumboPot
"We should never expect 3% growth again."
-first black president
-first black president
Posted on 11/29/17 at 8:36 am to Deuces
quote:
"We should never expect 3% growth again." -first black president
First out and out Marxist President too
Posted on 11/29/17 at 8:36 am to Deuces
quote:
"We should never expect 3% growth again."
See my edit.
Posted on 11/29/17 at 8:38 am to GumboPot
Posted on 11/29/17 at 8:40 am to Deuces
Also note...the third and final estimate of the third quarter GDP will be out next month and if the trend holds true this last adjustment to 3.3% will likely be bumped up to 3.4 or 3.5% thus making annual 3.0% growth very feasible (especially after the blowout Christmas shopping numbers we are currently seeing).
Posted on 11/29/17 at 8:42 am to Strannix
quote:
First out and out Marxist President too
You never heard about that FDR guy did you?
Posted on 11/29/17 at 8:47 am to GumboPot
quote:
bumped
Posted on 11/29/17 at 8:51 am to Wtodd
Just tweeted by our president:
Posted on 11/29/17 at 8:58 am to GumboPot
Won't be long until the Dems start talking about how the average person is being left behind in the Reagan I mean Trump recovery. Same exact shite as the 80s.
Posted on 11/29/17 at 9:13 am to GumboPot
I'm convinced if the tax bill is passed and signed we will see 4%+ GDP growth next year.
Posted on 11/29/17 at 9:16 am to LSURussian
quote:
I'm convinced if the tax bill is passed and signed we will see 4%+ GDP growth next year.
might happen even without tax cuts.
then again, i expected high 3's in 2015.
hard to imagine that the Fed doesn't step in if we get above 4 though (because it's hard to believe inflation would stay this low)
Posted on 11/29/17 at 9:17 am to Radiojones
quote:
Won't be long until the Dems start talking about how this could "overheat" the economy.
Fixed.
Posted on 11/29/17 at 9:24 am to 90proofprofessional
quote:
(because it's hard to believe inflation would stay this low)
Low energy prices have been a major factor to keeping inflation at bay. Trump is doing everything he is capable of to keep energy prices low: mining permits, pipeline permits, exploration permits, opening up federal lands, ME relations, etc.
Posted on 11/29/17 at 9:28 am to Bard
The Atlanta Fed GDPNow will update their 4th quarter forecast tomorrow. That will be interesting. Their 4Q17 forecast currently stands at 3.4%.
Posted on 11/29/17 at 9:37 am to GumboPot
we're already below (but close to) the natural rate of unemployment, and have been for some time with ~2.5% growth. low energy prices have contributed to low inflation occurring despite this, but if we sustain greater than 4%, arguing that inflation doesn't rapidly climb as well is optimistic to put it gently
Posted on 11/29/17 at 9:37 am to GumboPot
Its amazing how having a Leader who continually pumps sunshine about the economy will cause consumer confidence and economic growth, and having a Leader who continually tells people "we need to accept decline as the new normal" will not.
Weird.
Weird.
Posted on 11/29/17 at 9:38 am to Deuces
Posted on 11/29/17 at 9:41 am to Radiojones
quote:
Won't be long until the Dems start talking about how the average person is being left behind in the Reagan I mean Trump recovery. Same exact shite as the 80s.
Java Joe and Peggy Noonan, a WSJ reporter, were discussing exactly this on his show this morning.
Posted on 11/29/17 at 9:42 am to Radiojones
quote:Recovery from what?
Trump recovery
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