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US economy grew at a rate of 3 percent between July and September

Posted by Olog-hai on Fri Oct 27 12:35:24 2017

Washington Post WonkBlog

U.S. economy grew at a 3 percent rate, a win for Trump

By Heather Long
October 27, 2017 at 11:32 AM
The U.S. economy expanded at a 3 percent annualized rate between July and September, advancing President Trump's goal of faster economic growth and potentially providing a tail wind to Republican efforts to overhaul the tax code.

The robust pace of economic growth defied analysts' expectations that activity might slow in the third quarter because of Hurricane Harvey. The economy also grew at 3 percent in the spring, the Bureau of Economic Analysis reported Friday.

Combined with a strong labor market and record highs in the stock market — the Standard & Poor's 500 index is up nearly 15 percent year to date — the economy is proving to be an ally of a president who is otherwise suffering from unusually low approval numbers and political conflicts.

Trump and his allies in Congress are making the case that passing a tax overhaul — which aims to cut income and corporate taxes by $1.5 trillion over a decade — is critical to continuing the economic expansion. House Republicans plan to unveil a bill on Wednesday on the tax code and both chambers plan to pass one by Thanksgiving, an extremely tight deadline for a major piece of legislation.

“Working with President Trump and the Senate, we will deliver on our tax reform promise this year — ushering in a new era of growth for the American people,” House Ways and Means Committee Chairman Kevin Brady (R-Texas) said in a statement Friday.

Yet the resiliency of the economy also underscores the high-stakes of the effort and what any slowdown in growth, or decline in the stock market, might mean for the president and Republicans politically.

Few economists expect the economy to continue to expand at 3 percent growth in coming quarters, given the waves of baby boomers retiring and exiting the workforce. Under President Obama, the economy grew an average of 2.1 percent a year, although he also had many quarters where growth exceeded 3 percent.

On the campaign trail, Trump repeatedly promised growth of over 4 percent, which hasn't happened consistently since the late 1990s.

“An above-trend quarter does not mean that the trend has picked up,” says Jim O'Sullivan, chief U.S. economist at High Frequency Economics.

And some — including in the White House — argue that the stock market and businesses might already be pricing in a substantial tax cut, meaning failure to deliver could lead to a pullback in performance.

“Firms are optimistic because of regulatory reform but also because they expect corporate tax reform,” said Kevin Hassett, chair of Trump’s Council of Economic Advisers, on a call Friday with reporters. “The thing I’m worried about is if those expectations prove to be incorrect, I would expect business fixed investment to go back to its disappointing past and markets to go down as well.”

Growth in the third quarter was driven by Americans continuing to spend money on a wide range of products and businesses starting to open their wallets more to purchase new equipment and build up their inventories. Higher federal government spending also helped boost growth.

“The economy continues to grow above potential. This is what will lead to further improvements in labor markets and, over time, firmer wage growth and inflation,” says Pooja Sriram, an economic analyst at Barclays bank.

The United States is on track for a history-making expansion. If the current growth cycle lasts until May 2018, as most economists predict, it will be the second longest expansion in U.S. history, according to Lakshman Achuthan, co-founder of the Economic Cycle Research Institute. If it lasts until July 2019, it would surpass the 1991-2001 expansion as the longest.

“So some people may think we are in the seventh or eighth inning of this expansion, but in the business cycle game, there is no fundamental reason an economic expansion cannot last for 20 innings or longer,” says Achuthan.

There's a heated debate among economists over how much Trump's tax plan, which is being finalized now, will bump up growth. The Trump administration says tax cuts will cause a large uptick, so much so that the economy will grow more than 3 percent a year, which hasn't happened since 2005.

Goldman Sachs forecasts only a modest 0.1 to 0.2 percentage point increase in economic growth if Congress passes the tax reform bill. The Wall Street bank also cautions that growth depends not just on what Congress and the White House do, but also the Federal Reserve. After years of stimulative low interest rates, the Fed is beginning to lift rates, which is akin to tapping the brakes on the economy.

“This tail wind is unlikely to persist as the Fed continues to tighten,” Goldman warned in its weekly kick-start newsletter this week.

Trump is about to select the next Fed chair, the most powerful economic policy position in the United States. He is currently debating between reappointing current chair Janet L. Yellen, an advocate of low rates to help growth and jobs, or nominating someone like Stanford economist John Taylor, who favors raising interest rates faster.

The leading candidates for the job are Yellen, Taylor and Jerome Powell, who is currently a Fed governor and seen as someone likely to continue many of Yellen's low-rate policies.

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(1471883)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by R2ChinaTown on Fri Oct 27 12:58:18 2017, in response to US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 12:35:24 2017.

You really shouldn't be spreading hateful stuff like that around here. Our liberal friends will now have to shift into overdrive to try to
(A) Disprove your statements.
(B) Credit obama for the economy.

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(1471885)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by Olog-hai on Fri Oct 27 13:23:17 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by R2ChinaTown on Fri Oct 27 12:58:18 2017.

Yeah, even in spite of the fact that he barely got above two percent growth for eight whole years of his own presidency.

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(1471887)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by R2ChinaTown on Fri Oct 27 13:28:32 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 13:23:17 2017.

I'm sure bingbong the economist will explain why 2% is better than 3%.

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(1471888)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by mtk52983 on Fri Oct 27 13:41:21 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by R2ChinaTown on Fri Oct 27 13:28:32 2017.

It will harp on the line that the economic growth started in 2009 and therefore everyrthing good is Obama and everything bad is Trump

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(1471889)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by https://salaamallah.com/ on Fri Oct 27 13:41:39 2017, in response to US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 12:35:24 2017.

ZZZZZZZZZZZZZZZZZZZZ

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(1471895)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by bingbong on Fri Oct 27 14:28:26 2017, in response to US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 12:35:24 2017.

If trump puts in some variety of synchopant instead of being smart and renewing Yellen, there is a significant risk of setting off an inflationary spiral. The rest of his people seem content to leave everything alone since it's been working. Got a problem with that?

This is strong enough growth to get everything moving well. Let's not fuck it up. Please.

Do realize, that, as a retiree, I stand to do quite well if interest rates mushroom. Young people will be fucked in the process. Keep that in mind, kids.

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(1471897)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by bingbong on Fri Oct 27 14:58:27 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by mtk52983 on Fri Oct 27 13:41:21 2017.

It has everything to do with the fact that trump has yet to enact any variety of significant economic policy. Won't be long, with Fed Chair Yellen up for a renewed term. Let's see just how smart trump actually is.

Do notice that trump's people haven't done anything beyond leave everything essentially alone where the Obama administration left it. That should be telling in and of itself.

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(1471909)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by Olog-hai on Fri Oct 27 19:19:30 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by R2ChinaTown on Fri Oct 27 13:28:32 2017.

And why 2 + 2 = 5 as well.

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(1471919)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by ftgreeneg on Sat Oct 28 02:54:15 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by mtk52983 on Fri Oct 27 13:41:21 2017.

"It will harp on the line that the economic growth started in 2009"

Well it is indeed true, for what many on the right consider the worst pres ever.

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(1471920)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by Fred G on Sat Oct 28 05:04:56 2017, in response to US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 12:35:24 2017.

God bless Barack Obama


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(1471942)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by SLRT on Sat Oct 28 10:17:28 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by Fred G on Sat Oct 28 05:04:56 2017.

Heh.

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(1471945)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by Olog-hai on Sat Oct 28 10:47:00 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by Fred G on Sat Oct 28 05:04:56 2017.

Gesundheit.

He's being called for jury duty in Cook County, BTW.

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(1472061)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by orange blossom special on Sun Oct 29 13:52:14 2017, in response to US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 12:35:24 2017.

But...But....

"This administration has attacked everything about what it means to be American," Johanna Schulman"

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(1472062)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by orange blossom special on Sun Oct 29 13:52:38 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by Fred G on Sat Oct 28 05:04:56 2017.

Dude admits he doesn't read so much, he doesn't even know whose President anymore.

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(1472097)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by Olog-hai on Sun Oct 29 17:04:22 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by orange blossom special on Sun Oct 29 13:52:14 2017.

Funny how they say "American" when they mean "Soviet".

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(1472106)

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Re: US economy grew at a rate of 3 percent between July and September

Posted by bingbong on Sun Oct 29 17:42:18 2017, in response to Re: US economy grew at a rate of 3 percent between July and September, posted by orange blossom special on Sun Oct 29 13:52:14 2017.

It has.

Shows you how much the economy has to do with government. Seriously. They are yet (and perhaps, wisely) to actually enact any significant economic policies or make significant chnages in staff (a Treasury Secretary who decided to do nothing as they saw everything was functioning well and have a half an ounce of brains excluded) in DC, so this economy still belongs to the Obama administration.

Get back to once trump screws this up.

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(1473423)

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Atlanta Fed forecasts US economy to grow at a rate of 4˝ percent for fourth quarter of 2017

Posted by Olog-hai on Fri Nov 3 00:11:37 2017, in response to US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 12:35:24 2017.

GDPnow


The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release.

Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet.

Latest forecast: 4.5 percent — November 1, 2017

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 4.5 percent on November 1, up from 2.9 percent on October 30.

The forecasts of real consumer spending growth and real private fixed investment growth increased from 2.8 percent and 4.4 percent, respectively, to 4.1 percent and 8.8 percent, respectively, after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management.

The model's estimate of the dynamic factor for October—normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data—increased from 0.04 to 1.43 after the ISM report.

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(1473426)

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Re: Atlanta Fed forecasts US economy to grow at a rate of 4˝ percent for fourth quarter of 2017

Posted by BILLBKLYN on Fri Nov 3 00:25:07 2017, in response to Atlanta Fed forecasts US economy to grow at a rate of 4˝ percent for fourth quarter of 2017, posted by Olog-hai on Fri Nov 3 00:11:37 2017.

MAGAnomucs at work!

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(1473435)

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Re: Atlanta Fed forecasts US economy to grow at a rate of 4˝ percent for fourth quarter of 2017

Posted by Olog-hai on Fri Nov 3 01:24:54 2017, in response to Re: Atlanta Fed forecasts US economy to grow at a rate of 4˝ percent for fourth quarter of 2017, posted by BILLBKLYN on Fri Nov 3 00:25:07 2017.

This kind of stuff has not been heard of in eight years.

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(1481896)

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New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Olog-hai on Mon Dec 18 10:07:52 2017, in response to US economy grew at a rate of 3 percent between July and September, posted by Olog-hai on Fri Oct 27 12:35:24 2017.

They had to revise it upwards. That must have pained them to do.

Reuters

N.Y. Fed raises U.S. fourth-quarter GDP growth view to near 4 percent

Richard Leong, Reuters Staff
December 15, 2017 12:09 PM
The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the fourth quarter of 2017 closer to 4 percent, based on revisions of prior data that suggested stronger economic activities.

The regional central bank’s “Nowcast” model calculated the economy was expanding at an annualized pace of 3.98 percent in the fourth quarter, quicker than the 3.92 percent rate calculated a week ago.

The New York Fed said its latest tracking estimate on GDP growth for the first three months of next year was 3.15 percent, compared with 3.12 percent from last week.

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(1481907)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by BILLBKLYN on Mon Dec 18 10:55:04 2017, in response to New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Olog-hai on Mon Dec 18 10:07:52 2017.

MAGAnomics!

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(1481917)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by bingbong on Mon Dec 18 11:19:37 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by BILLBKLYN on Mon Dec 18 10:55:04 2017.

Yes, donld trump is making America Gilead again.

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(1481920)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by R2ChinaTown on Mon Dec 18 11:21:00 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by bingbong on Mon Dec 18 11:19:37 2017.

Get a job.

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(1481925)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by BILLBKLYN on Mon Dec 18 11:29:01 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by bingbong on Mon Dec 18 11:19:37 2017.

His success kills you. It kills you to know that he is a better president than Obama was.

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(1481928)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by ClearAspect on Mon Dec 18 11:30:15 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by BILLBKLYN on Mon Dec 18 11:29:01 2017.

It kills you actually listing a reason based on the realm of reality.

Especially since he hasn't passed a single piece of legislation in nearly over 330 days.

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(1481929)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Fred G on Mon Dec 18 11:30:34 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by BILLBKLYN on Mon Dec 18 11:29:01 2017.

I'm just glad he hasn't fucked up the good economy he was handed.

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(1481937)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by BILLBKLYN on Mon Dec 18 11:42:11 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by ClearAspect on Mon Dec 18 11:30:15 2017.

Do you realize because of the Democrats and the Deep State Republicans don't want him to succeed which is why they shoot every single one of his things down

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(1481938)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by BILLBKLYN on Mon Dec 18 11:42:33 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Fred G on Mon Dec 18 11:30:34 2017.

I know you guys will never admit and accept the fact that the economy is the way it is right now because of him

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(1481939)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by mtk52983 on Mon Dec 18 11:44:22 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by BILLBKLYN on Mon Dec 18 11:42:11 2017.

Do you realize that maybe the economy is doing well because the Democrats and Deep State Republicans are preventing Trump from enacting policies that would stifle economic growth.

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(1481941)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Olog-hai on Mon Dec 18 11:46:23 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by BILLBKLYN on Mon Dec 18 11:42:33 2017.

Eight years of barely reaching 2 percent (on average) and often not reaching it at all paints the real picture.

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(1481942)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Fred G on Mon Dec 18 11:50:54 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by BILLBKLYN on Mon Dec 18 11:42:33 2017.

You drank the kool aid.

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(1481944)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by R2ChinaTown on Mon Dec 18 11:57:41 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Fred G on Mon Dec 18 11:50:54 2017.

On the contrary, Fred, what specifically, during the preceding 8 years, would lead you to the conclusion that anything related to today's economy was the result of the obama policies? If the economy tanked in the last 11 months would that have been obamas fault as well?

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(1481945)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by mtk52983 on Mon Dec 18 12:05:42 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by R2ChinaTown on Mon Dec 18 11:57:41 2017.

Considering none of Trump's policies have passed then the answer should be yes (although Bingbong would blame it on Trump not "compromising" with Democrats to pass policies)

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(1481946)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Fred G on Mon Dec 18 12:16:11 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by R2ChinaTown on Mon Dec 18 11:57:41 2017.

Irrelevant. Obama handed off a good economy to Trump, who hasn't screwed it up. Trump hasn't done anything to push the economy upward.

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(1481948)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by AlM on Mon Dec 18 12:24:19 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by mtk52983 on Mon Dec 18 11:44:22 2017.

Or maybe just the Democrats. :)

The tax bill seems to have unanimous Republican support, and its huge impact on the deficit won't particularly be good for the economy.

OK, I'll give Deep State Republicans credit for economically blocking disastrous tariff bills.

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(1481954)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by R2ChinaTown on Mon Dec 18 14:00:06 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Fred G on Mon Dec 18 12:16:11 2017.

LOL. Good answer

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(1481955)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by R2ChinaTown on Mon Dec 18 14:00:48 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by mtk52983 on Mon Dec 18 12:05:42 2017.

Bingbong is mentally ill

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(1481958)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Olog-hai on Mon Dec 18 14:07:34 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Fred G on Mon Dec 18 12:16:11 2017.

Obama handed off a good economy to Trump

LOL! Average growth for last year was 1.6 percent.

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(1481959)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Dave on Mon Dec 18 14:09:57 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Fred G on Mon Dec 18 12:16:11 2017.

Trump's presidency has ended D.C.’s war against business. About 16 Obama-era regulations have been suspended for every new regulation imposed. Coal is making a comeback. And the rising stock market has boosted consumer sentiment, leading to an uptick in holiday spending.

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(1481961)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by ClearAspect on Mon Dec 18 14:12:17 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Dave on Mon Dec 18 14:09:57 2017.

Lol coal is?

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(1481962)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by ClearAspect on Mon Dec 18 14:13:37 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Dave on Mon Dec 18 14:09:57 2017.

16 obama era regulations... cite that

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(1481963)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by AlM on Mon Dec 18 14:15:54 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Dave on Mon Dec 18 14:09:57 2017.

Coal is making a comeback

Yep, there are hundreds of new jobs. Maybe even 1,000.

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(1481964)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Dave on Mon Dec 18 14:23:44 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by AlM on Mon Dec 18 14:15:54 2017.

Coal production is up more than 12% this year. As a result, jobs have been added in trucking, steel, and manufacturing.

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(1481968)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by https://salaamallah.com/ on Mon Dec 18 14:44:58 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by BILLBKLYN on Mon Dec 18 11:42:33 2017.

ZZZZZZZZZZZZZZZZZZZZZ

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(1481969)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by AlM on Mon Dec 18 15:04:23 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Dave on Mon Dec 18 14:23:44 2017.

???

The increased production is being exported.

OK, I agree a few trucking jobs and also a few rail jobs (though mostly it's better profits for the rail lines since they're much less labor-intensive than trucks).

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(1481970)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Fred G on Mon Dec 18 15:13:27 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Dave on Mon Dec 18 14:09:57 2017.

Those regulations haven't been off the books long enough to make a major difference, coal is still held down by natural gas and the stock market was rising prior to Trump's presidency.

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(1481971)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Fred G on Mon Dec 18 15:19:30 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Olog-hai on Mon Dec 18 14:07:34 2017.



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(1481972)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by ftgreeneg on Mon Dec 18 15:23:48 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by Fred G on Mon Dec 18 15:19:30 2017.

No Fred no Obama's done NOTHING! LOL. (Besides drag the US economy out of the toilet bowl that is no biggie...)

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(1481973)

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Re: New York Fed puts fourth-quarter economic growth at 3.98 percent

Posted by Fred G on Mon Dec 18 15:31:09 2017, in response to Re: New York Fed puts fourth-quarter economic growth at 3.98 percent, posted by ftgreeneg on Mon Dec 18 15:23:48 2017.

That graph shows that GDP should follow the trend and be higher than last years. Trump's effect on it is less dramatic than his supporters claim.

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