Posts: 10618
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 28, 2017 09:47 AM            

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MAGAnomics – Third Quarter GDP Growth of 3% Exceeds “Economist Expectations”…
October 27, 2017
sundance

MAGAnomics is a generally common sense approach toward achieving dynamic growth in the U.S. economy. Left-leaning economic experts (most of them) are gnashing their teeth as the America-First MAGAnomic principles are paying YUGE initial dividends............
http://theconservativetreehouse.com/2017/10/27/maganomics-third-quarter-gdp-growth-of-3-exceeds-economist-expectations/

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Posts: 87255
From: From a galaxy, far, far away...
Registered: Apr 2009

posted October 29, 2017 05:17 PM            

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For the second time in a row!

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Posts: 5251
From: shamballa
Registered: Aug 2013

posted October 29, 2017 11:50 PM            

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Nope. Last quarter was 2.6% and a projection of 3% annualized. Obsma had 8 quarters as good or better. To compare a quarter to a year is disingenuous (being kind)
http://fortune.com/2017/08/30/donald-trump-springfield-mo-3-gdp/

Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.

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Posts: 10618
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 30, 2017 12:07 AM            

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" Last quarter (GDP) was 2.6%"

More news from the Cracker Jacks News Network!

Final reading on Q2 GDP up 3.1%, vs 3% rise expected
•U.S. economic output grew 3.1 percent in the second quarter.

Gross domestic product increased at a 3.1 percent annual rate in the April-June period, the Commerce Department said in its third estimate on Thursday. The upward revision from the 3.0 percent rate of growth reported last month reflected a slightly faster pace of inventory investment.[/b]
http://www.cnbc.com/2017/09/28/final-reading-on-q2-2017-gross-domestic-product.html

U.S. Economy Grew 3% in 2nd Quarter, Fastest Pace in 2 Years
http://www.nytimes.com/2017/08/30/business/economy/gdp.html

GDP growth raised to 3.1% in second quarter
http://www.marketwatch.com/story/economys-2nd-quarter-growth-raised-to-31-2017-09-28

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Posts: 87255
From: From a galaxy, far, far away...
Registered: Apr 2009

posted October 30, 2017 10:23 AM            

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Obama never reached a year at 3%. He was the only president not to.

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Posts: 5251
From: shamballa
Registered: Aug 2013

posted October 30, 2017 12:06 PM            

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N9oone said he did. Nor has Tromp yet. But there were stronger quarters in Obamas term nonetheless and quarters are not years

From your market watch link
The U.S. is on track to expand slightly faster than 2% in 2017, keeping in line with growth trends since the end of the Great Recession. Yet the recovery is also the weakest by historical standards: The U.S. has historically grown more than 3% a year.

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Posts: 10618
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 30, 2017 01:55 PM            

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"Last quarter (GDP) was 2.6%"

Wrong, wrong, wrong.

Last quarter..(2nd Quarter), finalized at 3 %+ GDP.

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Posts: 5251
From: shamballa
Registered: Aug 2013

posted October 30, 2017 02:43 PM            

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K Shylock😁the figures have been revised!

It is the best quarter in 2 years. A quarter is still not a year nor the best quarter in a decade but gwan.. celebrate! Just dont pretend its unprecedented or proof of "MAGAnomics" brilliance. Way too early to know that.

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Posts: 10618
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 30, 2017 04:59 PM            

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quote:

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Originally posted by Catalina:
K Shylock😁the figures have been revised!

It is the best quarter in 2 years. A quarter is still not a year nor the best quarter in a decade but gwan.. celebrate! Just dont pretend its unprecedented or proof of "MAGAnomics" brilliance. Way too early to know that.

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Yes, revised UP to 3.1% GDP growth.

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Posts: 5251
From: shamballa
Registered: Aug 2013

posted October 30, 2017 09:49 PM            

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As I said. Relish your figures to kingdom come if you like.

Still needs spin to make it a big deal. And spin is what the big DJ Tee knows best.

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Posts: 10618
From: Madeira Beach, FL USA
Registered: Apr 2009

posted October 30, 2017 11:44 PM            

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We wouldn't keep talking about this...if you hadn't said THIS:

"Last quarter (GDP) was 2.6%"

So, once again, the 2nd Quarter GDP Growth number was 3.1%, not 2.6%.

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Posts: 5251
From: shamballa
Registered: Aug 2013

posted October 31, 2017 12:17 PM            

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I left that woman on the river bank jwhop when i agreed with you the first time. Its irrelevant really until we have a 3÷% YEAR

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Posts: 87255
From: From a galaxy, far, far away...
Registered: Apr 2009

posted October 31, 2017 02:05 PM            

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We'll have a 3% year--just like every other president has had (except Obama). We will have a 5% year before long!

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Posts: 5251
From: shamballa
Registered: Aug 2013

posted October 31, 2017 03:11 PM            

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We'll see... in the meantime we have three quarters whose gdp growth AVERAGES 2.43%. And if last quarter was 3.1 and this one 3.... its anyone's guess if its going to hit 3%. in order to do so next quarter has to be 4.7 or more 😎

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Posts: 5251
From: shamballa
Registered: Aug 2013

posted October 31, 2017 05:05 PM            

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The gross domestic product grew at an annual rate of just 1.9 percent in the October-December period, a slowdown from 3.5 percent growth in the third quarter, the Commerce Department reported Friday. GDP, the broadest measure of economic health, was held back by a jump in the trade deficit.
http://www.inc.com/associated-press/us-gdp-growth-slowed-in-the-last-quarter-of-2016. html

The above is about 2016 and shows a couple of things:

How two healthy quarters do not a year make;
How the third quarter last year was higher than what you and Tromp are crowing about;

So.. we'll see

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