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10-27-2017, 05:36 PM
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#16
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,862
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X
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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10-28-2017, 12:37 PM
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#17
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by FantasticDan
Yes Ralph, we know..
Obama #s = Crap
Trump #s = Rock Solid
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Confirmation bias. The sources are the same. Overall the economy is in slow growth mode.
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12-17-2017, 10:48 PM
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#18
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,862
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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02-01-2018, 01:55 PM
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#19
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,862
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So we got a 2.6
I am optimistic that we see in excess of 4% before the end of 2018
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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02-01-2018, 04:24 PM
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#20
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,140
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Quote:
Originally Posted by JustRalph
So we got a 2.6
I am optimistic that we see in excess of 4% before the end of 2018
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Which was 1.4 lower than predicted in that Brietbart article. And that 2.6 was exceeded 14 times during the Obama administration.
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"When you come at the King, You'd best not miss." Omar Little
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02-03-2018, 09:07 PM
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#21
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Registered User
Join Date: Sep 2007
Posts: 4,149
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02-03-2018, 09:31 PM
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#22
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Registered User
Join Date: May 2011
Posts: 22,698
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Quote:
Originally Posted by mostpost
Which was 1.4 lower than predicted in that Brietbart article. And that 2.6 was exceeded 14 times during the Obama administration.
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The breitbart article was citing information released from the Federal Reserve Bank of New York’s Nowcast.
Last edited by davew; 02-03-2018 at 09:32 PM.
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03-23-2018, 09:27 PM
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#23
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Veteran
Join Date: Mar 2009
Posts: 9,893
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We stopped tracking? Atlanta Fed puts 1Q18 real GDP at 1.8% now.
https://www.frbatlanta.org/cqer/research/gdpnow.aspx
In any case, GDP is a highly volatile, often-revised economic series. Therefore, I wouldn't place too much emphasis on the numbers in the short to intermediate term. But then again, I'm not trying to make a political point. The economy is better now than when Obama exited office, and it also certainly improved during Obama's two terms.
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03-23-2018, 11:34 PM
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#24
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,813
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You guys are relentless. We get it. Trump sucks. The country is going to shit.
MoveOn.org
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03-24-2018, 12:50 PM
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#25
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by PaceAdvantage
You guys are relentless. We get it. Trump sucks. The country is going to shit.
MoveOn.org
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Interesting reaction to "the economy is better now* than when Obama exited office." By interesting, I mean bizarre. Perhaps you were reacting to a prior post from last month. It must have been that, because I know you'd never react to the poster and not the post.
GDP growth is a function of productivity/population growth. I don't see any evidence of a pick up in population growth. One could argue the tax cuts will spur capital investment and drive productivity growth higher. That may happen, but it's unknowable at this point. I suspect there's too much leverage in the economy for sustained growth beyond the 2% to 3% level. I said that under Obama, and I'll say it under Trump.
*see weekly first-time unemployment claims
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03-24-2018, 04:32 PM
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#26
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,862
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I had not seen the adjustment
I still think we are in great shape for the future.
Down here in Texas, everything is boom8ng.
I’m having trouble getting staff, as usual.....the labor market is getting tight
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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03-24-2018, 04:42 PM
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#27
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by JustRalph
I had not seen the adjustment
I still think we are in great shape for the future.
Down here in Texas, everything is boom8ng.
I’m having trouble getting staff, as usual.....the labor market is getting tight
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The good news for you is that more people are moving to Texas. The bad news is that they are coming from California.
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A man's got to know his limitations. -- Dirty Harry
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03-24-2018, 06:14 PM
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#28
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,862
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Quote:
Originally Posted by Clocker
The good news for you is that more people are moving to Texas. The bad news is that they are coming from California.
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They are wearing it on their sleeves too. Bumper stickers etc.
I figure it will take em 20 years to ruin the state. If I’m still around (doubt it) I will be too old to care
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
Last edited by JustRalph; 03-24-2018 at 06:15 PM.
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03-25-2018, 11:02 AM
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#29
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,664
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Quote:
Originally Posted by Saratoga_Mike
Interesting reaction to "the economy is better now* than when Obama exited office." By interesting, I mean bizarre. Perhaps you were reacting to a prior post from last month. It must have been that, because I know you'd never react to the poster and not the post.
GDP growth is a function of productivity/population growth. I don't see any evidence of a pick up in population growth. One could argue the tax cuts will spur capital investment and drive productivity growth higher. That may happen, but it's unknowable at this point. I suspect there's too much leverage in the economy for sustained growth beyond the 2% to 3% level. I said that under Obama, and I'll say it under Trump.
*see weekly first-time unemployment claims
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+1
Plus, now we have the headwind of it being late cycle and interest rates being raised by the Fed. That is going to start impacting home sales and/or home building if it isn't already. It's also part of the reason stocks are weakening.
I said it before the election and I'll say it again.
The probability of a recession and bear market under the watch of whoever won the election was very high and that person would take the blame for the excesses that were built under Obama.
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"Unlearning is the highest form of learning"
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03-27-2018, 09:53 AM
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#30
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self medicated
Join Date: Mar 2012
Location: toga
Posts: 3,101
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Quote:
Originally Posted by PaceAdvantage
You guys are relentless. We get it. Trump sucks. The country is going to shit.
MoveOn.org
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That's the thing......neither side gets "it". MoveOn.org would just piss the money away on something else.
While Trump threatens "trade war" with China......he cuts taxes.....who gives a crap about the GDP, its going to bump with the tax cut and the economic gains in recent years. Meanwhile, into more debt we go. Its hilarious, people argue over people that just go spending when the result is going to be the same, no matter what they spend on. They spend, spend, spend. It always looks great short term.
We are set to borrow another 300 billion, the most in one chunk since the melt down. Whose gonna buy most of that debt???????!!!!........China, yeah Trump you are really getting them!
Keep arguing about who can "piss" the furthest boys! Thanks for the "tax cut"! LOL
Last edited by burnsy; 03-27-2018 at 09:55 AM.
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