- 28 Aug 2018 18:44
#14942940
Consumer confidence hasn't been this high since the top of the dot com boom. (Maybe a similar bust is right around the corner for you Trump haters.)
US consumer confidence rises to 18-year high
The Trump administration has also come to terms on a trade deal with Mexico. The stock market loves it. The establishment media doesn't. While USA Today covered the stock market rally on the news, Trump trade war: Could U.S.-Mexico deal signal more stock gains?, the New York Times decided to bash Trump's rhetorical flourishes, Trump Falsely Calls Preliminary Pact Between U.S. and Mexico ‘Maybe the Largest Trade Deal Ever’
GDP growth is somewhere between 3.9% and 4.1%. We'll get the final numbers for last quarters soon. The Fed is forecasting 4%+ growth
Fed's Mester raises GDP outlook, still thinks gradual rate increase path is appropriate
Note that the Cleaveland Fed president attributes the change in GDP to Trump's fiscal policy.
Atlanta Fed predicts 5% jump in economic growth for third quarter
The next sentence talks about skeptics, of which I am one. That is, I think 5%+ GDP growth may be too high.
Trump Approval Steady Despite Barrage of Fake News Attacks
It also shows that while Trump haters like watching Fake News, Trump supporters do not.
US consumer confidence rises to 18-year high
The Trump administration has also come to terms on a trade deal with Mexico. The stock market loves it. The establishment media doesn't. While USA Today covered the stock market rally on the news, Trump trade war: Could U.S.-Mexico deal signal more stock gains?, the New York Times decided to bash Trump's rhetorical flourishes, Trump Falsely Calls Preliminary Pact Between U.S. and Mexico ‘Maybe the Largest Trade Deal Ever’
GDP growth is somewhere between 3.9% and 4.1%. We'll get the final numbers for last quarters soon. The Fed is forecasting 4%+ growth
Fed's Mester raises GDP outlook, still thinks gradual rate increase path is appropriate
Cleaveland Federal Reserve President wrote:"I've been upping my forecast. I'm now at 2.75 percent to 3 percent for the year, probably closer to 3 percent," Mester told CNBC on Friday at the Fed's annual summit in Jackson Hole, Wyoming. "I think that the fiscal policy — the stimulus and the tax cuts — has been a positive for the economy in terms of demand growth, and so that's one of the factors."
Note that the Cleaveland Fed president attributes the change in GDP to Trump's fiscal policy.
Atlanta Fed predicts 5% jump in economic growth for third quarter
If the forecast is accurate, it will come on top of a strong 4.1 percent second quarter that was buoyed by a jump in consumer and business spending. President Donald Trump boasted Friday that growth would go "a lot higher" even though many economists, including at the Fed, expect the economy to moderate in 2019 and beyond.
The next sentence talks about skeptics, of which I am one. That is, I think 5%+ GDP growth may be too high.
The Atlanta Fed's GDP Now forecast, however, has its skeptics. The tracker often starts off optimistic early in the quarter then cools as more data flow in. In the first quarter, the indicator at one point showed 5.4 percent growth in a quarter where GDP rose just 2.2 percent.
Trump Approval Steady Despite Barrage of Fake News Attacks
It also shows that while Trump haters like watching Fake News, Trump supporters do not.
"We have put together the most extensive and inclusive voter fraud organization in the history of American politics."
-- Joe Biden
-- Joe Biden