Strong Consumer Spending Supports Steady Growth in the Second Quarter of 2019

[LV426]

More wailing and gnashing of teeth for the increasingly unhinged leftists, as the predicted/hope for-for-the-last-three-years recession FAILS TO MATERIALIZE....despite the WORLD ECONOMIC SLOWDOWN, the US REMAINS STRONG.....staying in that IDEAL 2-3% annual economic growth range in the 2nd quarter of 2019, as consumer spending grew at its fastest pace in more than FIVE YEARS :

Look at this loser try to sharpie his economic news.

The fact is that we weren't promised growth between 2-3%...we were promised growth of at least 3%.

[LV426]

2-3% ANNUAL GROWTH IS IDEAL

It's not what you promised.

And you have yet to top Obama's best quarterly GDP growth and Obama's best annual GDP growth.

[LV426]

The fastest growth in consumer spending in FIVE YEARS+ SURE DOES....

Which is fueled not by tax cuts, but rather by debt, credit, and loans.

Consumer spending may be up, but consumer debt is at a record high.

So just like what happened during Bush the Dumber, Conservatives are boosting an economy with nothing but debt.

[LV426]

DOW approaching 27,000...AGAIN...

That's like, what, the fifth time?

It stops being impressive when you keep falling back and having to make up the ground you lost.

BTW - the market has grown by less than 2,000 points in 20 months.

That's the worst market growth since the Great Conservative Bush Recession in 2008.

[Phantasmal]

Which is fueled not by tax cuts, but rather by debt, credit, and loans.

Consumer spending may be up, but consumer debt is at a record high.

So just like what happened during Bush the Dumber, Conservatives are boosting an economy with nothing but debt.

I know several people who are buying now because they know prices are due to increase. My friends are building a house and took advantage of Labor Day sales even though they just broke ground, because they know prices are due to increase. The stores are willing to hold their purchases till they need them.

[Phantasmal]

Which is fueled not by tax cuts, but rather by debt, credit, and loans.

Consumer spending may be up, but consumer debt is at a record high.

So just like what happened during Bush the Dumber, Conservatives are boosting an economy with nothing but debt.

Amazon Prime Day had a huge effect on July’s numbers from what I read.

[dukkha]

Forecasting firm Macroeconomic Advisers on Thursday projected GDP would rise at a 2.2% pace in the third quarter, now in its ninth week. The Federal Reserve Bank of Atlanta’s GDPNow model most recently predicted a 2.3% growth rate.

[dukkha]

Good jobs /good wage growth for lower earners, and the Dems are STILL talking (down the economy) 'recession!

[Phantasmal]

Forecasting firm Macroeconomic Advisers on Thursday projected GDP would rise at a 2.2% pace in the third quarter, now in its ninth week. The Federal Reserve Bank of Atlanta’s GDPNow model most recently predicted a 2.3% growth rate.

Some sources disagree

https://www.reuters.com/article/us-u...-idUSKCN1VO286

The U.S. economy is likely growing at a 1.7% annualized rate in the third quarter, based on weaker-than-forecast data on domestic manufacturing activity and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.
This was slower than the 2.0% pace estimated by the Atlanta Fed’s GDP program on Aug. 30.

[dukkha]

Some sources disagree

https://www.reuters.com/article/us-u...-idUSKCN1VO286

The U.S. economy is likely growing at a 1.7% annualized rate in the third quarter, based on weaker-than-forecast data on domestic manufacturing activity and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday.
This was slower than the 2.0% pace estimated by the Atlanta Fed’s GDP program on Aug. 30.

it's a prediction. who knows?
Much of the world is flat or contracting.. USA! USA! Trump! Trump!

[Althea]

GDP for Q2 2019 was revised down from 2.1% to 2.0%.

You all promised at least 3% growth.

Idiot is citing outdated numbers several months late?

[Althea]

Look at this loser try to sharpie his economic news.

The fact is that we weren't promised growth between 2-3%...we were promised growth of at least 3%.

Love his source...whitehouse.gov. LMAO

[John Barron]

Forecasting firm Macroeconomic Advisers on Thursday projected GDP would rise at a 2.2% pace in the third quarter, now in its ninth week. The Federal Reserve Bank of Atlanta’s GDPNow model most recently predicted a 2.3% growth rate.

So you're admitting Trumps 3%+ is a failure. Now 2%+ is okay. Goalpost moved for Trump by the Trumpsters.

[moon]

Strong Consumer Spending Supports Steady Growth in the Second Quarter of 2019

I'll go tell that to the bums living in the abandoned stores.

[LV426]

Forecasting firm Macroeconomic Advisers on Thursday projected GDP would rise at a 2.2% pace in the third quarter, now in its ninth week. The Federal Reserve Bank of Atlanta’s GDPNow model most recently predicted a 2.3% growth rate.

SO WHERE'S THAT 3% GROWTH YOU ALL PROMISED??????