HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » GDP - Get ready for some ...

Thu Jul 26, 2018, 07:39 PM

GDP - Get ready for some more bull!

MarketWatch by Mark Decambre

Stock-market investors canít remember the last time a GDP report held such import

Consensus estimates from economists polled by MarketWatch indicate a rate of expansion of about 4.2%. Although the Federal Reserveís GDPNow tracker was indicating a Q2 read of 3.8%, as of Thursday.

Fox Business reports that a strong number may be used as an excuse for the Trump administration to take a victory lap, claiming that late-2017 corporate tax cuts and a number of other stimulative measures enacted over the past several months are bearing fruit.


Others note that at least some of the growth can be attributed to a rush to get ahead of the Trump administrationís tariff threats, which have had an outsize impact on the soybean market, as David Rosenberg points out:

AND a little perspective (note results of last Republican administration):

So - brace yourself for the bullshit!

0 replies, 558 views

Reply to this thread

Back to top Alert abuse

Reply to this thread