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nytigerfan

nytigerfan

Heisman
Dec 9, 2004
10,281
13,192
102
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
 
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MBRO

MBRO

Heisman
Dec 7, 2003
9,437
25,331
113
Tale of two sectors.

Personal consumption expenditures rose 4.3% in the second quarter, the best performance in six quarters.

Gross private domestic investment tumbled 5.5%, the worst since the fourth quarter in 2015.

Consumers are driving economic growth moreso than businesses.
 
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Tigerfaith

Tigerfaith

Heisman
Dec 8, 2001
12,095
19,728
112
nytigerfan said:
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Click to expand...
Go ask the Squad
 
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D

Doppler Effect

All-American
Dec 11, 2007
1,857
5,249
113
MBRO said:
Tale of two sectors.

Personal consumption expenditures rose 4.3% in the second quarter, the best performance in six quarters.

Gross private domestic investment tumbled 5.5%, the worst since the fourth quarter in 2015.

Consumers are driving economic growth moreso than businesses.
Click to expand...
But personal consumption is rising because businesses are expanding and hiring more people. Same reason tax revenues are going up despite the tax cuts.
 
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Trading Tiger

Trading Tiger

Heisman
Jan 11, 2006
33,324
37,505
113
nytigerfan said:
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Click to expand...
You think tax cuts are the only thing that affects the economy?

If the Fed hadn't jumped the gun on raising interest rates, the DOW would be around 30k right now and GDP growth would have been >3%.
 
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W

wmnesbitt

Heisman
Jun 30, 2014
18,888
32,509
0
nytigerfan said:
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Click to expand...
Are you really disappointed in 2.5% growth? Or do you actually hope that the economy tanks so you can say told you so?
 
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I

IcelandTiger

Heisman
May 3, 2009
47,349
15,489
0
nytigerfan said:
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Click to expand...


I bet Bernie would’ve had us around 3.5-4%
 
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S

scotchtiger

Heisman
Dec 15, 2005
134,590
22,229
113
nytigerfan said:
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Click to expand...

My accountant just called me back and confirmed that I made more money than ever in 2018, paid a lower effective tax rate than I have in years and noted that my investment accounts have never been larger.

Things are good in the economy my man.
 
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metalman82

metalman82

All-American
May 29, 2001
5,562
9,779
113
Two things should never be discussed in this forum (same rule as a bar), Politics and Religion. Everyone has an opinion. And opinions are like butt holes, everyone has one and everybody's stinks but your own.
 
C

clemben_rivals

All-Conference
May 11, 2012
3,484
4,965
0
gcsoccer16 said:
He is referring to the group that is pushing Trump to another 4 year term.....maybe another 8 years :)
Click to expand...

Ahh...I remember when a president not accepting their term limits was a giant conspiracy theory of the far right about Obama. Now it seems to be what the base wants bc...hypocrites.

All Hail the Bone Spur in Chief!

(I also remember when Republicans claimed (falsely) that tax cuts for the rich would pay for themselves only to have the middle class pay more in taxes. Fun stuff. Winning with the BEST people!)
 
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Tiger1425

Tiger1425

All-American
Jul 25, 2001
7,979
5,579
113
nytigerfan said:
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Click to expand...
Never say anything negative about "He Who Shall Never Have Anything Negative Said About Him." We're talking about a man who could shoot someone dead on the streets of New York and his followers would not change their minds about him.
 
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Spare Jock

Spare Jock

Hall of Famer
Aug 6, 2010
73,110
206,738
113
Tiger1425 said:
Never say anything negative about "He Who Shall Never Have Anything Negative Said About Him." We're talking about a man who could shoot someone dead on the streets of New York and his followers would not change their minds about him.
Click to expand...
to be fair, im starting to think the same could be said of some of the democrats as well
 
I

IcelandTiger

Heisman
May 3, 2009
47,349
15,489
0
clemben said:
Ahh...I remember when a president not accepting their term limits was a giant conspiracy theory of the far right about Obama. Now it seems to be what the base wants bc...hypocrites.

All Hail the Bone Spur in Chief!

(I also remember when Republicans claimed (falsely) that tax cuts for the rich would pay for themselves only to have the middle class pay more in taxes. Fun stuff. Winning with the BEST people!)
Click to expand...

Lol
 
C

Charybdis

All-Conference
Apr 17, 2014
3,325
2,152
0
nytigerfan said:
@scotchtiger

Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.

https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions

President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.

Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Click to expand...


I am pretty liberal, and can't stand Trump, but I will never celebrate the economy slowing down or weakening. No matter your political affiliation, you've got to hope that things continue to do well.
 
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Spare Jock

Spare Jock

Hall of Famer
Aug 6, 2010
73,110
206,738
113
clemben said:
Ahh...I remember when a president not accepting their term limits was a giant conspiracy theory of the far right about Obama. Now it seems to be what the base wants bc...hypocrites.

All Hail the Bone Spur in Chief!

(I also remember when Republicans claimed (falsely) that tax cuts for the rich would pay for themselves only to have the middle class pay more in taxes. Fun stuff. Winning with the BEST people!)
Click to expand...
you cant let em know it hurts so much
 
F

FreeSC

All-Conference
Sep 22, 2003
3,660
4,028
113
Recessions are cyclical.
We will have another recession at some point (hopefully after Trump gets re elected).
One limiting factor in the economy now is that effective unemployment rate is essentially zero. There are more jobs than people to fill them. We are labor limited for probably the first time in my life.

Trump needs to get the Republicans (and a few House Dems) to cut real government spending. Both parties spend money like drunken sailors.
 
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Spare Jock

Spare Jock

Hall of Famer
Aug 6, 2010
73,110
206,738
113
IcelandTiger said:
Starting to think?

Trump could cure cancer and AIDS and theses looney tunes would call him hitler. I didn’t vote for him and it is hilarious
Click to expand...
yeah, should say ive been thinking for the last year and a half that nancy pelosi or AOC or bernie could say the same thing trump said and not lose support
 
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