GDP growth is still expected to be 2.1% for the year.

Fed lowers its inflation expectations for 2019, keeps growth outlook the same
https://www.cnbc.com/2019/06/19/fed...s-for-2019-keeps-growth-outlook-the-same.html

"GDP growth is still expected to be 2.1% for the year, while the unemployment rate is now expected to hold at a 50-year low of 3.6%, against the March forecast of 3.7%. The U.S. economy grew by 3.1% in the first quarter.

The U.S. economy has shown signs of slowing recently with job creation drastically decelerated in May while inflation remains consistently below the Fed’s 2% target."
............................................................................................................................
Wait..........what happened to the 2.9% annual GDP growth rate the massive debt creating tax cut for the wealthy was supposed to bring about? Remember when..........

Trump and GOP promised economic growth much better than Obama’s. That’s not what happened
https://www.cnbc.com/2019/02/28/tru...deliver-promised-3percent-growth-in-2018.html
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Wait........what am I thinking?.......Trumpers don't care if they got duped again. It doesn't matter if Dear Leader promised to fix healthcare, make great trade deals, #DTS, and have Mexico pay for a wall.........cuz..........cuz..........I really can't explain it but they don't.

Incompetence.......no problem. Constant turnover with vacant positions........no problem. Inveterate lying.......no problem. Obstruction of Mueller probe.......no problem. Stonewalling Congress.......no problem. Deference to dictators.........no problem. Weakening alliances......no problem. Broken promises......no problem.

Don has the orange touch and in Trumplandia everything is coming up roses...........just like before.

 

Ironically, it's the posts that leave those who have been duped speechless that speak the loudest.

 

Not sure why anyone is surprised by GDP growth? Since 2008, with low interest rates and quantitative easing and tax cuts, etc., and in parallel no major wars or catastrophic disasters, the US economy should be doing fine. However, we must also give credit to horrific government debt spending, which is now around $1 trillion per year, and which probably creates approximately 10 million US jobs! So, if we truly wished to understand the 'real' economy today, we must back out the $1 trillion in debt spending and see how things might look? I'm all for debt spending when the nation has a major crisis or is undertaking a major project, but when these don't exist debt spending is nothing but politics buying votes...or in this thread politics buying GDP...

 

Actually this post is proof your OP was just trolling.

 

It's June for God Sake!

GDP for the 2nd, 3rd and 4th quarters haven't even been released yet.

Aren't you putting the cart before the horse?

 

Did you read the word EXPECTED??

 

Yes and for the last eight quarters the wizards who do these computations have been wrong on the low side. Only in the science of economics does anyone with a functioning brain still take people engaged in the moral equivalent of reading tea leaves taken seriously.

 

You mean all those financial analysts and hedge fund managers on wall street don't have functioning brains? Boy that explains a lot.

 

Hahaha! Translation: Growth will be great so lefties have to rely on "expectations".

 

Sorry no they aren't engaged in trying to predict the entire economy just a few stocks and bonds, the only people dumb enough to try to predict the entire economy over a nine month period work for the government but interesting deflection.

 

April 2019.....Trump stated “The Fed really slowed down the economy”

However,

5 days ago.....Trump tweeted “The Trump economy is setting records”

Yesterday at his re-election rally....”the economy is soaring to incredible new heights, perhaps the greatest economy we’ve had in the history of our country”

——————-

 

Electoral politics is about salesmanship. Trump is selling dreams the dems are selling nightmares and claiming to be the cure.

 

That picture alone about sums up trump.
He has inherited everything his entire life.
He usually bankrupts so I wonder what’s going to happen when he can’t do that now

 

The economy has been on a 100 month tear. By any measure, that is awesome. Economists have been looking for a correction any time soon. They've been dead wrong so far. The U.S. economy is strong. Will it continue? I know better.

 

Hey, if growth is so great, why didn't the Fed raise interest rates yesterday, and is even talking about two rate cuts later in the year? Inquiring minds want to know.

 

Trump IS a snake oil salesman. You are correct

 

It's starting to feel very much like the housing boom of 2005-2007. Republicans INSISTED that was never going to end. Ya know...because housing prices NEVER go down

 

That's the point I've been making for a while now. Stimulus by way of deficit spending is justified when the economy is floundering. Not with trend GDP of +2ish %, low unemployment, and the market at record highs. Unbelievably, even under those conditions Trump is calling for a rate cut. Why? To delay the inevitable recession until he can get re-elected.
Had Hillary been elected the chances of congressional Repubs voting for the budget busting tax cut would have been ZERO. They gave lip service to fiscal responsibility when Obama was prez but now their hypocrisy has been exposed. To absolutely no consequence among Repub voters who abandoned every principle they claimed to believe in when they joined the cult of the Orange Fraud.

 

But righties don't rely on metrics like consumer confidence because that is all about expectations.

Your translator isn't doing you any favors. And your sense of humor could use some work as well.

 

Are you familiar with "puts and calls"? Do you have any idea how much money is "bet" in futures markets and commodities markets?

Those predictions drive investment strategies all over the world.

Dunning Kruger.

 

Of course and again they usually are based on quite short term predictions made based on computer algorithms and generally concern only a relative handful of stocks bonds or commodities. The window produced is usually not much more than a month or two and they aren't infallible.

 

"Throughout the 2016 campaign and since, the president and his party have vowed to kick-start tepid Obama-era economic growth. Specifically, they insisted tax cuts and deregulation would return growth to its post-World War II average of 3 percent."

Don got his tax cut.........we'll be paying for the hundreds of billions in additional debt and all the other damaging consequences from it for decades..........but Trumpers don't care because of................TDS............Trump Denial Syndrome.

 

Obama got his ObamaCare, tax increases and regulations.........we are paying for the hundreds of billions in additional debt and all the other damaging consequences from it for decades..........but Obamamaniacs don't care because of................ODS............Obama Denial Syndrome.

 

Here is a link that addresses your erroneous deflection to Obama.
https://www.taxpolicycenter.org/briefing-book/what-tax-changes-did-affordable-care-act-make

I'll make this as simple as possible for you. Duplicitous Don sold his tax cut on three false pretenses. 1. The tax cuts were focused on the middle class......false. 2. The tax cuts will result in 10 years of 2.9% GDP growth......false. 3. The tax cuts will pay for themselves and not add to the deficit......false.

Putting aside the temporary boost to GDP from the tax cuts the economy, according to Fed projections, will grow in 2019 at essentially the rate of growth we had for Obama's 8 years.........though that number is skewed because Obama was saddled with the Bush Recession when he took office. This as opposed to the Groper-in-Chief who inherited good economic conditions...........and a cooperative Congress..............after a record number of months of expansion and low unemployment.

Current projections indicate if the tax cuts are made permanent they will add over $2T to the debt over 10 years.

 

That link proves my point. Obama's ObamaCare gave us dozens of new taxes and hundreds of new regulations.