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| Economy |
| US GDP growth could hit 15 year high and US dollar is surging |
| 2018-06-29 |
| h/t Instapundit The U.S. trade deficit dropped in May which is causing Wall Street firms to increase GDP growth estimates for the second quarter. Macroeconomic Advisers raised its forecast to 5.3%. They have one of the most detailed forecasts. Others are also increasing their estimates to 4.5% to 5%. * Consumer spending is strong with a strong job market and tax cuts. * Business investment has been strong with the tax cuts * the US trade deficit has been smaller than expected. Economists doubt the strong growth can last. Most predict GDP will slow in 2019 and 2020. Yea, yea, but what about all the people who want nice white collar jobs but can't read or write? |
| Posted by:g(r)omgoru |
| #6 An "I remember" game, I love it! I remember when a Burger King Whopper was and cost $.55. |
| Posted by: Skidmark 2018-06-29 23:24 |
| #5 ...I wish McDs was still plain cheap, much less that low. Tonight 2 Quarter Pounders and two medium fries cleared $14... Mike |
| Posted by: Mike Kozlowski 2018-06-29 21:59 |
| #4 Change of optics. I recall when a McD hamburger, small fries and a small drink were 15 cents each. Now its about 3.50 for the lot. People call that 'inflation'. I call it debasing the currency, making the value of the dollar lesser. It's not really politically safe to declare you're making people's money worth less, so they blame 'inflation'. The same with 'trade'. Instead of calculating trade deficits or pluses, how about counting the amount of your citizenry gainfully employed. Not government/administrative fillers, but actual productive jobs. |
| Posted by: Procopius2k 2018-06-29 21:16 |
| #3 You said that yesterday, P2k. Is there a theme there? |
| Posted by: Bobby 2018-06-29 12:40 |
| #2 Let's export unemployment |
| Posted by: Procopius2k 2018-06-29 08:51 |
| #1 The U.S. trade deficit dropped in May which is causing Wall Street firms to increase GDP growth estimates Cause meet effect. |
| Posted by: Chaimble Ebbomonter8653 2018-06-29 05:19 |