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Offline mystery-ak

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The US economy grew at a 3.5% pace in the third quarter, faster than expected
« on: October 26, 2018, 01:29:47 pm »
The US economy grew at a 3.5% pace in the third quarter, faster than expected

    Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate.
    The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.
    Consumer spending, which accounts for more than two thirds of U.S. economic activity, grew by 4 percent in the third quarter, the strongest since the fourth quarter of 2014.

Fred Imbert   | @foimbert
Published 55 Mins Ago Updated 24 Mins Ago

more
https://www.cnbc.com/2018/10/26/first-read-on-us-q3-2018-gross-domestic-product.html
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Offline SirLinksALot

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #1 on: October 26, 2018, 01:33:42 pm »
If we keep this pace ( assuming the 4th quarter does not turn South ),  We are on track to make at least 3% Annual GDP growth, something that the Obama Administration told us is not possible.
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Offline Suppressed

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #2 on: October 26, 2018, 01:57:51 pm »
We're gonna have to, to keep up with all the extra debt payments!
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Offline SirLinksALot

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #3 on: October 26, 2018, 07:00:04 pm »
Quote from: Suppressed on October 26, 2018, 01:57:51 pm
We're gonna have to, to keep up with all the extra debt payments!

The government problem is NOT revenues. Revenues have gone UP since the tax reform plan was passed.

The problem --- SPENDING WENT UP EVEN FASTER !!!

At this rate, no matter how much money Uncle Sam takes in in taxes, there will ALWAYS be deficits as far as the eye can see..... and we thought that voting for Republicans will solve this problem...
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Offline DCPatriot

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #4 on: October 26, 2018, 07:04:40 pm »
Quote from: SirLinksALot on October 26, 2018, 07:00:04 pm
The government problem is NOT revenues. Revenues have gone UP since the tax reform plan was passed.

The problem --- SPENDING WENT UP EVEN FASTER !!!

At this rate, no matter how much money Uncle Sam takes in in taxes, there will ALWAYS be deficits as far as the eye can see..... and we thought that voting for Republicans will solve this problem...

You have to give a reason for some people to 'Vote Republican'.   Sometimes you have to spend $$$ on future earnings.

The US is currently restocking the pond...Baby Boomers and and Generation Xers went for the two income families and careers...babies be damned.
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Offline SirLinksALot

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #5 on: October 26, 2018, 07:28:17 pm »
Here's a comparison to Obama's Administration:

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Offline SirLinksALot

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #6 on: October 26, 2018, 07:29:22 pm »
Consumer spending had its best quarter in almost four years, with PCE growth at 4%, up from last quarter’s 3.8%. If consumer confidence remains high, business confidence is out of this world, with a 12% leap in private domestic investment. The biggest growth category was intellectual property, but there was a little bit of inventory expansion the numbers too, as final sales to domestic purchasers lagged slightly at 3.1%.

On the negative side, the trade balance looks seriously off in Q3. Last quarter, exports grew at a rapid 9.3% pace while imports tailed off at -0.6%. This time, imports grew at a 9.1% rate while exports dropped more dramatically to -3.5%. Business investment seems to have saved the quarter, but that may not last long unless those trade numbers get back into better balance.

For now, though, the economy keeps demonstrating sustained growth and strength, exhibiting more dynamism than Donald Trump’s critics argued was possible.
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Offline SirLinksALot

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #7 on: October 26, 2018, 07:30:22 pm »
As for inflation. Here's what CNBC Observes:

https://www.cnbc.com/2018/10/26/first-read-on-us-q3-2018-gross-domestic-product.html

Quote
The U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, according to data released by the Commerce Department on Friday.

Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate.

The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.
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Offline IsailedawayfromFR

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Re: The US economy grew at a 3.5% pace in the third quarter, faster than expected
« Reply #8 on: October 27, 2018, 02:47:56 pm »
Quote from: Suppressed on October 26, 2018, 01:57:51 pm
We're gonna have to, to keep up with all the extra debt payments!
Are you equating increased GDP with spending?

How are these related?
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