Bye Bye Obamaconomy, Hello Trumpconomy!

Jul 2013
56,198
61,225
Nashville, TN
My calculations show that 4th Quarter GDP would have to come in at 2.4% or better to make 2018 come in at better than 3.0%.

2018 3rd Quarter GDP Growth was 3.4%
2018 2nd Quarter GDP Growth was 4.2%
2018 1st Quarter GDP Growth was 2.0%

Those sum up to 9.6. Call the currently unknown 4th Quarter GDP Growth rate x, and you have [9.6 + x]/4 = 3.0, or 9.6 + x = 12.0, so if x = 2.4, we would get a 2018 growth rate of exactly 3.0%.
Don't fuck them up with math, math is hard, 'feelings" is easy.
 
May 2013
18,203
17,567
Boise, ID
Last edited:
Jan 2016
55,946
52,496
Colorado
Fed Chairman Jerome Powell also testified this morning that the U.S. Government is on a "fiscally unsustainable path" and that the national debt is growing at a rate substantially faster than GDP. [Which kind of says the same thing-----nations simply CANNOT do that for long.]
 
May 2013
18,203
17,567
Boise, ID
Likes: OldGaffer
Apr 2015
14,842
2,739
Katmandu
My calculations show that 4th Quarter GDP would have to come in at 2.4% or better to make 2018 come in at better than 3.0%.

2018 3rd Quarter GDP Growth was 3.4%
2018 2nd Quarter GDP Growth was 4.2%
2018 1st Quarter GDP Growth was 2.0%

Those sum up to 9.6. Call the currently unknown 4th Quarter GDP Growth rate x, and you have [9.6 + x]/4 = 3.0, or 9.6 + x = 12.0, so if x = 2.4, we would get a 2018 growth rate of exactly 3.0%.
Q1 was 2.2%
 
Apr 2015
14,842
2,739
Katmandu
Fed Chairman Jerome Powell also testified this morning that the U.S. Government is on a "fiscally unsustainable path" and that the national debt is growing at a rate substantially faster than GDP. [Which kind of says the same thing-----nations simply CANNOT do that for long.]
We've been on that track, Obama added over $9 trillion to the debt, but real GDP only increased by $2.7 trillion during his tenure.
 
Jan 2016
55,946
52,496
Colorado
We've been on that track, Obama added over $9 trillion to the debt, but real GDP only increased by $2.7 trillion during his tenure.
Yes, but as we ALWAYS have to remind you, Obama had the very reasonable excuse that we were trying to recover from the Great Recession, the WORST economic downturn, by FAR, since the Great Depression of the 1930's. Trump has NO such excuse. He CHOSE to 'stimulate' the economy with a large tax cut at a time when it manifestly did not need such a stimulus, against the strong advice of outgoing Fed Chairwoman Janet Yellen.
 
Likes: BoiseBo

Similar Discussions