transporter
Well-Known Member
https://www.federalreserve.gov/monetarypolicy/fomcminutes20180926.htm
A couple of items worth noting:
In other words, the debt fueled additional growth we are seeing now is expected to be temporary...as it always has been expected to be temporary. Real GDP growth for 2018 is expected to be 3%....for 2019 2.5% and 2% or below beyond that. None of this will come as news except to those folks (like Gilligan and the rest of the ignorati) who simply don't understand how an economy works.
Here we also have more confirmation of what was expected...tariffs are help some businesses but hurt more. This is also beyond the comprehension of folks like Gilligan. Don't take my word for it...this is directly from the Federal Reserve's Open Market Committee. None of the above is new. And these people know a sh!tload more about this topic than anyone on here or any of the propaganda sites you visit 60-70 times a day. Comrade GURPS can post as much bullsh!t as he wants...doesn't change the facts...just like any topic comrade GURPS posts about.
A couple of items worth noting:
Staff Economic Outlook
In the U.S. economic forecast prepared for the September FOMC meeting, real GDP was projected to increase in the second half of this year at a rate that was just a little slower than in the first half of the year. The staff's preliminary assessment was that the effects of Hurricane Florence would lead to a slight reduction in real GDP growth in the third quarter and a small addition to growth in the fourth quarter as economic activity returned to more normal levels and some disrupted activity was made up. Over the 2018-20 period, output was projected to rise at a rate above or at the staff's estimate of potential growth and then slow to a pace below it in 2021.
In other words, the debt fueled additional growth we are seeing now is expected to be temporary...as it always has been expected to be temporary. Real GDP growth for 2018 is expected to be 3%....for 2019 2.5% and 2% or below beyond that. None of this will come as news except to those folks (like Gilligan and the rest of the ignorati) who simply don't understand how an economy works.
In particular, tariffs on aluminum and steel were cited as reducing new investment in the energy sector. Contacts also suggested that firms were attempting to diversify the set of countries with which they trade--both imports and exports--as a result of uncertainty over tariff policy. Contacts in the agricultural industry reported that tariffs imposed by China had resulted in lower crop prices, further depressing incomes in that sector, although a new federal program was expected to offset some income losses.
Here we also have more confirmation of what was expected...tariffs are help some businesses but hurt more. This is also beyond the comprehension of folks like Gilligan. Don't take my word for it...this is directly from the Federal Reserve's Open Market Committee. None of the above is new. And these people know a sh!tload more about this topic than anyone on here or any of the propaganda sites you visit 60-70 times a day. Comrade GURPS can post as much bullsh!t as he wants...doesn't change the facts...just like any topic comrade GURPS posts about.