GDP released at 8:30

[transporter]

The first reading on Q3 GDP is at 8:30 this morning. If you don't have access to any of the major financial media outlets here is the website: https://www.bea.gov/data/gdp/gross-domestic-product#gdp

Comrade GURPS will take 2-3 days to post some BS spin from dailywire or zerohedge because the Q2 sugar high peak is already waning (as I've been telling you for months now). Housing has slowed, tariffs, a strong dollar and slowing global growth are hurting our exports, US demand has ramped up imports, the regional federal reserve banks are reporting slowing manufacturing.

Expectations are in the mid 3% range. Here is the GDP now from the Atlanta fed reserve bank:https://www.frbatlanta.org/cqer/research/gdpnow.aspx

 

[GURPS]

Comrade GURPS will take 2-3 days to post some BS spin from dailywire or zerohedge

What Are YOUR Qualifications :shrug: how many buildings have YOUR Name on them, what Economic Papers have YOU Published


US economy grows at fastest pace since 2014 in Q2

The US economy grew at its fastest pace in almost four years in the second quarter, as consumers shrugged off trade war uncertainties and opened their wallets.

Gross domestic product rose at an annual rate of 4.2 per cent in the three months to June 30, the third and final reading from the commerce department showed on Thursday.

The figure was in line with Wall Street expectations and marked the fastest growth rate recorded since the third quarter of 2014, when the US economy expanded at an annual rate of 4.9 per cent. It also marked an acceleration from the first quarter of 2018 when the US economy grew at an annual rate of 2.2 per cent.

The second-quarter performance came thanks to surges in consumption and business investment. Consumer spending rose by 3.8 per cent during the quarter, bouncing back from the 0.5 per cent rise recorded during the first quarter.

because the Q2 sugar high peak is already waning

Oh so there was a BUMP

(as I've been telling you for months now).

ah yes, derision is in the Air ....

PAUL KRAKE or Pan Kwan Yuk is that you talking about economic sugar highs


Good news: The economy is hot. Better news: It has staying power.

The second quarter rebound followed a disappointing 0.5-percent gain in the first quarter, a performance that was dinted by difficult winter weather. An easy conclusion for casual observers to draw would be that the pop in the spring reflects a “sugar high” from tax cuts that will quickly dissipate. However, the notion of a Q2 sugar high is not fully consistent with the data.

More importantly, benchmark revisions to the history of the GDP data show that household income was far stronger than previously thought. The Bureau of Economic Analysis incorporated new data sources, mainly tax return data from the IRS, that led them to make massive upward adjustments to personal income over the past several years.



Economic Sugar High how cute ... sounds like the bump Car Dealers got from Cash For Clunkers

 

[BOP]

I'm always wrong.

At least you're consistent. Consistently WRONG.