transporter
Well-Known Member
Real GDP increased at 3.5%, roughly in line with expectations. Given softness of most recent data and the impending release of Sept trade data, a slight down tick on the 1st revision at the end of Nov should not be a surprise.
As expected, and as detailed in my earlier post, this is what the BEA said:
The surprising part was the level of non-residential (i.e. business) fixed investment. It tanked in Q3 and is the worst reading since Q4 2016. As usual, Gilligan was wrong. This time it was his view of what businesses would do with their tax windfall. While the rest of the world of actual economists and business analysts pointed out that very large publicly owned corps would put the large bulk of their windfall into share buybacks and dividend increases...and despite ALL the data that backed up those positions...poor Gilligan and his Ivy League Lite education continued to bleat out the Red State and Townhall "businesses will build! build! build!" mantra.
The private savings level was good...the inflation indicator was low (this is good). Federal govt spending provided a boost and is significantly higher than it was Q3 2017.
So the headline number was good...the internals...well they pretty much detail why our inept, incompetent and unfit President is out on the campaign trial instilling fear of brown people into his base instead of talking about the "booming" economy. The avg Joe and Jane aren't feeling a booming economy. They may have a job, but their wages aren't growing. The stock market has done well, but 50% of US households don't own stocks in any fashion. Tariffs are hurting more than they are helping (because tariffs never are a net positive)
As expected, and as detailed in my earlier post, this is what the BEA said:
The surprising part was the level of non-residential (i.e. business) fixed investment. It tanked in Q3 and is the worst reading since Q4 2016. As usual, Gilligan was wrong. This time it was his view of what businesses would do with their tax windfall. While the rest of the world of actual economists and business analysts pointed out that very large publicly owned corps would put the large bulk of their windfall into share buybacks and dividend increases...and despite ALL the data that backed up those positions...poor Gilligan and his Ivy League Lite education continued to bleat out the Red State and Townhall "businesses will build! build! build!" mantra.
The private savings level was good...the inflation indicator was low (this is good). Federal govt spending provided a boost and is significantly higher than it was Q3 2017.
So the headline number was good...the internals...well they pretty much detail why our inept, incompetent and unfit President is out on the campaign trial instilling fear of brown people into his base instead of talking about the "booming" economy. The avg Joe and Jane aren't feeling a booming economy. They may have a job, but their wages aren't growing. The stock market has done well, but 50% of US households don't own stocks in any fashion. Tariffs are hurting more than they are helping (because tariffs never are a net positive)
MAGA
all over the source .... 
