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Jul 27 2018 03:43pm
Quote (excellence @ 27 Jul 2018 22:36)
really :ph34r:

https://data.bls.gov/timeseries/LNS14000000
https://www.bea.gov/newsreleases/glance.htm

unemployment avg in Q2 '18 = 3.9%
gdp growth in Q2 '18 = 4.1%


whats the problem?
you were writing about a gdp growth of over 4%, which seemed a bit unrealistic to me. thats why I asked for specifics, and the specifics are that this was only the Q2 growth. hence, my question for a source or more details was perfectly justified.

again: I'm not questioning the overall narrative that the Trump economy is doing great atm. it's simply that the particular number of "over 4%" seemed doubtful to me, and it was. the annualized growth rate so far is 3.45%, the quarterly growth rate is 3.1% (as noted in the marketwatch article from Horford).

as I said: those are still rock-solid numbers.

This post was edited by Black XistenZ on Jul 27 2018 03:43pm
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Jul 27 2018 03:47pm
Quote (EndlessSky @ 27 Jul 2018 17:39)
How many points did the DOW go up after Trump won? Derp

yo the dow and all markets were supposed to crash when drumpf won. krugman and cuban and company said so

http://www.newsbusters.org/blogs/nb/tom-blumer/2016/11/10/ny-timess-paul-krugman-trump-wins-markets-will-never-recover - NY Times's Paul Krugman, As Trump Wins: Markets Will 'Never' Recover
http://www.thefiscaltimes.com/2016/09/06/Mark-Cuban-Stocks-Will-Crash-if-Trump-Wins - Mark Cuban: Stocks Will Crash if Trump Wins
https://www.nytimes.com/2016/11/01/business/dealbook/what-happens-to-the-markets-if-donald-trump-wins.html - What Happens to the Markets if Donald Trump Wins?..."The conventional wisdom is that, right off the bat, the stock market would fall precipitously."
http://money.cnn.com/2016/10/24/investing/stocks-donald-trump-hillary-clinton/ - A Trump win would sink stocks. What about Clinton?
http://www.politico.com/story/2016/10/donald-trump-wall-street-effect-markets-230164 - Economists: A Trump win would tank the markets
http://fortune.com/2016/11/08/donald-trump-stocks-crash/ - A Huge Hedge Fund Says Stocks Will Crash if Donald Trump Wins
http://www.marketwatch.com/story/the-stock-market-could-crash-if-donald-trump-is-elected-2016-10-31 - The stock market could crash if Donald Trump is elected president
http://www.investors.com/news/fbi-reveals-more-evidence-that-stocks-will-fall-if-trump-wins/ - FBI Reveals More Evidence That Stocks Will Fall If Trump Wins
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Jul 27 2018 03:50pm
Quote (Brian_D @ Jul 27 2018 02:23pm)
You guys? I dont have a dog in this fight. Just trying to be impartial.. Be honest about it for fuck sake.


you've been anti-trump since day 1 how are you impartial?
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Jul 27 2018 03:55pm
Quote (Black XistenZ @ 27 Jul 2018 17:43)
whats the problem?
you were writing about a gdp growth of over 4%, which seemed a bit unrealistic to me. thats why I asked for specifics, and the specifics are that this was only the Q2 growth. hence, my question for a source or more details was perfectly justified.

again: I'm not questioning the overall narrative that the Trump economy is doing great atm. it's simply that the particular number of "over 4%" seemed doubtful to me, and it was. the annualized growth rate so far is 3.45%, the quarterly growth rate is 3.1% (as noted in the marketwatch article from Horford).

as I said: those are still rock-solid numbers.

fair enough - the anticipation was for the announcement of the reported quarterly figures which is why i referenced the q2 figures, should have qualified that.

either way we’re living in a 3-4% isnt good enough world where 3% ‘wasn’t even possible’ when drumpf set his targets. works for me

This post was edited by excellence on Jul 27 2018 03:55pm
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Jul 27 2018 03:55pm
Quote (Black XistenZ @ Jul 27 2018 02:35pm)
4.1% quarterly growth in Q2/2018, and 2.2% in Q1/2018 - this doesnt add up to an annual growth rate of 4%...

quarterly growth rates fluctuate quite a lot, based on the weather also because they encompass a smaller period of time where singular events exert a larger influence.

dont get me wrong, those are rock-solid numbers, and a mean growth rate of 3.45% in 2018 so far with an annual consumer price inflation of "just" 1.8% is fantastic news.
but overall, that's still quite a bit below 4% annual growth.

All true. Albeit like you said, still solid numbers. I hope it continues, however we’re currently in the 2nd longest period of economic expansion in our countries history, so, idk how long this trend can continue
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Jul 27 2018 04:00pm
Quote (IgoSoHard @ Jul 27 2018 02:55pm)
All true. Albeit like you said, still solid numbers. I hope it continues, however we’re currently in the 2nd longest period of economic expansion in our countries history, so, idk how long this trend can continue


some tv hosts are begging for a recession during drumpf's presidency just to give him the blame
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Jul 27 2018 04:08pm
Quote (majorblood @ Jul 27 2018 05:00pm)
some tv hosts are begging for a recession during drumpf's presidency just to give him the blame

Yeah, it’s telling that some members of the left are afraid of Trump succeeding, not of him failing. They would rather him fail, even if it has a negative impact on the country, opposed to him succeeding, & it having a positive impact on the country.

Of course some people lowkey feel that way, but yeah, I was surprised Bill M’s dumbass came out & said it.

Don’t get me wrong, I’m sure there were some people who were hoping the country would go up in flames while Obama was president. People like that are fucking pathetic losers.

This post was edited by IgoSoHard on Jul 27 2018 04:25pm
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Jul 27 2018 04:33pm
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Jul 27 2018 04:33pm
Quote (IgoSoHard @ 27 Jul 2018 18:08)
Yeah, it’s telling that some members of the left are afraid of Trump succeeding, not of him failing. They would rather him fail, even if it has a negative impact on the country, opposed to him succeeding, & it having a positive impact on the country.

Of course some people lowkey feel that way, but yeah, I was surprised Bill M’s dumbass came out & said it.

Don’t get me wrong, I’m sure there were some people who were hoping the country would go up in flames while Obama was president. People like that are fucking pathetic losers.


it’s usually people who are recession-immune who root for presidential failure on the domestic front
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Jul 27 2018 04:49pm
Quote (IgoSoHard @ 28 Jul 2018 00:08)
Yeah, it’s telling that some members of the left are afraid of Trump succeeding, not of him failing. They would rather him fail, even if it has a negative impact on the country, opposed to him succeeding, & it having a positive impact on the country.

Of course some people lowkey feel that way, but yeah, I was surprised Bill M’s dumbass came out & said it.

Don’t get me wrong, I’m sure there were some people who were hoping the country would go up in flames while Obama was president. People like that are fucking pathetic losers.


well, the truth is: politically, Trump lives and falls by the economy. if we enter a sharp recession, he is toast, politically. and if the current boom continues, he will be very hard to beat in 2020 (unless Mueller finds the smoking gun).

also keep in mind the long-term implications: ginsburg is what, 86? and breyer is also over 80 years old. if Trump gets reelected, he has another 6.5 years in office from now on. given their age, chances would be high that Trump is able to replace another liberal supreme court judge with a staunch conservative, which would shift the SCOTUS, and in turn the entire country, firmly to the right for decades.

since an economic downturn inevitably will come sooner or later, I can actually understand the sentiment of liberals who prefer the recession to come before Trump gets reelected. in the end, it's not about eternal boom vs eternal crisis, it's simply a question of the timing of the impending recession.
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