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OFFICIAL: Donald Trump thread.
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Originally posted by siablo14 View PostThe economy expanded at a 3.5 percent annual rate in the third quarter. That's slower than the second quarter's blockbuster 4.2 percent, but it puts the economy on pace for the fastest annual growth in 13 years.
https://www.npr.org/2018/10/26/66048...owth-benchmark
That boy, 1bad, will be gloating today.
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Originally posted by siablo14 View PostThe economy expanded at a 3.5 percent annual rate in the third quarter. That's slower than the second quarter's blockbuster 4.2 percent, but it puts the economy on pace for the fastest annual growth in 13 years.
https://www.npr.org/2018/10/26/66048...owth-benchmark
That boy, 1bad, will be gloating today.
Big growth in inventories
Big growth in government spending
Big growth in trade deficit
Fool’s gold
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The underlying economy is a bit scary. Orders are dropping off considerably for Q4. Market is dropping like a rock.
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Originally posted by man down View PostWhen the market goes back up next month what will you say?
Those superfans still spouting economic doom and gloom?
The numbers today looked great.
GDP up 3.5%
(Which beat estimates, btw)
PCE price index, a key measure of inflation, increased by 1.6 percent last quarter.
(Again beating expectations)
Consumer spending, which accounts for more than two thirds of U.S. economic activity, grew by 4 percent in the third quarter, the strongest since the fourth quarter of 2014.
https://www.cnbc.com/2018/10/26/firs...c-product.html
Great numbers, and the big Christmas quarter is coming next.
Great news for the country.
This is supply side economics in action.
It's a great chance for people to learn what policies stimulate economic growth, and which policies failed to do that.
Of course that's only for those who can look at the data objectively, as opposed to through the eyes of an ideologue.
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