Originally posted by GGG Gloveking
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So GDP growth for 2018 was 2.9%
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Originally posted by JimRaynor View PostWage growth is the best it's been in over 10 years. Some of the problem laid with the uncertainty of trade with China which really hampered Q4 growth as well as the Fed hiking rates numerous times, which they didn't do once in 8 years prior.. Once a new deal is reached with China I'd expect growth to resume to 3%+. I think things are only beginning to heat up as the country becomes used to Trump, and many of the policies begin to take effect.
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Originally posted by 1bad65 View PostMost D superfans are that way.
Part of it is their belief in "zero sum Economics". People who believe that foolishness dont grasp that an economy actually grows and creates wealth, but instead stick to the flawed belief that wealth is never created, so if one person makes more money that means someone else lost money.
They don't understand the concept of 'a rising tide lifts all boats' that JFK famously spoke of.
As a result, much of their anger and frustration is misdirected due to their own ignorance.Originally posted by GGG Gloveking View PostWhen you show up on a raft made of sticks and car tires tied together, the last thing you want to think about is a rising tide
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Originally posted by JimRaynor View PostWage growth is the best it's been in over 10 years. Some of the problem laid with the uncertainty of trade with China which really hampered Q4 growth as well as the Fed hiking rates numerous times, which they didn't do once in 8 years prior.. Once a new deal is reached with China I'd expect growth to resume to 3%+. I think things are only beginning to heat up as the country becomes used to Trump, and many of the policies begin to take effect.
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Originally posted by Vlad_ View PostWhat? The raising interest rates slow down economic growth to keep inflation in check, but that is of course reflected in the GDP growth as well.
if you know how it works, don't spew gibberish in here.
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