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Thread: First Quarter GDP 3.2

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    First Quarter GDP 3.2

    First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%.
    .


    Exports rose 3.7% in the first quarter, while imports decreased by 3.7%. Economic growth also got a lift from strong investments in intellectual property products. Those investments expanded by 8.6%.

    Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter.
    .
    Quote Originally Posted by Billy Jingo View Post
    No, you do. Except when you go full frontal white supremacy. Then they just pretend you didn’t say that. They do that with all their bigots except Lady Marva. That is probably because her racism is clumsy. But so is Mark’s but in a Trumpian acceptable way, I guess.

    But you? You are rarely challenged here (other than by Bane) and even then, when Celeste forgets how much she loves her gun, it is exceedingly mild.

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    Quote Originally Posted by Billy Jingo View Post
    No, you do. Except when you go full frontal white supremacy. Then they just pretend you didn’t say that. They do that with all their bigots except Lady Marva. That is probably because her racism is clumsy. But so is Mark’s but in a Trumpian acceptable way, I guess.

    But you? You are rarely challenged here (other than by Bane) and even then, when Celeste forgets how much she loves her gun, it is exceedingly mild.

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    Maybe it's time Adam revived his signature quotes from Paul Krugman, the Nobel Prize-winning NY Times economist who seems determined to be academia's answer to celebrity airheads. He predicted history would show the Enron scandal more important than the creation of the Internet. He proclaimed the election of Trump would bring on unrelieved economic catastrophe, and recommended that everyone cash out of the market while they could.

    He later confessed that he was perhaps hasty, and misguided by his disgust with the bad orange man.

    But if his rage at our vile president clouded his thinking, he has relapsed like a sloppy drunk. Here he writes in the "paper of record" a couple of weeks ago that Trump would "debase" the Fed by proposing to fill two vacancies with Stephen Moore and Herman Cain:

    ...What does Trump want? His attempted beclowning of the Fed follows, I’d argue, from the fact that his one major legislative success, the 2017 tax cut — which he predicted would be “rocket fuel” for the economy — has turned out to be a big fizzle, economically and, especially, politically.

    It’s true that U.S. economic growth got a bump for two quarters last year, and Trumpists are still pretending to believe that we’ll have great growth for a decade. But at this point last year’s growth is looking like a brief and rapidly fading sugar high.

    Meanwhile, the tax cut remains unpopular, partly because few people perceived personal benefits, partly because voters appear to be less concerned about paying too much than with the sense that the rich — the prime beneficiaries of the Trump cut — are paying too little.

    Some leaders might see such disappointments as reasons to make a course correction. But this is Trump: When the going gets tough, he blames someone else....
    Emphasis added.

    What a hoot. At least when Krugman blames someone else, our vile president specifically, he's assigning blame for a situation that doesn't exist. A "big fizzle" that didn't happen, in this case.

    It's not too late to cash out!

    Paul should be allowed to leave the Paper of Record to avoid further embarrassment. He could doubtless get a job prognosticating for climate change alarmists somewhere.
    Last edited by Newman; Saturday, April 27th, 2019 at 5:42 AM.
    "We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them." —CNN's Don Lemon, showing how to stop demonizing people.

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    Or as the media says, Thank goodness for subpoenas and Venezuela!

    Private payrolls surge by 275,000 in April, blowing past estimates in biggest gain since July
    The U.S. economy added far more jobs than expected in April as payrolls in the services sector grew by the most in more than two years, according to data released Wednesday by ADP and Moody’s Analytics.
    Wednesday’s report came after the Commerce Department said last week the economy grew by 3.2% in the first quarter on an annualized basis. That was the best start to a year since 2015. The official jobs report for April from the government will be released Friday.
    I'm confused by the comparison to 2015, which I saw elsewhere, too. If I call up 2015 1st quarter GDP I see a different tale:

    U.S. GDP Gained A Sluggish 0.2% In First Quarter 2015
    Forbes, April 29, 2015.
    "We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them." —CNN's Don Lemon, showing how to stop demonizing people.

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    Another Terrible, Horrible, No Good, Very Bad Day for Bill Maher

    Economy added 263,000 jobs in April, unemployment falls to 3.6%, new 50-year low
    Hiring was strong for the second straight month in April and unemployment fell to a new 50-year low, easing concerns that a slowing global and U.S. economy could dampen hiring.

    Employers added a booming 263,000 jobs, the Labor Department said Friday. The unemployment rate fell from 3.8% to 3.6%, lowest since December 1969, but that was because nearly 500,000 Americans left the labor force, which includes people working and looking for jobs.

    Economists had estimated that 190,000 jobs were added last month, according to a Bloomberg survey.
    Average hourly earnings rose 6 cents to $27.70, keeping the annual gain at 3.2%.

    Pay increases generally have topped 3% since last year as employers compete for a shrinking supply of workers. But they haven’t ratcheted higher in recent months, helping the Federal Reserve remain on hold as it waits to see if now-subdued inflation starts to pick up, forcing it to raise rates again, or if the economy weakens enough to prompt a rate cut.
    "We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them." —CNN's Don Lemon, showing how to stop demonizing people.

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    Poor, stupid Plugs Biden went to Allentown or Pittsburgh or somewhere and shouted at the 23 blue collar workers in attendance that they got nothing from the tax cut. I'm wondering how long it will take someone to remind him of the many, MANY companies that gave tax-cut bonuses to their employees.
    Leftists have unquestionably demonstrated their hatred for due process, and Democrats have undeniably obstructed justice for, and thoroughly victim-shamed and smeared, Karen Monahan.

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