Overall year grew, but 4th quarter missed trumps target of 3%.

Quote:The U.S. gross domestic product, a broad measure of the economy, increased by 2.3 percent in 2017, federal economists reported Friday.

GDP growth slowed in the year’s fourth quarter to an annualized rate of 2.6 percent, breaking a two-quarter streak of growth of more than 3 percent.

The economy grew far faster in 2017 than during the year before, but the slowed fourth quarter growth underscores the challenge President Trump’s administration will have in delivering the growth rates he has promised. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target.

U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets

Will be interesting to see the 1st Quarter for 2018 as that could likely give us the first real indication as to whether the tax cut is moving the overall needle.

you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Quote:Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of
2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the
third quarter, real GDP increased 3.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see "Source Data for the
Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete
data, will be released on February 28, 2018.

The economy is a fickle b*tch. At least he set a mark and it was almost obtained.

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Quote:Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of
2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the
third quarter, real GDP increased 3.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see "Source Data for the
Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete
data, will be released on February 28, 2018.

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Quote:Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of
2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the
third quarter, real GDP increased 3.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see "Source Data for the
Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete
data, will be released on February 28, 2018.

When Obama was president, the revisions always went down. So far the revisions with Trump have always gone up. We'll see. Maybe it will hit 3%.

(01-26-2018 10:08 AM)Redwingtom Wrote:  

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Quote:Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of
2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the
third quarter, real GDP increased 3.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see "Source Data for the
Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete
data, will be released on February 28, 2018.

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

(01-26-2018 10:11 AM)bullet Wrote:  When Obama was president, the revisions always went down. So far the revisions with Trump have always gone up. We'll see. Maybe it will hit 3%.

You've said this before. And it's still not accurate. I didn't research every quarter under Obama, but I did quickly find at least one quarter for Obama that was revised up. Not to mention, trump's had what, a whole 2 quarters that were fully attributable to him...so it's not like it's anything anyone would want to take much stock in as anything prescient.

Gross Domestic Product, 2nd quarter 2012 (advance estimate) - 1.5%
GDP revised upward to 1.7 percent

Perhaps you should perform a complete analysis if you're going to continue to assert this false claim?

(01-26-2018 10:13 AM)stinkfist Wrote:  

(01-26-2018 10:08 AM)Redwingtom Wrote:  

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Quote:Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of
2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the
third quarter, real GDP increased 3.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see "Source Data for the
Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete
data, will be released on February 28, 2018.

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity? Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

(01-26-2018 10:22 AM)Redwingtom Wrote:  

(01-26-2018 10:13 AM)stinkfist Wrote:  

(01-26-2018 10:08 AM)Redwingtom Wrote:  

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Quote:Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of
2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the
third quarter, real GDP increased 3.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see "Source Data for the
Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete
data, will be released on February 28, 2018.

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity?. Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

there's no way that can be defined other than growth ticked upwards when that started happening.....

the numbers speak for themselves....

I'm very confident Q4 gets revised upwards and '18 will yield +3% growth....

money is back in play.....

(01-26-2018 10:29 AM)stinkfist Wrote:  

(01-26-2018 10:22 AM)Redwingtom Wrote:  

(01-26-2018 10:13 AM)stinkfist Wrote:  

(01-26-2018 10:08 AM)Redwingtom Wrote:  

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity?. Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

there's no way that can be defined other than growth ticked upwards when that started happening.....

the numbers speak for themselves....

I'm very confident Q4 gets revised upwards and '18 will yield +3% growth....

money is back in play.....

Democrats truly hate America. They are gleeful everytime they perceive bad news. What a miserable existence.

Khan, stop lying. The growth for the year is a good thing...and I think the 4th quarter will be revised upward.

Can't you guys talk about anything objectively?

(01-26-2018 10:43 AM)Redwingtom Wrote:  Khan, stop lying. The growth for the year is a good thing...and I think the 4th quarter will be revised upward.

Can't you guys talk about anything objectively?

So you hate me too now?

(01-26-2018 10:43 AM)Redwingtom Wrote:  Khan, stop lying. The growth for the year is a good thing...and I think the 4th quarter will be revised upward.

Can't you guys talk about anything objectively?

I did....you simply view the 'why' out of a different lens....

I've asked a gazillion times for ANY dem to define a solid economic agenda......only UCF08 replied.....and it was quickly squashed....

I couldn't care less about 'party'....

when it comes to the USD, all I care about are fundamentals and the preservation of value....

both sides have played the globalization ponzi schema for decades now....

#not smart

#henceDJT

I'll wait until Feb. 28 to form a fact based opinion, you should too.

(01-26-2018 10:22 AM)Redwingtom Wrote:  

(01-26-2018 10:13 AM)stinkfist Wrote:  

(01-26-2018 10:08 AM)Redwingtom Wrote:  

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Quote:Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of
2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the
third quarter, real GDP increased 3.2 percent.

The Bureau emphasized that the fourth-quarter advance estimate released today is based on source
data that are incomplete or subject to further revision by the source agency (see "Source Data for the
Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete
data, will be released on February 28, 2018.

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity? Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

Of course, you reserve the right to determine what is credible!

Fact is that it has been repeated by business owners, newspaper articles (including some liberal papers) and by the Wall Street Journal many times over the last few months that the reduction in regulations and increased certainty is increasing growth and investment.

(01-26-2018 11:24 AM)bullet Wrote:  

(01-26-2018 10:22 AM)Redwingtom Wrote:  

(01-26-2018 10:13 AM)stinkfist Wrote:  

(01-26-2018 10:08 AM)Redwingtom Wrote:  

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity? Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

Of course, you reserve the right to determine what is credible!

Fact is that it has been repeated by business owners, newspaper articles (including some liberal papers) and by the Wall Street Journal many times over the last few months that the reduction in regulations and increased certainty is increasing growth and investment.

As well as his tax plan...

(01-26-2018 10:55 AM)stinkfist Wrote:  

(01-26-2018 10:43 AM)Redwingtom Wrote:  Khan, stop lying. The growth for the year is a good thing...and I think the 4th quarter will be revised upward.

Can't you guys talk about anything objectively?

I did....you simply view the 'why' out of a different lens....

I've asked a gazillion times for ANY dem to define a solid economic agenda......only UCF08 replied.....and it was quickly squashed....

I couldn't care less about 'party'....

when it comes to the USD, all I care about are fundamentals and the preservation of value....

both sides have played the globalization ponzi schema for decades now....

#not smart

#henceDJT

Yes...you did. Apologies for inadvertently lumping you in. Thanks for that!

(01-26-2018 11:24 AM)bullet Wrote:  

(01-26-2018 10:22 AM)Redwingtom Wrote:  

(01-26-2018 10:13 AM)stinkfist Wrote:  

(01-26-2018 10:08 AM)Redwingtom Wrote:  

(01-26-2018 10:01 AM)stinkfist Wrote:  you can hardly put the blame of the annual number on him.....

but yeah, there was a slight drop in Q4....

here's the .gov non paywall link for those wish to investigate further.....

https://www.bea.gov/newsreleases/nationa...elease.htm

Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity? Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

Of course, you reserve the right to determine what is credible!

Fact is that it has been repeated by business owners, newspaper articles (including some liberal papers) and by the Wall Street Journal many times over the last few months that the reduction in regulations and increased certainty is increasing growth and investment.

Cite one please. Thanks. And I'm not talking about someones feelings. I want numbers.

(01-26-2018 11:32 AM)TigerBlue4Ever Wrote:  

(01-26-2018 11:24 AM)bullet Wrote:  

(01-26-2018 10:22 AM)Redwingtom Wrote:  

(01-26-2018 10:13 AM)stinkfist Wrote:  

(01-26-2018 10:08 AM)Redwingtom Wrote:  Agreed...but you also then cannot give him all (or even the majority of) the credit for the numbers in 2017, that were better than 2016, right??

Thanks Obama!

I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity? Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

Of course, you reserve the right to determine what is credible!

Fact is that it has been repeated by business owners, newspaper articles (including some liberal papers) and by the Wall Street Journal many times over the last few months that the reduction in regulations and increased certainty is increasing growth and investment.

As well as his tax plan...

The tax plan that started on January 1st?

(01-26-2018 12:01 PM)Redwingtom Wrote:  

(01-26-2018 11:32 AM)TigerBlue4Ever Wrote:  

(01-26-2018 11:24 AM)bullet Wrote:  

(01-26-2018 10:22 AM)Redwingtom Wrote:  

(01-26-2018 10:13 AM)stinkfist Wrote:  I can....that's when he started peeling away regulations....

Show me one credible report that has asserted that regulation changes put forth by trump have been responsible for increased economic activity? Trust me, you wont find any. It's too early to assert that claim with any certainty. Sorry.

Of course, you reserve the right to determine what is credible!

Fact is that it has been repeated by business owners, newspaper articles (including some liberal papers) and by the Wall Street Journal many times over the last few months that the reduction in regulations and increased certainty is increasing growth and investment.

As well as his tax plan...

The tax plan that started on January 1st?

A tax plan that was anticipated over 12 months ago.