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The American economy is slowing, dragged down by trade tensions and weak growth overseas. But there are few signs that the decade-long expansion is on the verge of stalling out.
Gross domestic product, the broadest measure of goods and services produced in the economy, rose at a 2.1 percent annual rate in the second quarter, according to preliminary data released by the Commerce Department on Friday.
That is significantly lower than the 3.1 percent growth rate in the first quarter. And it falls far short of the 3 percent target that President Trump has repeatedly promised. Data revisions released Friday wiped away what had been a prized talking point for the White House: G.D.P. grew 2.5 percent for all of 2018, down from the 3 percent previously reported.
originally posted by: lakenheath24
a reply to: Duderino
Thats okay then...lets go to 5-6 percent. Then inflation goes up along with interest rates. The global ecomony aint for workin peeps. Op
originally posted by: Middleoftheroad
Trumps economy is doing this well while the feds implement quantitative tightening, which I’m ok with. But if the fed was implementing quantitative easing like they did during Obama’s entire presidency the GDP would be a lot higher.
Quantitative tightening is a contractionary monetary policy applied by a central bank to decrease the amount of liquidity within the economy. The policy is the reverse of quantitative easing aimed to increase money supply in order to "stimulate" the economy.
originally posted by: lakenheath24
a reply to: Duderino
Thats okay then...lets go to 5-6 percent. Then inflation goes up along with interest rates. The global ecomony aint for workin peeps. Op
originally posted by: Middleoftheroad
Trumps economy is doing this well while the feds implement quantitative tightening, which I’m ok with. But if the fed was implementing quantitative easing like they did during Obama’s entire presidency the GDP would be a lot higher.
Quantitative tightening is a contractionary monetary policy applied by a central bank to decrease the amount of liquidity within the economy. The policy is the reverse of quantitative easing aimed to increase money supply in order to "stimulate" the economy.
originally posted by: TerryMcGuire
a reply to: Duderino
I think that too much of the American economy relies on ''bubbles'' . People with more than month to month money want to invest it because this is the way we do things here in this capitalist worlds. Those people look for whatever is showing returns and they then invest in those opportunities.
If they have invested in a bubble then when that bubble pops they pull out their money and go on to the next bubble. I call it skimming off the wealth from whatever might be a productive venture. Bubble to bubble. It was that huge bubble that popped under Bush 2 and which much of the Obama administration sought to restore. Questionably I might add.
But once things had gotten back on some kind of growth track, the bubble people began to look around for places to invest again. Trump took advantage of this cycle claiming it was all his leadership that brought about this latest economic upswing.
I see it differently. The short term profit bubble people are getting ready to pull their money once more and that crash, that short term profit bubble is going to go flat.