BOOM! 3rd quarter GDP poised to hit 3.4%

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According to a report from Bloomberg the 3rd quarter GDP is supposed to be 3.4%. Bloomberg: The U.S. economy is poised for its best back-to-back quarters of growth since 2014, handing President Donald Trump a $20 trillion talking point just in time for the midterm congressional elections. The report due Friday, the last data before […]

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MORE WINNING! 2nd Q GDP revised to 4.2%

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The GDP for quarter two was revised up to 4.2% even though the experts expected it to be pushed downward. Yahoo: The roaring growth of the US economy in the second quarter was even faster than first reported, with new numbers showing a bigger boost in corporate spending, the government reported Wednesday. The uptick in […]

ATL FED: GDP 5% next quarter!

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The Atlanta Federal Reserve predicted that next quarter the U.S Economy would grow at 5%. ATL FED: Latest forecast: 5.0 percent — August 1, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 5.0 percent on August 1, up from 4.7 percent on July 31. The nowcasts of third-quarter […]

TRUMP EFFECT: Germany to boost military spending to 1.5% of GDP by 2025

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Germany has announced that it would raise its military spending to 1.5% of its GDP by 2025. Reuters: Germany will tell NATO in July that it expects to boost military spending to around 1.5 percent of gross domestic product by 2025, Defense Minister Ursula von der Leyen told Germany’s top military brass on Monday. This […]

CBO: GDP for 2018 will be highest in 15 years

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The CBO projected that the GDP for 2018 will be the highest in 15 years. CNS: The Congressional Budget Office’s budget and economic outlook released this month projects that real Gross Domestic Product will grow by 3.3 percent from the fourth quarter of 2017 to the fourth quarter of 2018. That would mark a 15-year high. “In […]

For the first time in 50 years, U.S Debt-GDP ratio goes down more than 1% in Presidents first term

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A new article from The Gateway Pundit lays out just how strong Trump has made the economy. Gateway Pundit: The higher a country’s debt to GDP ratio, the less healthy the country’s economy. With the final 2017 GDP numbers released today, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.3% in […]

Report: GDP rose 2.9% in Q4, higher than expected

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The GDP rose 2.9% in Quarter 4 of 2017 more than what the 2.7% that was expected. CNBC:  U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a surge in imports. Gross domestic product expanded at a 2.9 […]

Report: Trade deficits behind underwhelming GDP for Q4

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Yesterday we reported that the US Trade Deficit hit its highest since 2008.What we didn’t account for however was how it affected the GDP. Breitbart: The trade deficit rose 5.3 percent in December to $53.1 billion, more than expected by economists. For the entire year, the trade gap jumped 12.1 percent to a nine-year high […]