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 […]

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U.S economy likely to have ended last year with longest stretch of 3% or better growth since 05

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A new analysis from Bloomberg pointed out that economic growth for Trump’s first year is the best its been since 2005. Bloomberg: The U.S. economy probably ended last year with the longest stretch of 3 percent-or-better growth since 2005. The $17 trillion question is, can it keep up this performance this late in the business cycle? […]

SORRY OBUMMER: Economy to break 13-year​ streak of poor growth

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According to new economic predictions, the economy is about to break its 13-year streak of poor growth. Breitbart: The latest readings of gross domestic product see the economy growing at well above three percent in the final quarter of 2017. The GDPNOW predictor run by the Atlanta Fed forecasts 3.3 percent GDP growth. The New […]

MAGA: Trump proves experts wrong, Quarter 3 GDP up 3.0%

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Despite the Hurricanes Trump was able to achieve 3.0% GDP once again in Quarter 3. CNBC: Cramer’s lightning round: Software play Splunk doesn’t live up to Salesforce The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in […]

Report: GOP Tax Framework Could Raise GDP By 5%, Wages By 7%

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BY: Ali Meyer President Donald Trump’s tax reform framework could raise GDP by as much as 5 percent and wages by as much as 7 percent, according to a new study from Boston University economists. “We find that, depending on the year considered, the new Republican tax plan raises GDP by between 3 and 5 […]

WOW: Quarter 2 GDP 3.1%, highest since January 2015

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Trump has more great news from the Economic front CSNBC: The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years, but the momentum probably slowed in the third quarter as Hurricanes Harvey and Irma temporarily curbed activity. Gross domestic product increased at […]

MAGA: U.S Second Quarter GDP 3.0% higher than the expected 2.7%

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WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter. Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the […]