Politicspoliticstieronepostersplaywithpoo

Wed Dec 6, 2017, 09:07 PM

Trump says the GDP will grow by 6%

Trump defies data with 6% GDP growth forecast
https://www.cnbc.com/2017/12/06/trump-defies-data-with-6-percent-gdp-growth-forecast.html

It's good to set reach out goals.

5 replies, 97 views

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Reply Trump says the GDP will grow by 6% (Original post)
TheShoe Dec 6 OP
RATFINK_5.0 Dec 6 #1
buck_turgidson Dec 6 #2
Gamle-ged Dec 6 #3
Valishin Dec 6 #4
Scary Red Dec 6 #5

Response to TheShoe (Original post)

Wed Dec 6, 2017, 09:11 PM

1. Good Luck

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Response to TheShoe (Original post)

Wed Dec 6, 2017, 09:18 PM

2. Trump has never worried about telling the truth before. He will just say that we had 6% growth...

and that the media won't report the truth.

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Response to TheShoe (Original post)

Wed Dec 6, 2017, 09:31 PM

3. Let's say that we reach 4% or 4.5%. That's a significant amount better than the past several years..

... employment would be up, manufacturing would have gotten a boost, wages would no longer be stagnant, people obviously have money to spend.. and the Liberal media crows about not seeing 6%. People look at their own finances, look at the media joyful, NOT about the improvement people have but about NOT reaching a hoped-for goal!

People shake their heads at this reaffirmation of their belief that the Liberal media SUCKS and go about their business, voting for the next crop of Republicans... and President Trump smiles...



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Response to TheShoe (Original post)

Wed Dec 6, 2017, 09:32 PM

4. Well he is

a big fish kind of bullshitter so that makes sense.

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Response to TheShoe (Original post)

Wed Dec 6, 2017, 11:12 PM

5. That would not be a good thing...

https://www.investopedia.com/articles/06/gdpinflation.asp

The Slippery Slope

The relationship between inflation and economic output (GDP) plays out like a very delicate dance. For stock market investors, annual growth in the GDP is vital. If overall economic output is declining or merely holding steady, most companies will not be able to increase their profits, which is the primary driver of stock performance. However, too much GDP growth is also dangerous, as it will most likely come with an increase in inflation, which erodes stock market gains by making our money (and future corporate profits) less valuable. Most economists today agree that 2.5-3.5% GDP growth per year is the most that our economy can safely maintain without causing negative side effects. But where do these numbers come from? To answer that question, we need to bring a new variable, unemployment rate, into play. (For related reading, see Surveying The Employment Report.



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