Moneymoney

Thu Aug 29, 2019, 09:06 AM

Q2 GDP Revised Lower To 2.0% Despite Surge In Personal Spending

There were no surprises in today's first revision of Q2 GDP, which the BEA reported moments ago printed at 2.0% (2.040% to be precise), just as expected, and down modestly from the 2.1% (2.060%) initial estimate; the number was also down from the 3.1% annualized GDP growth in Q1.

The Q2 increase in real GDP reflected an even greater increase in consumer spending and government spending, while inventory investment, exports, housing investment, and business investment decreased. Imports, which are a subtraction in the calculation of GDP, increased. The increase in consumer spending reflected increases in both goods and services that were widespread across major categories. The increase in government spending reflected increases in both federal and state and local government spending.

https://www.zerohedge.com/news/2019-08-29/q2-gdp-revised-lower-20-despite-surge-personal-spending

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Reply Q2 GDP Revised Lower To 2.0% Despite Surge In Personal Spending (Original post)
uncledad Aug 29 OP
Gunslinger201 Aug 29 #1
MeatSandwich Aug 29 #2
uncledad Aug 29 #3

Response to uncledad (Original post)

Thu Aug 29, 2019, 09:24 AM

1. Still not a quarter of Negative Growth

Not going to get a Recession for Christmas Dems

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Response to Gunslinger201 (Reply #1)

Thu Aug 29, 2019, 10:15 AM

2. Here's what I see happening. The Dems will say something like ...

"Well, yes, there hasn't been two consecutive quarters of negative growth, but it certainly feels that way; and Trump is to blame for it."

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Response to Gunslinger201 (Reply #1)

Thu Aug 29, 2019, 11:38 AM

3. There may not be a recession this year..

Just to remind you, every president has had a recession during their term, going back to Nixon.

That makes it probable, trump may not escape a down turn.

Either one before the 2020 election or who ever is in Office after the election.

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