Moneymoneyrcwrttrumprecession

Sun Oct 27, 2019, 12:12 PM

Why the U.S. Economys Bumpy Ride Is About to Get Bumpier

Published: Oct 26, 2019 10:45 a.m. ET

By JEFFRY BARTASH
REPORTER

The U.S. economy has hit a lot of bumps in the road lately and the way forward is unlikely to get any smoother.

A barrage of reports on the economy this coming week are expected to show U.S. growth slowed at the end of the summer. The smoldering trade war with China has sapped business investment, undercut American manufacturers and farmers and caused a decline in hiring.

See: MarketWatch Economic Calendar

The first big clue will come Wednesday. Gross domestic product in the third quarter running from July to September is forecast to fall to about 1.4% from a 2% pace of growth in the spring.

GDP is the official scorecard, so to speak, of how well the economy is doing. Historically the U.S. has grown more than 3% a year, but the last time it reached that mark was in 2005. Most economists think the U.S. can grow no faster than about 2%, at least not for any extended time.

The other piece of bad news is due Friday when the governments reveals how many new jobs were created in October. Economists predict the U.S. generated fewer than 100,000 new jobs last month, a figure that would be the lowest since May and one of the weakest numbers in seven years.

more...

https://www.marketwatch.com/story/why-the-us-economys-bumpy-ride-is-about-to-get-bumpier-2019-10-26

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Reply Why the U.S. Economys Bumpy Ride Is About to Get Bumpier (Original post)
RCW2014 Oct 27 OP
Da Mannn Oct 27 #1
quad489 Oct 27 #2
DDKick Oct 27 #3
Grumpy Pickle Oct 27 #4

Response to RCW2014 (Original post)

Sun Oct 27, 2019, 12:17 PM

1. This is like porn to a Lefty. Lefty fears a good economy, and so lies every chance he can get

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Response to RCW2014 (Original post)

Sun Oct 27, 2019, 12:19 PM

2. LOL!!!

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Response to RCW2014 (Original post)

Sun Oct 27, 2019, 12:23 PM

3. Well the democrats are working very hard to destroy the economy.

The partisan fake impeachment will create uncertainty where there was confidence in the market. The stock boom in the 90's collapsed the very day the DOJ took on Microsoft for Bill Clinton.

The only thing Democrats are good at is destroying anything good in America.

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Response to DDKick (Reply #3)

Sun Oct 27, 2019, 07:16 PM

4. Dems would love to see a downturn in the economy.

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