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U.S. Growth Settles in at Low Gear in Third Quarter

Moderate Right said:
We will eventually win the trade wars. No one, not even Trump said that the trade wars wouldn't hurt us short term. Hell, even Democrats have been high fiving Trump in regards to being tough on China. But, thanks for admitting that I was right. The US economy is doing better than most all other countries.
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Wishful thinking isn't a useful strategy. This in today:
Bloomberg - China Doubts Long-Term Trade Deal Possible With Trump
I, for one, am shocked - SHOCKED I TELL YOU! That Trump oversold trade talk progress.

In private conversations with visitors to Beijing and other interlocutors in recent weeks, Chinese officials have warned they won’t budge on the thorniest issues, according to people familiar with the matter. They remain concerned about President Donald Trump’s impulsive nature and the risk he may back out of even the limited deal both sides say they want to sign in the coming weeks.
...
That first step, according to the Trump administration, is meant to lead to a more comprehensive agreement involving more substantial economic reforms than those contained in the proposed initial phase. But Chinese officials are skeptical, saying that would require the U.S. to withdraw tariffs in place on some $360 billion in imports from China -- something many don’t see Trump being ready to do.
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Drawdown said:
The slowdown in the US economy is because of the slowdown in the global economy.
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Or maybe... a trade war between two of the worlds largest economies has created a tremendous amount of uncertainty, and private investment has suffered.

Unreal and sad is that you think our economy has nothing to do with what is happening overseas.
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See my statement above.
 
MTAtech said:
I, for one, am shocked - SHOCKED I TELL YOU! That Trump oversold trade talk progress.
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And markets aren't reacting as they once did. One could do rather well if they had bought after Trump pessimism tweets and sold after Trump optimism tweets. It seems markets have built up somewhat of an immunity.
 
Moderate Right said:
We will eventually win the trade wars. No one, not even Trump said that the trade wars wouldn't hurt us short term. Hell, even Democrats have been high fiving Trump in regards to being tough on China. But, thanks for admitting that I was right. The US economy is doing better than most all other countries.
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Did you catch the part where average world GDP growth is 3%. We're at 1.9%. If you think that makes you right.. welll... I guess you do illustrate a very important point. The US is now well below average in math and reading comprehension.
 
Casper said:
Then you better prepare, they are.
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Do you agree with the experts or not? You can't agree with them regarding Trump but not with Warren or Sanders. Besides, if one of them are the nominee then comrade Tulsi runs, or Howard Schultz. You guys can't win for losing. Remember, Russia's got the fix in.
 
Mithros said:
I guess you do illustrate a very important point. The US is now well below average in math and reading comprehension.
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And that is why Trump was elected and continues to be so popular....
 
Mithros said:
Did you catch the part where average world GDP growth is 3%. We're at 1.9%. If you think that makes you right.. welll... I guess you do illustrate a very important point. The US is now well below average in math and reading comprehension.
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As usual, you are being extremely dishonest. Compare the US to individual countries. China is huge with 6% growth (which is way down for them (down more than the US)), which skews the world average so you can use it for political propaganda as a cherry picked fact.
 
Moderate Right said:
Do you agree with the experts or not? You can't agree with them regarding Trump but not with Warren or Sanders. Besides, if one of them are the nominee then comrade Tulsi runs, or Howard Schultz. You guys can't win for losing. Remember, Russia's got the fix in.
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I agree with the experts in that the signs are there for a downturn in the economy. I think Bernie hasn't a prayer of getting the nomination and highly suspect Warren gets it and that at this point win fairly easily due to the overall general dislike of trump Nationwide. I would have preferred a Moderate from Both sides but as with everyone else I am stuck with the choices presented. Last election I voted on everyone and everything on my ballet, except the Presidential candidates, for me there simply was no lesser evil, just different evils. This time I will not pass on that vote, unless it is Bernie verses Trump because I cannot in good conscience vote for either. You guys? I am an Independent, Always have been, Always will be, my Party is The United States of America.
 
ludin said:
since most other countries are heading towards recession at this point including europe the US economy is still steady and strong
even in the middle of a slow down which economies do every now and then.

given the record number quarters of growth that is happening we are probably past due for an adjustment.
the economy is still adding jobs and wages are still going up.

the job report is still strong. so yes we are still winning.
the question is why do you hate people making more money and having more jobs available for people to get?
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Does not address why it was pointless for MR to say the following:

Moderate Right said:
Still doing better than a lot of countries.
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You should figure out why...for once. :lol:
 
Moderate Right said:
LOL. Experts have already predicted a very huge hit to the economy if either Warren or Sanders was president.
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What does that have to do with here and right now?
 
RetiredUSN said:
Brain dead liberals cheered Obama when he said it was the new normal.

Brain dead liberals continue to cheer economy slow downs when their assholes are not in power.
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Obama made that comment in an interview with CBS reporters. Here's the full quote:

What is a danger is that we stay stuck in a new normal where unemployment rates stay high. People who have jobs see their incomes go up. Businesses make big profits, but they’ve learned to do more with less. And so they don’t hire. And, as a consequence, we keep on seeing growth that is just too slow to bring back the eight million jobs that were lost. That is a danger. So, that’s something that I’ve spent a lot of time thinking about.
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So Obama's comments weren't "hey, it's here to stay, get used to it." It was "this is a real danger; it's shaping up in the way businesses are thinking about hiring, and we're trying to think of ways to change it."
 
"I have the strongest economy in the history of our country."

- Lyin' Donald

:lamo
 
Moderate Right said:
Jobs report: U.S. economy adds 128,000 jobs in October, smashing expectations
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Here is the most relevant data from your link:

The Bureau of Labor Statistics released its latest print on the U.S. employment situation Friday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus economist expectations compiled by Bloomberg:

Change in non-farm payrolls: +128,000 vs. +85,000 expected and 180,000 in September

Change in manufacturing payrolls: -36,000 vs. -55,000 expected and -5,000 in September

Unemployment rate: 3.6% vs. 3.6% expected and +3.5% in September

Average hourly earnings month-on-month: +0.2% vs. +0.3% expected and 0.0% in September

Average hourly earnings year-on-year: +3.0% vs. +3.0% expected and 3.0% in September
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The rate of increase in non-farm jobs slowed considerably compared to the previous month, and the rate of loss in manufacturing accelerated significantly compared to the previous month. The unemployment rate ticked up just slightly, and hourly earnings didn't quite improve as much as expected (though they are beating September's rate of improvement). How is any of that not the kind of tepid growth that the OP is pointing out?
 
U.S. economy beats expectations in October

Would have been even better except for the GM strike. Dems' dreams of a recession may not come true.

[FONT=&quot]". . . “Manufacturing employment decreased by 36,000 in October,” the BLS said in its October report. “Within manufacturing, employment in motor vehicles and parts declined by 42,000, reflecting strike activity.”[/FONT]
[FONT=&quot]Consensus economists had anticipated, on net, a loss of 55,000 manufacturing payrolls, steepening sharply from a revised loss of 5,000 in September, as both the strike and ripple effect on GM’s suppliers was expected to cut into results.[/FONT]
[FONT=&quot]The BLS report comes on the heels of a private report from ADP/Moody’s Wednesday, which showed private payrolls rose by 125,000 in October, or 15,000 better-than-expected. Due to differences in methodology from the BLS establishment survey, the ADP report typically does not capture the impact of striking workers. . . ."[/FONT]
 
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MTAtech said:
WSJ: U.S. Growth Settles in at Low Gear in Third Quarter


Consumer spending growth offsets business investment decline in 1.9% GDP increase


By Harriet Torry


Updated Oct. 30, 2019 11:30 am ET

WASHINGTON—U.S. economic growth settled in at a lower gear in the third quarter, with consumer spending and housing investment increases offsetting a business investment drop.
Gross domestic product—the value of all goods and services produced in the U.S.—rose at an annual rate of 1.9% from July through September—adjusted for inflation and seasonality, the Commerce Department said Wednesday, compared with 2.0% in the second quarter.
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The last quarter's GDP was 1.9%. The 2019 average is 2-1/3% growth. Remember when a particular candidates said he'd have 4, 5 and 6% growth? He also ridiculed Obama's growth. His is no better.

Moreover, he said his tax-cuts would usher in business investment, which it failed to do.
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I can't read the article because of the paywall, so I'll ask you: Did the article say anything about Nancy holding back on ratification of the USMCA?
 
Phys251 said:
Ooooh it's article spam game! I like article spam game but I'm bored of it right now. :yawn: Care to play a different childish game than that? :)
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LOL. You're the one posting cartoons, not me.
 
Phys251 said:
I didn't know that you got to dictate what I can and cannot post here. :D
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Just pointing out the hypocrisy between what you just said to me and the fact that you post cartoons. If you want to post cartoons then post cartoons. It just proves that you have no other argument.
 
Moderate Right said:
As usual, you are being extremely dishonest. Compare the US to individual countries. China is huge with 6% growth (which is way down for them (down more than the US)), which skews the world average so you can use it for political propaganda as a cherry picked fact.
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Hmmm...well, according to this list:

List of countries by real GDP growth rate - Wikipedia

We're ranked 107 out of 193...which puts us in the bottom half of the list. The countries ahead of us do read like a "who's who" of economic powerhouses though. Some highlights include:

Libya
Rwanda
The Ivory Coast
Tajikistan
Mongolia
Djibouti
Nepal
Pakistan
Armenia
Poland
Romania
Bolivia
The Democratic Republic of Congo
Honduras
Guatemala

Just to name a few. There are countries on the list ahead of us that are currently involved in civil wars. Look, I think 2.7% growth (or whatever it really is right now) is just fine. However, you guys (and as I recall, you in particular) spent the Obama years insisting that such results are not fine at all. The irony should be obvious.
 
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