Happy Friday! Making the click-through worthwhile: some spectacular new economic numbers are unveiled, while polling shows Democrats believe the economy is getting worse; Facebook crashes on the rocks; and North Korea shows another small sign of good faith.
Enjoy the Trump-Era Economic Boom!
The U.S Department of Commerce unveiled some really good economic numbers this morning: "[The U.S.] gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber."
The question is, how much of this nice figure stems from a one-time burst from a "get-exports-in-before-the-tariffs-start" mentality? "In addition to the rise in consumer and business spending, increases in exports and government spending also helped. Exports rose in part as farmers rushed to get soybeans to China ahead of expected retaliatory tariffs to take effect in the coming days. Declines in private inventory investment and residential fixed investment were the main ...
| | | July 27 2018 | | | | |
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| | | Jim Geraghty Happy Friday! Making the click-through worthwhile: some spectacular new economic numbers are unveiled, while polling shows Democrats believe the economy is getting worse; Facebook crashes on the rocks; and North Korea shows another small sign of good faith. Enjoy the Trump-Era Economic Boom! The U.S Department of Commerce unveiled some really good economic numbers this morning: "[The U.S.] gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber." The question is, how much of this nice figure stems from a one-time burst from a "get-exports-in-before-the-tariffs-start" mentality? "In addition to the rise in consumer and business spending, increases in exports and government spending also helped. Exports rose in part as farmers rushed to get soybeans to China ahead of expected retaliatory tariffs to take effect in the coming days. Declines in private inventory investment and residential fixed investment were the main ... Read More | | | | | | | Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser. | |
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