Atlanta Federal Reserve Bank Predicts 5.4% gdp growth for Q1 2018

Discussion in 'Latest US & World News' started by AFM, Feb 4, 2018.

  1. AFM

    AFM Well-Known Member Past Donor

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    Trump's supply side economic policies are just getting started. Can he break the Reagan record of ~ 7% gdp growth in one year?

    https://www.frbatlanta.org/cqer/research/gdpnow.aspx
     
  2. GoogleMurrayBookchin

    GoogleMurrayBookchin Banned

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    yay, economic growth that i won't see a penny of because wages have been stagnating for well over a decade.

    great job ****ers, you grew the economy
     
    Last edited: Feb 4, 2018
  3. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

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    I have to ask. Is GNP growth always good? Anything over 5% is going to have an economy doubling in size in just 20 years. Is that much growth an unalloyed good?
     
    Last edited: Feb 4, 2018
  4. Dutch

    Dutch Well-Known Member Past Donor

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    Is it not what tax cuts are based upon, growth?

    And the math here is not linear - 5% GDP growth does not equate 100% economy growth over 20 years.
     
  5. Ronstar

    Ronstar Well-Known Member Past Donor

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    GDP cannot be fudged.

    we will know in April what 1st Quarter GDP was.

    It will not exceed even 4%.
     
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  6. AFM

    AFM Well-Known Member Past Donor

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    Do a little homework on how wages are now increasing.
     
  7. AFM

    AFM Well-Known Member Past Donor

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    Yes, it is always good.
     
  8. AFM

    AFM Well-Known Member Past Donor

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    Is that the prediction of the Ronstar Federal Reserve ?? Or just sour grapes from the party of goodness.
     
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  9. AFM

    AFM Well-Known Member Past Donor

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    Yes, at 5% real growth the economy will be ~ 3X what it is today in 20 years.
     
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  10. Ronstar

    Ronstar Well-Known Member Past Donor

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    lets talk about it in April, when we know what 1st Quarter GDP was.

    i predict it will not exceed 4%
     
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  11. GreenBayMatters

    GreenBayMatters Well-Known Member Past Donor

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    Actually, you won't. In April you will get a preliminary number. Revisions will follow in May and June.
     
  12. Aleksander Ulyanov

    Aleksander Ulyanov Well-Known Member

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    Interesting. Could you explain why that is so? I would appreciate that. Thank you.
     
  13. Ronstar

    Ronstar Well-Known Member Past Donor

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    when the last time Quarterly GDP reached 5%?
     
  14. PT78

    PT78 Banned

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    Oh, this nonsense again.

    Look...how the heck can the Atlanta Fed know how the economy will do during the ENTIRE 1'st quarter of 2018...when the first quarter is not even half over?

    The GDPNow bases it's estimates AS THE DATA COMES IN.

    Right now, almost no data is in, but what there was, is how they came up with this early number.


    THIS NUMBER IS NOT THE FINAL ESTIMATE FROM THE GDPNow...this is a VERY preliminary one.

    Every, single month this happens...the early estimate comes out usually either WAY above or WAY below the final number.

    Sheesh people...think.
     
    Last edited: Feb 4, 2018
  15. notme

    notme Well-Known Member

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    The GOP gave credit to Trump for going forth with Obama's economic plans.... that's how desperate they are to seek success. As for the GDP growth.... you know what also is growing? The fracking deficit. No doubt some democratic president gets the blame for that one when (s)he is solving that at the expense of something.
     
  16. Dutch

    Dutch Well-Known Member Past Donor

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    I’ll take it :applause:
     
  17. AFM

    AFM Well-Known Member Past Donor

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    Based on what ??
     
  18. AFM

    AFM Well-Known Member Past Donor

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    (1.05)**20
     
  19. AFM

    AFM Well-Known Member Past Donor

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    Read the article from one of the Federal Reserve Banks. The data is coming in. Corporations are acting now on the reduced regulatory cost burden and the reduced corporate tax rate as well as the increased consumer confidence and discretionary income.
     
  20. AFM

    AFM Well-Known Member Past Donor

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    That's completely absurd. The economy started to grow at double the rate of productivity gdp compared to the Obama economy one quarter after Trump was elected. The annual deficit is dependent on tax revenue and gov spending. Growing the economy will increase tax revenues and reduce spending as more people go back to work. What do the D's do - claim that low skilled illegal and legal immigrants help American citizens. More absurdity.
     
  21. PT78

    PT78 Banned

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    I am fully aware of the GDPNow and have followed it for years. You obviously have not.

    It bases it's estimates on data as IT COMES IN.

    From the GDPNow website:

    'As more monthly source data becomes available, the GDPNow forecast for a particular quarter evolves and generally becomes more accurate.'

    https://www.frbatlanta.org/cqer/research/gdpnow.aspx



    The vast, VAST majority of the data that the GDPNow will base it's final estimate on is not yet available.

    This 5.4% estimate is ONLY based on the VERY limited data that is available at this time.


    True or False...the vast majority of the data that the GDPNow bases it's final estimate on is not yet available?

    True or False?
     
    Last edited: Feb 4, 2018
  22. AFM

    AFM Well-Known Member Past Donor

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    There is no need for estimation when all the data is in. The Atlanta Federal Reserve Bank is predicting 5.4 growth in Q1 2018.
     
  23. PT78

    PT78 Banned

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    From the GDPNow website:

    'As more monthly source data becomes available, the GDPNow forecast for a particular quarter evolves and generally becomes more accurate.'

    https://www.frbatlanta.org/cqer/research/gdpnow.aspx



    I will ask you again:

    True or False...the vast majority of the data that the GDPNow bases it's final estimate on is not yet available?

    True or False?
     
    Last edited: Feb 4, 2018
  24. One Mind

    One Mind Well-Known Member Past Donor

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    Depends upon which sector most of the growth is in. If manufacturing, yes, good. If in retail, no if the good sold are made in slave labor overseas or mexico. Not bad, but not good, I should have said. Given most of these retailers don't pay even lower middle class wages in general.
     
  25. GoogleMurrayBookchin

    GoogleMurrayBookchin Banned

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    i'll stop calling for revolution when the minimum wage exceeds 20 dollars
     
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