the words from a major US financial firm

[stevenash]

The US economy is red hot. GDP growth is running at about 4% for both 2Q and 3Q. Final sales have been so strong companies have been unable to keep up with the demand, putting downward pressure on inventories. Despite an increasing scarcity of available workers, payroll employment growth has accelerated from an average of 182,000 last year to 208,000 this year

[77]

that obama did a great job didnt he!  LOL thats what they will say!

[Tigers2010]

2 hours ago, stevenash said:

The US economy is red hot. GDP growth is running at about 4% for both 2Q and 3Q. Final sales have been so strong companies have been unable to keep up with the demand, putting downward pressure on inventories. Despite an increasing scarcity of available workers, payroll employment growth has accelerated from an average of 182,000 last year to 208,000 this year

I had a Democrat tell me last week, this economy boom was Obama's doing. That was the first time I have actually heard that in person. It is usually posted on social media under anonymous names. I could not believe that somebody could actually say that outloud, without laughing or puking.

[stevenash]

Just remember that what Obama accomplished began at the depths of a very bad recession. In other words, he began at the bottom where the economy had nowhere to go but up ( keeping in mind that there has NEVER been a recession from which we did not recover) It wasn't the same for Trump.  GDP is the broadest measure in reflecting the health of the economy.

[Hagar]

11 hours ago, 77 said:

that obama did a great job didnt he!  LOL thats what they will say!

I see that bs on social media all the time.  TDS.  

[stevenash]

While we might make minor adjustments when we get Thursday's data on durable goods, international trade, and inventories, right now our model forecasts real GDP expanded at a 3.6% annual rate in Q3. If so, the real economy grew at a 3.1% pace in the past year, a roughly 50% acceleration from the 2.1% growth rate that defined the Plow Horse Economy from mid-2009 through early 2017. It's clear that cutting tax rates and slashing red tape have boosted economic growth. And there is room to run. We don't see a recession coming for at least the next two years, and potentially much longer.

[LumRaiderFan]

1 hour ago, stevenash said:

While we might make minor adjustments when we get Thursday's data on durable goods, international trade, and inventories, right now our model forecasts real GDP expanded at a 3.6% annual rate in Q3. If so, the real economy grew at a 3.1% pace in the past year, a roughly 50% acceleration from the 2.1% growth rate that defined the Plow Horse Economy from mid-2009 through early 2017. It's clear that cutting tax rates and slashing red tape have boosted economic growth. And there is room to run. We don't see a recession coming for at least the next two years, and potentially much longer.