The Finance 202: The Trump economy may seem strong. But not that strong.
By Tory Newmyer
July 27 at 7:58 AM
President Trump is already touting what’s likely to be an eye-popping second-quarter economic growth number, due out from the Bureau of Economic Analysis at 8:30 a.m.
But economists caution it should come with an all-caps disclaimer.
The president wasn’t dwelling on nuance when he talked up the GDP figure at a Thursday night rally in Granite City, Ill. “You'll have very big numbers announced tomorrow. I don't know what they are. A lot of big predictions,” he said. “Whatever those numbers are, watch for them. Somebody predicted today 5.3. I don't think that's going to happen, 5.3. If it has the 4 in front of it, we're happy. If it has like a 3, but it's a, a 3.8, 3.9, 3.7, we're okay, but these are unthinkable numbers. If I would have used these numbers during the campaign, the fake news back there would have said, 'He's exaggerating.'”
more:
http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2018/07/27/the-finance-202-the-trump-economy-may-seem-strong-but-not-that-strong/5b59f4f81b326b1e64695572/?utm_term=.027b84bb1c4f
DO SOMETHING!
| 