FRB of Atlanta predicts just 1.8% GDP growth for Q3 2019

L

LV426

Verified User
A far, far cry from the "at least 3%" growth Conservatives promised if their shitty Russia Tax Cut passed.

US gross domestic product is estimated to grow 1.8% in the third quarter, according to the latest estimate released Thursday by the Federal Reserve Bank of Atlanta’s GDPNow forecasting model. GDP had risen 2.0% in the second quarter, according to the last official estimate by the US Bureau of Economic Analysis. GDP had risen 3.1% in the first quarter.
https://www.frbatlanta.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf

Q1: 3.1%
Q2: 2.0%
Q3: 1.8%

Sensing a pattern?
 
LV426 said:
A far, far cry from the "at least 3%" growth Conservatives promised if their shitty Russia Tax Cut passed.

US gross domestic product is estimated to grow 1.8% in the third quarter, according to the latest estimate released Thursday by the Federal Reserve Bank of Atlanta’s GDPNow forecasting model. GDP had risen 2.0% in the second quarter, according to the last official estimate by the US Bureau of Economic Analysis. GDP had risen 3.1% in the first quarter.
https://www.frbatlanta.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf

Q1: 3.1%
Q2: 2.0%
Q3: 1.8%

Sensing a pattern?
Click to expand...

Yea the pattern is your data is bull shit.

Here is what the BEA is saying.
gdp3q18_adv.jpg
https://www.bea.gov/news/2018/gross-domestic-product-3rd-quarter-2018-advance-estimate
 
Eagle-Eye said:
Yea the pattern is your data is bull shit.
Click to expand...

YOU ARE USING A CHART FROM 2018 YOU STUPID FUCK, MY NUMBERS ARE FROM 2019.

KILL YOURSELF.

Or just delete this account and create a new one, since that's probably what you'll do to escape responsibility for being fucking wrong as usual...
 
LV426 said:
A far, far cry from the "at least 3%" growth Conservatives promised if their shitty Russia Tax Cut passed.

US gross domestic product is estimated to grow 1.8% in the third quarter, according to the latest estimate released Thursday by the Federal Reserve Bank of Atlanta’s GDPNow forecasting model. GDP had risen 2.0% in the second quarter, according to the last official estimate by the US Bureau of Economic Analysis. GDP had risen 3.1% in the first quarter.
https://www.frbatlanta.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf

Q1: 3.1%
Q2: 2.0%
Q3: 1.8%

Sensing a pattern?
Click to expand...

Yeah, I am; they don't know WTF they are talking about, is "the pattern".


They've only been wrong 9 of the last 9 quarters....


GDP growth will be between 2-3%...which is IDEAL....
 
Grokmaster said:
Yeah, I am; they don't know WTF they are talking about, is "the pattern".
They've only been wrong 9 of the last 9 quarters....
GDP growth will be between 2-3%...which is IDEAL....
Click to expand...

What? Who has been wrong? You guys have been wrong. You're the ones who promised "at least 3% growth" if your shitty tax cut was passed.

Now you're moving the bar and saying 2-3% growth.

Well, GDP growth for Q3 is going to come in around 1.8%.

Where's the 3% growth you all promised back in December 2017? You remember, right? Y'all were saying we'd have 4%, 5% growth in no time. Where is it?
 
LV426 said:
YOU ARE USING A CHART FROM 2018 YOU STUPID FUCK, MY NUMBERS ARE FROM 2019.

KILL YOURSELF.

Or just delete this account and create a new one, since that's probably what you'll do to escape responsibility for being fucking wrong as usual...
Click to expand...
Ok this one says your FOS.
united-states-gdp-growth-annual@2x.jpg
 
LV426 said:
What? Who has been wrong? You guys have been wrong. You're the ones who promised "at least 3% growth" if your shitty tax cut was passed.

Now you're moving the bar and saying 2-3% growth.

Well, GDP growth for Q3 is going to come in around 1.8%.

Where's the 3% growth you all promised back in December 2017? You remember, right? Y'all were saying we'd have 4%, 5% growth in no time. Where is it?
Click to expand...

The Atlanta Fed is NOTORIOUSLY WRONG, even moreso than the CBO...which is hard to do.


IDEAL GROWTH is between 2-3%...steady...easily outpacing inflation, and steady wage growth...IOW..WHAT WE NOW HAVE.

It will CONTINUE.
 
Grokmaster said:
The Atlanta Fed is NOTORIOUSLY WRONG, even moreso than the CBO...which is hard to do.
Click to expand...


Crying about the refs isn't going to suddenly make your shitty tax cut not shitty anymore.

Where's the 3% growth you promised?


IDEAL GROWTH is between 2-3%
Click to expand...

You promised at least 3% growth.

This 2-3% is you moving the goalpost.

Next you'll be saying 1-2% is ideal growth when Q3 GDP comes in below 2%.
 
Grokmaster said:
The Atlanta Fed is NOTORIOUSLY WRONG, even moreso than the CBO...which is hard to do.
Click to expand...


Let's take a look at who has been wrong...

You all promised at least 3% growth if the tax cut was passed - actual growth for 2018 was just 2.5% and you haven't beaten Obama's best annual or quarterly growth records.

You all promised that the deficit would be reduced - but the deficit is back to $1T.

You all promised that everyone would see at least a $4,000 wage increase - yet wages have remained flat for most workers.

You all promised that the tax cuts would "pay for themselves" with increased economic activity - yet GDP growth is no better than it was during Obama's 2nd term.

You all promised that the tax cuts would create all these new jobs - yet 2018 saw the slowest pace of job growth since 2017, which was the slowest since 2011.

You all promised that the DJIA would reach new heights - yet the DJIA has grown less than 8% in 21 1/2 months, its worst growth since the Great Bush Conservative Recession.

You all promised that companies would bring back jobs - yet BMW, Carrier, Harley Davidson, and others have continued to outsource jobs.

Instead, you've lowered the bar for what is acceptable growth, and you'll lower it again when Q3 2019 GDP growth comes in below 2%.
 
LV426 said:
Let's take a look at who has been wrong...

You all promised at least 3% growth if the tax cut was passed - actual growth for 2018 was just 2.5% and you haven't beaten Obama's best annual or quarterly growth records.

You all promised that the deficit would be reduced - but the deficit is back to $1T.

You all promised that everyone would see at least a $4,000 wage increase - yet wages have remained flat for most workers.

You all promised that the tax cuts would "pay for themselves" with increased economic activity - yet GDP growth is no better than it was during Obama's 2nd term.

You all promised that the tax cuts would create all these new jobs - yet 2018 saw the slowest pace of job growth since 2017, which was the slowest since 2011.

You all promised that the DJIA would reach new heights - yet the DJIA has grown less than 8% in 21 1/2 months, its worst growth since the Great Bush Conservative Recession.

You all promised that companies would bring back jobs - yet BMW, Carrier, Harley Davidson, and others have continued to outsource jobs.

Instead, you've lowered the bar for what is acceptable growth, and you'll lower it again when Q3 2019 GDP growth comes in below 2%.
Click to expand...

Why do you care? You're a welfare case living in public housing. A nobody with no reason to be concerned.
You cannot refute the fact the the GDP is growing, you're crying about a few tenths of a percent difference
between projected numbers and factual numbers. How often are projected numbers for ANYTHING 100% accurate?
 
RB 60 said:
Why do you care? You're a welfare case living in public housing. A nobody with no reason to be concerned.
You cannot refute the fact the the GDP is growing, you're crying about a few tenths of a percent difference
between projected numbers and factual numbers. How often are projected numbers for ANYTHING 100% accurate?
Click to expand...

It's CHEERLEADING FOR BAD NEWS = TYPICAL LEFTIST BULLSHIT...
 
RB 60 said:
Why do you care? You're a welfare case living in public housing. A nobody with no reason to be concerned.
Click to expand...

First of all, you don't know shit about me, because unlike you, I don't lean on unverifiable personal anecdotes to lend artificial support or credibility to the bullshit I say. That's a you thing.

Secondly, just because you got taken for a ride by Conservatism does not entitle you to getting so mad at me that you spit through a half-assed response on a comment board.

Thirdly, if you admitted that you were taken for a ride by Conservatism, I might not hold it against you for the rest of your life...or at least as long as you post on these boards. But if you don't want to admit that, then be prepared for me to shit all over you, your judgment, your instincts, and your character.


You cannot refute the fact the the GDP is growing,
Click to expand...

Way to move that bar.

You all promised it would grow much faster than this.

So where's the 3% you promised?


you're crying about a few tenths of a percent difference
Click to expand...

Trump's growth rate right now is no better than Obama's second term. In fact, Trump trails Obama's second term in growth, market growth, and jobs created. You know what else? Trump will never beat Obama's marks.

Trump is a failure, Conservatism is a failure, and you're a failure.


between projected numbers and factual numbers.
Click to expand...

You all predicted at least 3% growth. Y'all were saying 4%, 5% was far more likely.

So what happened? How come you didn't hit any of your growth targets? How come you couldn't fulfill any of your promises?


How often are projected numbers for ANYTHING 100% accurate?
Click to expand...

Then why did you insist on them when trying to pass your shitty tax cut? You're saying that you deliberately faked and exaggerated predictions just to get the bill passed.

What a total fuckin' fraud.
 
LV426 said:
First of all, you don't know shit about me, because unlike you, I don't lean on unverifiable personal anecdotes to lend artificial support or credibility to the bullshit I say. That's a you thing.

Secondly, just because you got taken for a ride by Conservatism does not entitle you to getting so mad at me that you spit through a half-assed response on a comment board.

Thirdly, if you admitted that you were taken for a ride by Conservatism, I might not hold it against you for the rest of your life...or at least as long as you post on these boards. But if you don't want to admit that, then be prepared for me to shit all over you, your judgment, your instincts, and your character.




Way to move that bar.

You all promised it would grow much faster than this.

So where's the 3% you promised?




Trump's growth rate right now is no better than Obama's second term. In fact, Trump trails Obama's second term in growth, market growth, and jobs created. You know what else? Trump will never beat Obama's marks.

Trump is a failure, Conservatism is a failure, and you're a failure.




You all predicted at least 3% growth. Y'all were saying 4%, 5% was far more likely.

So what happened? How come you didn't hit any of your growth targets? How come you couldn't fulfill any of your promises?




Then why did you insist on them when trying to pass your shitty tax cut? You're saying that you deliberately faked and exaggerated predictions just to get the bill passed.

What a total fuckin' fraud.
Click to expand...



The US ECONOMY IS BOOMING...you're desperately trying to "CREATE A CRISIS", because that's what jackass leftists do.


If we stay between 2-3%, we are GOLDEN.
 
Grokmaster said:
It's CHEERLEADING FOR BAD NEWS = TYPICAL LEFTIST BULLSHIT...
Click to expand...

Of course he is. He hates the fact that our economy is good and unemployment numbers are the lowest they've been in 50 years. The radical leftists hate that, and wish for a depression.
Watch the economy take a major hit if a liberal is elected in 2020.
 
LV426 said:
A far, far cry from the "at least 3%" growth Conservatives promised if their shitty Russia Tax Cut passed.

US gross domestic product is estimated to grow 1.8% in the third quarter, according to the latest estimate released Thursday by the Federal Reserve Bank of Atlanta’s GDPNow forecasting model. GDP had risen 2.0% in the second quarter, according to the last official estimate by the US Bureau of Economic Analysis. GDP had risen 3.1% in the first quarter.
https://www.frbatlanta.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf

Q1: 3.1%
Q2: 2.0%
Q3: 1.8%

Sensing a pattern?
Click to expand...

Aren't you a climate alarmist?
 
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