Bullshit
Goldman Sachs Boosts US Q2 GDP Growth Forecast to 2.4%
- Thread starter FastLane
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Why didn't you provide a link?Goldman Sachs Boosts US Q2 GDP Growth Forecast to 2.4%
Goldman Sachs has significantly revised its forecast for the US economy, raising its expectation for the second-quarter GDP growth rate from -0.3% to 2.4%. This upward revision places the projected growth rate above the average GDP growth rate observed since 2022. The adjustment reflects a more optimistic outlook on the economic conditions in the United States.
This revision by goldman sachs effectively rules out the possibility of a near-term recession. The firm expects that other financial institutions will follow suit and adjust their economic outlooks accordingly. The move by Goldman Sachs is part of a broader trend among US banks, which have been quietly raising their economic forecasts in recent times......
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OH NO! The naysayers may be wrong.
Why didn't you click the hyperlink in the OP? Are you that internet challenged?
I doubt you.
gfm7175
Mega MAGA
Not when it was stockpiled (purchased in advance).
Goods are still coming; just not as much as there was in Q1.
Wrong again.
There is no shortage of supply, and there is no change in demand, so there is no price increase.
Maybe the media will cause people to panic and maybe people will then rush to "hoard" stuff, and maybe there will be a "toilet paper crisis 2.0" or something for a bit as a result, but there is no real shortage of goods supply.
Continued fear mongering. Continued ignoring of Q1 imports even after acknowledging Q1 imports. Paradox.
gfm7175
Mega MAGA
Holy links are for non-thinkers.
What do you suppose will happen to imports in Q2 when imports skyrocketed during Q1 because purchases for Q1 AND Q2 were being made during Q1?? Hmmmmmm, idk..... seems to me if goods for Q1 AND Q2 were purchased during Q1, then those goods won't be purchased again during Q2, thus imports will naturally, as a result of the above, be way down..... just a hunch..........
Watch Trumps news conference.
gfm7175
Mega MAGA
@Truth Detector would be labeling this response of yours as "full moron mode".
The goods were ALREADY PURCHASED during Q1. How can there be shortages if the goods are ALREADY HERE?
Tbird19482
Verified User
What don't you understand?
The docks are being emptied and there aren't any where near as many ships coming in.
Don't you read the news?
Imports are going down and there will be shortages and prices will go up.
Just give it a little more time and the shit will really hit the fan.
Have to wait to see if Wells Fargo and JP Morgan also alter their forecast before celebrating too muchGoldman Sachs Boosts US Q2 GDP Growth Forecast to 2.4%
Goldman Sachs has significantly revised its forecast for the US economy, raising its expectation for the second-quarter GDP growth rate from -0.3% to 2.4%. This upward revision places the projected growth rate above the average GDP growth rate observed since 2022. The adjustment reflects a more optimistic outlook on the economic conditions in the United States.
This revision by goldman sachs effectively rules out the possibility of a near-term recession. The firm expects that other financial institutions will follow suit and adjust their economic outlooks accordingly. The move by Goldman Sachs is part of a broader trend among US banks, which have been quietly raising their economic forecasts in recent times......
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OH NO! The naysayers may be wrong.
Keep in mind Goldman Sachs forecasted over 3% for 2025 back in December, and with Trump’s tariff idiocy, revised it down, and now up again, just shows the unsettling nature of Trumponomics, it is this unpredictability that is hurting the economy
Wait a minute, like this one ^ celebrated or praised anything any Democrat President ever did, and I guarantee you he is cashing those Social Security checks and fully employing Medicare
gfm7175
Mega MAGA
Nothing. What don't YOU understand?
Right. When goods arrive at the docks, the goods need to get processed, unloaded, and then eventually sent AWAY from the docks.
Right. That's what happens when businesses choose to stock up on supplies in Q1 (before tariffs went into effect) so that they don't have to immediately re-stock after tariffs go into effect. --- Why is this happening? Because businesses are transitioning towards manufacturing their goods inside of the USA so as to avoid Trump's tariffs.
Yes. Don't you read the GDP reports?
Right. That's what naturally happens after businesses stockpile their supplies during Q1 so that they don't have to purchase them during Q2.
Nope. No shortages. The supplies ARE ALREADY HERE in advance.
Nope. There is no shortage of supply and/or increase in demand.
Continued fear mongering.
QP!
Verified User
Yes before a big hurricane hits an area, store shelves are often emptied of supplies. The devastation rides in its wake.
Companies have been scrambling to get goods in before the tariffs hurricane hits and the devastation, in its wake follows.
we can already see it in the next round of ships and containers, and job layoffs, as the tariffs set in.
Even Trumps key trade adviser is admitting it how bad it will get if they cannot get deals done fast. And even with deals done fast the next 3-6 months will still be screwed as the supply chain then tries to catch up and fix the damage Trump has done with his idiocy.
Companies have been scrambling to get goods in before the tariffs hurricane hits and the devastation, in its wake follows.
we can already see it in the next round of ships and containers, and job layoffs, as the tariffs set in.
Even Trumps key trade adviser is admitting it how bad it will get if they cannot get deals done fast. And even with deals done fast the next 3-6 months will still be screwed as the supply chain then tries to catch up and fix the damage Trump has done with his idiocy.
gfm7175
Mega MAGA
Poor anchovies................ can't think for himself.
Fear mongering.
The topline GDP figure was artificially low due to a massive increase in imports during Q1. The topline GDP figure will be much higher for Q2.
The GDP is not the economy.
The stock market is not the economy.
The economy is slowly improving as Trump's policies (and the adjustments that businesses are making regarding them) become increasingly implemented.
Tobytone
Verified User
Oh, Hawkeye, overflowing with tinfoil-hat conspiracy theories, convinced we’re all trudging through some grim Dark Age. Every shred of evidence a remotely grounded person would glance at screams we’re living in the golden era of human history, by a country mile, yet you’re over there scribbling manifestos by candlelight like a medieval monk with a grudge. Snap out of your delusional fog, ditch the doomsday Kool-Aid, and join the rest of us in reality.
I'd highly recommend a short read called:
It's even written by a liberal.
gfm7175
Mega MAGA
Yes. That's called smart preparation. That's also what businesses just did during Q1 as they work to transition their manufacturing (for the USA market) into the USA so as to avoid Trump's tariffs if those same goods were still manufactured outside of the USA. Again, smart preparation.
Yup. Hurricanes will still cause devastation regardless of how much one prepares for them.
Imports went through the roof during Q1 in preparation for transitioning into manufacturing their products WITHIN THE USA (and tariffs being N/A) instead of shipping them in from overseas (and being subject to tariffs).
Tariffs are not hurricanes.
You're seriously trying to tell me that you DIDN'T expect Q2 imports to drop drastically after seeing an uncharacteristically huuuuuge increase in imports during Q1?
The supplies ARE ALREADY HERE, dude....My point would be that a trade war which has become a de facto embargo, between the two largest trading partners on earth will have consequences... But those consequences might not be felt until Q3. So Q2 might be as high as 2.4%, but I think closer to 1%. Q3 will be a nightmare.
QP!
Verified User
Ports are already feeling the impact, saying ship staff, Port staff and truckers will all be laid off in the coming weeks and store shelves will increasingly move in the direction of Russian stores with less and less goods and more and more empty space.
So while Trump is pushing austerity and that kids do not as many toys and pencils i want everyone to remember the Magat outrage when ever the Biden admin would simply offer incentives to buy more energy efficient appliances and Magats screamed he was interfering in the free market and they wanted his gov't fingers out of their purchases.
So while Trump is pushing austerity and that kids do not as many toys and pencils i want everyone to remember the Magat outrage when ever the Biden admin would simply offer incentives to buy more energy efficient appliances and Magats screamed he was interfering in the free market and they wanted his gov't fingers out of their purchases.