THIS IS TERRIBLE.....

F

FastLane

Verified User

FOR DEMOCRATS​

​

U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit​


The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday.

Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April through June period, according to figures adjusted for seasonality and inflation.

That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter that came largely due to a huge drop in imports, which subtract from the total, as well as weak consumer spending amid tariff concerns.

Financial markets reacted little to the report, with stock index futures mixed and Treasury yields higher.

“The word of the summer for the economy is ‘resilient,’” said Heather Long, chief economist at Navy Federal Credit Union. “The consumer is hanging in there, but still on edge until the trade deals are done.”

The period reported Wednesday includes President Donald Trump’s April 2 “liberation day” tariff announcement. Imports had jumped in the first quarter as companies sought to get ahead of the announcement.

Over the past three months, Trump has been engaged in multiple rounds of saber-rattling and often intense negotiations with U.S. trading partners that have jangled nerves but nonetheless coincided with a subdued but solid pace of economic growth.

The talks have largely resulted in tariffs well above where they were at the beginning of the year but not as severe as initially proposed.

Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period. While exports declined 1.8% during the period, imports fell 30.3%, reversing a 37.9% surge in Q1......

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How could such a terrible thing happen. A GDP increase is terrible news for those that said we would be in recession by now. How could this possibly happen? Tbird's head is going to explode.

:yayaseesathreadban:
 
FastLane said:
An increasing GDP is going to hurt the Dems in the 2026 midterms.
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Only if Trump can get past this Epstein thing. So far he's not done well on that. He looks like a five year old with a cookie hidden behind his back and chocolate stains on his face telling his parent he doesn't know what happened to the cookies.
 
Damocles said:
Only if Trump can get past this Epstein thing. So far he's not done well on that. He looks like a five year old with a cookie hidden behind his back and chocolate stains on his face telling his parent he doesn't know what happened to the cookies.
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I'll admit it has been handled badly but I think part of it is he wants the news cycle to be focused on the BBB and Trade deals not a jerk like Epstein that has been dead for years. If there are real victims they should come forward and expose their abusers.
 
FastLane said:
I'll admit it has been handled badly but I think part of it is he wants the news cycle to be focused on the BBB and Trade deals not a jerk like Epstein that has been dead for years. If there are real victims they should come forward and expose their abusers.
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So far the Prince is the only one I've seen taken to task in any way.
 
Damocles said:
So far the Prince is the only one I've seen taken to task in any way.
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Yes that is all I have seen I would not be surprised to find out Bill Gates has spent a lot of money on silence. If that is true I'm not worried about the victims that took money for silence. Now if there are people that want to name names and have some proof. I want to hear from them.
 
FastLane said:

FOR DEMOCRATS​

​

U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit​


The U.S. economy grew at a much stronger-than-expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday.

Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April through June period, according to figures adjusted for seasonality and inflation.

That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter that came largely due to a huge drop in imports, which subtract from the total, as well as weak consumer spending amid tariff concerns.

Financial markets reacted little to the report, with stock index futures mixed and Treasury yields higher.

“The word of the summer for the economy is ‘resilient,’” said Heather Long, chief economist at Navy Federal Credit Union. “The consumer is hanging in there, but still on edge until the trade deals are done.”

The period reported Wednesday includes President Donald Trump’s April 2 “liberation day” tariff announcement. Imports had jumped in the first quarter as companies sought to get ahead of the announcement.

Over the past three months, Trump has been engaged in multiple rounds of saber-rattling and often intense negotiations with U.S. trading partners that have jangled nerves but nonetheless coincided with a subdued but solid pace of economic growth.

The talks have largely resulted in tariffs well above where they were at the beginning of the year but not as severe as initially proposed.

Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period. While exports declined 1.8% during the period, imports fell 30.3%, reversing a 37.9% surge in Q1......

============================================

How could such a terrible thing happen. A GDP increase is terrible news for those that said we would be in recession by now. How could this possibly happen? Tbird's head is going to explode.

:yayaseesathreadban:
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Just remember the BBB hasn't kicked in yet and only a few of Trumps tariffs are in place. We have to wait and see if Trump does a flip flop on his tariffs or if he actually does put them on then see what happens.
Right now isn't the time to be cheering, now if this was the third or fourth quarter and it was this high then I would even cheer but we aren't there yet and have to wait an see what Trump does.
 
Tbird19482 said:
Just remember the BBB hasn't kicked in yet and only a few of Trumps tariffs are in place. We have to wait and see if Trump does a flip flop on his tariffs or if he actually does put them on then see what happens.
Right now isn't the time to be cheering, now if this was the third or fourth quarter and it was this high then I would even cheer but we aren't there yet and have to wait an see what Trump does.
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So wait.... Don't have to cheer... but you could clap a little...;)
 
Tbird19482 said:
Just remember the BBB hasn't kicked in yet and only a few of Trumps tariffs are in place. We have to wait and see if Trump does a flip flop on his tariffs or if he actually does put them on then see what happens.
Right now isn't the time to be cheering, now if this was the third or fourth quarter and it was this high then I would even cheer but we aren't there yet and have to wait an see what Trump does.
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Just remember the BBB and tariffs are coming and business are already positioning themselves and the GDP is going up. :unsure:
 
Damocles said:
Only if Trump can get past this Epstein thing. So far he's not done well on that. He looks like a five year old with a cookie hidden behind his back and chocolate stains on his face telling his parent he doesn't know what happened to the cookies.
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Nonsense.

The issue that matters is the treason by Obama and his thugs with the attempted coup.
 

Latest GDP report is "hiding the economy's true performance"​

Consumer spending, which powers about 70% of the US economy, picked up sharply in the second quarter to a 1.4% rate, up from the anemic 0.5% in the first quarter. But, combined with the previous data, it marks the two slowest quarters of spending since the pandemic.


Meanwhile, businesses slowed their spending sharply during the same period, to 1.9% from 10.3%, mostly reflecting a recalibration from the front-running earlier in the year.


And a key gauge of underlying demand in the economy — real final sales to private domestic purchasers, also referred to as “core GDP” — slowed in the second quarter to an annualized rate of 1.2%, the weakest pace since the fourth quarter of 2022, down from 1.9% earlier in the year.


“Headline numbers are hiding the economy’s true performance, which is slowing as tariffs take a bite out of activity,” Kathy Bostjancic, chief economist at Nationwide, said in commentary issued Wednesday.

 
Trumpet said:

Latest GDP report is "hiding the economy's true performance"​

Consumer spending, which powers about 70% of the US economy, picked up sharply in the second quarter to a 1.4% rate, up from the anemic 0.5% in the first quarter. But, combined with the previous data, it marks the two slowest quarters of spending since the pandemic.


Meanwhile, businesses slowed their spending sharply during the same period, to 1.9% from 10.3%, mostly reflecting a recalibration from the front-running earlier in the year.


And a key gauge of underlying demand in the economy — real final sales to private domestic purchasers, also referred to as “core GDP” — slowed in the second quarter to an annualized rate of 1.2%, the weakest pace since the fourth quarter of 2022, down from 1.9% earlier in the year.


“Headline numbers are hiding the economy’s true performance, which is slowing as tariffs take a bite out of activity,” Kathy Bostjancic, chief economist at Nationwide, said in commentary issued Wednesday.

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Oh look CNN is trying to throw shade on a 3% GDP...good luck with that. :rofl2:
 
FastLane said:
Just remember the BBB and tariffs are coming and business are already positioning themselves and the GDP is going up. :unsure:
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NO you are cheering it going up in the second quarter and Trump didn't pass the BBB till in the 3rf Q and still hasn't decided if he will put his huge tariffs on.
We will have to wait till the end of the year to see if they do any damage or not .
And if there is good news like this then you can cheer .
That is all I am saying.
 
TOP said:
Things are fine... Today I'm shopping for back to school things (so many sales)...and American Eagle jeans... (always my favorite, anyway...;))
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Things are better than fine! Construction and home improvement projects everywhere...far more than the usual summer work! It's like everyone is trying to catch up after the economic depression during the Biden/Obama years.

Some big plants are building in the US again too.
 
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