March 5, 2019

THAT'S HOW TRUMPONOMICS WORKS:

Goldman Sachs: First quarter of 2019 is a "GDP pothole" (Dion Rabouin, 3/05/19, Axios)

The Atlanta Fed's GDPNow model is known for predicting GDP readings that start out exceedingly high and eventually recoil back to trend.

But Monday's reading shows expectations for just 0.3% growth in the first quarter of 2019. It followed a weak U.S. construction spending report that badly missed expectations.

Since the Tax Cut and Jobs Act was signed into law on Dec. 22, 2017, the metric has largely trended upward, but has fallen significantly since the beginning of the third quarter in 2018.

Donald is the only thing that can stop the American economy.

Posted by at March 5, 2019 4:41 PM

  

« THE TRUE VALUE OF THE WALL: | Main | IT'S ABOUT ISRAEL, NOT JUDAISM: »