Dollar hits two-month high after third-quarter GDP tops estimates
NEW YORK (Reuters) - The U.S. dollar rose to a two-month high of 96.860 against a basket of major currencies in morning trading on Friday after U.S. headline third-quarter gross domestic product data exceeded estimates.
The U.S. economy slowed less than expected in the third quarter as the strongest consumer spending in nearly four years and a surge in inventory investment offset a tariff-related drop in soybean exports. GDP increased at a 3.5 percent annualized rate, the Commerce Department said on Friday in its first estimate.
The U.S. GDP has been above 3% for more than a year.
If he can keep this up and will smack the Repubs into some sense about legal pot, I’ll vote Trump in 20.
Not to mention a struggling stock market that has gone nowhere in 2018 and and exploding deficit during what is supposed to be a good economy. Oh, and slowing job growth. Yup, look that up. The US job growth has slowed each year under Trump (it increased all but 1 year under Obama).
Great job to Obama for starting the whole thing. It would be hard for a President to ruin the momentum that Obama created.
Not to mention a struggling stock market that has gone nowhere in 2018 and and exploding deficit during what is supposed to be a good economy. Oh, and slowing job growth. Yup, look that up. The US job growth has slowed each year under Trump (it increased all but 1 year under Obama).
Throw in a proposed election time 10% additional "middle class" tax cut that will really end up benefiting corporations and the 1% on top of the recent tax cut that blew up the deficit, and fiscally conservative Republicans will expand by trillions the already bloated deficit. The expansive impact to GDP will almost have to be consistently record setting and for extended time periods to cover loss of revenue. We all know the GOP plan is to make up for loss revenue with cuts to Medicaid, Medicare, and Social Security. I wonder how far John Maynard Keynes could defend this were he alive.
Not to mention a struggling stock market that has gone nowhere in 2018 and and exploding deficit during what is supposed to be a good economy. Oh, and slowing job growth. Yup, look that up. The US job growth has slowed each year under Trump (it increased all but 1 year under Obama).
President Trump got the unemployment rate down to the lowest level in 50 years.
The 3.7% unemployment rate is far below full employment and there are more jobs available than people willing to take them.
Obama jobs were part time and very low wage. Obama's unemployment numbers were falsified.
Obama added more to the national debt than all previous Presidents combined.
Sucks for the left who offer no economic policy proposals at all.
It was Obama who turned around the economy - fact. Deal with it.
How were employment rates false before? They are using the same metric. The above posts are correct, there is a slowing in investment post tax cut (no surprise), auto and home sales have slowed, and retail has spooked a bit. All isn’t as rosy as you make it mule. If the Dems really want to be rid of Trump they might be best served by losing the midterms and let the Repubs run with the ball till 20.
How were employment rates false before? They are using the same metric. The above posts are correct, there is a slowing in investment post tax cut (no surprise), auto and home sales have slowed, and retail has spooked a bit. All isn’t as rosy as you make it mule. If the Dems really want to be rid of Trump they might be best served by losing the midterms and let the Repubs run with the ball till 20.
Even the simple can easily know the Obama's administration's unemployment numbers were falsified.
Obama calmed that "on my administration's jobs website" everyone can see the great number of new jobs we are creating.
That site was a fraud. It claimed tens of thousands of jobs being created in zip codes that do not exist. Soon after it was proven that Obama was lying the website disappeared.
The Fed's jobs numbers are always compared to the ADP numbers and under the Obama administration there was a vast disparity which never happened before or after.
The drop in unemployment has been a steady trend for years. There was no big drop under Trump. If you look at a graph you will not be able to determine where the change in administrations occurred. But new job growth has slowed since Trump took over. That is a fact! Trump hasn't crashed the economy - yet - and for that I will give him some credit, but his taking credit for things that started 8 years ago is sad and pathetic. If the economy is so strong as you claim, and the deficit is soaring, how exactly do you see this ending up? Of course you are going to ignore this and somehow bring up debt under Obama who took over when the economy was a dumpster fire, but massive deficits under a good economy - please tell us how that is going to work out?
How were employment rates false before? They are using the same metric. The above posts are correct, there is a slowing in investment post tax cut (no surprise), auto and home sales have slowed, and retail has spooked a bit. All isn’t as rosy as you make it mule. If the Dems really want to be rid of Trump they might be best served by losing the midterms and let the Repubs run with the ball till 20.
Even the simple can easily know the Obama's administration's unemployment numbers were falsified.
Obama calmed that "on my administration's jobs website" everyone can see the great number of new jobs we are creating.
That site was a fraud. It claimed tens of thousands of jobs being created in zip codes that do not exist. Soon after it was proven that Obama was lying the website disappeared.The Fed's jobs numbers are always compared to the ADP numbers and under the Obama administration there was a vast disparity which never happened before or after.
Simple or not, you’ve got to look at the Bureau Of Labor stats and not only listen to rush limbaughs numbers. The job market grew for years before trump even took office. Simple enough?
The drop in unemployment has been a steady trend for years. There was no big drop under Trump. If you look at a graph you will not be able to determine where the change in administrations occurred. But new job growth has slowed since Trump took over. That is a fact! Trump hasn't crashed the economy - yet - and for that I will give him some credit, but his taking credit for things that started 8 years ago is sad and pathetic. If the economy is so strong as you claim, and the deficit is soaring, how exactly do you see this ending up? Of course you are going to ignore this and somehow bring up debt under Obama who took over when the economy was a dumpster fire, but massive deficits under a good economy - please tell us how that is going to work out?
The Obama jobs were heavily part times and very low wage.
Under President Trump the new jobs created are well above a living wage and higher and full time.
Put your Fake News down and read the professional journals where the details and analysis are concise and plentiful.
The drop in unemployment has been a steady trend for years. There was no big drop under Trump. If you look at a graph you will not be able to determine where the change in administrations occurred. But new job growth has slowed since Trump took over. That is a fact! Trump hasn't crashed the economy - yet - and for that I will give him some credit, but his taking credit for things that started 8 years ago is sad and pathetic. If the economy is so strong as you claim, and the deficit is soaring, how exactly do you see this ending up? Of course you are going to ignore this and somehow bring up debt under Obama who took over when the economy was a dumpster fire, but massive deficits under a good economy - please tell us how that is going to work out?
The Obama jobs were heavily part times and very low wage.
Under President Trump the new jobs created are well above a living wage and higher and full time.Put your Fake News down and read the professional journals where the details and analysis are concise and plentiful.
You can repeat that lie as much as you like, but it will never make it true. Wages have been growing at a steady rate since 2014. Are you giving Trump credit for the steady increase in wages as far back as 2014?
The drop in unemployment has been a steady trend for years. There was no big drop under Trump. If you look at a graph you will not be able to determine where the change in administrations occurred. But new job growth has slowed since Trump took over. That is a fact! Trump hasn't crashed the economy - yet - and for that I will give him some credit, but his taking credit for things that started 8 years ago is sad and pathetic. If the economy is so strong as you claim, and the deficit is soaring, how exactly do you see this ending up? Of course you are going to ignore this and somehow bring up debt under Obama who took over when the economy was a dumpster fire, but massive deficits under a good economy - please tell us how that is going to work out?
The Obama jobs were heavily part times and very low wage.
Under President Trump the new jobs created are well above a living wage and higher and full time.Put your Fake News down and read the professional journals where the details and analysis are concise and plentiful.
You can repeat that lie as much as you like, but it will never make it true. Wages have been growing at a steady rate since 2014. Are you giving Trump credit for the steady increase in wages as far back as 2014?
No, I am saying you are wrong... again.
The drop in unemployment has been a steady trend for years. There was no big drop under Trump. If you look at a graph you will not be able to determine where the change in administrations occurred. But new job growth has slowed since Trump took over. That is a fact! Trump hasn't crashed the economy - yet - and for that I will give him some credit, but his taking credit for things that started 8 years ago is sad and pathetic. If the economy is so strong as you claim, and the deficit is soaring, how exactly do you see this ending up? Of course you are going to ignore this and somehow bring up debt under Obama who took over when the economy was a dumpster fire, but massive deficits under a good economy - please tell us how that is going to work out?
The Obama jobs were heavily part times and very low wage.
Under President Trump the new jobs created are well above a living wage and higher and full time.Put your Fake News down and read the professional journals where the details and analysis are concise and plentiful.
You can repeat that lie as much as you like, but it will never make it true. Wages have been growing at a steady rate since 2014. Are you giving Trump credit for the steady increase in wages as far back as 2014?
No, I am saying you are wrong... again.
Prove it, with real data then. You can't
