Content originally published at iBankCoin.com
Remember when critics lambasted Trump for daring to forecast 3%+ GDP growth?
Yeah, those people just got eternally beatdown.
Second quarter GDP was revised up to 3%. The only thing the left could do is peddle out Warren Buffett, a person who has never said a bad thing about the US economy ever, to say ‘it doesn’t feel like a 3% economy.’
Here’s Warren telling America that it ‘feels’ like a 2% economy. Moreover, he tries to convince people into accepting such anemic growth as not only acceptable, but exemplary. Bear in mind, 2% growth doesn’t keep up with inflation, which is now clocking in at 2.6%.
Here’s Warren Buffett talking down the 3% GDP revision, trying to convince America that 2% GDP is the best thing since sliced bread. http://pic.twitter.com/RTqrFNlNYO
— The_Real_Fly (@The_Real_Fly) September 1, 2017
Fucking really?
If Warren thinks this ‘doesn’t feel’ like a 3% economy, I wonder what he’ll say when if it registers in at 4%? According to today’s ISM data, that’s exactly where it might be heading.
Source: CNBC
President Donald Trump’s hopes for growth as high as 4 percent may come true, if only for one quarter.
 
An economic report released Friday morning, and overshadowed by the higher-profile nonfarm payrolls number, actually points to GDP gains in excess of 4 percent in the third quarter, said Andrew Hunter, U.S. economist at Capital Economics, as the firm showed in this chart:
 
The ISM data came in at 58.8, the highest reading since 2011. It even caught the evergreen bear, Rick Santelli off guard this morning.
via http://ift.tt/2vRb9ac The_Real_Fly