Atlanta Fed Releases Latest 3rd Quarter GDP Estimate – a Whopping 4.6%!!

Atlanta Fed projects a 3rd Quarter GDP of 4.6%!

The Atlanta Fed released their projection for US GDP as of August 24th and the results are very good for Americans –

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the  third quarter of 2018 is 4.6 percent on August 24, up from 4.3 percent on August 16. After yesterday’s releases on new-home sales and costs from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth increased from -4.5 percent to -1.1  percent. After this morning’s advance durable manufacturing report from the Census Bureau, the nowcast of third-quarter real nonresidential equipment investment growth increased from 6.4 percent to 7.5 percent and the nowcast of the contribution of inventory investment to third-quarter real GDP growth increased from 1.92 percentage points to 2.03 percentage points.This calculation is supported by the latest GDP results for the 2nd Quarter of the year as well as the markets’ results.  The official GDP from the Fed in the 2nd Quarter exceeded 4% (4.1%).

The stock markets are also on fire.  On Friday the S&P 500, the Nasdaq and the Russell 2000 all reached record highs.  The DOW is up over 2,000 points since March, landing on one of its highest closes ever and the markets have much room to grow to catch up to the economy.

China not doing too well.

Over the past week, China's benchmark Shanghai Composite fell 12%, adding up to a 30% drop since the middle of June.

By stopping horendous trade deal as allowed by the Globalist elites Trump will do a great deal of good for the long suffering American people. Could lift the GDP growth levels closer to 10% - we shall see. Maybe some short term pain but stock gains to date have been enormous so there is wiggle room. Looks like China is battling and Trump could potentially put tariffs of 500 billion dollars on Chines imports - would be devastating. While China can only put tariffs on 150 billion of American goods. American economy at least twice the size of China

NAFTA renegotiations going well and that will further boost USA as will new deals with Canada and EU.

American has found a great leader.

Nope Vlag, it was Trump.

Appear dumbass KKK doesn't under stand percentages! Husssein never reached 3% GDP growth. The treasonous snake Hussein said the manufacturing jobs would never come back. Well close to 500,000 have been created under Trump. Under Globalist ruled America one third of of USA manufacturing was lost and 70,000 factories closed. What a turn around is being seen!!

What has helped this extraordinary growth under Trump deregulation and tax cuts. Small and medium sized busness were being strangled to death.

KKK is a very ignorant halfwit!