Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

rzemanfl

(29,571 posts)
Fri Jul 27, 2018, 10:19 PM Jul 2018

About the GDP. These numbers come from people. People who might worry about being fired

on Twitter. People who might worry about their pensions, insurance, paying their kid's tuition, the mortgage, car payment, etc. Nothing from this government is trustworthy anymore. Fear is a motivator, probably more of one than professionalism or pride. That's all I have to say. Now I am going to try to sleep in Trumpist Dumbfuckistan.

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
About the GDP. These numbers come from people. People who might worry about being fired (Original Post) rzemanfl Jul 2018 OP
From what I heard on the radio today, approx 1% of GDP this past quarter was attributed RockRaven Jul 2018 #1
I've seen that and don't deny this is a factor. rzemanfl Jul 2018 #3
The investment firm that manages our retirement accounts sent out an email pnwmom Jul 2018 #2
An honest government would have said that. rzemanfl Jul 2018 #4

RockRaven

(15,019 posts)
1. From what I heard on the radio today, approx 1% of GDP this past quarter was attributed
Fri Jul 27, 2018, 11:00 PM
Jul 2018

to (very transiently) increased export numbers due to parties placing orders/making payments in advance of anticipated tariffs from Trump's trade war. It was a bookkeeping gimmick on the part of the buyers who would have bought the same amount of whatever in any given time period, but just committed early to their next order to lock in the pre-tariff price.

Which means all those sales were merely accelerated in time from next quarter's numbers to this quarter's numbers. And that means next quarter's numbers will lack those revenues. Anticipate the other shoe to drop in a few months.

pnwmom

(109,000 posts)
2. The investment firm that manages our retirement accounts sent out an email
Fri Jul 27, 2018, 11:03 PM
Jul 2018

warning that this quarter's growth might come at the expense of growth in the rest of the year.

It's just a mirage.

Latest Discussions»General Discussion»About the GDP. These num...