. This is a decrease from 4.2% in the June quarter but a bit above expectations.There are at least three major unknowns that will impact the U.S. economy going forward.
How much of the economy’s increase is due to tax cuts? And could they be a sugar rush that will wear off? The resulting yearly Federal deficit to $1 trillion could have significant negative long-term consequences. As of Friday morning, the S&P 500 is up 23% since Trump was elected but has fallen 9% over the past three months and is now down about 1% for the year. While earnings have increased about 20% this year, driven by the corporate tax cuts, concerns about lower earnings growth next year, tariff wars and increased interest rates have put the stock market on a roller coaster.
👍
This article was written in October of 2018, WTF
Why is this two years old?
yes please direct us to something recent
Why is this from 2018⁉️
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uncertainty, 'Brain Drain' Plague USDA's Economic Research Service After Trump Administration Relocates Agency, Experts QuitWhen the Trump administration relocated the USDA's Economic Research Service to the Kansas City area, about two-thirds of its employees quit. That has stimulated a “brain drain” that “directly or indirectly effects” everyone in the U.S, one expert says. obviously not a grammar expert Yet IT tech companies are opening offices in Canada. This has nothing to do with a relocation. People follow jobs. Leftists are dumb
Source: NPR - 🏆 96. / 63 Read more »
Trump budget: US deficit would continue past 2nd term - Business InsiderTrump promised to eliminate the deficit within 8 years. It would take until 2035 under his new budget proposal. Yes, but he said his promise wouldn’t start until 2027! Mexico will pay for the budget deficit This could be a stroke of genius. Maybe an 80/20 taxes/spending cuts with Dems, with the taxes coming from a surcharge on the gillionaires?
Source: BusinessInsider - 🏆 729. / 51 Read more »
There are Democrats that can win 2020 election, billionaire Trump-ally Tom Barrack saysTrump's former inaugural committee chairman sees Joe Biden and Michael Bloomberg as formidable contenders for the White House. LOL, deluded Over 60 years of American decline and wealth gap increases the rich and powerful still feel the need to guide the struggling blue collar backbone! Your voice is heard on deaf ears! Results matters Disagree the only one with a chance (Bloomberg) wrong policies and late in the game.
Source: CNBC - 🏆 12. / 72 Read more »
The Democrats risk having no clear nominee to challenge Donald TrumpPete Buttigieg narrows the gap with Bernie Sanders in New Hampshire, as Joe Biden flails Can we never start in Iowa again? Please! Liberals compete for participation ribbons Life is filled with risks. How about an article about how dumb Trump and his supporters are? The NYTimes missed out on this chance by burying the lede in this article:
Source: TheEconomist - 🏆 6. / 92 Read more »
President Trump calls for Pete Rose to be inducted into the Baseball Hall of FameThe president tweeted support for the former slugger, who had been banned from baseball since 1989. Of course Donald did.... Pete Rose, who is trying to get re-instated, probably doesn't need the kind of mobster help Trump projects. Pete has met Trump’s cheating prerequisite.
Source: Newsweek - 🏆 468. / 52 Read more »
Manchin: Trump needs 'to act like a responsible adult, and he's not'Manchin’s retort followed three straight days of attacks by the president on Twitter. Naw he is at best a 12 year old with issues🤡🤡🤡 He's not capable of being an adult or acting like a grown-up. Asking for this is just wasted breath. Our child-in-chief is what he is....an 8 year old.
Source: politico - 🏆 381. / 59 Read more »