New York Fed Sees U.S. Economy Growing 3.2% in Fourth Quarter…

All leading economic forecasters said it would be impossible for President Trump’s MAGAnomic plans to generate 3% GDP growth in the first year.  President Obama said it was impossible and Trump would need a “magic wand, or something“.

Well, three months after taking office (April-June), it was Quarter 2, and the U.S. GDP began growing over three percent.  Again in Quarter 3 (July-Sept), the same benchmark was exceeded. And now Q4 (Oct-Dec) the New York Fed says, yes, GDP growth is 3.2%.

NEW YORK (Reuters) – The New York Federal Reserve on Friday kept its view on U.S. gross domestic product growth for the fourth quarter near 3.2 percent given the dearth of economic data this week. (link)

Remember, these are forecasts within the current quarter.  CTH is specifically predicting the actual result will be much, much higher. With consumer confidence at the highest rate ever recorded (link); combined with MAGAnomics pushing down the cost of living and increasing disposable income (link); combined with wages rising (link); combined with early indicators that consumer spending this holiday season will be the biggest ever (link) and (link) and (link)….

Hold on to your economic britches peeps – throw dem ju-ju bones out the windows – grab hold of the young-un’s, squeeze em tight and introduce them to their first opportunity to see capitalism unchained; we are in uncharted MAGA territory now.  Q4 will be well beyond 3.2%…  Well Beyond.

Believe Me.

Bigly.

 

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This entry was posted in Donald Trump, Economy, energy, Magical Thinking, media bias, President Trump, Taxes, Trade Deal, Uncategorized. Bookmark the permalink.

129 Responses to New York Fed Sees U.S. Economy Growing 3.2% in Fourth Quarter…

  1. Right Mover says:

    B-but his decorum! And he tweets too much! And muh un-Presidential!

    Liked by 24 people

  2. amwick says:

    3.2? Ah, come on… I want to see a 4 or, dare I dream, a 5? Winning!

    Liked by 13 people

  3. Pam says:

    Yes, lets aim much much higher! 😀

    Liked by 7 people

  4. Deplorable Saint says:

    Keep it coming. As a retiree I need the extra income. No stopping the Trump Train. MAGA.

    Liked by 11 people

  5. Maquis says:

    I think our esteemed host has indicated that 4.4% would suffice to put the entire year over the predicted 3% when averaged. That includes the twenty days of Zero Growth in January.

    Fingers crossed, prayers enroute, December spending planned.

    MAGAAAA!!!!

    Liked by 23 people

  6. Dan Patterson says:

    Agreed with everyone’s optimism and positive statements.
    The growth will be derailed if the eGOP has it’s way.
    STOP the Swamp!

    Liked by 5 people

  7. sundance says:

    “The impossible is simply the starting point” ~ Donald J Trump

    Liked by 48 people

  8. rsanchez1990 says:

    You know what Arthur C. Clarke said, “any sufficiently competent man is indistinguishable from magic”

    …or something. 😉

    Liked by 19 people

    • amwick says:

      close….. close enough!! 🙂

      Liked by 5 people

    • Founding Fathers Fan says:

      Arthur C. Clarke’s three laws:
      1. When a distinguished but elderly scientist states that something is possible, he is almost certainly right. When he states that something is impossible, he is very probably wrong.
      2. The only way of discovering the limits of the possible is to venture a little way past them into the impossible.
      3. Any sufficiently advanced technology is indistinguishable from magic.

      Liked by 10 people

  9. Oldschool says:

    Shhhhhh, don’t tell the media.

    Liked by 7 people

  10. Covfefe-USA says:

    L’il Barry our FUBAR’d ex-POTUS would “need a magic wand or something”, but not His Excellency….H’uuummm, L’il Barry??

    Liked by 5 people

  11. georgiafl says:

    President Trump has joined military might and economic might to MAGA on the world stage.

    Series on this:

    Liked by 13 people

  12. KittyKat says:

    Somewhere I read Bill Mitchell predicting that the last two years especially of President Trump’s first term will explode hugely with growth.

    Liked by 9 people

  13. Deborah @UnTamedInSD says:

    MERRY MAGA CHRISTMAS!

    Liked by 27 people

  14. Trumpstumper says:

    NPR was blubbering thru salty tears this evening that the uptick in the economy wouldn’t PAY FOR THE TAX CUTS!!! And would be shortlived at best. Oh and Drumpft was pissing off the Chinese and they would just GO ON WITHOUT US!!! *sob*

    Pour me anudda cuppa covfefe, lol.

    Liked by 22 people

  15. TheWanderingStar says:

    Sundance, with all this positive data, any way you can make obama appear smaller?

    Liked by 12 people

  16. Gil says:

    July 2016: Laffer expounding under W and Obummer, “When you have bad policies expect bad results”
    The economy is going to skyrocket under Trump…..

    Liked by 13 people

  17. tax2much says:

    In the Obama years, economic news was always “UNEXPECTED” and every forecast was later lowered when no one was watching.

    In the Trump years, the economic news will be “UNPRECEDENTED” with forecasts being revised UPWARD.

    Unfortunately, the press will ignore and report that homelessness is on the rise and little puppies and children are hit the hardest.

    Liked by 15 people

  18. webgirlpdx says:

    “..grab hold of the young-un’s, squeeze em tight and introduce them to their first opportunity to see capitalism unchained; we are in uncharted MAGA territory now….”

    I laughed so hard because its so true. Sundance, you’re the best.

    Liked by 18 people

  19. FL_GUY says:

    As we leave the long lived Obama Depression, I feel this song is appropriate:
    Happy Days are Here Again!

    Liked by 3 people

    • USA loves Melania says:

      Liked by 9 people

      • backwoodsgirl123 says:

        I’ll tell you something funny that just made me laugh myself silly!

        A Toujeo commercial came on while ! was playing that music (I had the TV muted) and the guy was dancing in tune with the music!!!

        I’m not kidding you! From the time he was beebopping at his computer and beebopping across the office and on outside, he was right in tune with that video.

        Liked by 4 people

  20. fleporeblog says:

    The Atlanta Federal Reserve currently has the 4th Quarter forecasted at 3.3%.

    https://www.frbatlanta.org/cqer/research/gdpnow.aspx

    The Economic Train left the station on January 20, 2017! It had been sitting idle for the previous 8 years. Now that it is rolling across our country, it will not be stopped. There is absolutely nothing that the Democrats, Rhinos, MSM, CoC, Big Club, Barry from Kenya, Globalists etc. can do to slow it down.

    Our President predicted that by the end of his first year in office, he would have our annual GDP at 3%. People absolutely laughed about his prediction. They aren’t laughing anymore! It will take an alignment of the stars for the annual GDP to hit 3% but it is doable. Here’s why:

    1st Quarter (Jan 1 – March 31) – Our final GDP was a miserable 1.2% since Barry was still in office for 20 days and our President began to implement his Energy Dominance and kill regulations.

    2nd Quarter (April 1 – May 31) – Our final GDP was 3.1%.

    3rd Quarter (June 1 – September 30) – Initial release had GDP at 3.0%. Please keep in mind that the initial 1st Quarter was 0.8% before going up to 1.2% and the initial 2nd Quarter started at 2.8% before going up to 3.1%. I anticipate the final GDP for the 3rd Quarter to be 3.3%.

    That would mean the following:

    1.2 + 3.1 + 3.3 + 4.4 = 3% GDP FOR 2017!

    That is asking for a lot but keep in mind that the Hurricanes that hit Texas and Florida cost the 3rd Quarter 0.8%. As construction begins in those areas, we could see the 4th Quarter propelled. Just the fact that I am writing this means our President has done an AMAZING job in hist first year!

    He is ABSOLUTELY MAGA!

    Liked by 16 people

  21. emet says:

    Apparently when the wand is waved one way it creates growth, and the other way it creats jobs. It has always been in the Whitehouse. Obama in fact once briefly picked it up thinking it was a bong

    Liked by 5 people

  22. 804hokie says:

    This is what Winning looks like! Too bad, Congress isn’t doing their part and passing the legislation to make the economic climate even better. MAGA

    Liked by 6 people

    • litlbit2 says:

      I think Congress is doing fabulous! Just like the eight great years of Obama/DNC/GOPe.
      Making the elections of 2018 the biggest shock to ever hit Washington in years!

      The movement will drain the swamp, lock up many and continue exposing all connected through 2024! They not only loose billions but their lives will be completely destroyed by their stupidity. Just like the unstoppable MAGA Trump Train, Karma is building a head of steam. America is back.

      Gonna a be a Merry Christmas! Keep looking up!

      Liked by 6 people

  23. indiamaria2020 says:

    See that Patriots. Stick close to Trump’s contrails. With our support, his ability to helpus oly grows. After all, we hired him…….”Don’t Worry, Be Happy” ! 🎵

    Liked by 6 people

  24. alliwantissometruth says:

    “With consumer confidence at the highest rate ever recorded (link); combined with MAGAnomics pushing down the cost of living and increasing disposable income (link); combined with wages rising”

    Interpretation for the democrat voter…

    “President Trump has made it cheaper for you to buy the stuff you need to live, like food, booze & drugs, and also means you’ll have more cash in your pockets to spend on frivolous stuff like protest signs, pussy hats & ANTIFA gear. For the few of you who actually work, your wages will be rising as well, which will even give you more money for drugs & maybe a new rug down in your moms basement”

    Liked by 2 people

    • jmclever says:

      Obama created the need for basement dwellers when he destroyed the economy. Their parents,knowing that there were very few jobs out there, were left no choice but to acquiesce. Once the jobs are created the Gen X and Baby Boomer parents will kick their entitled Millenials out of the nest knowing that the resources for them to succeed are out there.

      Like

  25. georgiafl says:

    “Uncle Trump” – Chinese fans call our President.

    Whole thread: https://tttthreads.com/thread/929128490582007808

    Priceless!

    Liked by 6 people

    • thluckyone says:

      georgiafl, by the Grace of Almighty God – and by the direction & tireless efforts of god-Emperor President Donald J.Trump – America will be deservedly first. HOWEVER, if the Chinese will just work with him, our beloved Lion will ensure FAIR TRADE between us. In President Trump’s business deals, EVERYBODY wins!

      In that spirit – even if America IS first – the Ruler of the known physical universe (our beloved Lion) could very well wind up being THE BEST THING ever to happen for the future of the children of China (and Japan and the USA and Hungary and…. and….).

      LOL! The Chinese, therefore, could get so tired of winning, they’ll cry out: “ENOUGH, Mr. President! We’re winning so much, we’re going to have to give up being sneaky and dishonest!” “Uncle Trump!” (they’ll exclaim) “It’s too much winning! We’re winning so much, we’re going to have to give up communism!”

      And Uncle Trump will tell them: NO! We’re going to ALL keep on winning until you have to re-order your whole, incredible nation! We’re ALL going to keep on winning until you unleash the TRUE capability of your millions and millions of amazing people by giving them JUSTICE and FREEDOM and the rule of un-corrupted law!

      “And we’re going to win together with Japan! And we’re going to win together with Vietnam! And were going to win together with India! And we’re going to win together with Russia!” “And you’re gonna know that I really do love you and I really do want the best for your young people, your middle-age people, your old-people and WE ARE ALL GONNA KEEP ON WINNING!” (sigh, I just love it when he says that.)

      Thanks for getting me started, georgiafl. Don’t know that I’ll live to see it but dreams are easier in this day and time…

      MAKE THE WHOLE WORLD GREAT AGAIN!!

      Liked by 1 person

  26. Stock market booming, GDP moving over 3%, consumer confidence soaring; bankruptcies declining..all since President Trump took office. Great news is coming out deals made for America and Asia during this historic trip by our administration. And now a word from Brett Boor standing right in China, what’s new Brrett? “Well nothing much here, but a 14 year-old got kissed by a senator 30 years ago, and another Hollywod actor jumped into a jacuzzi with a teenager in 1985.”

    Liked by 4 people

  27. Orygun says:

    Congress is being handsomely paid by the global lobbyists to do the job they are doing which is nothing. They drop by every once in awhile so we can vote for them and then they go back to their kingdoms in DC.

    Liked by 4 people

  28. Peter says:

    AND WE are about to lose the Supreme Court because of a hit piece from the Washington Post about something icky that happened before the 1980s

    the GOP is soooo weak and dumb.

    Like

  29. blakeney says:

    The Atlanta Fed’s, which is usually the “go to” fed, latest estimate/projection is 3.3%. It had been 4.5% a little over a week ago. It bounces around a lot. Don’t set the bar for the 4th qtr to high.

    Liked by 1 person

  30. Gadsden says:

    I have a bad feeling that the GOP will scuttle tax reform just to sabotage Trump.

    Liked by 5 people

  31. When I think of what President Trump could get done if the Congress and Media was with him. Rather than against him. I get mad, then sad.

    Liked by 8 people

  32. YvonneMarie says:

    Hip Hip Huray! Ditto that 5 times👑

    Like

  33. joninmd22 says:

    Untaught lessons from the past.

    Liked by 2 people

  34. auntiefran413 says:

    Trump’s “magic wand, or something” seems to be working magnificently! MAGa

    Liked by 4 people

  35. In Az says:

    I want to slap the Marxists who say Mubarak Sotero from Kenya is responsible for the economic growth…….yet they never say what Ozero did to cause the growth.

    Liked by 3 people

  36. jameswlee2014 says:

    MAGAnomics is good. I think Donaldnomics is better.

    Liked by 2 people

  37. BillRiser says:

    Presidents by G.D.P. Note the little man in the photo is the smallest since WWII

    Liked by 3 people

    • BillRiser says:

      Richard Nixon started the EPA by an Executive order in 1970 as a sop to the anti-Vietnam war left — not because he thought an EPA was needed. That created a monster of Regulations for each Administration to control the Economy and restrict the worlds largest economy. God bless PDJT because he know this little known fact.

      Liked by 4 people

  38. TreeClimber says:

    I can say, from personal experience, that consumer confidence is going up. Wednesday our always-dead Dillard’s was booming, to the point I didn’t have a chance to breathe for two straight hours and was forgetting a number I could recite in my sleep. Today we were still busy, so instead of standing around bored for 5.5 hours (the first/last half hour I’m opening/closing registers,) I was actually helping people, making money. It was not even the weekend… I get that today was observed Veteran’s Day, but Wednesday was not…. I’m finally making my impossible-to-meet quotas, because people are daring to come out and buy. Of course there will always be the bargain hunters, too, but more and more customers are buying non-sale items, as well.

    Liked by 9 people

  39. If the GOPe could get off their fat lobbyist paid for backsides and dismantle Obamacare and pass tax relief for middle-income Americans and small businesses, the growth would be off the charts!

    Liked by 3 people

  40. H&HC, 2nd-16th says:

    And, the President is doing it all by himself. 4HB’s statement above is spot on.
    The next phase:
    Job 1 is purging the bad apples in the FBI and DOJ.
    Job 2 should be defeating the Rino’s.
    Job 3 is defeating the Dems.
    The media will become irrelevant and change on their own because nobody will be there to pay their bills.

    Liked by 4 people

  41. rsanchez1990 says:

    And you know, this seems more magical *because* the damn fake news media won’t talk about it. It’s like, where did all this GDP growth come from?? Eight years from now there will probably still be headlines like, “The dark cloud of Russia investigations still hangs over President Trump’s two terms,” completely ignoring the economy even if we reach a year with 10% GDP growth (which would really be magical).

    Liked by 1 person

  42. carnan43 says:

    Can you imagine what it could be if the Marxists holdovers, the never Trumpers, and Paulie and Mitchie were sent packing? The all are working hard to make the Damocrats come back into power.

    Like

  43. Donna in Oregon says:

    Back when Okey Dokey admin. was in power I learned the importance of the U6 for Unemployment.
    Here is the U6 under President Trump for Oct. 2017

    For October 2017 the official Current U-6 unemployment rate was down drastically from 8.6% in August to 8.0% in September to 7.6% in October. So it has fallen a full 1% in only two months! And it was 8.9% in July and June. Typically unemployment peaks in January and then again in July so we may be seeing some of the typical cyclical fluctuations but a drop of more than a full percentage point from July to October is still an exceptional move.

    ** Note: If you want to happy you can read the whole page. It’s nice 🙂

    https://unemploymentdata.com/current-u6-unemployment-rate/

    Like

  44. A huge surge in GDP and all I hear is silence from all the news outlets.
    CNBC.com advertises to be a business news outlet, but I see NO mention of the GDP surge in today’s posted videos.
    https://www.cnbc.com/latest-video/
    Disgraceful.

    Like

  45. Just imagine if Congress gave Trump a $800Billion like they gave to dummieObie.
    Trump would be pouring concrete 24X7.
    GDP would go through the roof.

    Like

  46. Traditionally, the two major tools for managing an economy are
    1) monetary policy (Central Bank rates and Open Market Operations)
    2) Fiscal Policy (Congressional legislation crafted to assist growth)

    Item 1) is no in neutral, soon going into reverse.
    Item 2) is in neutral, no intention of changing, or helping the White House.

    Which leaves the “elephant in the Living Room” the only thing expanding this economy:
    3) White House Policy by Pres Donald J. Trump.

    Maybe past Presidents drove the economy merely by EOs, phone calls and meeting with powerful people. But I don’t remember when.

    You go Sir.

    Like

  47. Grandma Covfefe says:

    I can’t take credit for this-I believe this was from a Treeper so I can’t take credit for this. I thought it very clever and so true…. here it goes….

    Recession is when your neighbor loses his job.
    Depression is when you loses your job.
    Recovery is when Obama loses his job.

    Liked by 1 person

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