Almost too much winning… almost, but I think we can take it. The New York federal reserve has raised their anticipated fourth quarter GDP growth forecast to 3.8%. That’s only a week after previously raising it to 3.2%.
The Stock Market closes again at yet another all time high today:
Yup, as widely anticipated, the impact from Trump’s MAGAnomic policies are creating a massive upward dynamic on the Main Street economy. The increase in consumer confidence; the recent increases in wages; the increase in disposable income as an outcome of lowered energy costs and downward prices on high consumables (fuel, food, etc.); the increases in housing starts; the reductions in imported durables; the expansion of exports in energy products and agriculture, and the expanding domestic investment, are all factors in expanding the GDP.
The NY Fed have revised their projection upward to 3.8%, and THAT’S BEFORE they get a first analysis on holiday spending (due out the end of the month); and well before they can quantify the November and December retail sales results which account for two-thirds of GDP math. So don’t be surprised, as we shared on their last revision, if you see that GDP growth number go much higher.
Oh, the winning…. squeeze the kids. REMEMBER:
…”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%3.8%… Well Beyond.”…