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Booming Economy: New York Fed
GDP Reading Hits 3.9 Percent

Breitbart, by John Carney

Original Article

Posted By:Drive, 12/2/2017 7:12:17 PM

The New York Federal Reserve’s tool for forecasting gross domestic product (GDP) hit its highest point ever on Friday, pointing to a fourth-quarter GDP growth of 3.93 percent. The number is so high that the New York Fed’s “Nowcasting Report” had to be rescaled to allow for such a high reading. Prior to the most recent quarter, the Nowcast has never before predicted GDP above 3.2 percent and rarely ever above 3 percent. The Nowcast uses the most recent economic figures to try to get a real-time reading of economic output. It is updated weekly. Last week’s number was pushed up by

      


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Reply 1 - Posted by: Grampstosix, 12/2/2017 7:36:55 PM     (No. 11468958)

Good news for everyone except those on the left.

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Reply 2 - Posted by: Nevadadad46, 12/2/2017 7:48:24 PM     (No. 11468964)

Win, win, win! MAGA on the roll. Go Trump!

Democrats are stomping holes in the ground they are so pi55´d. They can not stand the fact that this Country is on the mend after all the damage they did to her. Anyone who votes for a Democrat ever should be sent to a mental hospital.

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Reply 3 - Posted by: tnorling, 12/2/2017 8:25:37 PM     (No. 11468984)

They are not democrats or liberals who oppose the Republicans. They are socialists and/or communists. That is fine if you believe those horrid philosophies. Just admit it for Chrissakes. Which will never happen because... because?

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Reply 4 - Posted by: dvc, 12/2/2017 9:22:30 PM     (No. 11469029)

Take the Marxist horror show out of the government and it springs back everytime.

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Reply 5 - Posted by: geoguy, 12/2/2017 10:40:50 PM     (No. 11469075)

I´ve been watching the various economists on the morning and evening business shows and the vast majority have said that the the best we can hope for is 2.5 to 3.0% GDP annual growth even if we get tax breaks... all except Arthur Laffer. I thought those jokers were idiots. Common sense and history would tell you differently. It looks like common sense isn´t so common.

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Reply 6 - Posted by: Lucky5, 12/3/2017 12:48:13 AM     (No. 11469113)

And yet Drudge has a Gallup poll up that says
62% disapprove of the job he is doing. They called on the phone 1500 people. Were they all in NY and California? Who is even answering these polls?

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