https://www.thebalance.com/us-economic-outlook-3305669
"U.S. GDP growth will rise to 2.8 percent in 2018, 2.4 percent in 2019, and 2.0 percent in 2020. That's according to the most recent forecast released at the Federal Open Market Committee meeting on JUne 13, 2018. This estimate takes into account Trump's economic policies.
The unemployment rate will drop to 3.6 percent in 2018, and 3.5 percent in 2019 and 2020. That's lower than the Fed's 6.7 percent target. But former Federal Reserve Chair Janet Yellen admitted a lot of workers are part-time and would prefer full-time work."
thats called a recession
That's called a recession??
What definition are you using for recession?
and as can be documented the term recession has varying definitions and the gdp has substantial corrections depending on who is in the WH and how the msm's want to paint the picture
The definition anyone with brain would use.
to begin with those number are trump kook numbers . With this huge trade war under way with SEVERAL different nations and a very good chance that the Fed will be raising Interest rates at LEAST 2 more times in next 6 months (which will slow down the housing market big time) ... and a GDP dropping from 2.8 to 2.0.... the unemployment rate is not going to be 3.5 for ALL of 2019 and 2020
come on man
Recession is when the other guy is out of work. Depression is when you are out of work!
"What is a 'Recession' ... The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)
"People often say a recession is when the GDP growth rate is negative for two consecutive quarters or more."
But, yes, of course - I do see your point. It is just TERRIBLE that our president has screwed up and caused the economy to be so good that the Fed feels like it must raise interest rates!! WHAT WAS HE THINKING????
come on man
Removed 2 posts from individuals that made personal attacks on each other, using intentionally chosen verbiage and the other person's name to target each other.
WXdavid posted, " Fed will be raising Interest rates at LEAST 2 more times in next 6 months (which will slow down the housing market big time)"
I disagree. At this low interest rate when it looks like rates will climb many buyers who have been sitting on there hands waiting will come into the market to get the fixed 30 year loan that will be seen as a bargain down the road.
P.S we can't build them fast enough right now
Looks like i missed all the excitement.
The thing is - without higher interest rates we will see major problems with pensions - and pretty soon.
And, the only way to get higher interest rates is to get the economy going again.
We had better hope Donald Trump's policies are successful. The alternative is to be like Bill Maher.
PS - I thought those GDP growth numbers looked pretty good, considering the problems that must be solved with China.