GDP +4.1 ... Real Wages Zero
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Started by joj - Aug. 6, 2018, 6:31 a.m.

The MSM has been reporting every Trump / Paul Ryan Tweet about GDP growth.  But they don't report that real wages are flat.  Corporate profits are doing great as are stock buybacks.   Paul Ryan tweeted that GDP growth is the best since 2014.   Woohoo!  As in, the 6th year of Obama's administration.

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By TimNew - Aug. 6, 2018, 7:17 a.m.
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Real wages are up 2.7% Y/Y which, while not impressive, is outpacing inflation for the same period.   As the labor market tightens, these #'s will very likely  increase. I would not be surprised to see much stronger #'s before year end.  Unfortunately, wage growth has been nearly flat for over a decade, which is typical of the most sluggish recovery in the history of economics.


As far as Obama and GDP,   he is the 1st president to never have an annual GDP in excess of 3%.   We'll see if that holds true for Trump. As he is barely halfway through his 2nd year,  it's really too soon to tell.