Come on — what the fuck sort of tomfoolery this this? When China reports their +6.8% GDP every quarter, it’s always met with hard eye rolls — because no one believes their central planned numbers. Now with Trump being able to tout a very impressive +4.1% GDP number, which is likely a one off event, he’s upping the ante and talking greasy now — saying we can go ‘much higher’ and that +5% is a small number. He thinks we’re gonna grow at 6,7,8, fucking 10% GDP.
.@POTUS on GDP growth: "I think we can go much higher in the 5's." pic.twitter.com/IP9IW2KzQe
— FOX Business (@FoxBusiness) August 8, 2018
I’ll tell you want — we grow more than +5% GDP and I’ll throw myself into a lit fireplace.
Mark this post: We will never grow at +5%. Ever.
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Rates would really take off then.
If inventories had just been flat in Q2, we’d have had 5%.
Douse yourself in kerosene, should of been more specific because our nominal YoY growth rate is above 5 already. https://fred.stlouisfed.org/graph/?g=kNUX
and yet the debt/gdp ratio is atrocious…
Getting that darn GDP up is a hell of a start to remedy the situation.
Sure thing… Gartman.