Great Again!: GDP 3%, Beats Estimates...

[Cellblock2429]

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

 

[Harpy Eagle]

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

 

[Dschrute3]

Aw come on, don't run with the herd and be a hater. This is good news for Americans.

It is good news for Americans, I just wonder what specific policies you think that Trump has put in place that makes you give him credit instead of just recognizing it is just part of a trend that started before Trump was elected.

Trump has been removing business killing regulations. The trend, before Trump was elected was that business was being tied up in innumerable regulations.

Trump administration cancels hundreds of Obama-era regulations

Most of the obama era regulations didn't actually do anything. They were requirements of hours of paper pushing and time consuming recordkeeping.
New Report Reveals the Number of Obama Regulations Trump Has Killed

Thank you for your reply. I am very grateful that Trump has done this, Obama was way to regulation happy for my taste. But considering this form your link..The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government's regulatory footprint. I am not really sure this had any effect on the GDP since these regulations were never put into place, just proposed. But I guess it is true that even the threat of a regulation could harm companies.

I chose one of really hundreds of links. Yes, the anticipation of knowing that hundreds more regulations was coming was enough to intimidate business into stupification.

Look it up and see how many times Trump has removed regulations that did nothing except document regulations.

You asked what specific policies did Trump enact that goosed the economy. I gave it to you.

Yes you did and I greatly appreciate it. While I do not give Trump as much credit as you do, I cannot argue with you on this one! We both agree that for the most part less regulation is a good thing

 

[Cellblock2429]

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

/—-/ Listen you little twirp, the numbers are crunched no matter who is president. And if it came in at a miserable 1% you bet your ass you’d be laying it off on Trump.,

 

[Dschrute3]

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

/—-/ Listen you little twirp, the numbers are crunched no matter who is president. And if it came in at a miserable 1% you bet your ass you’d be laying it off on Trump.,

Yup, Spot On.

 

[Harpy Eagle]

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

/—-/ Listen you little twirp, the numbers are crunched no matter who is president. And if it came in at a miserable 1% you bet your ass you’d be laying it off on Trump.,

While I doubt you would ever say an ill word about Trump, that is not really the point here. The point here is that you do not have enough data from Trump yet to make a valid comparison with 32 quarters of data that we have from Obama.

While the 3% growth was very nice, it is a single point of data and thus not enough data to make any sort of determination on.

Give it time.

 

[Cellblock2429]

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

/—-/ Listen you little twirp, the numbers are crunched no matter who is president. And if it came in at a miserable 1% you bet your ass you’d be laying it off on Trump.,

While I doubt you would ever say an ill word about Trump, that is not really the point here. The point here is that you do not have enough data from Trump yet to make a valid comparison with 32 quarters of data that we have from Obama.

While the 3% growth was very nice, it is a single point of data and thus not enough data to make any sort of determination on.

Give it time.

/---/ Fair enough. So how long do we wait? A year?

 

[PoliticalChic]

Since the last thread on this was closed I will have to address this in this thread...
View attachment 156840

Since it is clear that Cellblock is not a very bright person, I felt the need to help him out. The annual GDP growth is not derived from adding each quarter but by taking an average of each quarter.

Please do try and avoid any math post in the future.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

In which of Obama's 32 quarters did the economy reach or exceed 3% real GDP growth?


NONE.



Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion

a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt

b. ".... first president since Hoover to never have a single year above 3% GDP growth."Obama economy is 'amazing,' says hedge fund billionaire

 

[frigidweirdo]

Dang Trump, you doin it son!


First reading on third-quarter GDP up 3.0%, vs 2.5% rise expected

The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter, the Commerce Department said on Friday...

More:
US economy grows 3 percent in the third quarter on inventories, trade
DRUDGE REPORT 2017®

Yeah, pretend this is about Trump. Hahaha.

 

[Dschrute3]

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

/-----/ And I stand corrected. I neglected to divide the annual rate by 4.
The formula used by BEA to calculate the average annual growth is a variant of the compound interest formula:

where

GDPt is the level of activity in the later period;

GDP0 is the level of activity in the earlier period;

m is the periodicity of the data (for example, 1 for annual data, 4 for quarterly data, or 12 for monthly data); and

n is the number of periods between the earlier period and the later period(that is t-0).

I imagine that you have no clue what you just posted, but hey, it sure looks impressive!

/—-/ I understand the formula. Plug in the numbers and it shows Trupis kicking Obamanomics to the curb.

If you understood the formula you would know that Trump does not have enough data to compare the two yet.

/—-/ Listen you little twirp, the numbers are crunched no matter who is president. And if it came in at a miserable 1% you bet your ass you’d be laying it off on Trump.,

While I doubt you would ever say an ill word about Trump, that is not really the point here. The point here is that you do not have enough data from Trump yet to make a valid comparison with 32 quarters of data that we have from Obama.

While the 3% growth was very nice, it is a single point of data and thus not enough data to make any sort of determination on.

Give it time.

Uh huh, if it was 1% i'm pretty sure you would be here blaming Trump 100%. So you're being disingenuous. That poster was Spot On.

 

[Dschrute3]

Dang Trump, you doin it son!


First reading on third-quarter GDP up 3.0%, vs 2.5% rise expected

The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter, the Commerce Department said on Friday...

More:
US economy grows 3 percent in the third quarter on inventories, trade
DRUDGE REPORT 2017®

Yeah, pretend this is about Trump. Hahaha.

Yeah, pretend this isn't about Trump. Hahaha. Lay off the Democrat Fake News, kid.

 

[frigidweirdo]

Dang Trump, you doin it son!


First reading on third-quarter GDP up 3.0%, vs 2.5% rise expected

The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.

Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter, the Commerce Department said on Friday...

More:
US economy grows 3 percent in the third quarter on inventories, trade
DRUDGE REPORT 2017®

Yeah, pretend this is about Trump. Hahaha.

Yeah, pretend this isn't about Trump. Hahaha. Lay off the Democrat Fake News, kid.

No one on this planet has the power to suddenly make the economy just start growing, and in fact the economy has been growing in a more or less straight line for YEARS now.

 

[rightwinger]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

 

[Cellblock2429]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

 

[rightwinger]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

View attachment 157104

The Great Obama is outperforming Trump

And he was just a community organizer

 

[Cellblock2429]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

View attachment 157104

The Great Obama is outperforming Trump

And he was just a community organizer

/----/
Wilbur Ross: Trump has driven the stock market to $4 trillion in gains
https://www.cnbc.com/.../wilbur-ross-trump-has-driven-the-stock-market-to-4-trillion-...
Jun 19, 2017 - Trump unleashes $4 trillion in stock market gains since election, says Wilbur Ross ... "That's the whole package that President Trump was elected on, and ... tax rates but rely on erasing tax breaks and economic growth to end ...
"We're lowering taxes, we're cutting regulations, we're stimulating the workforce, helping to develop the workforce of the future, unleashing our energy resources and redoing our trade agreements," Ross said.

"That's the whole package that President Trump was elected on, and it's the whole package that's driven the stock market to $4 trillion of gains since the election."

 

[rightwinger]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

View attachment 157104

The Great Obama is outperforming Trump

And he was just a community organizer

/----/
Wilbur Ross: Trump has driven the stock market to $4 trillion in gains
https://www.cnbc.com/.../wilbur-ross-trump-has-driven-the-stock-market-to-4-trillion-...
Jun 19, 2017 - Trump unleashes $4 trillion in stock market gains since election, says Wilbur Ross ... "That's the whole package that President Trump was elected on, and ... tax rates but rely on erasing tax breaks and economic growth to end ...
"We're lowering taxes, we're cutting regulations, we're stimulating the workforce, helping to develop the workforce of the future, unleashing our energy resources and redoing our trade agreements," Ross said.

"That's the whole package that President Trump was elected on, and it's the whole package that's driven the stock market to $4 trillion of gains since the election."

Big deal

$55 trillion in wealth was added under The Great Obama

 

[Thinker101]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

View attachment 157104

The Great Obama is outperforming Trump

And he was just a community organizer

/----/
Wilbur Ross: Trump has driven the stock market to $4 trillion in gains
https://www.cnbc.com/.../wilbur-ross-trump-has-driven-the-stock-market-to-4-trillion-...
Jun 19, 2017 - Trump unleashes $4 trillion in stock market gains since election, says Wilbur Ross ... "That's the whole package that President Trump was elected on, and ... tax rates but rely on erasing tax breaks and economic growth to end ...
"We're lowering taxes, we're cutting regulations, we're stimulating the workforce, helping to develop the workforce of the future, unleashing our energy resources and redoing our trade agreements," Ross said.

"That's the whole package that President Trump was elected on, and it's the whole package that's driven the stock market to $4 trillion of gains since the election."

Big deal

$55 trillion in wealth was added under The Great Obama

I'm sure you have a link on that.

 

[Cellblock2429]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

View attachment 157104

The Great Obama is outperforming Trump

And he was just a community organizer

/----/
Wilbur Ross: Trump has driven the stock market to $4 trillion in gains
https://www.cnbc.com/.../wilbur-ross-trump-has-driven-the-stock-market-to-4-trillion-...
Jun 19, 2017 - Trump unleashes $4 trillion in stock market gains since election, says Wilbur Ross ... "That's the whole package that President Trump was elected on, and ... tax rates but rely on erasing tax breaks and economic growth to end ...
"We're lowering taxes, we're cutting regulations, we're stimulating the workforce, helping to develop the workforce of the future, unleashing our energy resources and redoing our trade agreements," Ross said.

"That's the whole package that President Trump was elected on, and it's the whole package that's driven the stock market to $4 trillion of gains since the election."

Big deal

$55 trillion in wealth was added under The Great Obama

/—-/ 4 trillion in 6 months will grow more in 8 years than 55 trillion.

 

[rightwinger]

Trump needs to beat 3 percent for four straight quarters

Why isn't he?

View attachment 157104

The Great Obama is outperforming Trump

And he was just a community organizer

/----/
Wilbur Ross: Trump has driven the stock market to $4 trillion in gains
https://www.cnbc.com/.../wilbur-ross-trump-has-driven-the-stock-market-to-4-trillion-...
Jun 19, 2017 - Trump unleashes $4 trillion in stock market gains since election, says Wilbur Ross ... "That's the whole package that President Trump was elected on, and ... tax rates but rely on erasing tax breaks and economic growth to end ...
"We're lowering taxes, we're cutting regulations, we're stimulating the workforce, helping to develop the workforce of the future, unleashing our energy resources and redoing our trade agreements," Ross said.

"That's the whole package that President Trump was elected on, and it's the whole package that's driven the stock market to $4 trillion of gains since the election."

Big deal

$55 trillion in wealth was added under The Great Obama

/—-/ 4 trillion in 6 months will grow more in 8 years than 55 trillion.

Good....let's keep it up