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America making progress toward greatness....

FollowTheWay

FollowTheWay

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Calminian said:
A lot of good news coming out. Just six months in to the Trump Presidency and you can see it. And this is with virtually no help from Congress and the other Republicans who were supposed to be "better choices" for President.

GREAT AGAIN: Mining, Construction, Manufacturing BOOM...

Food Stamp Use Lowest in 7 Years...

POTUS TRUMP Ends Obama Extortion of Harley Davidson

Court stunner! Girl must use girls locker room
Click to expand...
What a bogus headline. Somehow they neglected to mention that real estate/rental went DOWN by twice as much as mining went up (-40%). My takeaway from this chart is on balance the economy went down because of a sharp drop in real estate but there was a bright spot in mining which has been way down due to commodities going down.
Also: "Among other industries that declined during the quarter, according to the BEA data, were agriculture, forestry, fishing and hunting (-39.8%); utilities (-6.4%); retail trade (-3.6%); and arts, entertainment, recreation, accommodation, and food services (-0.9%)."

So they didn't even put on the chart that agriculture also went DOWN 40%, utilities DOWN 9% and retail DOWN 3.6%."

Boom: Mining +21.6% in Q1; Construction +5.6%; Manufacturing +4.7%; Bust: Finance and Insurance -2.1%
 
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Lewis

Lewis

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FollowTheWay said:
What a bogus headline. Somehow they neglected to mention that real estate/rental went DOWN by twice as much as mining went up (-40%).
Click to expand...
It's only a one page article, and they do show those real estate/rental numbers right there in the chart.
 
777

777

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The Q1 GDP is still kind of anemic but it's still double what was predicted:

GDP Grew Just 0.7 Percent In First Quarter Of 2017

much of this can't be credited nor blamed on Trump, it's too early to tell. About the specific sectors, I have heard "farming, fishing and hunting" took the big because of decreased immigration but that doesn't explain the increase in construction. Not disturbed at all by the decrease in insurance and finance, K Street has had its day in the sun but don't like the retail numbers - that's a tell that the economy is still sluggish.
 
FollowTheWay

FollowTheWay

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Lewis said:
Mining +21.6% in Q1; Construction +5.6%; Manufacturing +4.7%; Bust: Finance and Insurance -2.1%
None of that is a lie
Click to expand...
Somehow they neglected to mention that real estate/rental went DOWN by twice as much as mining went up (-40%). My takeaway from this chart is on balance the economy went down because of a sharp drop in real estate but there was a bright spot in mining which has been way down due to commodities going down.
Also: "Among other industries that declined during the quarter, according to the BEA data, were agriculture, forestry, fishing and hunting (-39.8%); utilities (-6.4%); retail trade (-3.6%); and arts, entertainment, recreation, accommodation, and food services (-0.9%)."

So they didn't even put on the chart that agriculture also went DOWN 40%, utilities DOWN 9% and retail DOWN 3.6%."
 
777

777

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Do you NOT even know how to read a graph?:

https://www.bea.gov/newsreleases/industry/gdpindustry/2017/pdf/gdpind117.pdf

For the real estate and rental and leasing industry group, real value added—a measure of an industry’s contribution to GDP—increased 2.7 percent in the first quarter, after increasing 0.9 percent in the fourth quarter. This was the twelfth consecutive quarter of growth and primarily reflected increases in housing, as well as rental and leasing services and lessors of intangible assets
Click to expand...

Overall, real gross output increased in 15 of 22 industry groups.

The percentages of the sectors is going to fluctuate and will always total 100. Sheesh.
 
HankD

HankD

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777 said:
Do you NOT even know how to read a graph?:
.
Click to expand...
Some only see that which supports the progressive left POV.

Not saying it's anyone's problem here but for some posters here at the BB the evidence is abundant.

HankD
 
FollowTheWay

FollowTheWay

Well-Known Member
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777 said:
Do you NOT even know how to read a graph?:

https://www.bea.gov/newsreleases/industry/gdpindustry/2017/pdf/gdpind117.pdf



Overall, real gross output increased in 15 of 22 industry groups.

The percentages of the sectors is going to fluctuate and will always total 100. Sheesh.
Click to expand...
I won't accept your insults. You have no idea who I am and what I've done. Give it up. I'm not into trading insults because I have the ability to understand and deal with facts.

IMF slashes U.S. growth forecasts for 2017 and 2018

The IMF on Sunday lowered its economic growth forecasts for the United States to 2.1% for this year and the next, down from the 2.3% for 2017 and 2.5% for 2018 that it had predicted in April.

That's a far cry from the 4% growth President Trump promised on the campaign trail, and significantly lower than the 3% growth he has targeted since assuming office.

The global financial institution cited the "uncertainty" over the Trump administration's policies as the main reason for the downgrade.
 
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Lewis

Lewis

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FollowTheWay said:
Somehow they neglected to mention that real estate/rental went DOWN by twice as much as mining went up (-40%).
Click to expand...

I think the gist of the article was to point up how mining is indeed making a modest comeback with the change in administrations and the reversal of many Obama era regulations.

FollowTheWay said:
The IMF on Sunday lowered its economic growth forecasts for the United States to 2.1% for this year and the next, down from the 2.3% for 2017 and 2.5% for 2018 that it had predicted in April.
Click to expand...

Bear in mind that some have said of IMF forecasts - "Much taxpayer money can be saved if the monetary fund's staff was replaced with dart-throwing chimps." - Zerohedge
 
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