I remember when the 7.2% growth prediction came out, many people said it was overblown. In fact, it turns out to be, well, underblown. Will the tax cuts get credit? Yeah. Wait for it.
Posted by Karol at 08:59 PM
8.2 IS THE BEST QUARTER SINCE 1984. I WONDER WHO WAS PRESIDENT AT THE TIME.
Good uppercut to follow the right hook.
One good quarter is nothing to get too excited about. The issue is whether the expansion will continue to grow fast enough to lower the unemployment rate. That is unclear right now.
The only problem with such strong numbers is that the Fed will want to raise interest rates, & soon.
We should have another good employment # next week as well, judging by the weekly data.
I think deficit spending is going to get the credit for this stellar growth (The ugly step-child to lower taxes). Let’s not forget about what happened the last time Reaganomics were applied. EEECCHGAG….Clinton..
As DTDT points out, high growth is only good if everything else is in decent shape. Bush Snr had to tackle the deficit after the previous experiment with what he termed “voodoo economics”. He took the rap for his former bosses mistakes.
Is this news about the quarter so good that you no longer feel the need to blog?
I mean geez. post something why dontcha.
…or employ some guest bloggers !
I’m sorry! I had major computer issues yesterday. Sheesh.
And P.S the call for guest bloggers is always out there.