US Second quarter GDP growth was best in four years at an annualized 4.1%

US second quarter grew at 4.1% but GDP failed to meet some of forecasters’ loftiest targets.

Above are the components of Q2 GDP growth

Real GDP 4.1 percent in the second quarter and the first quarter was adjusted to 2.2%. If growth continues at 3.0 percent the next two quarters, then real GDP growth will indeed make it to 3.1% for all of 2018.

Barclays had expected 5 percent growth but the drag in inventories and the revision to first-quarter growth subtracted from the second quarter number.

34 thoughts on “US Second quarter GDP growth was best in four years at an annualized 4.1%”

  1. One quarter of growth does not a long term growing economy makes. During a boom cause by speculation there is the illusion of growth. But sooner or later the bubble bursts and we get a deep recession or even worst a depression. The 4%+ GDP growth isn’t good, it is a warning.

    Reply
  2. And the Republican pass a $15 trillion tax cut. Smart. Democratic Socialist would save money by implementing Medicare for All”” which would half the cost of health care. They would growth the economy by providing free college education for all. A college education would increase the productivity of everyone. Most of the richest countries in the world provide Universal Health Care and Free College Education. These are solutions that work.”””

    Reply
  3. It is a pity that all rich countries provide a strong social safety net and are in ways socialist. And it is poor countries that are capitalist in that they provide very few services for their people.

    Reply
  4. One quarter of growth does not a long term growing economy makes. During a boom cause by speculation there is the illusion of growth. But sooner or later the bubble bursts and we get a deep recession or even worst a depression. The 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}+ GDP growth isn’t good it is a warning.

    Reply
  5. US debt in April to Jun 2017 was 19800 $T Us Debt in April 2018 was 21195$T A GROWTH OF MORE THAN 7% IN A YEAR!! Who was President of the US between Jun 2017 and Jun 2018? Just saying..

    Reply
  6. And the Republican pass a $15 trillion tax cut. Smart. Democratic Socialist would save money by implementing “Medicare for All” which would half the cost of health care. They would growth the economy by providing free college education for all. A college education would increase the productivity of everyone. Most of the richest countries in the world provide Universal Health Care and Free College Education. These are solutions that work.

    Reply
  7. It is a pity that all rich countries provide a strong social safety net and are in ways socialist. And it is poor countries that are capitalist in that they provide very few services for their people.

    Reply
  8. US debt in April to Jun 2017 was 19800 $T Us Debt in April 2018 was 21195$T A GROWTH OF MORE THAN 7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} IN A YEAR!! Who was President of the US between Jun 2017 and Jun 2018? Just saying..

    Reply
  9. Ok, I get it know. You think that government can best allocate the scare resources in an economy. You seem to also think there is such a thing “Free.” We can just go ahead and agree to disagree. I think people are best able to allocate the profits of their work and you think that the government is best able to do that. Even in a world with free college we still need garbage men and truck drivers. Let’s put it this way. You send me 100% of your paycheck, I will then charge you a small fee and provide you every good and service in your life absolutely “Free.” Just know that I will not fund donuts because they may make you fat and I can’t have your health care costs increasing.

    Reply
  10. Indeed much of the debt was created by republicans. I agree with you that the general populace thinks Republicans are fiscally responsible and that is categorically wrong. Your combining thoughts here. I think most people have been so brainwashed by the two party system they cannot think rationally. If democratic socialists held majority power in the US then it is reasonable to say we would end up like Venezuela assuming socialists could maintain majority power. It is also reasonable to assume that a government ran by Republicans will also need to hyper inflate away $114 trillion in unfunded liabilities. I think the only fiscal difference between Democrats, Socialist Democrats, and Republicans is the amount of time until we hyper inflate. I think Republicans may go slightly longer before hyper inflating.

    Reply
  11. Ok I get it know. You think that government can best allocate the scare resources in an economy. You seem to also think there is such a thing Free.”” We can just go ahead and agree to disagree. I think people are best able to allocate the profits of their work and you think that the government is best able to do that. Even in a world with free college we still need garbage men and truck drivers. Let’s put it this way. You send me 100{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of your paycheck”””” I will then charge you a small fee and provide you every good and service in your life absolutely “”””Free.”””” Just know that I will not fund donuts because they may make you fat and I can’t have your health care costs increasing.”””

    Reply
  12. Indeed much of the debt was created by republicans. I agree with you that the general populace thinks Republicans are fiscally responsible and that is categorically wrong. Your combining thoughts here. I think most people have been so brainwashed by the two party system they cannot think rationally. If democratic socialists held majority power in the US then it is reasonable to say we would end up like Venezuela assuming socialists could maintain majority power. It is also reasonable to assume that a government ran by Republicans will also need to hyper inflate away $114 trillion in unfunded liabilities. I think the only fiscal difference between Democrats Socialist Democrats and Republicans is the amount of time until we hyper inflate. I think Republicans may go slightly longer before hyper inflating.

    Reply
  13. What you are seen is the effects of deficit spending. Not the effective of a tax cut. I would like to see for once what would happen if they cut taxes and spending by the same amount. The other thing to watch out for is what the Feds will do. The Fed does not like GDP grow over 3% so I think they will tamp down the economy by raising the interest rate. This will increase the amount of interest the federal government has to pay and will further increase the deficit.

    Reply
  14. What you are seen is the effects of deficit spending. Not the effective of a tax cut. I would like to see for once what would happen if they cut taxes and spending by the same amount. The other thing to watch out for is what the Feds will do. The Fed does not like GDP grow over 3{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} so I think they will tamp down the economy by raising the interest rate. This will increase the amount of interest the federal government has to pay and will further increase the deficit.

    Reply
  15. If you see healthcare and education as scarce resources that should be left to free enterprise, then I don’t want to live in your country.

    You are making strawman arguments here. Nobody is trying to create free donuts for all. And how is needing garbagemen and truck drivers an argument against free education? We’re not talking forced higher education here, simply offering it to those who want it. It’s reasonable to assume that many of those who can’t afford it now would benefit from a college degree, and provide collateral benefits to the economy. I think you also might find those unskilled jobs are going to be automated very soon. I guess they can all starve? Don’t be surprised to find a bunch of starving truck drivers outside your gated community looking for food.

    Reply
  16. What you are seen is the effects of deficit spending. Not the effective of a tax cut. I would like to see for once what would happen if they cut taxes and spending by the same amount.

    The other thing to watch out for is what the Feds will do. The Fed does not like GDP grow over 3% so I think they will tamp down the economy by raising the interest rate. This will increase the amount of interest the federal government has to pay and will further increase the deficit.

    Reply
  17. Ok, I get it know. You think that government can best allocate the scare resources in an economy. You seem to also think there is such a thing “Free.” We can just go ahead and agree to disagree. I think people are best able to allocate the profits of their work and you think that the government is best able to do that. Even in a world with free college we still need garbage men and truck drivers. Let’s put it this way. You send me 100% of your paycheck, I will then charge you a small fee and provide you every good and service in your life absolutely “Free.” Just know that I will not fund donuts because they may make you fat and I can’t have your health care costs increasing.

    Reply
  18. Indeed much of the debt was created by republicans. I agree with you that the general populace thinks Republicans are fiscally responsible and that is categorically wrong. Your combining thoughts here. I think most people have been so brainwashed by the two party system they cannot think rationally. If democratic socialists held majority power in the US then it is reasonable to say we would end up like Venezuela assuming socialists could maintain majority power. It is also reasonable to assume that a government ran by Republicans will also need to hyper inflate away $114 trillion in unfunded liabilities. I think the only fiscal difference between Democrats, Socialist Democrats, and Republicans is the amount of time until we hyper inflate. I think Republicans may go slightly longer before hyper inflating.

    Reply
  19. US debt in April to Jun 2017 was 19800 $T
    Us Debt in April 2018 was 21195$T
    A GROWTH OF MORE THAN 7% IN A YEAR!!
    Who was President of the US between Jun 2017 and Jun 2018?
    Just saying..

    Reply
  20. And the Republican pass a $15 trillion tax cut. Smart.

    Democratic Socialist would save money by implementing “Medicare for All” which would half the cost of health care. They would growth the economy by providing free college education for all. A college education would increase the productivity of everyone.

    Most of the richest countries in the world provide Universal Health Care and Free College Education. These are solutions that work.

    Reply
  21. It is a pity that all rich countries provide a strong social safety net and are in ways socialist. And it is poor countries that are capitalist in that they provide very few services for their people.

    Reply
  22. One quarter of growth does not a long term growing economy makes. During a boom cause by speculation there is the illusion of growth. But sooner or later the bubble bursts and we get a deep recession or even worst a depression. The 4%+ GDP growth isn’t good, it is a warning.

    Reply

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