Data Point – Economy may hit 3.9% GDP rise this quarter??

New York Fed Now Projects 3.9% GDP Growth in Fourth Quarter…

Another week – another set of weekly economic data – another upward forecast of anticipated 4th Quarter GDP growth.  Two weeks ago the Fed raised the 4th quarter growth projection to 3.2%. Last Week they revised that up to 3.8%. This week they have revised it upward again to 3.93%

Remember, just a little while ago all of the Wise Men in the Obama Inner and Outer courts were telling us all to get used to this “new normal” of less than 2%?  We were told that we could NEVER duplicate the faster paced US economies (re: Reagan) – times had changed. Thus far, these last three quarters have been 3% or better.  Trump made a promise that he’d raise the economy to 4 to 5%.  If the newest Fed prediction is right, that’s more than twice the average of the Obama years. Then it remains to be seen if it stays there.

(H/T: Conservative Treehouse)

Skip
by Skip

Co-founder of GraniteGrok, my concern is around Individual Liberty and Freedom (and how Government is taking that away from us). My fight, from a Conservative (with small “L” libertarian leanings) and evangelical Christian perspective, is with the Progressives that are forcing a collectivized and secular humanistic future upon us. As TEA Party activist, citizen journalist (and pundit!), my goal is to use the New Media to advance the radical notions of America’s Founders back into our culture again.