Could Our President Be Right When He Predicted Last October That If Elected, He Would Get Our GDP For 2017 To Be 3.0%

We are a full month into the 4th Quarter which ends on December 31. The Atlanta Federal Reserve has put out their first estimate of what they anticipate the 4th Quarter GDP will be. They currently have it sitting at 2.9%. However, with the information released today about Housing, Business Barometer and Consumer Confidence, you can expect that prediction to skyrocket.

The Economic Train left the station on January 20, 2017! It had been sitting idle for the previous 8 years. Now that it is rolling across our country, it will not be stopped. There is absolutely nothing that the Democrats, Rhinos, MSM, CoC, Big Club, Barry from Kenya, Globalists etc. can do to slow it down.

Our President predicted that by the end of his first year in office, he would have our annual GDP at 3%. People absolutely laughed about his prediction. They aren’t laughing anymore! It will take an alignment of the stars for the annual GDP to hit 3% but it is doable. Here’s why:

1st Quarter (Jan 1 – March 31) – Our final GDP was a miserable 1.2% since Barry was still in office for 20 days and our President began to implement his Energy Dominance and kill regulations.

2nd Quarter (April 1 – May 31) – Our final GDP was 3.1%.

3rd Quarter (June 1 – September 30) – Initial release had GDP at 3.0%. Please keep in mind that the initial 1st Quarter was 0.8% before going up to 1.2% and the initial 2nd Quarter started at 2.8% before going up to 3.1%. I anticipate the final GDP for the 3rd Quarter to be 3.3%.

That would mean the following:

1.2 + 3.1 + 3.3 + 4.4 = 3% GDP FOR 2017!

That is asking for a lot but keep in mind that the Hurricanes that hit Texas and Florida cost the 3rd Quarter 0.8%. As construction begins in those areas, we could see the 4th Quarter propelled. Just the fact that I am writing this means our President has done an AMAZING job in hist first year!

He is ABSOLUTELY MAGA!

https://www.peoplespunditdaily.com/news/economy/2017/10/31/sp-corelogic-case-shiller-home-price-index-hpi-new-high-october/

From the article linked above:

The S&P CoreLogic Case-Shiller National Home Price NSA Index covering all 9 U.S. census divisions gained 6.1% annually in August, up from 5.9% in the previous month. The 10-City Composite annual increase came in at 5.3%, up from 5.2% the previous month.

The 20-City Composite posted a 5.9% year-over-year gain, up from 5.8% the previous month. Since President Donald J. Trump took office, the S&P CoreLogic has hit no less than three historic highs, and home prices have become an enormous source of wealth in what has been a low-wage economy.

However, this year, wages have finally begun to grow.

“Home price increases appear to be unstoppable,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “August saw the National Index annual rate tick up to 6.1%;all 20 cities followed in the report were up year-over-year while one, Atlanta, saw the seasonally adjusted monthly number slip 0.2%.

https://www.peoplespunditdaily.com/news/economy/2017/10/31/consumer-confidence-soars-highest-level-nearly-17-years/

From the article linked above:

The Conference Board said the Consumer Confidence Index rose 5.3 points to 125.9, the highest level in nearly 17 years and higher than the 121 median forecast. The Present Situation Index increased from 146.9 to 151.1, while the Expectations Index rose from 103.0 last month to 109.1.

“Consumer confidence increased to its highest level in almost 17 years (Dec. 2000, 128.6) in October after remaining relatively flat in September,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions improved, boosted by the job market which had not received such favorable ratings since the summer of 2001.”

The percentage saying business conditions are “good” rose from 33.4% to 34.5%, while those saying business conditions are “bad” rose only marginally from 13.2% to 13.5%. Consumers’ assessment of the job market were also more positive. The percentage of consumers stating jobs are “plentiful” increased from 32.7% to 36.3%, while those claiming jobs are “hard to get” fell from 18.0% to 17.5%.

The percentage of consumers expecting business conditions to improve over the next 6 months rose from 20.9% to 22.2%, while those expecting business conditions to worsen fell from 9.6% to 6.9%.

https://www.peoplespunditdaily.com/news/economy/2017/10/31/mni-chicago-business-barometer-soars-to-highest-level-since-march-2011/

From the article linked above:

The Institute for Supply Management (ISM) said the MNI Chicago Business Barometer rose to 66.2 in October, the highest level since March 2011. The increase from 65.2 in September was fueled by both demand and output climbing for the third straight month to extremely high levels.

After a bullish September showing, firms’ optimism regarding the business landscape found further room to grow as they entered the final quarter of the year. Of the five Barometer sub-components, only Employment and Supplier Deliveries slipped from their respective September levels.

“Firms kicked off Q4 in buoyant mood with only 12% expecting activity to decline between now and the close of the year,” said Jamie Satchi, Economist at MNI Indicators. “Despite the MNI Chicago Business Barometer hitting a six-and- a-half year high, and output and demand in seemingly rude health, concerns remain over firms’ inability to attract and retain skilled workers.”

New Orders rose to its highest level since June and the second highest since May 2014 while Production hit its highest level since August 2014. New Orders and Production account for 60% of the Barometer.

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