GDP Grows at 3.5%, Spun as Disappointment
https://www.rushlimbaugh.com/daily/2018/10/26/gdp-grows-at-3-5-spun-as-disappointment/amp/
RUSH: Same thing is happening today with the economic news. We have a GDP report today that growth was 3.5%, but that’s below what was expected! So the Drive-Bys are reporting that economic activity has slowed down! It’s not nearly what people thought it would be! Trying to create that first impression among the people in their audiences that there’s something wrong with the economy. There’s nothing wrong with 3.5% growth!
It didn’t come in at the predicted 3.8% to 4%. Guess what? The tech stock sector is taking a bath, specifically Google (also known as Alphabet) and Amazon have reported earnings, and every… They’re stunningly disappointing, and it’s causing sell-off. It’s causing a big problem on the NASDAQ, which is where many of the tech stocks report, where they’re listed.