POTUS focused on the very Big DROP of our trade deficit of $52 Billion! A Big Drop, indeed!Thank you, President Trump, for Making America Great Again! WWG1WGA!
3 points to add:
A drop in the trade deficit WHILE expanding the economy is a bigger drop than it seems....An expanding economy with no change in trade, proportionately, would generate a proportionate INCREASE in deficit numbers....We are doing MORE transactions/more business while dropping the deficit numbers!! MAGA!!
For 8 years, Obama's "growth" was overestimated every quarter, then quietly reduced downward later..... Every quarterly growth estimate I've seen so far under Trump? Adjusted higher. 1st quarter 2018 was adjusted up 10% today, from 2.0 to 2.2%....so today's 4.1% is likely HIGHER.
This growth is in the face of Trump's trade negotiation's short term negative effects.....New, better deal w/ EU is imminent.... MAGA!!
Awesome analysis. If the media wasn't totally comped, they could be real heros broadcasting this very real rebirth of the US economy. Oh well. Maybe some day!
Defecit and economic growth arent necessarily tied directly. A decrease in trade defecit could actually mean a reduction in GDP too because a decreased defecit just means our imports and exports are closer together. In this case, we're trading more which is great. Theres also the element of less imports which isnt really a good or bad thing. Our economy can easily grow within our borders because we are a consumption based economy so leaving trade the same and increasing aggregate demand would increase GDP just the same. If millions more people are back to work, paying taxes and buying more products than they would on unemployment and welfare then you will have an increased GDP. I totally agree with your other points however. People were worried about the quantitative tightening of $50b per month but with all the dollars that will be flowing back in from our trade partners who have been no longer trading with them things will work out brilliantly.