August ISM Data Suggests U.S. GDP Growth Might Hit 4%

Content originally published at iBankCoin.com

Remember when critics lambasted Trump for daring to forecast 3%+ GDP growth?

Yeah, those people just got eternally beatdown.

Second quarter GDP was revised up to 3%. The only thing the left could do is peddle out Warren Buffett, a person who has never said a bad thing about the US economy ever, to say ‘it doesn’t feel like a 3% economy.’

Here’s Warren telling America that it ‘feels’ like a 2% economy. Moreover, he tries to convince people into accepting such anemic growth as not only acceptable, but exemplary. Bear in mind, 2% growth doesn’t keep up with inflation, which is now clocking in at 2.6%.

Here’s Warren Buffett talking down the 3% GDP revision, trying to convince America that 2% GDP is the best thing since sliced bread. pic.twitter.com/RTqrFNlNYO

— The_Real_Fly (@The_Real_Fly) September 1, 2017

Really?

If Warren thinks this ‘doesn’t feel’ like a 3% economy, I wonder what he’ll say if it registers in at 4%? According to today’s ISM data, that’s exactly where it might be heading.

Source: CNBC

President Donald Trump’s hopes for growth as high as 4 percent may come true, if only for one quarter.

An economic report released Friday morning, and overshadowed by the higher-profile nonfarm payrolls number, actually points to GDP gains in excess of 4 percent in the third quarter, said Andrew Hunter, U.S. economist at Capital Economics, as the firm showed in this chart: