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US Economic Growth Is Cooling …

We’re still several weeks away from the U.S. Department of Commerce releasing its initial (“advance”) estimate of third quarter economic growth – a.k.a. gross domestic product (GDP) expansion – but the Atlanta Federal Reserve’s latest flash estimates aren’t good. The bank’s “GDP Now” measurement is currently clocking in at 1.1…

We’re still several weeks away from the U.S. Department of Commerce releasing its initial (“advance”) estimate of third quarter economic growth – a.k.a. gross domestic product (GDP) expansion – but the Atlanta Federal Reserve’s latest flash estimates aren’t good.

The bank’s “GDP Now” measurement is currently clocking in at 1.1 percent – which is obviously well below the latest second quarter estimate of 3.9 percent growth.

The measure could be headed even lower after the Commerce’s Bureau of Economic Analysis (BEA) released new data on the trade deficit.

According to the report (.pdf here), the deficit surged in August from $41.8 billion to $48.3 billion thanks to a $3.7 billion drop in exports and a $2.8 billion increase in imports.

According to Zero Hedge, that’s “the second worst trade data read going back to early 2012.”

Driving the numbers?  The U.S. trade deficit with China – which increased from $28.8 billion in July to $32.9 billion in August. Exports to China decreased by $0.6 billion to $9.8 billion while imports increased $3.6 billion to $42.8 billion.

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19 comments

You are an ignorant FUCK! October 6, 2015 at 1:08 pm

GROWTH.????..You liberals are the most gullible – or the most-stupid- MoFos on EARTH..

The only thing that has grown under Obama is the debt…and prices for gas, healthcare, energy food and tax..

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Rocky Verdad October 6, 2015 at 1:10 pm

Well, stock market, GDP, number of people with access to health insurance, new car sales, college graduation rates, incomes, home values. But yeah, ok – if that’s your story. Ingorante!!!

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flip October 6, 2015 at 1:18 pm

Stock market propped up by 0% interest rates and printing money,GDP (read article), access to health insurance is Medicaid-no doctors and will bankrupt states etc….

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Rocky Verdad October 6, 2015 at 1:32 pm

Blah, blah, blah. Been hearing that crap for three years – it never happens.

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Families have no $ to invest October 6, 2015 at 1:19 pm

Stock market has ballooned on astronomical gas and energy prices, in addition to the $85 billion a month Obama pumped in to take care of the investment class, while the working Americans STARVE…

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flip October 6, 2015 at 1:14 pm

Yes.We paid $3.50 a gallon under Obama for 6 years (when Bush left office it was $1.87).Avg, today is $2.30 so it is still up 20% +.

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Rocky Verdad October 6, 2015 at 1:17 pm

I was happier paying $4.25 a gallon when Bush was President.

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flip October 6, 2015 at 1:20 pm

Rocky I have paid $4.00 a gallon the past 6 years under Obama in south Florida.

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flip October 6, 2015 at 1:22 pm

I have paid $4.00 a gallon in Vegas and California the last 6 years under Obama.

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Rocky Verdad October 6, 2015 at 1:32 pm

Oh that don’t count. Everyone has done that. It’s California.

Bush cared about Americans October 6, 2015 at 1:23 pm

Bush gas prices were high for a short period of his 8 years. And Bush actually released reserves when prices spiked, an the price of gas dropped substantially.

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Rocky Verdad October 6, 2015 at 1:31 pm

Yeah, short period. Like half.

Rocky Verdad October 6, 2015 at 2:35 pm

You need to just be happy my tax dollars continue to pay for your medicaid, and keep your EBT card flush. You’re sort of cranky. Did the flood waters stop your Meals on Wheels delivery from arriving?

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Just Me October 6, 2015 at 11:03 pm

Wrong. It’s not your tax dollars or my tax dollars. It’s the money that Obama keeps printing. It’s the money that people all over the world keep pouring into the economy buying US Bonds. Our taxes just keep it from being worse than it is. The sad thing is that they seem to have no idea that the money will be worthless when the bubble bursts.

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Sic Semper Tyrannis October 6, 2015 at 2:43 pm

Do you work at being stupid or is it natural ?

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Rocky Verdad October 6, 2015 at 1:10 pm

Trump will fix it with his wall, and his tarriffs and when he stops trading with Mexico. Go Trump.

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Centrist View October 6, 2015 at 1:43 pm

“Made in China”?
Who’s buying’ all that stuff in America?

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Centrist View October 6, 2015 at 1:44 pm

Is anyone reading this on a device Made in USA?

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Kasey Tyler October 7, 2015 at 3:35 am

WORK AT HOME::Get $97/HOUR…I just purchased themselves a McLaren F1 when I got my check for $19993 this past 4 weeks and just over 17 thousand lass month . this is really the nicest-work Ive had . I began this 10-months ago and straight away started making more than $97… p/h .learn the facts here now
nal…
???? http://GoogleSuperTechJobsHomeEmploymentMega/get/top… ??????????????????????????????????????????

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