GDP growth for the second quarter was +4.1%, second highest in 15 years

[spence]

Originally Posted by Jim in CT

I've never actually heard, until now, that high GDP growth was bad. If your pay or net worth increases, that's a bad sign?

Because it's not healthy growth. The GDP is being driven mostly by foreign purchases of US goods in advance of the tariffs. Why? Because soon they're not going to be buying as much of our stuff.

Small and mid-sized businesses can't buffer this kind of whiplash, they're just going to fold.

[Jim in CT]

Originally Posted by spence

Because it's not healthy growth. The GDP is being driven mostly by foreign purchases of US goods in advance of the tariffs. Why? Because soon they're not going to be buying as much of our stuff.

Small and mid-sized businesses can't buffer this kind of whiplash, they're just going to fold.

what would gdp growth have been, if not for the one time run up in purchases of us giids. and if trump and the eu agreed to work toward zero tariffs, then what are the tariffs that everyone is so afraid of, that they’re stockpiling today.

businesses can’t survuve a one time surge in demand? even if that’s what this is, which is a bug if, it’s better that the surge in demand never happened? how does that make sense? i can’t win piwetball every year, that doesn’t mean it’s bad if i win once.
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