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

[JohnR]

Originally Posted by wdmso

I know GDP Growth is Good for the economy

1) but is it sustainable ? and down side

Sustainable over decades? Hopefully. Sustainable quarter to quarter? No.

Obama stated 2% growth was probably the new normal and we should get used to it. He hit 3% one or two quarters IIRC. GDP growth averaged 3.6% from WW2 to the Great Recession. Some years were very high some were lean. Be nice to get back on the high 3s rather than the low 2s.

Originally Posted by wdmso

2) how does it help people like us on this site (outside investments we may or may not have ) Seeing wages are stale interest rates are up and deficits are all time High and the threat of inflation always around the corner

Interest rates have been artificially low for a decade - they should have gone up (hate that thought) previously. Wayne - on the outside if the economy is slow people are not working - think of 2008-2011 how bad it was.

Originally Posted by wdmso

4) what is Tax Revenue % is in the 4.1 GDP

A lot more than if GDP was 3, or 2

Originally Posted by wdmso

I prefer the The Tortoise and the Hare: or something in the middle when it comes to the economy

Originally Posted by zimmy

Posted from my iPhone/Mobile device

I am not sure why you think you know what I want. I am hardly liberal. I am moderate.

Then how are you and I both moderates ; ) ?