Economic News

[nycfan]

“…Consumer spending increased at a 1.4% pace, picking up from the first quarter as a steady labor market underpinned households’ spending power. But consumer spending was offset by weaker business spending.



… Final sales to private domestic purchases, which track demand from businesses and consumers but not the more volatile government, inventory and international trade data, rose at a 1.2% rate in the second quarter. That was slower than 1.9% the prior quarter, and suggested underlying demand from businesses and consumers weakened.

 

[UNCatTech]

Plus all it took was comprehensive immigration reform to fix the border. Too bad we are in a war with Iran tho.

If he just had good character we wouldn't have all these problems.

What comprehensive immigration reform?

Trump has no comprehensive immigration policy. His policy is to over fund ICE, so he'll have a small any to start removing citizens that he doesn't like when they finish removing brown people.

 

[heelinhell]

The reading comes after a large surge in imports ahead of President Trump's tariff whipsaw caused GDP to contract by 0.5% in the first quarter. The BEA noted that the second quarter bounce-back reflected a decrease in imports, which are a subtraction in the calculation of GDP.

So wouldn't it make sense to ban all imports which would really boost GDP ?

 

[nycfan]

 

[superrific]

I was shocked at 3%. But then I saw that 1Q was also revised down and it makes more sense. 2.7% on net still seems too high to me, but that's why the government measures this shit instead of just asking me.

 

[ChileG]

Who would have ever guessed that raising taxes would bring in more tax revenue?

 

[BlueSmoke]

I think I love this GDP report because it spells trouble for Trump. The headline number is good this far into Trump's Presidency. So later if the economy goes down, Trump won't be able to make a believable argument that he was handed a bad economy.

 

[GoHeelsweeeehoooo]

I'm starting to wonder that maybe Trump won't fuck up the economy as badly as I feared?

 

[lawtig02]

I'm starting to wonder that maybe Trump won't fuck up the economy as badly as I feared?

I think we're in an in-between zone where market participants aren't really sure what to do. We had an extraordinarily strong economy coming into 2025, so the default is to keep things at a relative stasis. But the impact of the highly unusual economic policies that are being enacted now may not be felt for a few more months.

Now, I'm not economically illiterate but I'm FAR from an expert. So maybe all this will play out in a positive way. I sure hope it does. But everything I do know about credible economic theory suggests we're going to have to pay the piper eventually, and that will likely start happening within the next six months.

 

[UNCMSinLS]

Bonus points because this information WASN'T from a Trump agency. I don't trust ANY GODDAMN NUMBER coming out of the Commerce Department or the Bureau of Labor Statistics now. I'm better off pursuing my local economic news. Except for gas, costs are up, and more factories and small businesses are closing than opening.

 

[superrific]

I'm starting to wonder that maybe Trump won't fuck up the economy as badly as I feared?

I don't know what you feared, but the indicator lines are looking poor. And the tariffs haven't even really landed yet, nor have the effects from the deportations/ICE terror.

 

[GoHeelsweeeehoooo]

I don't know what you feared, but the indicator lines are looking poor. And the tariffs haven't even really landed yet, nor have the effects from the deportations/ICE terror.

Just seems like so far - from an economic prospective - things have stayed about the same - and my 401k has done ok so far this year

 

[CRHeel94]

Something to consider: in the first Trump term the economy appeared to be doing well before COVID. But it was fool's gold. There were important tax cuts coupled with increases in government spending which spurred growth, but all this did was create a much larger deficit...which became even larger once COVID came through.

The BBB will do some of the same. Tax cuts for some, boost in spending, resulting in a much bigger deficit down the road. It's the kick the can approach to economic policy.

 

[nycfan]

 

[BillOfRights]

https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-surplus-in-june-as-tariff-receipts-surge.html

1. It would appear the left's "tariffs are going to cause rampant inflation" claims were wrong
2. To date the tariffs have been a net benefit for the US economy
3. Trade deals with japan and the eu are going to drive a lot of foreign investment
4. Winning

1. It appears you are ignorant about economics.
2. GDP is 0.9 BELOW where it was predicted to be before the election.
3. LOL
4. Inflation is higher and GDP is lower. Winning?

 

[BillOfRights]

No need to cut interest rates with such amazing growth!!!!!1!11!!!!

 

[lawtig02]

1. It appears you are ignorant about economics.
2. GDP is 0.9 BELOW where it was predicted to be before the election.
3. LOL
4. Winning?

If we've learned anything from economic policy over the last 40+ years, it's that the GOP first creates the curve, and then grades itself against the curve it created.

 

[BillOfRights]

 

[1moretimeagain]

I enjoy watching Trump try to make the argument “the economy is great, what the hell is Too Late doing?”

 

[nycfan]