The United States economy is going absolutely bonkers right now, and it doesn’t take a brain surgeon to figure out why that’s the case.
Under the leadership of President Donald Trump, common sense initiatives and policies are being advanced.
While the doom and gloom crowd seems incapable of recognizing the fact that it’s working, that doesn’t change the fact that it is.
CNBC passes along another sign that the forecast will remain sunny for the foreseeable future.
The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed.
GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing.
If the forecast holds, it would be the best quarter since the Great Recession ended in 2009. The previous highest was third quarter of 2014, which hit 5.2 percent.
We’ll caveat that news by pointing out that it’s just a forecast, but signs point to it being correct.
Regardless of the exact numbers, the economy is surging.
There’s nothing to suggest that will be changing, but there’s plenty of other notes that lead us to expect that it will.
Real consumer spending jumped from 3.1 percent to 4 percent amid a sharp savings drawdown, and private fixed-investment growth surged from 5.2 percent to 9.2 percent.
But what about all those claims that Trump’s leadership will surely lead us on the path to ruin?
They continue to look more and more foolish with each passing day.
That comes as jobless claims hover around generational lows and the unemployment rate is at 4.1 percent. Productivity, however, continues to be lackluster, falling 0.1 percent in the fourth quarter against an expected rise of 1 percent.
From a bottom line perspective, more people are working, they’re making more money, and companies are excited about putting down even more roots in America.
Call us crazy, but that may just be a huge tenet of that whole ‘Make America Great Again’ thing.
Perhaps the doom and gloom crowd can take the time to stop and smell some of the roses that are sprouting up all over the place.