What Does Trump Know? "GDP Numbers Are Going To Be Shockingly Good"

Tyler Durden's picture

While 2017 consensus GDP growth remains mired at (an optimistic 2.2%) and with Q2 GDP expectations sliding from their quarter-start hope highs (amid collapsing economic data), it appears President Trump knows something the rest of the world does not...

Yesterday Trump exclaimed...

"I think this quarter's GDP numbers are going to be shockingly good given all the facts we're seeing"

And once again today, while discussing his new apprenticeship program, he appears to confidently 'leak' GDP numbers two weeks early...

“I think some very good numbers are going to be announced, by the way, in the very near future, as to GDP,”

We shall see...

His comments briefly nudged stocks higher...

For now, Q2 does not look good...

And 2017 GDP remains near its lows...

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1033eruth's picture

They'll be "shockingly" good if Uncle Fraud fudges them a LOT.  I'll bet the idiot is including all of these weapon sales to the middle east and other places.  

decentralisedscrutinizer's picture

 

Almost all the world’s economic and political problems revolve around the hegemony of a global corporate cartel, which is headquartered in the US because this is where their dominant military force resides. The US Constitution is therefore the “kingpin” of an all-inclusive global financial empire. These fictitious entities now own the USA and command its military infrastructure by virtue of the Federal Reserve Corporation, regulatory capture, MSM propaganda, and congressional lobbying.

 

The Founders had to fight a bloody Revolutionary War to win our right to incorporate as a nation – the USA. But then, for whatever reason, our Founders granted the greediest businessmen among them unrestricted corporate charters with enough potential capital & power to compete with the individual states, smaller sovereign nations, and eventually to buy out the USA itself. The only way The People can regain our sovereignty as a constitutional republic now is to severely curtail the privileges of any corporation doing business here. To remain sovereign we have to stop granting corporate charters to just any “suit” that comes along without fulfilling a defined social value in return. The "Divine Right Of Kings” should not apply to fictitious entities just because they are “Too Big To Fail”. We can't afford to privatize our Treasury to transnational banks anymore. Government must be held responsible only to the electorate, not fictitious entities; and banks must be held responsible to the government if we are ever to restore sanity, much less prosperity, to the world.

 

It was a loophole in our Constitution that allowed corporate charters to be so easily obtained that a swamp of corruption inevitably flooded our entire economic system. It is a swamp that can't be drained at this point because the Constitution doesn’t provide a drain. This 28th amendment is intended to install that drain so Congress can pull the plug ASAP. As a matter of political practicality we must rely on the Article 5 option to do this, for which the electorate will need overwhelming consensus beforehand. Seriously; an Article 5 Constitutional Convention is rapidly becoming our only sensible option.

 

This is what I think it will take to save the world; and nobody gets hurt: 28th Amendment

 

28th Amendment:

 

Corporations are not persons in any sense of the word and shall be granted only those rights and privileges that Congress deems necessary for the well-being of the People. Congress shall provide legislation defining the terms and conditions of corporate charters according to their purpose; which shall include, but are not limited to:

 

1, prohibitions against any corporation; a, owning another corporation; b, becoming economically indispensable or monopolistic; or c, otherwise distorting the general economy;

 

2, prohibitions against any form of interference in the affairs of; a, government, b, education, c, news media; or d, healthcare, and

 

3, provisions for; a, the auditing of standardized, current, and transparent account books; b, the establishment of state and municipal banking; and c, civil and criminal penalties to be suffered by corporate executives for violation of the terms of a corporate charter.

    

Snaffew's picture

congress is too busy fundraising for their next election to even acknowledge the 28th amendment.  Anything that hurts donors and lobbyists does not get passed.

D-Fens's picture

Folks, I am completely aware of all of the fraudulent statistics, but where I'm at (DFW metro) there is absolutely no breakdown at all.  Everybody has work, business is booming.

Yes, of course only a few people get the big gains, but basically most people are doing ok.

 

I'm actually a little upset about this.  I want collapse.  Everything is just getting more crowded all the time.  This place is too freaking prosperous.

Yen Cross's picture

 Remember that Phil Collins song " Land of Illusion".

 Even with Trump tax holiday, and infrastructure program, stocks are priced to perfection.

 There really isn't any savings , as it's been proved corp-tax rates already are 15-20% after write-downs.

 Repatriated cash isn't going into Capex.

Homie's picture

Did Trumpy Jr front run those comments?

 

I am Jobe's picture

Spring Break and Hookers improves GDP. 

Shed Boy's picture

Gee..he wouldn't lie to us...would he? Politicians will say anything if they think it will make them look good.

venturen's picture

don't you know...bad GDP is good for stocks, good GDP is good for stocks..., free 0% interest money is good for stock, printing money is good for stocks and debt is good for stocks

 

Heck drug overdoses are good for stocks and 100% increase in blacks being shot in Chicago is good for stocks.

 

The new normal....where the only think that matters is how high the criminal banking cartel can ramp stocks!

saveUSsavers's picture

He pulls shit out of his ass until he's removed from office/ Stockman says 25th amendmt already in works

bshirley1968's picture

1. Credit consumptions is rolling over in all major credit markets.....and has been for a couple of months.

2. The cost of debt.....and in case you forgot there's a lot of it........just when up......again.

3. Oil prices are being artificially held at this range......because demand for oil and gas are in the crapper.

4. Auto market is collapsing.

5. Retail is collapsing.......and stick the Amazon theory up you ass.

6. Real wages are still flat to negative.

Trump is a idiot of "shockingly" magnitude.  Number 1 on that list is enough to know that GDP, which is completely dependent on credit expansion, is not going up anytime soon.  The man is a total marketing buffoon.  He has no shame and the shit that rolls out of his mouth would be from an insane asylum........except the sheeple don't want to believe such an idiot is running things........and they voted for him.

I got a bunch of dumbass friends that believe everything this guys says as if he had the ability to make the sun set in the east.  It wouldn't surprise me if the jackass got up and said the world was flat.  He'd be sure to get some headlines out of it, so he'd be happy as a pig in mud.

slightlyskeptical's picture

Yep. Amazon has taken away all the "impulse' purchases people used to make while buying stuff in a store. Any wonder we have a shrinking retail arena?

Don Sunset's picture

Trump owns this farce of "market".  He shouldn't have laid claim to it and will will regret he ever did so.

Cordeezy's picture

Pretty sure Trump has not idea the number will be good, but he is going to say they will be great regardless.  IF they aren't great he can blame Obama for the mess he is cleaning up.

 

www.escapeamazon.com

 

 

slightlyskeptical's picture

he will just blame those compiling the numbers.

ludwigvmises's picture

Trump is quickly turning into a cheerleading lame duck! "Stock market up", "GDP great". yet out country is going down the toilet. China, Germany, Mexico are KILLING us. 

ZeroBeek's picture

We can't trust Trump anymore.

MuffDiver69's picture

If we're at 1% and we get 1.2% that is shockingly good in some ways..

Vuke's picture

Especially good as the figures are cooked to the limit.

VK's picture

And still auto sales beginning a long decline and retail sector getting hammered worse than 2008?

slightlyskeptical's picture

I am starting to think that most of the posters on ZeroHedge are Soros paid right wing imitators trying to make the Trump supporters look like total imbeciles. If so, they are doing a really good job.

putupjob's picture

whew... i just looked at the posts on this thread.  it's all diatribe based on nothing.  this could be a soros hit job. 

there is a rising need for a data scientist to start a poster / blogger rating system to categorize these scammers.