More, more, and MORE winning!
Don’t allow the lying mainstream media to get you down – because we’re winning this thing in the REAL WORLD, where it counts.
Case in point, GDP (gross domestic product) numbers have been revised UP.
The change comes after a SHARP increase in consumer spending.
In other words, for the first time in well over eight years, Americans feel GOOD and HOPEFUL AGAIN.
From Zero Hedge
In the third and final estimate of Q4 GDP, the BEA revised the previous estimate of 1.8% notably higher to 2.1%, driven by a sharp upward revision to consumer spending, which rose 3.5% in Q4, after rising 3.0% in Q2, and contributed 2.4% to the bottom GDP line – in other words consumption alone was more than the entire GDP increase- up from 2.05% in the second revision.
The increase in real GDP reflected an increase in consumer spending, private inventory investment, residential investment, business investment, and state and local government spending. These contributions were partly offset by declines in exports and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. Trade subtracted 1.82 percentage points from growth, the most since 2004, compared with the prior estimate of a 1.7-point drag, on weaker exports and higher imports
The biggest contributor to the upward revision to consumption reflected spending on net foreign travel and recreation services, as well as gasoline and other energy goods.
Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can reach her on Facebook here.