Best showing since ... a quarter during the last midterm election year that finished as a wave against the sitting president =>>https://twitter.com/AP/status/1022821896956637184 …
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Replying to @DavidMDrucker
that's probably the least illuminating way to frame it, but yes
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Replying to @JasonHornbuckle
From a political standpoint it's solid framing.
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Replying to @DavidMDrucker
Q2 2014 was where we are now, true, but Q1 2014 was in the negative and Q1 2018 was not. will be a different final number for the year as a result
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Replying to @JasonHornbuckle
All of this could matter politically - or it could not. And my point was that sometimes these economic indicators are less reliable political indicators than they used to be. But as a matter of economics I don't have much argument w/ your analysis.
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Replying to @DavidMDrucker
i think its fair enough to say that politically people find a 4% quarter more exciting when its preceded by a 2% quarter than by a -2% quarter, that's all I was saying. Obama's GDP charter looks like a rollercoaster, Trump's is flatter and consistently upwards
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This is a solid counterpoint to my original. We'll see.
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