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Sam McElroy – Can the Economy Keep Going?

from Financial Survival Network

Sam McElroy is back… Economy Grew at 4.1% Rate in Quarter, With Some Asterisks. The Commerce Department released its initial estimate of second-quarter economic growth on Friday, providing the latest snapshot of the American economy. The Numbers:

■ United States gross domestic product rose at an annual rate of 4.1 percent in the second quarter, up from 2.2 percent in the first three months of the year. It was the strongest quarter of growth since 2014.

■ Consumer spending rose 4 percent, but private investment fell slightly.

■ Exports rose 9.3 percent, driven in part by a surge in soybean shipments tied to President Trump’s trade policies.

■ Consumer prices rose at a 1.8 percent annual rate.

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