There it is: Q2 GDP growth at 3.7%, reports the Commerce Department. That's a smackdown on the estimated 2.3% growth. Here is the deconstruction in The Wall Street Journal.
We have lots to feel good about ourselves. A Baby Boomer who won't allow any clichés in what I ghostwrite for clients, I am tempted to compulsively mouth 'em. Yeah, Two Chickens In Every Pot, Let The Good Times Roll, Happy Days Are Here Again.
The implications for this amazing growth are, well, huge.
At the top of the list is if the momentum in the Donald Trump Campaign will hold up?. Its meme is making America great again. But that's already been achieved. I can already hear the hissing sound from a deflating hot air balloon.
Shakespeare (maybe a humanities degree is worth something) hammered in his dramas that the crowd is fickle. Loyalists can quickly turn into a mob, both one at a time (et tu, Brutus) or collectively. The Trump supporters could migrate to those with more public policy experience. Me? The jury is still out on that one.
Another implication is that we consumers might spend more. The Halloween pop-up stores are already in the mall. That holiday could become the new Black Friday for retailers. Yes, I will bring top-shelf booze and food to the parties my pet companion is invited to. He's the social one in the family.
In addition, we ghostwriters/scriptwriters can cherry pick our clients, again. That means no more just-checking-out UpWork for whatever. LOL.
On UpWork, I bid $750 for researching and writing a complex long-form essay. The prospect offered me $45.00. Down with UpWork and similar global platforms which invite employers and clients who don't respect writers.
And, can we begin, just begin, considering buying a getaway? When the good times were previously rolling, I had purchased a cottage in Bradley Beach, New Jersey, 5 blocks from the ocean.
As the good times continued, I sold it for triple what I paid. Maybe if I try that again, here in the Southwest, I will again generate a windfall. It's fun to play around with money again, at least in our heads.