YIPPEE – AT 12:51 P.M. :  The good news on the economy keeps coming, like a desirable avalanche.  From Breitbart: 

The U.S. economy is expanding at a 4.8 percent annualized rate in the second quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.

The forecast has been climbing higher following the release of a series of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs report for May.

The Atlanta Fed forecasts a big boost in private sector fixed investment, which includes capital investment in machinery, land, buildings, vehicles, and technology. Earlier, the Atlanta Fed saw this growing at 4.6 percent. But following the release Friday of a construction spending report from the U.S. Census Bureau and the Manufacturing ISM Report On Business from the Institute for Supply Management, this was upgraded to 5.4 percent growth.

COMMENT:  Three percent is considered solid.  A 4.8 percent rise is superb.  Of course the Democrats, in the person of Nancy Pelosi, are claiming that the economy is not good at all, that we are facing disaster, and that only Nancy herself and Maxine Waters can save us. 

I don't think the country agrees.

June 2,  2018