US GDP Numbers 

Are Out 
As I was cruising through the news this am, had a completely different 
topic I wanted to write about, it is a bit longer so will turn that into a 
blog post and turn this email into talking about GDP numbers for the US 
as they were literally just released. 

It's funny what happens with GDP number news, you have all the news 
agencies who push it out, then you have the “economists” who give their 
hot take, jabs at Powell, Trump and the system in general and then spin 
it with their “fix”, then you have the average joe who really doesn’t know 
what any of that means. 

Some hot take headlines to start us off… 

 
 
  

Bloomberg 

@business 

LATEST: Donald Trump failed to achieve his 3% target for economic growth in 2018 
after all, updated data show 

bloom.bg/2YmnpO8 

July 26th 2019 

8​ Retweets​22​ Likes 
You can tell a lot by how someone or a news agency spins the headline 
and tone of the article, the pro/anti-Trump talk and pro/anti-government 
talk comes out. 

Another fine example… 

Pomp 🌪 
@APompliano 

HERE WE GO. 
 
US GDP last quarter: 3.1% 
US GDP this quarter: 2.1% 
 
Economy s l o w i n g down only means one thing — cutting rates and printing money! 
 
They don't realize that they're giving Bitcoin the rocket fuel it was built to consume. 
 

Long Bitcoin, Short the Bankers! 

July 26th 2019 

56​ Retweets​211​ Likes 

Here are the key takeaways: 

● US growth hits 2.1%, though beats forecasts of 1.8% 

● Consumer spending is up 4.3% 
 ● Government spending is up 5% (biggest boost in over a decade) 
● Non-residential investment fell 0.6% for first drop since 2015 
● Exports fell 5.2%, imports rose 0.1% (trade wars weighing in) 
● FEDs inflation at 1.8% 

Government spending up 5% is the biggest talking piece here, when in 

reality the $21 Trillion dollar deficit should be the focus of the 
conversation and the fact that they are working on a bill to essentially 
remove the debt ceiling. 

You know this already but GDP doesn’t usually get me all that excited, 
because I know that it's not a sound metric to base my happiness or 
economic expectations off of, have to look much deeper than that. 

That's it for now! 

-Jameson Brandon 

P.S.​ New full length article coming out this weekend on how much it 
really takes to retire and illusions of investing/saving. Y
​ ou can jump over 
now and bookmark the site, set a reminder if you like.