Rats Attempt To R-Word The Economy

[Mac1958]

• The world economy is slowing
• Earnings are mixed at best
  
• Our GDP has slowed to 2.1%
• Treasury yields have crashed, down 43% in the last seven months alone
• Fed is having to drop rates to address weakness, the market wanted more than 25bps
  
• Household debt too high, over pre-Meltdown totals
• Bankruptcy rate is up
  
• Corporate debt too high (particularly sub-prime)
  
• Debt has exploded, and we've already spent more than all of last year
• Tariff mess having a clear negative impact

I know those facts aren't fed to Trumpsters in the alternate closed circuit universe, but they're still facts.
.

 

[B. Kidd]

• The world economy is slowing
• Earnings are mixed at best
  
• Our GDP has slowed to 2.1%
• Treasury yields have crashed, down 43% in the last seven months alone
• Fed is having to drop rates to address weakness, the market wanted more than 25bps
  
• Household debt over pre-Meltdown totals
• Corporate debt too high (particularly sub-prime)
  
• Debt has exploded, we've already spent more than all of last year
• Tariff mess having a clear negative impact

I know those facts aren't fed to Trumpsters in the alternate closed circuit universe, but they're still facts.
.

You also left out that the rent is too goddamned high!

 

[kiwiman127]

Let's see, the economy shrinking bigly the last quarter, manufacturing slowed down, profits dropped, business investment continued is decline and the National Debt has been growing , much faster than historical facts that show the annual deficits usually shrink during a growing economy, but not under Trump.

Social spending...did it ever occur to you that we've spent $22T on the welfare state which is the exact amount of debt we have? Hilarious you'd mention debt and deficit after 8 years of Barry the Fairy and his man-wife taking a crap on our economy and way of life. You had your run....it almost bankrupted us....now the adults are back in charge. MAGA!!

Look how much and how fast Trump has added to the National Debt in just there years! And that's during a growing economy!
Now I'll admit Obama didn't do a great job with the recession at first, (Shovel ready jobs), but as economic history shows, he set Trump up to inherit a long term economic growth.
One thing that's been common in our country's economic history, when there's a downturn. government spends and during long-term economic growth, deficits decreased, as they were during Obama's second term. As soon Trump got in, deficits exploded.
Three presidents in modern history had better economies than Trump, Kennedy, Johnson and Clinton, none of them came close to what Trump has spent. As a matter of fact, Trump has spent more in three years than Kennedy, Johnson and Clinton combined in sixteen years.