JBvM
VIP Member
When rightwingers lie through omission, just list the facts. Just the facts ma'am
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Stable genius economics: The Trump Economy's Lousy Week: Dow Dives, Tariffs Bite, CapEx Slows
- Thread starter Denizen
- Start date
JBvM
VIP Member
Large fonts do not make a case stronger for a wingnut on a mission LOL
JBvM
VIP Member
wow ! Large fonts! Must be truer that true to be so large. Like Trumps bullshitThe US economy grew at a 3.5% pace in the third quarter, faster than expected!!!
The U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, according to data released by the Commerce Department on Friday.
Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate.
The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.
Read more at cnbc.com ...
Oh look, CNBC...A right wing site!!!...LOLOL!
This chart shows how everything has changed since Trump became president
Since Donald Trump won the presidency, he has presided over both one the most tumultuous political times in recent memory, as well as the best economy the country has seen since well before the financial crisis. Consumer and small business confidence is up — but so are both the national debt and budget deficit.
The chart below, using mostly data compiled by Goldman Sachs, quantifies just how much things changed from the days just before the election in November 2016 through September 2018.
Of course, the stock market has weakened in October, which has been its historically most volatile month. The chart doesn't include GDP, which has averaged 2.72 percent since Trump took over, compared to the 1.6 percent gain in 2016.
But the numbers provide a solid overview of how conditions have evolved during the 45th president's time in office....
Read more at cnbc.com ...
Since Donald Trump won the presidency, he has presided over both one the most tumultuous political times in recent memory, as well as the best economy the country has seen since well before the financial crisis. Consumer and small business confidence is up — but so are both the national debt and budget deficit.
The chart below, using mostly data compiled by Goldman Sachs, quantifies just how much things changed from the days just before the election in November 2016 through September 2018.
Of course, the stock market has weakened in October, which has been its historically most volatile month. The chart doesn't include GDP, which has averaged 2.72 percent since Trump took over, compared to the 1.6 percent gain in 2016.
But the numbers provide a solid overview of how conditions have evolved during the 45th president's time in office....
Read more at cnbc.com ...
Good news ALWAYS outweighs bullshit!wow ! Large fonts! Must be truer that true to be so large. Like Trumps bullshitThe US economy grew at a 3.5% pace in the third quarter, faster than expected!!!
The U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, according to data released by the Commerce Department on Friday.
Gross domestic product expanded by a 3.5 percent annual rate. Economists polled by Dow Jones expected the economy to expand by a 3.4 percent annual rate.
The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.
Read more at cnbc.com ...
Oh look, CNBC...A right wing site!!!...LOLOL!
Pennsylvania Families Are Thriving In The Trump Economy
Townhall.com
The Trump economy is booming, and these benefits are helping Pittsburgh families big time.
For far too long, families across the country faced an uncertain future. The so-called leaders of our nation were sending jobs and wealth overseas, leaving the American people to deal with economic decline and dependency.
Even worse, draconian taxes and regulations meant that would-be entrepreneurs were held back by red tape.
Resulting from President Trump’s tax cuts and deregulations, Pennsylvania has transformed into the perfect environment for business and labor demand. Those conditions have put more money back in the pockets of Pennsylvanians and have created more jobs for our communities.
Thankfully, 2018 has been particularly good for our country.
The U.S. unemployment rate dropped below 4 percent for the first time in our nation’s history this year. The President’s pro-business, pro-growth policies also saw a record-breaking $300 billion repatriated back to the country during the first quarter of 2018. The second quarter of 2018 saw our nation’s GDP growth rate climb past 4 percent for the first time since 2014.
What does this mean for families in Pittsburgh and the rest of Pennsylvania? A secure financial future and a strong statewide economy.
Since President Trump took office, the state has added over 91,000 jobs and more than 45 businesses have either increased salaries, raised hourly wages, or awarded employees $1,000+ one-time bonuses, including seven right here in Pittsburgh.
Pittsburgh’s unemployment rate was 3.6 percent in May, according to the Bureau of Labor Statistics — nearly a full point lower than the state as a whole and the lowest it has been since 1999. Compare this to the city’s unemployment rate of 6.1 percent when President Trump took office; higher than the state as a whole. We are on track for President Trump’s policies to halve Pittsburgh’s unemployment rate in less than two years.
More than half of the 91,000 jobs created in Pennsylvania under the new administration benefit the Pittsburgh area. Our city has seen a net gain of 51,000 jobs since January 2017, including over 1,000 manufacturing jobs and close to 2,000 mining and logging jobs.
In addition to creating a thriving economy, President Trump’s tax reform also directly implemented a number of pro-family policies. The child tax credit increased from $1,000 to $2,000, and even parents who don’t make enough money to pay income tax can still claim over $1,000 of the credit. Additionally, 529 savings plans can now be used for private school tuition.
The President’s daughter, Ivanka Trump, is also leading efforts to implement a national paid family leave policy. As the First Daughter said in her recent op-ed, "If executed responsibly, paid family leave is targeted government action with the right incentives — designed to increase the independence, health and dignity of our citizens".
The economy is almost unrecognizable from where it was two years ago. Pennsylvanians have more job opportunities and more money in their pockets than they’ve had in years.
But this is only the beginning.
As long as Americans vote to send Republicans who will support President Trump’s agenda to Washington, D.C. in November, taxes and regulations will continue to be cut, and the wealth, health, and happiness of America’s families will continue to grow.
Townhall.com
The Trump economy is booming, and these benefits are helping Pittsburgh families big time.
For far too long, families across the country faced an uncertain future. The so-called leaders of our nation were sending jobs and wealth overseas, leaving the American people to deal with economic decline and dependency.
Even worse, draconian taxes and regulations meant that would-be entrepreneurs were held back by red tape.
Resulting from President Trump’s tax cuts and deregulations, Pennsylvania has transformed into the perfect environment for business and labor demand. Those conditions have put more money back in the pockets of Pennsylvanians and have created more jobs for our communities.
Thankfully, 2018 has been particularly good for our country.
The U.S. unemployment rate dropped below 4 percent for the first time in our nation’s history this year. The President’s pro-business, pro-growth policies also saw a record-breaking $300 billion repatriated back to the country during the first quarter of 2018. The second quarter of 2018 saw our nation’s GDP growth rate climb past 4 percent for the first time since 2014.
What does this mean for families in Pittsburgh and the rest of Pennsylvania? A secure financial future and a strong statewide economy.
Since President Trump took office, the state has added over 91,000 jobs and more than 45 businesses have either increased salaries, raised hourly wages, or awarded employees $1,000+ one-time bonuses, including seven right here in Pittsburgh.
Pittsburgh’s unemployment rate was 3.6 percent in May, according to the Bureau of Labor Statistics — nearly a full point lower than the state as a whole and the lowest it has been since 1999. Compare this to the city’s unemployment rate of 6.1 percent when President Trump took office; higher than the state as a whole. We are on track for President Trump’s policies to halve Pittsburgh’s unemployment rate in less than two years.
More than half of the 91,000 jobs created in Pennsylvania under the new administration benefit the Pittsburgh area. Our city has seen a net gain of 51,000 jobs since January 2017, including over 1,000 manufacturing jobs and close to 2,000 mining and logging jobs.
In addition to creating a thriving economy, President Trump’s tax reform also directly implemented a number of pro-family policies. The child tax credit increased from $1,000 to $2,000, and even parents who don’t make enough money to pay income tax can still claim over $1,000 of the credit. Additionally, 529 savings plans can now be used for private school tuition.
The President’s daughter, Ivanka Trump, is also leading efforts to implement a national paid family leave policy. As the First Daughter said in her recent op-ed, "If executed responsibly, paid family leave is targeted government action with the right incentives — designed to increase the independence, health and dignity of our citizens".
The economy is almost unrecognizable from where it was two years ago. Pennsylvanians have more job opportunities and more money in their pockets than they’ve had in years.
But this is only the beginning.
As long as Americans vote to send Republicans who will support President Trump’s agenda to Washington, D.C. in November, taxes and regulations will continue to be cut, and the wealth, health, and happiness of America’s families will continue to grow.
World Economic Forum confirms the US is great again under Trump
The Hill ^
The World Economic Forum’s (WEF) 2018 World Competitiveness Report ranks the United States No. 1 in global competitiveness, up from No. 3 in the past few years and its first top ranking in a decade. A high ranking matters.
As the WEF reports: “Global competitiveness is determined by the set of institutions, policies and factors that determine the level of productivity of a country … And productivity leads to growth ... and improved well-being. The U.S.’s top ranking therefore suggests a lot of growth and prosperity to come."
According to the Davos elite (who are no fans of Donald Trump), the U.S. is indeed “great again,” to borrow a Trumpian slogan. It is the country, according to the WEF, that should best prosper in Davos’ “fourth industrial revolution.”
As the world’s most innovative economy, America is well positioned to take advantage of the new competitive environment. This should be welcome news for the Trump administration and a Republican Party fighting to retain control of Congress.
As to methodology: The WEF ranks each of the 140 countries they study according to what they identify as the determinants of productivity and dynamism. The individual country scores are determined by a combination of executive opinion surveys and quantitative measures.
Which countries, they ask, will better be able to compete in the age of social media, robotics, big data and whatever else may come.
The 2018 World Competitiveness Report ranks countries according to 12 productivity-enhancing “pillars,” among them legal institutions, infrastructure, macroeconomic stability, skills of the labor force, product and labor markets, the financial system and innovation capability.
The U.S. ranks in the top three in more than half of the categories and is in first place in three categories — labor market, the financial system and business dynamism. The U.S. trails only Germany in innovation capability.
If we drill down inside the pillars, we see why the WEF has awarded the U.S. its top ranking: Our labor market is flexible, unlike highly regulated labor markets elsewhere. Employers hire and fire freely, redundancy costs are low, wage determination is flexible and professional management is the order of the day.
The strengths of the U.S. financial system are its promotion of business formation and innovation through its provision of capital to the private sector, its financing of small- and medium-size businesses and lively venture capital markets.
U.S. dynamism is reflected in its positive attitudes toward entrepreneurial risk, efficient bankruptcy procedures and the fact that innovative companies are given room to grow. Factors that promote innovative capacity are such things as the highest quality research institutions and strong cluster development.
On the politically-charged issue of infrastructure, the U.S. ranking is relatively high with the world’s best road and airport connectivity and electrification rate.
If we exclude the two city-states (Singapore and Hong Kong), U.S. infrastructure ranks No. 7 behind Germany, Japan, Korea, Netherlands, France, and Switzerland — all noted for their excellent infrastructure.
ETC...
The Hill ^
The World Economic Forum’s (WEF) 2018 World Competitiveness Report ranks the United States No. 1 in global competitiveness, up from No. 3 in the past few years and its first top ranking in a decade. A high ranking matters.
As the WEF reports: “Global competitiveness is determined by the set of institutions, policies and factors that determine the level of productivity of a country … And productivity leads to growth ... and improved well-being. The U.S.’s top ranking therefore suggests a lot of growth and prosperity to come."
According to the Davos elite (who are no fans of Donald Trump), the U.S. is indeed “great again,” to borrow a Trumpian slogan. It is the country, according to the WEF, that should best prosper in Davos’ “fourth industrial revolution.”
As the world’s most innovative economy, America is well positioned to take advantage of the new competitive environment. This should be welcome news for the Trump administration and a Republican Party fighting to retain control of Congress.
As to methodology: The WEF ranks each of the 140 countries they study according to what they identify as the determinants of productivity and dynamism. The individual country scores are determined by a combination of executive opinion surveys and quantitative measures.
Which countries, they ask, will better be able to compete in the age of social media, robotics, big data and whatever else may come.
The 2018 World Competitiveness Report ranks countries according to 12 productivity-enhancing “pillars,” among them legal institutions, infrastructure, macroeconomic stability, skills of the labor force, product and labor markets, the financial system and innovation capability.
The U.S. ranks in the top three in more than half of the categories and is in first place in three categories — labor market, the financial system and business dynamism. The U.S. trails only Germany in innovation capability.
If we drill down inside the pillars, we see why the WEF has awarded the U.S. its top ranking: Our labor market is flexible, unlike highly regulated labor markets elsewhere. Employers hire and fire freely, redundancy costs are low, wage determination is flexible and professional management is the order of the day.
The strengths of the U.S. financial system are its promotion of business formation and innovation through its provision of capital to the private sector, its financing of small- and medium-size businesses and lively venture capital markets.
U.S. dynamism is reflected in its positive attitudes toward entrepreneurial risk, efficient bankruptcy procedures and the fact that innovative companies are given room to grow. Factors that promote innovative capacity are such things as the highest quality research institutions and strong cluster development.
On the politically-charged issue of infrastructure, the U.S. ranking is relatively high with the world’s best road and airport connectivity and electrification rate.
If we exclude the two city-states (Singapore and Hong Kong), U.S. infrastructure ranks No. 7 behind Germany, Japan, Korea, Netherlands, France, and Switzerland — all noted for their excellent infrastructure.
ETC...
U.S. Is World’s Most Competitive Economy for First Time in a Decade
The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues.
America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries’ scores rose from 2017, with the U.S. notching the second-biggest gain after Japan’s.
The top spot hasn’t gone to the U.S. since the financial crisis stalled output and triggered a global economic slowdown.
“Economic recovery is well underway, with the global economy projected to grow almost 4% in 2018 and 2019,” said the report, published Tuesday by the organization that produces the Davos conference on global politics and economics.
However, “recovery remains vulnerable to a range of risks and potential shocks,” the authors warned. They cite a brewing trade war between the U.S. and China as a possible hindrance to growth that could potentially derail the recovery and deter investment. The U.S. has levied tariffs on a total of $250 billion of Chinese goods and China has retaliated with tariffs on $110 billion of U.S. exports as the two nations spar over trade imbalances and other issues.
Read more at wsj.com ...
The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues.
America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries’ scores rose from 2017, with the U.S. notching the second-biggest gain after Japan’s.
The top spot hasn’t gone to the U.S. since the financial crisis stalled output and triggered a global economic slowdown.
“Economic recovery is well underway, with the global economy projected to grow almost 4% in 2018 and 2019,” said the report, published Tuesday by the organization that produces the Davos conference on global politics and economics.
However, “recovery remains vulnerable to a range of risks and potential shocks,” the authors warned. They cite a brewing trade war between the U.S. and China as a possible hindrance to growth that could potentially derail the recovery and deter investment. The U.S. has levied tariffs on a total of $250 billion of Chinese goods and China has retaliated with tariffs on $110 billion of U.S. exports as the two nations spar over trade imbalances and other issues.
Read more at wsj.com ...
airplanemechanic
Diamond Member
- Nov 8, 2014
- 18,415
- 13,694
- 2,415
While this week did suck, no market can go up and up and up forever. There have always been market corrections. Why would there not be under Trump?
Why did the stock market drop? Here are the reasons for the Dow plunge
USA Today
Oct 10, 2018 · In short, there's no longer a need for borrowing costs to stay at depressed, emergency levels. The fear now is that Trump's economy will get too hot and cause both price and wage inflation to spike, which hurts the buying power of consumers and crimps the earnings of employers
USA Today
Oct 10, 2018 · In short, there's no longer a need for borrowing costs to stay at depressed, emergency levels. The fear now is that Trump's economy will get too hot and cause both price and wage inflation to spike, which hurts the buying power of consumers and crimps the earnings of employers
I can't help it, you just suck at this!Large fonts do not make a case stronger for a wingnut on a mission LOL
georgephillip
Diamond Member
After congressional Republicans spent a decade strangling economic recovery for political gain, Trump moved into the White House, and, suddenly, they became believers in stimulus spending, injecting almost $300 billion fiscal stimulus over the next two years:Perhaps a new branch of economics has evolved since the appearance of Trump. Stable genius economics where the objective is bankruptcy.
Exports are down, imports are up, Soybean sales down 97%.
Roll the dice again stable genius Donald Trump.
Trump Economy Had Lousy Week As Dow Jones Dives, Trump Tariffs Bite
The Trump Economy's Lousy Week: Dow Dives, Tariffs Bite, CapEx Slows
Trumponomics just had its worst week. The sinking Dow Jones, S&P 500 and Nasdaq composite were hardly the only red flags. While GDP is growing briskly and wage growth has accelerated — damage from Trump tariffs and slowing business investment are beginning to raise a few doubts about the sustainability of the Trump boom.
Central to Trumponomics is the notion that the U.S. can have its cake and eat it too, that there aren't trade-offs in economic policy. In other words, it's possible to put the fiscal pedal to the metal without worrying about higher interest rates and a higher dollar. Trade wars are good, easy to win and won't impede a U.S. investment boom and a roaring bull market.
The news this week offers some reason to wonder whether the heyday of Trumponomics might be winding down and a string of negative economic surprises are around the corner.
Winning The Trade War?
Goods exports slid 7% in the third quarter, the biggest drop since early 2015, Commerce Data show. That probably reflects at least some payback from strong export growth in the second quarter, when U.S. exporters sought to get ahead of the China trade war and its tit-for-tat tariffs that started hitting in July.
Yet it also may reflect lost business. The USDA reported that U.S. soybean exports to China over the past seven weeks tumbled 97% vs. a year ago. China's retaliatory tariffs on soybeans help explain the steep drop, though higher inventories in China also are a factor.
Meanwhile, motor vehicle exports to China plunged 56% from a year ago in August, and Beijing's tariff hike on U.S. vehicle imports likely bear some of the blame. BMW has reportedly moved some China-bound SUV manufacturing from South Carolina to avoid Chinese tariffs. This week, Daimler (DDAIF) said it's looking at moving some SUV manufacturing from Alabama for the same reason, though no decisions have been made.
Conversely, goods imports surged 10.3% in Q3, likely related to getting ahead of the Trump tariffs on $200 billion in Chinese imports that took effect in late September. Those China tariffs are set to escalate to 25% on Jan. 1 if there's no deal before then.
The “boom” of 2018 tells us that fiscal stimulus works, but that the GOP has only used it when it helps their re-election, not when it helps typical families
"In the run-up to the 2016 elections, we documented clearly that that recovery from the Great Recession had been intentionally throttled by a historically large dose of austerity; specifically, historically slow growth in public spending.
"The main actors in imposing that austerity were Republicans in Congress, with some assists from Republican governors and state legislatures (think Sam Brownback from Kansas and Scott Walker from Wisconsin).
"The quick federal pivot to stimulus once the White House changed hands in 2017 makes the political roots of all this pretty clear."
McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
- 275
- Banned
- #33
LOL...
Market makes a correction and left wingers go into the "sky is falling" screaming at the sky....
As for dairy, the tariffs into Canada are gone and our goods are moving there rapidly... Your full of shit as most farmers are doing much better in the bread basket.. California regulations are what is killing your farmers..
Guess again, pal.
Fed says the new NAFTA isn't going to help US dairy farmers
JBvM
VIP Member
Another resident house expert on sucking? What a siteI can't help it, you just suck at this!Large fonts do not make a case stronger for a wingnut on a mission LOL
Trump ran a family business his whole life. Doesn't make him a financial genius and certainly doesn't make him a economic expert
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