TexasTiger 12,796 Posted January 14, 2019 Share Posted January 14, 2019 “While the economic gashes aren’t enough to derail the recovery, now in its 10th year, they appear to be at least temporarily diminishing the vigor of an expansion that was already projected to slow in 2019. Output is now expected to grow at a 2.2% pace in the first quarter, less than an estimated 3.1% growth recorded in 2018.” https://www.wsj.com/articles/shutdown-pinches-economic-growth-11547423636?mod=hp_lead_pos3 Link to comment Share on other sites More sharing options...
Mikey 16,545 Posted January 14, 2019 Share Posted January 14, 2019 Clearly, the Trump economy sucks. Low unemployment, blue collar raises are high relative to other sectors, consumer confidence very high. Yep, it sucks to be a Trump hater these days. Nothing to hang you hat on except made-up speculation. Link to comment Share on other sites More sharing options...
homersapien 11,347 Posted January 14, 2019 Share Posted January 14, 2019 On 1/14/2019 at 9:55 AM, Mikey said: Clearly, the Trump economy sucks. Low unemployment, blue collar raises are high relative to other sectors, consumer confidence very high. Yep, it sucks to be a Trump hater these days. Nothing to hang you hat on except made-up speculation. Trump inherited a good economy, that's a fact. To the extent that any president has an effect on the economy, it takes a couple of years to happen.One disturbing fact about our economy: Normally when the economy is this good, the deficit declines. When the economy is doing poorly, the deficit rises. This is the first time we have had an economy doing this well with the deficit is increasing. (Hello tax cut to the wealthy.) This doesn't bode well for the next downturn. http://www.crfb.org/blogs/deficit-has-never-been-high-when-economy-was-strong Link to comment Share on other sites More sharing options...
HVAU 673 Posted January 14, 2019 Share Posted January 14, 2019 1 hour ago, Mikey said: Clearly, the Trump economy sucks. Low unemployment, blue collar raises are high relative to other sectors, consumer confidence very high. Yep, it sucks to be a Trump hater these days. Nothing to hang you hat on except made-up speculation. The economy is healthy in general, but let's look, once again, at some of the trumpeted numbers. Unemployment is low now, however, this trajectory was established long before Trump's policies were implemented. The years of Trump have seen deceleration of the positive trend with a recent, very slight uptick in unemployment. https://tradingeconomics.com/united-states/unemployment-rate I haven't found the data you refer to regarding blue collar wages. If that is correct it is good news. There is a lot to accomplish. Here are some statistics on wage growth, corporate profit sharing and wage gaps. You can view and draw your own conclusions. I see some positive and some negative trends. https://www.epi.org/nominal-wage-tracker/ Consumer confidence is high relative to it's lows of the mid-2000's. However, this is another tale of trajectory. Other than a sharp negative spike in 2012, consumer confidence has been rising for 10+ years. Viewing the positive spikes of the last five years reveals a very flat trajectory. The spikes of the one previous year have a negative trajectory. https://tradingeconomics.com/united-states/consumer-confidence The stock market was in correction territory at the end of 2018. There has been a rebound in this first period of 2019, but we are still approximately 2500 away from the highs the stock market saw in 2018. There is a patch of bad news in earnings presently, but there may be good news to come. Of significant concern are the predictions by respected economic bodies of a global slowdown. http://www.oecd.org/sdd/leading-indicators/composite-leading-indicators-cli-oecd-january-2019.htm There is also concern over the US strategy with China. The US trade deficit with China grew despite Trump adminstration trade policies. https://www.cnbc.com/2019/01/14/china-2018-full-year-december-trade-exports-imports-trade-balance.html At the end of the day whether or not the Trump adminstration will be viewed as a success or failure in the realm of economics remains to seen. In my opinion his views and strategies are simplistic, lack nuance and will ultimately have a negative impact on both the US and global economies. It's a little early, however, for victory laps from either side of the prediction spectrum. Link to comment Share on other sites More sharing options...
TexasTiger 12,796 Posted January 14, 2019 Author Share Posted January 14, 2019 7 hours ago, Mikey said: Clearly, the Trump economy sucks. Low unemployment, blue collar raises are high relative to other sectors, consumer confidence very high. Yep, it sucks to be a Trump hater these days. Nothing to hang you hat on except made-up speculation. No made up speculation. He’s doing his best to mess up a decent economy . But you stay ignant. Link to comment Share on other sites More sharing options...
AuCivilEng1 10,995 Posted January 15, 2019 Share Posted January 15, 2019 It bothers me how people think things were so bad under Obama, but Trump has just miraculously fixed everything. He's riding the coat tails of an upward leaning trajectory and claiming it all to himself. Because that's what he does! He cons people into thinking he's smarter than he is. He plasters his name on something and claims he thought of it, built it, etc. Link to comment Share on other sites More sharing options...
TexasTiger 12,796 Posted January 15, 2019 Author Share Posted January 15, 2019 1 hour ago, AuCivilEng1 said: It bothers me how people think things were so bad under Obama, but Trump has just miraculously fixed everything. He's riding the coat tails of an upward leaning trajectory and claiming it all to himself. Because that's what he does! He cons people into thinking he's smarter than he is. He plasters his name on something and claims he thought of it, built it, etc. Classic con man. Still amazed people can’t see that. Link to comment Share on other sites More sharing options...
SaltyTiger 7,761 Posted January 15, 2019 Share Posted January 15, 2019 56 minutes ago, TexasTiger said: Classic con man. Still amazed people can’t see that. Amazed? Tex we have a president that you claim to be stupid. Same guy that was able to collude with Russia and steal the presidency of the greatest country ever known to mankind. Now he is able to sabotage our economy according to you. What amazes you? Link to comment Share on other sites More sharing options...
TexasTiger 12,796 Posted January 16, 2019 Author Share Posted January 16, 2019 On 1/14/2019 at 8:18 PM, SaltyTiger said: Amazed? Tex we have a president that you claim to be stupid. Same guy that was able to collude with Russia and steal the presidency of the greatest country ever known to mankind. Now he is able to sabotage our economy according to you. What amazes you? When did I call him stupid? Dishonest, a con man, incompetent and probably a career criminal. Amoral, narcissistic, hateful, vindictive, mean-spirited— but stupid? Nah. He’s intuitive. He’s got a certain genius. It ain’t stable, though. He’s your kind of guy- I guess you see yourself in him. He speaks for you. He’s so incompetent he won a Presidency he didn’t want. He’s so incompetent he’s slowing the economy because Americans don’t want to go in even more debt for a useless wall that he swore Mexico would pay for. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.