Fake news pushing recession

ttwtt78640 said:

The problem is that Trump claiming the stock market gains were (largely or mostly) due to his policies may come back to bite him since any stock market loss should then be "owned" by Trump and attributed (largely or mostly) to his policies as well.

Click to expand...

Regardless of what he claims, in my uneducated opinion, market upturn depends, at least to an extent, on consumer confidence. It seems that consumers are still confident. Now, if the media tells us day in and day out that the sky is falling, the economy will go down as well.
My prediction is that China will play hard to get, simply because they don't want to play with Donald and are eagerly awaiting another wet noodle potus who crawls up their rear. It is in their best interest.
Worried about Russia and election interference? Watch China and its far sighted ability to manipulate us, with the help of our anti Trump friends, of course.
Again, that is only my uneducated opinion.

Have at it, or don't.

Lovebug said:

Regardless of what he claims, in my uneducated opinion, market upturn depends, at least to an extent, on consumer confidence. It seems that consumers are still confident. Now, if the media tells us day in and day out that the sky is falling, the economy will go down as well.
My prediction is that China will play hard to get, simply because they don't want to play with Donald and are eagerly awaiting another wet noodle potus who crawls up their rear. It is in their best interest.
Worried about Russia and election interference? Watch China and its far sighted ability to manipulate us, with the help of our anti Trump friends, of course.
Again, that is only my uneducated opinion.

Have at it, or don't.

Click to expand...

A least you're honest about it.


<claps>

vesper said:

I just watched a montage of the MSM pushing doom and gloom of a recession is around the corner this week. I have watched a clip of Bill Mayer hoping for a recession because that would cause Trump to lose the election.

U.S. economy is strong. But there are several countries right now are not doing well. Germany, UK, and China to name some that are a big part of the volatility in the market.

Look it is natural for recessions to occur but when you look at all the stats it isn't likely in the very near future.

Click to expand...

Yet, a lot of companies are warning they are going to have to pass their increased costs to the consumer

Dollar Tree, Dollar General raising prices due to Trump tariffs - syracuse.com

Reuters reports both companies reported strong quarterly sales Thursday, sending shares up about 6 percent, but executives for both companies said the cost of tariffs will likely be shifted to consumers. Other companies, including Walmart, Coca-Cola, Best Buy, Procter & Gamble, Ford, Harley-Davidson, Macy’s and the Gap, have similarly said prices will go up if tariffs continue.

Click to expand...

calamity said:

A least you're honest about it.


<claps>

Click to expand...

While others deem themselves experts on everything. Just think about all the Phds we have posting here.

Lovebug said:

While others deem themselves experts on everything. Just think about all the Phds we have posting here.

Click to expand...

That's why on stuff like this (economy), I post mostly facts, keeping my opinions to a minimum.


Economic hardships lead to skyrocketing suicide rates among Wisconsin farmers

“Farmers were pretty assured of having a home for their milk. The tides have turned … we have … too much production, not enough people drinking milk, and the trade issues of today,” Friar said.

The “trade issues of today” refer to the U.S.’ ongoing trade war with China, which has had a severe impact on the industry, he explained.

Click to expand...

Farming’s Economic Troubles Go Much Deeper than Floodwaters

Flooding and trade wars have intensified weaknesses that have long swirled under the media’s radar. Recent crises remind many of the worst days of the 1980s.

Click to expand...

U.S. manufacturing is in a ‘technical recession.’

The industry is facing the double whammy of President Trump’s trade war and declining purchases from abroad as Europe, China and other countries are slowing down.

The red flags have been rising for the manufacturing section this year. Hiring has slowed sharply. Last year, the sector was averaging 22,000 new jobs a month, according to Labor Department data. This year it’s down to 8,000. And a popular gauge of manufacturing’s health — the PMI (Purchasing Managers’ Index) — has tumbled in recent months and now sits at near-recession levels.

...the biggest warning sign arrived last week when the Federal Reserve reported that U.S. manufacturing was in a “technical recession” the first half of 2019.

Click to expand...

Lovebug said:

Regardless of what he claims, in my uneducated opinion, market upturn depends, at least to an extent, on consumer confidence. It seems that consumers are still confident. Now, if the media tells us day in and day out that the sky is falling, the economy will go down as well.
My prediction is that China will play hard to get, simply because they don't want to play with Donald and are eagerly awaiting another wet noodle potus who crawls up their rear. It is in their best interest.
Worried about Russia and election interference? Watch China and its far sighted ability to manipulate us, with the help of our anti Trump friends, of course.
Again, that is only my uneducated opinion.

Have at it, or don't.

Click to expand...

The opposite case would be that of consumers who were so confident that the housing market would go up forever that they kept using their home as an ATM.

Right up until they found out they were wrong. And that the folks who told them it was fine to do so got out before the crash and then used all that profit to buy their house after it was foreclosed on.

Lovebug said:

Regardless of what he claims, in my uneducated opinion, market upturn depends, at least to an extent, on consumer confidence. It seems that consumers are still confident. Now, if the media tells us day in and day out that the sky is falling, the economy will go down as well.
My prediction is that China will play hard to get, simply because they don't want to play with Donald and are eagerly awaiting another wet noodle potus who crawls up their rear. It is in their best interest.
Worried about Russia and election interference? Watch China and its far sighted ability to manipulate us, with the help of our anti Trump friends, of course.
Again, that is only my uneducated opinion.

Have at it, or don't.

Click to expand...

While it is true that the US economy is heavily (60%?) dependent on consumer spending it is also true that much of that consumer spending is dependent on folks having US farming, energy and manufacturing jobs. The question is: does the US benefit more from having less expensive imports available in the US or from having more US products on the domestic and world markets? Even demorats (like Chuck Schumer) realize that having China (and other nations) dump products on our shores (or ignore patents and copyrights) is a small short term gain in exchange for serious long term pain.

Jason Warfield said:

Low unemployment rate due to baby boomers retiring out of the work pool.

Yes, low unemployment among Latinos and African Americans...but, as the experts put it, that started in 2009 and Trump's contribution to its decline is less than one percent. In other words, an Obama policy is the driving force behind this, not Trump.

Yes, participation in SNAP has gone down, but by 3.9 million, not 7. And again...due to an Obama-era policy, not Trump's.

More jobs, yes, not enough qualified workers to fill them, however. Plus all those jobs that people won't take but complain when legal immigrants (and illegal) do.

And the stock market....sure, it rose in a couple days, then it went down....then it went up....then it will go down again...then it will go up again....and the cycle goes on and on and on with the president (any president for that matter) having very little to do with it.... But, if you insist Trump to get credit for when it goes up...shouldn't he get credit for when it goes down, and if so...why haven't you said anything about that?

Click to expand...

Rationalizing?

The population is always growing. There are always more new young people entering the work force, more than leaving.

Your first sentence smalls of indoctrination, or rationalizing.

As for the excess of low skilled jobs... Don't let the illegals have them, and see hoist much more employers will pay to entice legal workers.

RAMOSS said:

Yet, a lot of companies are warning they are going to have to pass their increased costs to the consumer

Dollar Tree, Dollar General raising prices due to Trump tariffs - syracuse.com

Click to expand...

I just saw a survey yesterday that 30 some percent of economists think it is possible for a recession to hit in the coming year. That hardly amounts to a clarion call to request action or instill fear. I also read that Walmart and Macy's were not immediately going to push onto their customers higher costs due to tariffs. How sweet of the Waltons who make 4 million an hour to hold off raising prices.

Dollar Tree announced several months back that in the near future their stores will no longer be dollar items only.

If you have grandkids then you love the Dollar Tree. You can get helium balloons for a buck a piece. You can get Kool-Aid freezer pops (24) and Hallmark cards for a buck. They have those pool noodles for a buck a piece and I would buy a slew of them to take to my brother's home where their beautiful pool has been open anytime I want to take the grandkids when they were here for a visit. They have Silly string and water balloons for a buck. When all the grandkids were young, a trip to the Dollar Tree was a big deal. Out of six grandkids,for 2 it still is a big deal but the other four are young adults now. They have the memories of grandma giving them 10 bucks to push their little carts through the store to get whatever they wanted. It was fascinating to watch what they would pick out!

Keepmcrying2020 said:

The stock market is higher since the day he took office even with the 800 point loss.

Click to expand...

The market was already on an upward trajectory and would've gone higher no matter who was president.

Trump is his own worst enemy where the economy is concerned. The Dow is dropping because of Trump's flip flopping trade wars and attacks on the Federal Reserve. If he just learned how to keep his little butt hole mouth shut, the markets would be fine.


Dow Jones Industrial Average Drops as Donald Trump Tweets Spook Market - Barron's

Markets drop sharply as Trump digs in on Fed attacks - POLITICO

Keepmcrying2020 said:

Fakes news is pushing recession because they know Trump can’t be beat. Very low unemployment rate, record low unemployment rate for Hispanics and African Americans, more jobs available and wages are going up! Also 7 million people off food stamps. The media didn’t give him credit when he to the stock market from 18,500 to 26,000 .

Click to expand...

The bull**** is thick with you. You are not to be taken seriously. 39 posts and you've been exposed.