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US consumer confidence rises to 18-year high

Hedgology said:
If you understand how rounding works, then you'll understand why 40% isn't nearly half. It has nothing to do with finance or economics, it's just basic math. 39.4% rounded to the nearest one is 40%, not 50%. 40% rounded to the nearest ten is 40%, not 50%.
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Doesn't change the fact that no matter how you want to look at it 40% is merely 10 points away from being NEARLY 50%. Period!
 
Atomic Kid said:
Doesn't change the fact that no matter how you want to look at it 40% is merely 10 points away from being NEARLY 50%. Period!
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If you want to use a weasel word to convey a magnitude that doesn't exist, sure. However, don't be surprised when some cheetah bowl accuses you of fake news. There is a difference between being precise and being accurate.
 
dobieg said:
Typical irrational TDS.
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No denial of the facts by a Trump supporter.

Hey look the emperor has no clothes!

I've taken at last one economics course at the university level. Have you?
 
EnigmaO01 said:
Which means Trump hasn't been in office long enough to take credit. Thanks for making my point.
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Sorry, but that's not how it works. First year of any Presidents term the previous President gets the credit/blame. After that first year though the current President gets the credit/blame. Also called the honeymoon period. I know, you HATE to give Trump any credit. But plain fact of the matter is that Trump HAS enacted policies that ARE affecting the market. Obama no longer gets credit. Only reason to not give Trump credit is partisanship.
 
Yes, the economy is on the upswing, and has been for about eight years now. That's mainly due to the FED, and not to either of the presidents. Let's hope it continues, and doesn't suffer from Trump's trade wars.
 
Kal'Stang said:
Sorry, but that's not how it works. First year of any Presidents term the previous President gets the credit/blame. After that first year though the current President gets the credit/blame. Also called the honeymoon period. I know, you HATE to give Trump any credit. But plain fact of the matter is that Trump HAS enacted policies that ARE affecting the market. Obama no longer gets credit. Only reason to not give Trump credit is partisanship.
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Let's see, on August 22 the market set a record for the longest 'bull market in US history at 3,453 days of sustained growth. Trump as of today has been in office for only 585 days of that growth. Take away one year (365 days) of that for as you call it, for the 'honey period' and who would you say then gets most of the credit for this sustained growth?
 
Atomic Kid said:
Let's see, on August 22 the market set a record for the longest 'bull market in US history at 3,453 days of sustained growth. Trump as of today has been in office for only 585 days of that growth. Take away one year (365 days) of that for as you call it, for the 'honey period' and who would you say then gets most of the credit for this sustained growth?
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Like it or not, the honeymoon period is over. Obama no longer gets credit. Trump has enacted policies that affect the economy. It's all on him now. Both the good and the bad.
 
Atomic Kid said:
Let's see, on August 22 the market set a record for the longest 'bull market in US history at 3,453 days of sustained growth. Trump as of today has been in office for only 585 days of that growth. Take away one year (365 days) of that for as you call it, for the 'honey period' and who would you say then gets most of the credit for this sustained growth?
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Oh, no question about it, Obama deserves all the credit for the stock market, the booming economy, full time job creation, tax cuts for the American taxpayers and for the fact that we haven't had a hurricane this summer yet. I wonder what his actual numbers would be had he left officer earlier since all these numbers now are after he left office.

The Obama numbers were outstanding and far and away kicked the hell out of Reagan

Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
[Percent]
Bureau of Economic Analysis
Last Revised on: July 27, 2018 - Next Release Date August 29, 2018

Line 2008 2009 2010 2011 2012 2013 2014 2015 2016
Line
1 Gross domestic product -0.1 -2.5 2.6 1.6 2.2 1.8 2.5 2.9 1.6
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Reagan GDP

Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product
[Percent]
Bureau of Economic Analysis
Last Revised on: July 27, 2018 - Next Release Date August 29, 2018

Line 1980 1981 1982 1983 1984 1985 1986 1987 1988
Line
1 Gross domestic product -0.3 2.5 -1.8 4.6 7.2 4.2 3.5 3.5 4.2
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As you can see that far and away beats Reagan and Obama did a much better job as well in debt as his number was 9.3 and Reagan's 1.7 trillion. 9.3 vs 1.7 is an incredible win for Obama beating Reagan by 7.6 trillion dollars, Congratulations Obama!!

On employment another stellar performance Obama had pre recession numbers of 146 million and left us at 152 million or 6 million more employed

Reagan had pre recession numbers of 99 million and left us at 116 million or 17 million more. 6 million is a lot better than 17 million, Congratulations Obama

Oh almost forgot, all those part time employees that got jobs under Obama appreciated the opportunity to work even though they wanted full time jobs. 8 million of the Obama employed were Part time for economic reasons. Congratulations Obama!!

So Atomic, thanks so much for your support and truly bringing the Obama performance to light. Now if we could only find room on Mt. Rushmore for him!
 
Kal'Stang said:
Like it or not, the honeymoon period is over. Obama no longer gets credit. Trump has enacted policies that affect the economy. It's all on him now. Both the good and the bad.
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Like it or not what that means is that he inherited a strong and steadily growing economy. He wasn't the creator of it.
 
Atomic Kid said:
Like it or not what that means is that he inherited a strong and steadily growing economy. He wasn't the creator of it.
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Regardless if he inherited a growing economy his policies that he has enacted since becoming President could have stopped that growth cold. It didn't. The economy has continued to grow with those policies in effect. Therefore he gets the credit for the economy continuing to grow. No matter how much you equivocate and try to deny that fact.
 
Conservative said:
Oh, no question about it, Obama deserves all the credit for the stock market, the booming economy, full time job creation, tax cuts for the American taxpayers and for the fact that we haven't had a hurricane this summer yet. I wonder what his actual numbers would be had he left officer earlier since all these numbers now are after he left office.



Reagan GDP



As you can see that far and away beats Reagan and Obama did a much better job as well in debt as his number was 9.3 and Reagan's 1.7 trillion. 9.3 vs 1.7 is an incredible win for Obama beating Reagan by 7.6 trillion dollars, Congratulations Obama!!

On employment another stellar performance Obama had pre recession numbers of 146 million and left us at 152 million or 6 million more employed

Reagan had pre recession numbers of 99 million and left us at 116 million or 17 million more. 6 million is a lot better than 17 million, Congratulations Obama

Oh almost forgot, all those part time employees that got jobs under Obama appreciated the opportunity to work even though they wanted full time jobs. 8 million of the Obama employed were Part time for economic reasons. Congratulations Obama!!

So Atomic, thanks so much for your support and truly bringing the Obama performance to light. Now if we could only find room on Mt. Rushmore for him!
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Reagan was President over 30 years ago. Let's try to stay up with the current times. OK?
 
Atomic Kid said:
Reagan was President over 30 years ago. Let's try to stay up with the current times. OK?
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Yes, lets. And currently Trump is in office and has enacted economic policies that Obama did not.....also....hasn't Trump gotten rid of some of Obama's economic policies? .....Hmm....
 
Atomic Kid said:
Reagan was President over 30 years ago. Let's try to stay up with the current times. OK?
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Oh I agree with you but Obama was a greatest president of all time as the numbers show

Sent from my SAMSUNG-SM-G930A using Tapatalk
 
Kal'Stang said:
Yes, lets. And currently Trump is in office and has enacted economic policies that Obama did not.....also....hasn't Trump gotten rid of some of Obama's economic policies? .....Hmm....
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It's only his to screw up and looks to be working hard at doing just that.
 
Kal'Stang said:
Yes, lets. And currently Trump is in office and has enacted economic policies that Obama did not.....also....hasn't Trump gotten rid of some of Obama's economic policies? .....Hmm....
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You mean like banking regulations? How many times do you have to get burned or more accurately the American people have to get burned, before you finally learn to stop playing with fire?
 
Kal'Stang said:
Sorry, but that's not how it works. First year of any Presidents term the previous President gets the credit/blame. After that first year though the current President gets the credit/blame. Also called the honeymoon period. I know, you HATE to give Trump any credit. But plain fact of the matter is that Trump HAS enacted policies that ARE affecting the market. Obama no longer gets credit. Only reason to not give Trump credit is partisanship.
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Not to mention, but outside of the few here and on social media outlets that suffer from TDS, MOST American's have already forgotten about Obama. He's not getting any credit, period, and Dem's in congress, deep in their hearts know this. They also know that all these polls showing them super duper support for the mid terms are flimsy at best, and I can tell you first hand they are NOT relying on them, Sans Hillery! What I love about it all is that the exact same players that got it all wrong for them in 2016 are still in charge for 2018.. ;)

Republican's, independents, black and browns are coming to the polls in November; the question is, who are they coming for? Does the economy, trade, jobs, foreign success, not fighting more wars matter to them? If it does, then they'll be coming for the group that has that message. The group that has the message, he's not my president will get their base, but it won't be enough! Sure Pelosi, and Schumer can win in places like New York, and San Francisco, but they wouldn't stand a chance practically anywhere else. It's the anywhere else places that will decide the mid-terms, nothing more, nothing less.


Tim-
 
Atomic Kid said:
Reagan was President over 30 years ago. Let's try to stay up with the current times. OK?
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Reagan has everything to do with current times. It is his failed economic policies that have fuelled a personal and national debt problem that has put the US in the weak economic situation it is in now.

You don't lower taxes to fix a massive deficit... and yet the GOP continues down the road to default just to get short term benefits.

Sendt fra min SM-N9005 med Tapatalk
 
PeteEU said:
I know what they are trying to do.. trying to prove that the good economy is all Trumps and the GOPs doing and I have no doubt that a lot of people will fall for it.
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Falling for the truth, I know right?

Fact is the economy was already going very well under Obama and has kept the same pace since then.
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False, the economy is growing at a faster rate. Not a fact.

Fact is that the economy at or near full employment which is a problem since the current nazi government does not like non Americans coming in to work
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Not a Nazi government, no comment like this should be taken seriously. All governments want their people working. Near full employment except for those that have dropped out of the workforce.
Fact is that the US government is so far in the red, that it has gone around the planet and smacked them in the head.
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How the **** is this stupid comment a fact?

Fact is the US consumer has been spending far more than it is earning, which means higher debt and less savings.. a badddd thing.
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Except its on record that consumers have been paying down debt for several years now.

Fact is the US consumer has seen wages go DOWN under Trump so far.. not that they went anywhere with any president since the 1970s
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False again. Flat is not decreasing. Wages have been increasing, inflation has picked up and kept pace. https://blogs.wsj.com/moneybeat/2018/07/12/rising-inflation-is-eroding-wage-gains/ This is a bad situation, competition for wages needs to occur.

The US economy is basically a titan on clay stilts that are slowly but surely being dissolved and no amount of propaganda from the right can change that.. only action and realistic tax and spending regimes.. not that voodoo Reagan trickle down your leg **** they have been pushing for almost 40 years.
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You hate the US, its noted. So why should anyone care about your opinion given your animus?
 
Atomic Kid said:
Let's see, on August 22 the market set a record for the longest 'bull market in US history at 3,453 days of sustained growth. Trump as of today has been in office for only 585 days of that growth. Take away one year (365 days) of that for as you call it, for the 'honey period' and who would you say then gets most of the credit for this sustained growth?
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But that's math. Trump and his minions aren't so good at math. If they were, we wouldn't be predicting a trillion dollar deficit in a time of economic prosperity.
 
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