Economy is Tanking

calamity said:

By November of next year, it'll resonate. That is for sure.

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Fletch said:

The idea of globalism predates Trump :roll: and it has nothing to do with CT

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ElChupacabra said:

If it does then yes, and criticism of Trump policy (if there is a direct link) will be an easier attack.

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iguanaman said:

Of course it does, the alt-right has been saying this **** for years and blaming the Jews for it. It didn't even start with Hitler either.

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eohrnberger said:

The Economy is Tanking?

Dow and S&P 500 hit new record high - CNN - CNN.com
https://www.cnn.com/2019/07/11/investing/dow-stock-market-today/index.html
5 hours ago - The Dow and the S&P 500 finished at new all-time highs on Thursday. ... The benchmark topped 27,000 for the first time on Thursday.

Stocks hit new highs: Dow tops 27000 and S&P ... - Los Angeles Times
[url]https://www.latimes.com/.../la-fi-stock-market-record-high-dow-sp500-20190711-stor...[/URL]
5 hours ago - The Dow Jones industrial average and the benchmark Standard & Poor's 500 index climbed to new closing highs Thursday, with the Dow ...

Dow breaks 27,000; S&P hits record - Times Union
https://www.timesunion.com/.../Dow-breaks-27-000-S-P-hits-record-14089493.php
3 hours ago - Dow breaks 27,000; S&P hits record. Confident that Fed will lower interest rates, buyers keep market's momentum rolling. Alex Veiga ...

Dow notches record high, closing above 27,000 for first time - NBC News
https://www.nbcnews.com/business/markets/dow-hits-new-record-27-000-n1028726
11 hours ago - The Dow breached the 27,000 mark in early morning trading, ... The S&P 500, which hit a record intraday high of 3,000 Wednesday, closed at a ...

Dow ends above 27,000 points for first time, S&P 500 hits record - CNA
[url]https://www.channelnewsasia.com/.../dow-ends-above-27-000-points-for-first-time-s-...[/URL]
4 hours ago - NEW YORK: The Dow surged above 27000 points for the first time on Thursday (Jul 11), closing at a fresh record on optimism over an expected ...

Health-Care Rally Helps Lift Dow Over 27000 - Wall Street Journal
[url]https://www.wsj.com › Markets › U.S. Markets[/URL]
5 hours ago - A rally in health-care stocks pushed the Dow industrials over 27000 for ... Blue-chip index finishes above 27000, while S&P 500 battles back to ...
Dow rallies 200 points to close above 27,000 for the first time ever
https://www.cnbc.com/2019/07/11/stock-market-fed-chief-signals-a-rate-cut.html
18 hours ago - Markets open higher as tech, consumer discretionary sectors hit new ... Back then, the Dow was trading around 6,600 points while the S&P 500 ...

President Trump touts stock market as Dow surpasses 27,000 ...
[url]https://www.marketwatch.com › Markets › U.S. & Canada › Market Extra
[/URL]
10 hours ago - Dow just hit 27,000 for first time EVER! ... On Wednesday, the S&P 500 stock index SPX, +0.19% staked a claim at a new thousand-point ...

The Dow Jones Industrial Average Rose 228 Points to Hit The 27,000 ...
[url]https://www.barrons.com/.../dow-jones-industrial-average-rose-228-points-to-hit-the-27...[/URL]
4 hours ago - The Dow Jones Industrial Average and S&P 500 both closed higher. The Dow hit the 27000mark for the first time, and shares of ...

Dow Jones Industrial Average hits 27,000 for first time ever - KGTV
[url]https://www.10news.com/.../dow-jones-industrial-average-hits-27-000-for-first-time-e...[/URL]
4 hours ago - NEW YORK (AP) -- The Dow Jones Industrial Average climbed above 27,000 for the first time ever Thursday. The S&P 500 also hit a closing ...

Stocks hit new highs: Dow tops 27,000 and S&P 500 ends just shy of ...
[url]https://www.sandiegouniontribune.com/.../la-fi-stock-market-record-high-dow-sp500-...[/URL]
5 hours ago - The two stock indexes rose, but an early market rally lost some of its momentum after an auction of long-term U.S. government bonds failed to ...
​

....

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Fletch said:

The alt-right. The Jews. Hitler. Wow youve really put zero thought into this. Do any of you liberals own a dictionary? Here is a definition of globalism:

globalism[ gloh-buh-liz-uh m ]SHOW IPA
EXAMPLES|WORD ORIGIN
noun
the attitude or policy of placing the interests of the entire world above those of individual nations.

Lets see, no mention of the alt right. No mention of Jews. No mention of Hitler I guess you just made that **** up.

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Mycroft said:

But thanks to Trump, we are becoming less and less dependent upon that global economy. In fact, global corporations are investing in the US BECAUSE we are doing so well compared to other countries.

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calamity said:

Whoopsie

Starting to make those steady 3% Obama GDP years look good right about now.

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Mycroft said:

yawn...

You go ahead and watch the "estimates and forecasts". Given the nonsense from "experts" that don't happen, I'll pass. I'll wait and see actual numbers.

btw, Obama and his globalist buddies were happy to have <2% GDP. Trump isn't.

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calamity said:

Just in time for the election...



We here, in my industry, have seen this one coming for a few months now. Lord knows our bidding wars have become far more competitive lately, and several good jobs went to companies willing to take them on at a loss.

Hard to say if this is trade war related, but when it comes to the economy, tariffs have never served as a stimulant. So, it won't be completely unfair when all the fingers point in the Trumpian direction, even as he gets the usual Presidential blame for the economy tanking.


Here's another barometer.

Copper price fall hints at manufacturing slowdown in China: LME head -
Nikkei Asian Review

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Mycroft said:

This is good for the US, since our economy is going strong.

Damn...aren't you glad Trump is distancing us from those globalists?

Oh...wait...you probably work for a globalist. Sucks for you.

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Mycroft said:

yawn...

You go ahead and watch the "estimates and forecasts". Given the nonsense from "experts" that don't happen, I'll pass. I'll wait and see actual numbers.

btw, Obama and his globalist buddies were happy to have <2% GDP. Trump isn't.

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calamity said:

why do all your links say the exact same thing? Yes, we get it. Stocks are up.

Funny none of the rump supporters seemed to care about that when the Dow tripled under Obama. :roll:

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Mycroft said:

This is good for the US, since our economy is going strong.

Damn...aren't you glad Trump is distancing us from those globalists?

Oh...wait...you probably work for a globalist. Sucks for you.

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marke said:

True. The common working man probably cares little about the stock market, but they do care about things like jobs, taxes and costs of living. Obama promised to shutter coal and he admitted that electricity rates would "skyrocket." Poor people may not care how many coal mines shut down but they do care about their electric rates skyrocketing.

Poor people may not care how little US efforts to curb CO2 emissions are helping the world, but they do care about how much gasoline costs at the pump. They may not care about how many more people are getting food stamps but they do care about how many jobs become available for them to earn money to live on.

Trump is not a bad president even though his political enemies twist facts to try to make him look bad. He is helping poor people and liars who oppose his policies are not helping poor people.

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calamity said:

Then he should not have started a trade war. Tariffs do not help GDP.

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OscarLevant said:

Whether you like it or not, the old adage that 'no man is an island' now applies to countries as well.

We are a global economy, and that is that. If you don't like it, perhaps another planet is where you should move to.

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Mycroft said:

The tariffs are not intended to "help GDP".

You really need to stop listening to those "experts". Maybe then you'll understand what Trump is actually doing.

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snakestretcher said:

It may be strong, today, but as anyone with a reasonable memory will tell you, it won't last-and never does. You are experiencing a boom right now, but after every boom, sure as the sun rises in the morning, there comes bust. If you believe you're in for eternal fiscal security based on a few month's good numbers you are deluding yourself. Who are you going to blame when the economy begins to implode?
Boom and Bust Cycle: Definition, Causes, History

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Mycroft said:

The best thing for the "global economy" is for the globalists and their political and financial minions to stop what they are doing...to stop controlling markets and politics and get back to actually providing the products and services that people want at the price they want to pay.

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snakestretcher said:

Right, because Trump is an expert in economics, never had multiple bankruptcies or business failures? Trump is doing NOTHING; the stock markets are driving the economy via investors, not Trump. You would do well to remember 2008 before doing your victory dance.

How Stock Investing Affects the US Economy

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The Stock Market Is Not the Economy

Despite its critical role in the economy, the stock market is not the same as the economy. The stock market is driven by the emotions of investors. They can exhibit irrational exuberance. It occurs during an asset bubble and the peak of the business cycle. They become overly optimistic even though there is no hard data to support it. The peak occurs right before a crash.

Investors confused the stock market and the economy during the Roaring Twenties. They didn't realize a recession had begun in August 1929. They kept driving stocks higher until the 1929 market crash. Many other factors caused the Great Depression. The depression ended in 1939. But the stock market didn't recover until the 1950s.

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Mycroft said:

What you say is true. Booms and busts happen. But that doesn't mean you should let a few control the whole thing...as the globalists and their minions want to do. Believe me, they don't care about you. They only care about protecting themselves.

No, the solution is to spread the control as broadly as possible. That will lessen the possible damage to the entire economy. That's what we are seeing right now with the EU, China and other countries having problem...but the US is going strong.

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