So much for that recession

[noonereal]

I'm smart enough to recognize partisan poppycock when I see it. Trump was elected 35 months ago - compare THAT time frame instead of cherry picking.

OMFG!

Hook line and sinker.

I don't expect you to understand like someone like I (economics degree) but this stuff is simple math!

In 20 months, nada. Nothing. Zippo. Completely flat.

And it is YOU that is cherry picking. Trump got a big boost in the market in anticipation of a free for all (removal of responsible regulations)

But since then, nothing! NOTHING. A totally irresponsible tax cut has done NOTHING to improve the market.

In the meantime he has screwed up plenty like pulling out of TPP and this inane Chinese.... fiasco.

Come on man, it is so disheartening reading posts like yours. You really don't understand what is in front of your eyes.

 

[noonereal]

The Trump tax cuts and reduced regulations have created a booming economy that has increased Federal tax revenue to record highs. So, The President doing his part.

The problem is it’s the Democrat lead Congress that controls most of the Government spending that is causing the current Federal Deficit and Debt.

Govt Deficits & Debt and the Private Sector Economy are not tied together. Except that high taxes and strict regulations hurts the economy and reducing each helps it.

I am not even gonna bother.

I just hope you are just pushing propaganda because if you believe this, you don't have a clue.

 

[noonereal]

The chart from Bullseye that you answered in #47 destroys this assertion of yours. My response in #49 your #47 response.

THE CHART PROVES ME ACCURATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


You folks are collapsing the greatest country in the history of man and using circular logic to support it.

Just stop, I beg you.

By the time Trump gets done we will never again be great.

 

[Bullseye]

OMFG!

Hook line and sinker.

I don't expect you to understand like someone like I (economics degree) but this stuff is simple math!

In 20 months, nada. Nothing. Zippo. Completely flat.

And it is YOU that is cherry picking. Trump got a big boost in the market in anticipation of a free for all (removal of responsible regulations)

But since then, nothing! NOTHING. A totally irresponsible tax cut has done NOTHING to improve the market.

In the meantime he has screwed up plenty like pulling out of TPP and this inane Chinese.... fiasco.Come on man, it is so disheartening reading posts like yours. You really don't understand what is in front of your eyes.

What's in front of my eyes is a poster desperate to deride Trump's economic success at any cost. You having an economics degree doesn't impress me; AOC has one too and she's totally clueless.

How, exactly is looking a the market for the entire time since Trump was elected "cherry picking". IF you're as smart as you time you are you'd look at that chart I posted a lot closer. It's definitely not "flat" I've already pointed out the strong upward trend from the day Trump was elected. Notice the strong upward tread continued until early October to a new all-time high. But in the following month it became more likely that the Dems were going to capture at least one house of congress - the market responded by dropping until middle December when it became obvious Trump wasn't going to fold. Since then it's bounced up and down from some strong blows, including Trump's self-induced trade war. It's dropped hundreds of points in a day and battled back; today it's within a few percentage points of an all-time high. Calling it "stagnant" or "flat line" is a total distortion.


Were you around during Obama's first term? He scored FOUR trillion dollar deficits - did you whine about that? Oh, and those tax cuts have been generating increased revenues.

 

[Indie guy]

If you like 20 months of complete stagnation, sure.

I have never before, in my entire life, heard of a flat market being called "great."

Trumpism, complete bull****.

Trump's election is what helped spur life into the stock market.

The DJIA was increasing under Obama but by rather slow-moderate rates. When Trump won the election, investors became increasingly confident and the DJIA soon zoomed to 20K for the 1st time ever. Now it's over 27K and it has been up and down lately based largely on Trump's trade tariffs.

I don't consider myself to be all that much of a Trump supporter but let's face the facts. Calling the current economy stagnant is ridiculous especially with the low unemployment rate and high consumer confidence.

 

[Casca XV]

THE CHART PROVES ME ACCURATE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


You folks are collapsing the greatest country in the history of man and using circular logic to support it.

Just stop, I beg you.

By the time Trump gets done we will never again be great.

This is just getting sad. Take the loss while you have some dignity left.

Not even Trump hating CNN agrees with you, they just try to claim credit for Obama.

 

[Glitch]

Trump's election is what helped spur life into the stock market.

The DJIA was increasing under Obama but by rather slow-moderate rates. When Trump won the election, investors became increasingly confident and the DJIA soon zoomed to 20K for the 1st time ever. Now it's over 27K and it has been up and down lately based largely on Trump's trade tariffs.

I don't consider myself to be all that much of a Trump supporter but let's face the facts. Calling the current economy stagnant is ridiculous especially with the low unemployment rate and high consumer confidence.

Not stagnant, but not growing very well either. Over the last 10 quarters the GDP has only averaged 2.63% growth, which is anemic. Not as anemic as when Obama was President, but still pretty pathetic. A healthy economy should be growing at a minimum of 3% each year. Only 4 of the last 10 quarters saw the GDP rise above 3%. There is certainly room for improvement.

 

[Checkerboard Strangler]

So KAGA2020 is back with a new sock puppet?

 

[Indie guy]

Not stagnant, but not growing very well either. Over the last 10 quarters the GDP has only averaged 2.63% growth, which is anemic. Not as anemic as when Obama was President, but still pretty pathetic. A healthy economy should be growing at a minimum of 3% each year. Only 4 of the last 10 quarters saw the GDP rise above 3%. There is certainly room for improvement.

I can't help but think that the GDP would average a greater percentage of growth if Trump wasn't so adamant about trade tariffs. That is the one thing I strongly disagree with him on, and probably the main thing preventing the economy from growing at its highest potential.

Still we can't say things are looking glum, stagnant, recessed, or depressed at this stage. That could change, however.

 

[Glitch]

I can't help but think that the GDP would average a greater percentage of growth if Trump wasn't so adamant about trade tariffs. That is the one thing I strongly disagree with him on, and probably the main thing preventing the economy from growing at its highest potential.

Still we can't say things are looking glum, stagnant, recessed, or depressed at this stage. That could change, however.

That is possible. I certainly will not dispute that tariffs hurt the consumer and hinder economic growth, because they do both. We can say that the GDP since Trump has been President is still below average. Definitely depressed from what it should be, which is 3% or better.

Just because the economy is as much as 150% improved since Trump became President than when Obama was President, does not mean we have a good economy, because we still don't. When the GDP is growing between 3% and 5% annually then the economy at least be in the healthy range, which it is not now.

 

[Jay59]

I have to love the way noonereal screams when he has nothing useful to say. It's darling.

Germany recently released government bonds with a negative interest rate, ie you did not get interest or all your money back. It distorted our credit markets for several weeks, causing the much referred to interest rate inversion. We are not in a normal situation and the fundamentals are still sound and there is no recession around the corner. The economy is so solid the Democrat debates barely mentioned it.

That said, it isn't all rosy. The world economy was doing better two years ago. When Germany is having problems, Europe as a whole is hurting badly. The Dollar has strengthened, hurting our trade balance and squeezing firms with international exposure. The US consumer is more insulated, but some of this will filter through.

 

[Cardinal]

Stock market is doing great .

It's up 606 points since January, 2018. Even if the stock market was the economy (it's not), a stock market growth of 2.3% in over a year and a half is horrible.

 

[Cardinal]

Sorry to burst your wishful bubble but the odds are a Recession is in the cards, how bad is debatable, does not look good for the Donald. Oh and markets are not a good thing to base your claim on, markets can drop through the floor in one day, has happened many times

Yeah, it's not advisable to use short term behavior of the stock market to make a political point. But whatever, we're not dealing with good faith arguments so it sort of doesn't matter.

Today: "The Dow is at record highs! All hail Trump!"
Tomorrow: "Meh, the stock market was due for a correct anyway."
The day after tomorrow: "The Dow is at record highs! All hail Trump!"
The day after that: "Okay, global stock values have been reduced to zero, the United States has fractured and we're eating people to stay alive. Civilizations are cyclical. Was Trump President when all those other civilizations collapsed? Exactly."

 

[code1211]

Dude, the market has been stagnate for 20 months. This in spite of the tax cut.

This is not a good performance by any standard.

and another thing, post the %'s and use proper time periods.

Your post is essentially hog wash as is.

Hogwash? Peals before swine?

Seems to have a rough equivalency.

The numbers are the numbers. You can call them whatever you like, but the numbers are the numbers.

 

[code1211]

Nope, it is what being a realist is, wishing ain't getting and it does prevent events from occuring either. We shall see what happens.

Predicting a market decline is a pretty safe bet. Eventually, it will happen. It's like predicting that a stopped clock will be right twice every day. Absolutely no value to the prediction. Absolutely no doubt the prediction is correct.

If Trump had followed the lead of all of his predecessors since about Clinton, maybe HWB, he would not have stepped up to address the problems with China Trade and the economy would be humming.

Just as Obama slowed the economy with punitive regulations and taxation, Trump is doing it with the uncertainty of the China Trade War.

China is playing the long game and waiting out the Americans. If a Democrat is elected in 2020, the Chinese win. Bigly. The Democrat-Socialist will cave on everything and give the Chi-Coms EVERYTHING they want.

I suppose it will make no difference to anyone, though, as the world is going to end in 2030 due to Climate Change. So, we got that going for us!

I probably need to step up the completion rate on my bucket list items...

 

[code1211]

Cut it out. You know the economic mess Obama inherited. Trump walked in on the most robust recovery in recent memory.
Do you think you can baffle everyone here with bull****?

AFTER Obama left office, the most robust recovery in recent memory got more robust.

However, even small growth is good. Since 2011, the US has had only 3 quarters of negative GDP growth.

During the Trump years, predicted by Democrat-Socialists to be the beginning of a world wide depression from which there would be no recovery, every quarter has shown positive growth.

I'm not trying to baffle anyone. I'm just stating the actual, real world facts. Were there ANY Stock Market Record closes in the four years following the dawn of "Hope and Change"?

• U.S.: real GDP growth by quarter 2011-2019 | Statista

 

[bongsaway]

Stock market is doing great .

The stock market is not the economy. I wonder for most americans what exactly that means since they don't own stocks?

 

[bongsaway]

Give it time. There will always be another recession. This last recession didn't end until Obama left office in January 2017 and it usually takes a few years before the next recession. The recession of 1974-1984, for example, was followed by a very short recession from 1989 until 1991. But then the economy grew slowly during the 1990s, picking up some speed during the 2000s, and finally crashing again in 2008.

There will definitely be another recession, but probably not before 2022 and there is no telling how long or short it will be. A lot depends on who controls Congress and who is President. Democrats always prolong recessions and depressions and make them far worse, whereas Republicans tend to end them quickly.

Huh??? How quickly you folks forget W and the mess he left america in when he left office. No wonder you guys believe anything.

 

[noonereal]

Hogwash? Peals before swine?

Seems to have a rough equivalency.

The numbers are the numbers. You can call them whatever you like, but the numbers are the numbers.

This is wild, absolutly wild.

LOOK AT THE NUMBERS!!!!!!!!!!!!!!!!!!!!!!!!!

What is wrong in Trumpland????????????

My God.

What is wrong where you folks can't even understand basic arithmetic when your leader lies.


My God, this country is so ****ed.

 

[SonOfDaedalus]

Approaching ANOTHER record high.

Out of curiosity, how many DJIA record high closes were posted in Obama's first term?

How does that compare to Trump's first term?

Obama inherited an economy in total free fall. That's a nonsensical comparison.

Also Trump gave away money to corporations. That will automatically boost stock prices if they have to pay less tax. How is that an accomplishment?

Things actually turned around under Obama.

 

[SonOfDaedalus]

China is playing the long game and waiting out the Americans. If a Democrat is elected in 2020, the Chinese win. Bigly. The Democrat-Socialist will cave on everything and give the Chi-Coms EVERYTHING they want.

So, how long do we keep giving the farmers welfare?

Obama had a pretty good plan. Cooperate with other Asian nations on a trade deal and slowly move trade to those countries putting pressure on China to change their ways.

Why don't you give Obama credit for leaving Trump an economy that was a 4.8% unemployment. It's only 3.7% now. The economy turned around under Obama after it crashed under Bush. Of course, now you conveniently disown Bush.

 

[code1211]

This is wild, absolutly wild.

LOOK AT THE NUMBERS!!!!!!!!!!!!!!!!!!!!!!!!!

What is wrong in Trumpland????????????

My God.

What is wrong where you folks can't even understand basic arithmetic when your leader lies.


My God, this country is so ****ed.

The best EVER is STILL the best EVER.

THE BEST EVER!

What is difficult to grasp in this?

 

[code1211]

Obama inherited an economy in total free fall. That's a nonsensical comparison.

Also Trump gave away money to corporations. That will automatically boost stock prices if they have to pay less tax. How is that an accomplishment?

Things actually turned around under Obama.

The Great Recession ended in June, 2009. The Great Recession was over before any of give aways and bribes from the Treasury ever bought the political favors Obama was buying.

Following the initial give-aways, Obama's policies dictated the slowest, weakest recover since the Great Depression. It was 4 years, 2013, before most economic levels of 2007 were reached again.

Here's a hint: The American economic system is a system that encourages and actually drives growth. Obama policies terrorized the most risk embracing population of financial speculators in history.

The government interferes in the economy just by existing effectively. The degree and method of interference can both increase and diminish economic growth.

Under the heel of Obama's strangling regulations and punitive taxes, the economic growth was hindered.

Trump's trade war(s) have had a similar effect.

Both are pursuing policies that have little to do with the immediate acceleration of the economy. Trump's policies might contribute to a better, more dynamic future. I have no idea what Obama thought he was doing.

One thing is certain: Obama considered business and free enterprise to be the enemy and oppressor of the people. Thus, "The Food Stamp President".

Trump GAVE money to corporations? Is letting folks or businesses keep more of their own, earned, money now giving them money? What are you talking about?

 

[code1211]

So, how long do we keep giving the farmers welfare?

Obama had a pretty good plan. Cooperate with other Asian nations on a trade deal and slowly move trade to those countries putting pressure on China to change their ways.

Why don't you give Obama credit for leaving Trump an economy that was a 4.8% unemployment. It's only 3.7% now. The economy turned around under Obama after it crashed under Bush. Of course, now you conveniently disown Bush.

*sigh*

The Financial Bubble burst while Bush was holding the hot potato. The problems were not the result of a magic wand waving in the sky. It resulted from bad regulations and, very probably, bad intentions of the exploitively greedy.

However, when the government proclaims that it is a crime to not lend money to those who cannot repay it, what's a bank to do? Presto! Sub Prime lending.

Sub Prime does not refer to the loans. It refers to the borrowers.

When enough borrowers walk away from their loans that they were not qualified to get in the first place, the lenders collapse because their assets (the loans) are worthless.

If the Lehman Brothers collapse had occurred in 2009 instead of 2007, would YOU be blaming Obama for the Financial Bubble Bursting?

Regarding the Farmers: They are on the front line in this fight and are justly getting financial help funded by the YUGE increase in tariff monies.

Page Not Found
<snip>
There is one caveat, however.
For every dollar brought in by the new tariffs, a dollar has been authorized to fund rescue programs for farmers who have been harmed by retaliation from China and other countries.
The U.S. authorized $12 billion in farm rescue funds in 2018 and an additional $16 billion this year, for a total of $28 billion.
<snip>

 

[noonereal]

The best EVER is STILL the best EVER.

THE BEST EVER!

What is difficult to grasp in this?

It's moronic. Trump inherited the economy at it's "best ever."

Did you trumpet Obie then? I think not.

We have had 20 money of ZERO growth in the DOW. That it stopped growing at it's peak is what you are propagandizing. The economy should always be growing.

Good God.