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Thread: More good news from Trump's economy

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    More good news from Trump's economy

    As WSJ reports

    Larger companies tend to pay more than small firms, and they are handing out bigger raises. Businesses with 500 to 999 employees boosted wages in the first quarter by an average of 5.3% from a year earlier, according to the Moody’s analysis. That compared with a 4.1% average pay increase at companies with fewer than 50 employees.
    ----
    As the job market tightens, some small firms are experimenting with new ways of recruiting. Judy Briggs, owner of a cleaning business in Boston with seven employees, has hired three people since she began providing bonuses for referrals in November. Workers can earn $100 if a new recruit stays 30 days, plus $250 after 90 days and $500 after one year.
    Democracy fails when the people realize they can vote themselves someone else's money
    Recipe for success: Emulate the rich
    Recipe for failure: Immolate the rich.

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    Re: More good news from Trump's economy

    Quote Originally Posted by Bullseye View Post
    But, but, but Trump....

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    Re: More good news from Trump's economy

    More great news for everyone in the United States.
    The Trump administration has our economy running on
    all cylinders! If you want a job today there is one waiting for you.
    “The Special Counsel’s investigation did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its efforts to influence the 2016 U.S. presidential election.”

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    Re: More good news from Trump's economy

    The probability of a recession in the next two years “would be extremely high,” Gundlach said. “Twelve months I’d give you a recession probability that’s 50-50. Next six months I’d probably have it down at 30%.”

    Gundlach, whose Los Angeles-based firm oversaw more than $130 billion as of the end of March, also said:

    The odds of a Fed rate cut in the next 12 months are about 70%.
    The Fed is now “policy fluid” under Chairman Jerome Powell, who has repeatedly changed his comments about plans for interest-rate changes.
    The economy has been growing largely because of a debt scheme as the U.S. increases spending and fuels deficits beyond expansion in output.
    The bond market is “extremely exposed” to a downturn in the U.S. dollar, because some foreign buyers have been purchasing Treasuries without currency hedges.
    Source: Gundlach Says Weakness Appearing in U.S. Economic Indicators

    I think he's right on the money, Jeffrey Gundlach, this debt fueled growth will come to bite us in the *** once the next recession hits. Which is right around the corner. Workers should spend that small percentage increase in wages wisely before they get laid off en masse in the next looming major recession.

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    Re: More good news from Trump's economy

    Quote Originally Posted by TrueScotsman View Post
    Source: Gundlach Says Weakness Appearing in U.S. Economic Indicators

    I think he's right on the money, Jeffrey Gundlach, this debt fueled growth will come to bite us in the *** once the next recession hits. Which is right around the corner. Workers should spend that small percentage increase in wages wisely before they get laid off en masse in the next looming major recession.
    If you do some research, you will find Gundlach has said a lot of things that didn't come true....

    On March 9, 2011, Gundlach was quoted on CNBC that "Munis Are The New Subprime." "You’ve got a history of low defaults, which is comforting. But that kind of sounds like what subprime sounded like back in 2006," Gundlach said. Gundlach pointed out that even if defaults do not ultimately climb as high as critics like Meredith Whitney have warned, muni bonds will likely trade much lower. "Between here and the end game, lies the valley. And the valley is full of fear. I think the muni market is going to go down by at least, on the long end, something like 15 and 20 percent," he said.[9]

    On March 10, 2011, Gundlach reportedly liquidated 55 percent of his personal holdings in municipal bonds.[10] However, the decline he predicted did not occur and on the same day as his liquidation, the Bond Buyer Index closed at 106.151904, with this index closing at 119.886063 on December 30, 2011, the last day of trading in 2011, equivalent to an improvement of +12.9%. The index closed at 129.99416 on December 31, 2012.[11]

    At the time, Gundlach also stated: "Nobody owns California general obligation bonds because they think it's an improving credit story," he said, drawing chuckles from the audience.[10]

    However, since March 2011, the ratings of California General Obligation bonds improved from A- to AA- by Standard and Poors and from A1 to Aa3 by Moody's.[12]
    Jeffrey Gundlach - Wikipedia

    You're welcome.

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    Re: More good news from Trump's economy

    2-Wage-Growth-for-First-13-Months-of-Presidency.jpg

    To his credit, he could be on target to match Obama's wage growth.

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    Re: More good news from Trump's economy

    Quote Originally Posted by trixare4kids View Post
    If you do some research, you will find Gundlach has said a lot of things that didn't come true....



    Jeffrey Gundlach - Wikipedia

    You're welcome.
    He's also predicted a few things, which is not easy to do. Probably knows way more than anyone here, you especially.

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    Re: More good news from Trump's economy

    Quote Originally Posted by TrueScotsman View Post
    He's also predicted a few things, which is not easy to do. Probably knows way more than anyone here, you especially.
    Everyone can predict anything on any given day.
    Your point?

    Never mind. I think I've heard enough for one day.

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    Re: More good news from Trump's economy

    Quote Originally Posted by TrueScotsman View Post
    Source: Gundlach Says Weakness Appearing in U.S. Economic Indicators

    I think he's right on the money, Jeffrey Gundlach, this debt fueled growth will come to bite us in the *** once the next recession hits. Which is right around the corner. Workers should spend that small percentage increase in wages wisely before they get laid off en masse in the next looming major recession.
    Ever since Trump won the election in 2016, one "award winning" economics wizard after another has predicted an imminent recession, starting with the dreaded Paul Krugman, but it seems that, though you wouldn't know it to listen to the Democrats and the MSM, President Trump continues winning and the economy continues growing.

    Yet when nothing negative comes to pass, all we hear in the "I Was Wrong" Department is the chirping of crickets.

    This proud Trump voter has faith in his president, who has, given the relentless attacks and obstruction emanating non-stop from the hate- filled Democrats, accomplished more positives in a little over two years than his predecessor, with the bulk of the media acting as his ultra-fanatical cheerleaders, managed in eight.

    Sent from my moto e5 play using Tapatalk

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    Re: More good news from Trump's economy

    Quote Originally Posted by Bullseye View Post
    Good things happening for our country. Everyone should be 'liking' the above.

    I swear some appear to be hoping the economy fails so they can blame Trump. smh

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