The economy is booming!

[Fogdog]

Im a jerk. Ouch. At least I have a clue, unlike the Hate America Uncle crowd.

How about you answer my questions.
What industry. Whose EPS? What analysts.
Without that info what do you have?
I thought you said you were quoting a credible source? Where is it?

https://www.barrons.com/articles/the-dow-falls-363-points-because-the-wall-of-worry-looms-51549559646

Gray skies. Stocks are dropping fast this afternoon, with the Dow Jones Industrial Average off 363.40 points, or 1.3%, to 25,026.90, while the S&P 500down 1.4%, and the Nasdaq Composite 1.6% lower. Corporate earnings were a mixed bag on Thursday, leaving investors vulnerable to ongoing worries about the health of the global economy. We’re still no closer to reaching a trade deal with China, the U.S. government could shut down again in a little over a week, and the turmoil of an increasingly messy-looking Brexit has unsurprisingly led to lower growth forecasts for that nation amid broader worries about European growth.

Toad you so.

 

[Roger A. Shrubber]

https://www.barrons.com/articles/the-dow-falls-363-points-because-the-wall-of-worry-looms-51549559646

Gray skies. Stocks are dropping fast this afternoon, with the Dow Jones Industrial Average off 363.40 points, or 1.3%, to 25,026.90, while the S&P 500down 1.4%, and the Nasdaq Composite 1.6% lower. Corporate earnings were a mixed bag on Thursday, leaving investors vulnerable to ongoing worries about the health of the global economy. We’re still no closer to reaching a trade deal with China, the U.S. government could shut down again in a little over a week, and the turmoil of an increasingly messy-looking Brexit has unsurprisingly led to lower growth forecasts for that nation amid broader worries about European growth.

Toad you so.

this is one of those arguments i wish our side would lose....but we're "winning"....which means the economy is going to shit, farmers are about to be really fucked, factory workers will be laid off....all while trump eats whoppers in the white house....he's taken 7 years of economic recovery and FUCKED IT UP.....all he had to do was maintain what was already there...and he couldn't do it, because it was Obama's legacy...so it had to go....he had to make it "better".....well, this is trump's better....remember it fondly, it's about to get a LOT worse...

 

[Fogdog]

this is one of those arguments i wish our side would lose....but we're "winning"....which means the economy is going to shit, farmers are about to be really fucked, factory workers will be laid off....all while trump eats whoppers in the white house....he's taken 7 years of economic recovery and FUCKED IT UP.....all he had to do was maintain what was already there...and he couldn't do it, because it was Obama's legacy...so it had to go....he had to make it "better".....well, this is trump's better....remember it fondly, it's about to get a LOT worse...

It's not a matter of "winning". Trump's plans were always fucked up lies and we lost -- the election, that is. He talked about world beating economic growth and how was he going to do it? Through trade wars, deporting 5% of the workforce, tax cuts for the wealthy that would trickle down to everybody, the wall, penalizing companies that offshored jobs without addressing why they were doing so, cuts in government spending programs like privatizing medicare, medicaid and repealing the ACA and replacing it with some imagined better system.

It isn't a matter of winning, it's a matter of holding him accountable for his promises that we never believed he could pull off and his dumb ass supporters kept touting. Good public policy is based upon facts and reality. What Trump sold was none of that. So, it's not a matter of winning, it's a matter of keeping it real. We KNEW he was lying. We SAID so then. We are making sure the facts are held up and shown in the light instead of being covered up with more lies. Not that we are winning on that account. More like fighting the liars to a standstill.

 

[Roger A. Shrubber]

It's not a matter of "winning". Trump's plans were always fucked up lies and we lost -- the election, that is. He talked about world beating economic growth and how was he going to do it? Through trade wars, deporting 5% of the workforce, tax cuts for the wealthy that would trickle down to everybody, the wall, penalizing companies that offshored jobs without addressing why they were doing so, cuts in government spending programs like privatizing medicare, medicaid and repealing the ACA and replacing it with some imagined better system.

It isn't a matter of winning, it's a matter of holding him accountable for his promises that we never believed he could pull off and his dumb ass supporters kept touting. Good public policy is based upon facts and reality. What Trump sold was none of that. So, it's not a matter of winning, it's a matter of keeping it real. We KNEW he was lying. We SAID so then. We are making sure the facts are held up and shown in the light instead of being covered up with more lies. Not that we are winning on that account. More like fighting the liars to a standstill.

it doesn't matter what we know...or what we said....obviously...if it mattered, we wouldn't be here talking about president trump....
what matters is changing the system so a roomful of fucked up spiteful assholes can't subvert the will of the American people again...so that the person who the people want as their leader is the one who actually gets elected...not the person who buys their way into an office they should never have been allowed to step foot in, in their entire lives....
know who i'll support as the next president? the person who runs on a platform of getting rid of the electoral college, banning campaign contributions, and outlawing lobbyist...NO executive from any company anywhere should ever be allowed to have a private conversation with any politician, anywhere, ever....if they're caught doing so, the politician gets the boot the same day...won't take long for politicians to start running away from the fuckers, instead of taking their bribes...

 

[Budley Doright]

it doesn't matter what we know...or what we said....obviously...if it mattered, we wouldn't be here talking about president trump....
what matters is changing the system so a roomful of fucked up spiteful assholes can't subvert the will of the American people again...so that the person who the people want as their leader is the one who actually gets elected...not the person who buys their way into an office they should never have been allowed to step foot in, in their entire lives....
know who i'll support as the next president? the person who runs on a platform of getting rid of the electoral college, banning campaign contributions, and outlawing lobbyist...NO executive from any company anywhere should ever be allowed to have a private conversation with any politician, anywhere, ever....if they're caught doing so, the politician gets the boot the same day...won't take long for politicians to start running away from the fuckers, instead of taking their bribes...

I agree with pretty much all you have stated but I feel lobbyists should be allowed to lobby for their cause but no corporate or personal large donations. There are lobbyists that do good work re environmental, social reform, etc. IMO it’s pretty hard to stop corporate lobbying and not the other. But eliminating the money would stop a lot of bullshit. All lobbyist must be registered and all meetings should be documented so people can deside who has their interest in mind.

 

[Roger A. Shrubber]

I agree with pretty much all you have stated but I feel lobbyists should be allowed to lobby for their cause but no corporate or personal large donations. There are lobbyists that do good work re environmental, social reform, etc. IMO it’s pretty hard to stop corporate lobbying and not the other. But eliminating the money would stop a lot of bullshit. All lobbyist must be registered and all meetings should be documented so people can deside who has their interest in mind.

i agree...lobbyist is too broad a term. i have no problem with anyone soliciting politicians time and assistance, as long as it's not for financial gain. when i say "lobbyist" i mean corporate employees trying to influence politicians opinions for their employers profit, and they're willing to offer bribes in several forms to get what they want. those "lobbyist' need to go. to hell. today.
perhaps another name to help clarify? petitioners, concerned constituents...something to differentiate them from the parasitic vermin trying to buy influence

 

[Fogdog]

I agree with pretty much all you have stated but I feel lobbyists should be allowed to lobby for their cause but no corporate or personal large donations. There are lobbyists that do good work re environmental, social reform, etc. IMO it’s pretty hard to stop corporate lobbying and not the other. But eliminating the money would stop a lot of bullshit. All lobbyist must be registered and all meetings should be documented so people can deside who has their interest in mind.

How about if we don't allow people with connections and big money into private rooms with lawmakers to "help" them write the laws? Citizens United ruling made money same as free speech and for a long time corporations have been given same rights as people. All of this gives a small group of big money people the same or larger voice as a union or an environmental group like the Audubon Society or a farmer-membership action group like the long past it's prime Grange. We don't have the widespread under the table bribe-type corruption that is present in China and elsewhere but we do have corruption in the form of big money donors "helping" write our laws.

 

[Budley Doright]

How about if we don't allow people with connections and big money into private rooms with lawmakers to "help" them write the laws? Citizens United ruling made money same as free speech and for a long time corporations have been given same rights as people. All of this gives a small group of big money people the same or larger voice as a union or an environmental group like the Audubon Society or a farmer-membership action group like the long past it's prime Grange. We don't have the widespread under the table bribe-type corruption that is present in China and elsewhere but we do have corruption in the form of big money donors "helping" write our laws.

You guys need to get the money out of the equation first then fine tune the other stuff IMO.

 

[Fogdog]

You guys need to get the money out of the equation first then fine tune the other stuff IMO.

First we need to get the Republicans out of the equation and then start whittling away at getting Democrats in Congress to get the money out of the equation.

 

[Budley Doright]

First we need to get the Republicans out of the equation and then start whittling away at getting Democrats in Congress to get the money out of the equation.

Yes that first .

 

[Fogdog]

Im a jerk. Ouch. At least I have a clue, unlike the Hate America Uncle crowd.

How about you answer my questions.
What industry. Whose EPS? What analysts.
Without that info what do you have?
I thought you said you were quoting a credible source? Where is it?

The only thing propping Wall Street up is the hope that China will sign a trade deal with the US.

Otherwise grey skies in the US economy and most other developed nations

Wall Street regains lost ground as trade optimism offsets bleak retail data
A surprise 1.2 percent fall in retail sales in December, the largest drop since September 2009, suggested a sharp slowdown in economic activity at the end of 2018.

(Reuters) - U.S. stocks recovered from declines triggered by bleak retail data to trade flat on Thursday, as investors focused on signs of progress in the ongoing U.S.-China trade talks.

The data dragged down consumer staples as well as the financials sector, which was hit by a jump in expectations that the Federal Reserve would cut key lending rates by the end of the year.

“The data was much worse than expectations...It is creating a risk to outlook from some of these companies in more cyclical areas like retail,” said Hugo Rogers, chief investment strategist at Deltec in Nassau, Bahamas.

Trump has to pin his hopes for this economy on China. Sorry Donald, but China is in a long term slump and it's mercantilist policies don't include propping up the US, especially to save you.

Hey, @NaturalFarmer , toad you so

 

[Boberman]

The only thing propping Wall Street up is the hope that China will sign a trade deal with the US.

Otherwise grey skies in the US economy and most other developed nations

Wall Street regains lost ground as trade optimism offsets bleak retail data
A surprise 1.2 percent fall in retail sales in December, the largest drop since September 2009, suggested a sharp slowdown in economic activity at the end of 2018.

(Reuters) - U.S. stocks recovered from declines triggered by bleak retail data to trade flat on Thursday, as investors focused on signs of progress in the ongoing U.S.-China trade talks.

The data dragged down consumer staples as well as the financials sector, which was hit by a jump in expectations that the Federal Reserve would cut key lending rates by the end of the year.

“The data was much worse than expectations...It is creating a risk to outlook from some of these companies in more cyclical areas like retail,” said Hugo Rogers, chief investment strategist at Deltec in Nassau, Bahamas.

Trump has to pin his hopes for this economy on China. Sorry Donald, but China is in a long term slump and it's mercantilist policies don't include propping up the US, especially to save you.

Hey, @NaturalFarmer , toad you so

Straight Up foil Hat Syndrome

 

[Fogdog]

Straight Up foil Hat Syndrome

I look forward to telling you more about your delusions. We may already be in a recession. Pretty likely we will be in full blown recession by the end of this year or early next.

I know you can't understand this but Trump's economic policies are both inflationary and recessionary. The downturn we currently are in was completely predictable.

 

[Herb & Suds]

Straight Up foil Hat Syndrome

How much money did you lose last quarter ? Thanks to Trumps tariff and eradicate behavior we all lost thousands...still waiting on the trickle here

 

[Fogdog]

Hey, @Boberman :

Toad you so.

Stocks knocked by weak data
Surprise fall in US retail sales adds to worries after Germany narrowly avoids recession

https://www.ft.com/content/3dc0eae4-2fef-11e9-ba00-0251022932c8

• US retail sales unexpectedly fall in December
• Mood turns after the data, which followed news of Germany nearing recession
• Wall Street stocks claw back some early losses
• European bourses balk at three-month highs touched earlier after strong earnings

Weak US retail sales data sent shivers through stock markets, but Wall Street managed to claw back some of the morning losses to trade roughly flat on the day by mid-afternoon. The bleak American data followed numbers that showed Germany only narrowly avoiding a return to recession in the fourth quarter. Both reports underlined the fragile state of the global economy as investors continued to wait for signs of progress on the trade dispute between the US and China, with high-level talks between the countries under way.

 

[Roger A. Shrubber]

I look forward to telling you more about your delusions. We may already be in a recession. Pretty likely we will be in full blown recession by the end of this year or early next.

I know you can't understand this but Trump's economic policies are both inflationary and recessionary. The downturn we currently are in was completely predictable.

who would have thunk it? apparently all of these people.....
https://www.theguardian.com/business/2018/aug/06/are-donald-trump-policies-hurting-long-term-us-growth

https://www.forbes.com/sites/kenrapoza/2018/12/11/2019-will-be-a-tough-year-for-trump-and-his-economy/#52a675fe19ac

http://fortune.com/2018/06/04/recession-2020-trump-trade/

http://www.msnbc.com/rachel-maddow-show/trumps-economic-predictions-arent-just-wrong-theyre-counterproductive

https://www.politico.com/story/2016/11/krugman-trump-global-recession-2016-231055

but of course, these are all socialistic, lefty, pinko, just short of communist news sites....so....yeah....

actually, the guardian is a little leftist, but the others are all pretty conservative.....

 

[UncleBuck]

Straight Up foil Hat Syndrome

Your welfare check will stretch further after trump collapses the economy

 

[TacoMac]

Your welfare check will stretch further after trump collapses the economy

Until of course he gets cut off because he doesn't meet the work requirements.

 

[zeddd]

Straight Up foil Hat Syndrome

Do lemmings explode if they become sufficiently agitated?

 

[Roger A. Shrubber]

Do lemmings explode if they become sufficiently agitated?

if you stuff a big old firecracker up their ass......i got a whole box of em.....