That 'booming' economy?

[jaF0]

I think it's about to go ka-boom.

 

[jaF0]

Falling Demand for Architects a Warning Shot for Industry
Wall Street Journal | Wed Sep 18, 2019 19:33 UTC

The American Institute of Architects said Wednesday that its monthly billings index, which measures the demand for design services, fell to its lowest point since M....

 

[JKendallDane]

I'm not sure I believe this "business is booming" claim. <snip> ...and the Fed, in reducing interest rates toward less than zero, is effectively telling people not to bother to save for a future. They will be penalized for doing so.

And just about every economist except for Trump's handful of "the best people" is saying we're about to plunge into a periodically occurring recession.

Business is booming? Yeah, right.

But, but, but...what about 45's constant refrain of: "I've brought you all the GREATEST economy EVER in the history of the world!"

Sure, "Quadruple O" (Orange Oval Office Occupant) is probably dancing around the West Wing after the Fed cut, while also ignoring that a cut in rates in the middle of a "BOOMING economy with not even a hint of a recession for decades" is completely antithetical to sound economic policy. Anyone that stayed awake during Econ-101 in college knows that.

President Wide Load wasn't pushing the Fed for that cut because *OF* his "booming economy" ...he wanted it because he was scared shitless of going into 2020 with a recession to campaign on which is what all the numbers and indicators and people with actual economic sense were saying, and to an extent still are

But, of course he'll never admit that simply because the "bigliest brain is really smart" and never wrong.

.

 

[KeithD]

But, but, but...what about 45's constant refrain of: "I've brought you all the GREATEST economy EVER in the history of the world!"


.

Trump as been known to lie now and again (like every thirty minutes), and his original campaign manager has now told Congress that that is hunky dory as long as he isn't under oath, and especially fine if it's to the press (which is one of those lies too, as Corey lied to either the FBI or the Congress under oath himself).

 

[BotanyBoy]

As if Bernie was Stalin. Hardly.

Pushing the EXACT same ideology.....making the EXACT same kinda promises.

 

[icanhelp1]

But, but, but...what about 45's constant refrain of: "I've brought you all the GREATEST economy EVER in the history of the world!"

Sure, "Quadruple O" (Orange Oval Office Occupant) is probably dancing around the West Wing after the Fed cut, while also ignoring that a cut in rates in the middle of a "BOOMING economy with not even a hint of a recession for decades" is completely antithetical to sound economic policy. Anyone that stayed awake during Econ-101 in college knows that.

President Wide Load wasn't pushing the Fed for that cut because *OF* his "booming economy" ...he wanted it because he was scared shitless of going into 2020 with a recession to campaign on which is what all the numbers and indicators and people with actual economic sense were saying, and to an extent still are

But, of course he'll never admit that simply because the "bigliest brain is really smart" and never wrong.

.

WOW! An Obama surrogate finally admits we're in the midst of a booming economy. There's hope for you yet. LMFAO

 

[BotanyBoy]

I'm not sure I believe this "business is booming" claim.

Of course not, but I bet you believe every word the CCP puts out like the word of GOD.

And just about every economist except for Trump's handful of "the best people" is saying we're about to plunge into a periodically occurring recession.

If it's a periodic pull back then it won't be a plunge.....pick one dumbass, can't have it both ways.

 

[icanhelp1]

Of course not, but I bet you believe every word the CCP puts out like the word of GOD.



If it's a periodic pull back then it won't be a plunge.....pick one dumbass, can't have it both ways.

You mean the CCCP don't you! SKY PILOT was a russian spy! LMFAO

 

[BotanyBoy]

You mean the CCCP don't you! SKY PILOT was a russian spy! LMFAO

If it were still around I have no doubt that would also be the case but Russians aren't communist anymore so KeithD is no longer a big fan.

He only trusts the most totalitarian and murderous of governments.

 

[JKendallDane]

WOW! An Obama surrogate finally admits we're in the midst of a booming economy. There's hope for you yet. LMFAO

There are so many things your reading comprehension problem causes you not to understand. Obviously sarcasm is one of them.

.

 

[icanhelp1]

There are so many things your reading comprehension problem causes you not to understand. Obviously sarcasm is one of them.

.

Not the sarcasm thing again I got to work on that!

 

[icanhelp1]

But, but, but...what about 45's constant refrain of: "I've brought you all the GREATEST economy EVER in the history of the world!"

Sure, "Quadruple O" (Orange Oval Office Occupant) is probably dancing around the West Wing after the Fed cut, while also ignoring that a cut in rates in the middle of a "BOOMING economy with not even a hint of a recession for decades" is completely antithetical to sound economic policy. Anyone that stayed awake during Econ-101 in college knows that.

President Wide Load wasn't pushing the Fed for that cut because *OF* his "booming economy" ...he wanted it because he was scared shitless of going into 2020 with a recession to campaign on which is what all the numbers and indicators and people with actual economic sense were saying, and to an extent still are

But, of course he'll never admit that simply because the "bigliest brain is really smart" and never wrong.

.

Although, I do agree, that lowering the fed rate during a healthy economy is basically neutral for now. It's not about staving off a recession but more about dealing with trade, specifically China and tariffs. Racing to zero is not healthy, certainly diminishes the ability to react to future inflationary pressures. Major economies are at zero due to low growth and low inflation. I personally disagree with Trump's race to zero, it will weaken the US dollar. A very unusual inverted bond yield is not predicting the onset of a recession which affirms a very strong economy. One good thing about lower rates is the interest on the debt lower's also.

 

[DawnODay]

Trump as been known to lie now and again....

As I've pointed out before, KeithD, when it comes to who's a liar, let's all remember that you're the guy who claimed to be a SR-71 pilot until someone posted this and showed you were lying about being one of those heroes.

You should still be ashamed of yourself, KeithD.

 

[DawnODay]

K. Dmitrieva, U.S. Factory Output Rises More Than Forecast in Broad Gain, MSN (Sep. 18, 2019).

 

[DawnODay]

M. Egan, America is now the world's largest oil producer, CNN (Sep. 12, 2019).

One of the primary reasons for our current economic boom.

 

[jaF0]

U.S. business investment downturn could pressure slowing economy

U.S. business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid, casting a shadow on an economy that is being stalked by financial market fears of a recession.
12:41pm EDT


https://www.reuters.com/article/us-...-could-pressure-slowing-economy-idUSKBN1WB1PV

 

[SEVERUSMAX]

U.S. business investment downturn could pressure slowing economy

U.S. business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid, casting a shadow on an economy that is being stalked by financial market fears of a recession.
12:41pm EDT


https://www.reuters.com/article/us-...-could-pressure-slowing-economy-idUSKBN1WB1PV

It was always a rather weak fundamental economy, even before Trump, and he has made it worse. Obama did a lot of good for it, but his stimulus didn't go far enough. Mostly because he didn't go full Keynesian and also push the green jobs much harder than he did.

 

[BotanyBoy]

U.S. business investment downturn could pressure slowing economy

U.S. business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid, casting a shadow on an economy that is being stalked by financial market fears of a recession.
12:41pm EDT


https://www.reuters.com/article/us-...-could-pressure-slowing-economy-idUSKBN1WB1PV

Bout fuckin' time, hopefully it's a decent pull back.

I'd like to make some more money.

It was always a rather weak fundamental economy, even before Trump, and he has made it worse.

Severusmax's summary of the verifiably and demonstrably most powerful economy that's ever existed in all of recorded human history LOL.

 

[DawnODay]

C. Follett, Middle Class Shrinking… As Households Become Richer, Cato Institute (Sep. 18, 2019).

 

[dan_c00000]

Obama did a lot of good for it, but his stimulus didn't go far enough. Mostly because he didn't go full Keynesian and also push the green jobs much harder than he did.

There was too much saving of the big banks and not enough saving of the middle class. Going further back it could be argued, and has, that a major portion of the blame rests with Rand acolyte Alan Greenspan.

 

[SEVERUSMAX]

There was too much saving of the big banks and not enough saving of the middle class. Going further back it could be argued, and has, that a major portion of the blame rests with Rand acolyte Alan Greenspan.

Don't tell Botany Boy. He probably has a shrine to Ayn Rand.

 

[BotanyBoy]

Don't tell Botany Boy. He probably has a shrine to Ayn Rand.

Nah....but being someone with a shrine to Karl I can see how you might think that about someone who doesn't want to be a slave to a totalitarian god state.

 

[Adre]

Severusmax's summary of the verifiably and demonstrably most powerful economy that's ever existed in all of recorded human history LOL.

That’s what $1.1 Trillion in deficit spending will do for you. I’d look really rich if I could spend a measly billion more than I have each year.

 

[BotanyBoy]

That’s what $1.1 Trillion in deficit spending will do for you. I’d look really rich if I could spend a measly billion more than I have each year.

And?

Even if we didn't, we'd still be killing it.

As long as we don't let a socialist (D)ipshit like Warren come in and Venezuela the place.

 

[Adre]

And?

Even if we didn't, we'd still be killing it.

That’s some blatant partisan bullshit, even for you.