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  • TopHatter
    replied
    Originally posted by DOR View Post
    Why do you ask?
    A. Because The Trumpet is President of Europe?
    B. Because Europe is exactly the same as the US, and therefore can be a useful comparison?
    C. Because you don't like data that doesn't confirm your preconceived notions?
    D. Because given the nature of The Trumpet presidency, it is stunning that the economy isn't doing any worse than it is?
    Lol all of the above. Also...

    E. Trump's "In order for Trump to win, everybody else must lose" psychosis is as infectious as the rest of Trump's vile persona.

    Leave a comment:


  • DOR
    replied
    Originally posted by surfgun View Post
    So, how do those compare to those in Europe?
    Why do you ask?
    A. Because The Trumpet is President of Europe?
    B. Because Europe is exactly the same as the US, and therefore can be a useful comparison?
    C. Because you don't like data that doesn't confirm your preconceived notions?
    D. Because given the nature of The Trumpet presidency, it is stunning that the economy isn't doing any worse than it is?

    Leave a comment:


  • surfgun
    replied
    Originally posted by DOR View Post
    Civilian employment +1.6% in Nov, +1.8% Jan-Nov 2019, +1.9% Jan-Nov 2018.
    In other words, slower.

    Private employment+1.1% in Nov, +1.1% Jan-Nov 2019, +1.6% Jan-Nov 2018.
    In other words, slower.

    Total non-farm employment +1.5% in Nov, +1.6% Jan-Nov 2019, +1.7% Jan-Nov 2018.
    In other words, slower.
    So, how do those compare to those in Europe?

    Leave a comment:


  • DOR
    replied
    Originally posted by surfgun View Post

    Civilian employment +1.6% in Nov, +1.8% Jan-Nov 2019, +1.9% Jan-Nov 2018.
    In other words, slower.

    Private employment+1.1% in Nov, +1.1% Jan-Nov 2019, +1.6% Jan-Nov 2018.
    In other words, slower.

    Total non-farm employment +1.5% in Nov, +1.6% Jan-Nov 2019, +1.7% Jan-Nov 2018.
    In other words, slower.

    Leave a comment:


  • snapper
    replied
    How much payed in subsidies to farmers? Does it top the golf bill?

    Leave a comment:


  • surfgun
    replied
    An impressive jobs report.
    https://finance.yahoo.com/news/jobs-...225145709.html

    Leave a comment:


  • DOR
    replied
    Originally posted by surfgun View Post
    As anticipated, revised up. Winning!
    https://www.reuters.com/article/us-u...-idUSKBN1Y11LY
    The boost in consumer spending is wholly due to a surge in Kool-aid sales...

    Leave a comment:


  • TopHatter
    replied
    Originally posted by surfgun View Post
    Maybe if Nancy would take up the USMCA, that would boost the economy a bit?
    Ahhh there we go. It's all the Dems fault of course.

    Leave a comment:


  • surfgun
    replied
    Maybe if Nancy would take up the USMCA, that would boost the economy a bit?

    Leave a comment:


  • TopHatter
    replied
    Originally posted by surfgun View Post
    As anticipated, revised up. Winning!
    https://www.reuters.com/article/us-u...-idUSKBN1Y11LY
    Oh yes it's all roses and rainbows:

    There are signs the economy slowed early in the fourth quarter amid a cooling in consumer spending and a deepening downturn in business investment.

    The Trump administration’s trade war with China has eroded business confidence, contributing to the second straight quarterly contraction in business investment. The fading stimulus from last year’s $1.5 trillion tax cut package is also sapping momentum from the expansion, now in its 11th year.

    Growth has slowed from the 3.1% rate notched in the first three months of the year. But the risks of a recession in the near term have subsided as the housing market has rebounded from last year’s soft patch, driven by lower mortgage rates.

    The Federal Reserve last month cut interest rates for the third time this year and signaled a pause in the easing cycle that started in July when it reduced borrowing costs for the first time since 2008.

    Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was unrevised at a 2.9% rate in the third quarter.

    Consumer spending is being supported by the lowest unemployment rate in nearly 50 years. But moderating job growth, ebbing consumer confidence and stalling wage gains are raising doubts about the consumer’s resilience.

    Leave a comment:


  • surfgun
    replied
    As anticipated, revised up. Winning!
    https://www.reuters.com/article/us-u...-idUSKBN1Y11LY

    Leave a comment:


  • Albany Rifles
    replied
    Originally posted by tbm3fan View Post
    So how is the trade war going in your state?

    https://www.bloomberg.com/news/artic...-china-exports
    Looking at my part of Virginia, I have noticed this year farms growing cotton & sorghum which for years raised soybeans which were exported to China. And a recent report stated that this market was gone forever because Brazil has taken over the markets.

    One saving grace to the economy here is a Chinese company bought Smithfield so there is still pork being exported to China.

    Leave a comment:


  • DOR
    replied
    Recession watch

    In spite of bad journalism, a recession is a broad contraction in economic activity. Given the tiny share of the US economy that manufacturing comprises – 11% of the economy and a smaller share of employment – the term “manufacturing recession” is appropriate only for that segment of the whole.

    For the economy as a whole, the data do not -- as yet -- suggest a recession.

    Real GDP +2% in Q-3 (YoY; +1.9% QQ), +2.3% in Q-2 (+2%) and +2.7% in Q-3 (+3.1%)
    Civilian employment +1.2% in Q-3, +0.9% in Q-2, +1.2% in Q-1
    (interestingly, manufacturing employment +1.0%, +1.4%, and +1.9%)
    Real disposable income +2.9% in Q-3, +3.2% in Q-2, and +3.3% in Q-1
    Real retail sales +2.2% in Q-3, up from 1.5% in Q-2 and 1.1% in Q-1

    Rising number of jobs.
    Rising incomes.
    Rising spending.

    That covers about three-quarters of the economy.

    Leave a comment:


  • tbm3fan
    replied
    So how is the trade war going in your state?

    https://www.bloomberg.com/news/artic...-china-exports

    Leave a comment:


  • DOR
    replied
    The fiscal fiasco thus far

    2016 Budget proposals (issued Feb 2, 2015) vs. Actual results and current forecasts
    US$ Billion

    _ _ _ Balance (actual) _ _ Debt held by public (actual)
    2016 _ -474 (-585)_ _ _ _ _ 14,108 (14,168)
    2017 _ -463 (-665) _ _ _ _ _ 14,705 (14,665)
    2018 _ -479 (-779) _ _ _ _ _15,315 (15,750)
    2019 _ -518 (-960) _ _ _ _ _ 15,959 (16,685) _ _ CBO Aug 2019
    2020 _ -554 (1,008) _ _ _ _ _16,635 (17,755) _ _ CBO Aug 2019

    Call it a trillion dollar mistake, thus far.

    Leave a comment:

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