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Trump’s Economy Is On The Cusp Of Negative Growth

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javero
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And Mike Bloomberg knows it.  But, don't take my word for it.  Let's have a look-see thanks to Forbes. Please don't be put off by the 11/26/2019 date of the article because folks in the know are predicting that domestic GDP growth for 2020 will be in the 1.9% - 2.0% range.  Trump's spent 3 years bribing red state farmers with payments to look the other way as his tariffs (and record flooding) obliterated soybean prices, but I digress.

Trump’s Economy Is On The Cusp Of Negative Growth (Forbes)

Soybean Prices - 45 Year Historical Chart

I haven't climbed aboard the Bloomberg bandwagon yet, but he's perfectly positioned to call BS on Trump's tall claims.  And when he talks business, people tend to listen.

#FactsMatter...your feelings not so much.
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TotallyEffed
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Trump himself is a negative growth.
Bronxdan
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Are you sure about this?  The latest jobs report was stunning - something like 225,000 jobs created in one month . . . new trade deals with China, Mexico, Canada.  Unemployment at historic lows, and best off all, middle class income up 4K.  That is progress.  These are not predictions.  They are fact.

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javero
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I'll concede that the numbers are impressive but encourage everyone to look at the risk factors going forward, the biggest being the impact of the Coronavirus  on China's economy and the dramatic dip in crude oil benchmark prices.  I also don't mean to insult anyone's intelligence by suggesting that the US economy does not exist in a vacuum.

Coronavirus ‘could cut China’s purchases of US goods’ under phase one trade deal

OPEC Slashes Oil Demand Forecast On Coronavirus Crunch

#FactsMatter...your feelings not so much.
Updated On: 2/12/20 at 01:46 PM
UncleCharlie
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Bronxdan said: "Are you sure about this? The latest jobs report was stunning - something like 225,000 jobs created in one month . . . new trade deals with China, Mexico, Canada. Unemployment at historic lows, and best off all, middle class income up 4K. That is progress. These are not predictions. They are fact."

A trade deal with Mexico and Canada that is little more than NAFTA with a new coat of paint? A new deal with China that finally eases SOME of the damage from Trump's disastrous tariff war with China and got commitments to buy almost as much from farmers as they used to buy before Trump decided to see whose, um, "resolve" was bigger? Middle class income gains that have been completely eaten up by higher prices for goods again due to Trump's love affair with tariffs? 225,000 jobs created, a one month total far above Trump's 3 year average of 182,000 a month and a total that finally equalled the AVERAGE of what the Obama economy produced EVERY MONTH during his last 3 years in office? 6.6 million jobs created during Trump's first 3 years versus the 8.1 million Obama created during his last 3 years? Huge corporate tax cuts and givebacks that have exploded the federal deficit and have been used for the most part not to create new jobs for which they were intended but to do stock buybacks and pay out higher bonuses? Sure doesn't sound like progress to me.

Don't know if we are on the cusp of negative growth but if it doesn't happen, it's not because Trump isn't trying as hard as he can.

Updated On: 2/12/20 at 04:08 PM
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javero
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Regarding the new deal with China, it's starting to look like Trump really overplayed his hand.  The Coronavirus is taking a toll on China's economy to the point that China will be hard pressed to keep its end of the bargain.  In Trump's demented mind he could declare victory and brag that he brought the Chinese government to its knees were it not for double whammy of a worldwide crude oil glut and plummeting crude oil prices.  I started trading oil stocks a couple of years ago.  Before that, I had no idea of the extent to which the US economy is tethered to crude oil prices, and how easily those prices can be manipulated by Putin & OPEC.  I've written enough.  I encourage anyone interested to check out the related articles below.

Big Oil warned White House that China trade deal was unrealistic

Why China Shuns U.S. LNG Despite Trade Deal

#FactsMatter...your feelings not so much.
FindingNamo
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Bronxdan seems real

Can you hear me now? Twitter: @NamoInExile
Bronxdan
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Dear SIr:
You say the 4K income increase for middle class families has bee eaten up by price increases?  Where did you get that info?  The last time I looked, inflation is very low.  Further, I see help wanted signs everywhere I go in the USA right now, especially in the Midwest.  And you can not deny that under Trump millions of people are off food stamps.  You are totally incorrect.  These are the good times.  It all fits together, the stock market, low unemployment, better trade deals, stunning consumer spending, like last Christmas.  You are pedaling fake statistics.  No one can take away the excellent economy under Trump. Trump will win easily in 2020.  The Democrats have a few genuine issues; but they wasted 3 years on stupid impeachment efforts that went nowhere, predictably.  They did it to themselves. 

 

FindingNamo
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"Further, I see help wanted signs everywhere I go in the USA right now, especially in the Midwest."

I don't. I see tons of recently empty storefronts though. In November I was in Indiana for a week.  Didn't see a single help wanted sign. Nor do I see them anywhere else.

Anybody else on this board see Help Wanted signs everywhere you go?

Can you hear me now? Twitter: @NamoInExile
UncleCharlie
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Bronxdan said: "Dear SIr:
You say the 4K income increase for middle class families has bee eaten up by price increases? Where did you get that info? The last time I looked, inflation is very low. Further, I see help wanted signs everywhere I go in the USA right now, especially in the Midwest. And you can not deny that under Trump millions of people are off food stamps. You are totally incorrect. These are the good times. It all fits together, the stock market, low unemployment, better trade deals, stunning consumer spending, like last Christmas. You are pedaling fake statistics. No one can take away the excellent economy under Trump. Trump will win easily in 2020. The Democrats have a few genuine issues; but they wasted 3 years on stupid impeachment efforts that went nowhere, predictably. They did it to themselves.


"

To Whom It May Concern:

You are ... grossly misinformed... and...  I. Don't. Believe. You.

Watch any good movies lately. I highly recommend Kingpin, The R Rated Comedy.

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Mr Roxy
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As far as Bernie is concerned think of Di Blassio let loose on the entire country

There is a saying "Be careful what you wish for.You may get it

He even admitted he had no idea how much Medicare For All  would cost and it fell on its face when tried in his Vermont. My urologist is from Britain where they have socialized medicine and she cringed at the idea of it coming here. By the way it ain't free.

There are no moderates in the list of survivors for the survivors. JFK would be kicked out of today's Democratic party for not be sufficiently left wing . 
 

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Updated On: 2/16/20 at 08:51 PM
FindingNamo
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"My urologist is from Britain where they have socialized medicine and she cringed at the idea of it coming here."

It's not uncommon for providers who leave their homeland to make more money to reinforce to others that they made the right decision. Talk to actual people whose lives were saved by the NHS and you get an entirely different story, based on patient experience.  Ask comedian Rob Delaney about the tragic illness and death of his young son in Britain.

Can you hear me now? Twitter: @NamoInExile
Bronxdan
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To Finding Namo:  I have relatives in Northwest Indiana.  The place is bustling, yes with help wanted signs everywhere.  Northwest Indiana is experiencing a real estate explosion right now.  Houses are going up quickly because of all the people fleeing Illinois.  My brother's house went from 265K to 305K in two and a half years.  I can not vouch for all of Indiana.  This is one of the reasons why people in the Midwest fear the Democrats.  Things are so good in many parts of the country, that any change is scary.  Today's economic report was excellent.  No recession on the horizon, say the experts.  I hope for the best, for everyone.  Forgot:  Just read a business poll yesterday that said that 82% of small business owners are very confident that the economy will remain excellent for the remainder of the year.  That is good news.

Updated On: 2/21/20 at 10:52 PM

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