The Trump Economy

[plenzmd1]

First time i have heard the phrase

 

"the TRump Recession"...and he will spin this as Obama's fault how?

[Deranged Rhino]

2 minutes ago, plenzmd1 said:

First time i have heard the phrase

 

"the TRump Recession"...and he will spin this as Obama's fault how?

 

Well, for two weeks before the election Obama was running around saying everything going on with the economy was because of him... so I imagine it won't be too difficult for Trump will dump it on him (via Twitter).  

[plenzmd1]

1 minute ago, Deranged Rhino said:

 

Well, for two weeks before the election Obama was running around saying everything going on with the economy was because of him... so I imagine it won't be too difficult for Trump will dump it on him (via Twitter).  

well..if anyone can take credit for short-term success, then turn around and blame someone else for long term problems..we got our man!!!

[Deranged Rhino]

2 minutes ago, plenzmd1 said:

well..if anyone can take credit for short-term success, then turn around and blame someone else for long term problems..we got our man!!!

 

 

 

If nothing else, the man's twitter-jujitsu is endlessly entertaining. 

[DC Tom]

1 hour ago, plenzmd1 said:

well..if anyone can take credit for short-term success, then turn around and blame someone else for long term problems..we got our man!!!

 

If history is any guide, he'll tweet something that forces Democrats to take responsibility for a recession without them realizing it.

[Foxx]

https://twitter.com/AP/status/1070687407182372865

 

https://twitter.com/breaking9111/status/1070717720772206592

 

[Buffalo_Gal]

36 minutes ago, Foxx said:

https://twitter.com/AP/status/1070687407182372865

 

https://twitter.com/breaking9111/status/1070717720772206592

 

So curtailing Chinese spying is bad for the market? 
 

I was reading Huawei is banned in many countries (UK, Australia, New Zealand to name a few) from participating in any network business because they embed their technology with spyware and intercept everything. The CFO and daughter of the president of the company have (had) cell phones that are loaded in spyware for the Chinese Government. They ship restricted products to Iran and North Korea. Getting deeper into this ... China seems to have been put on the "we are done with your crap" notice from the world.
 

Special side note: Alexander Downer was director at Huawei Investment & Holding Co., Ltd. and Huawei Technologies (Australia) Pty Ltd - seems that stopped in 2014 (which association ended when, I cannot track down).

Edited December 6, 2018 by Buffalo_Gal

[Deranged Rhino]

34 minutes ago, Buffalo_Gal said:

So curtailing Chinese spying is bad for the market? 
 

I was reading Huawei is banned in many countries (UK, Australia, New Zealand to name a few) from participating in any network business because they embed their technology with spyware and intercept everything. The CFO and daughter of the president of the company have (had) cell phones that are loaded in spyware for the Chinese Government. They ship restricted products to Iran and North Korea. Getting deeper into this ... China seems to have been put on the "we are done with your crap" notice from the world.
 

Special side note: Alexander Downer was director at Huawei Investment & Holding Co., Ltd. and Huawei Technologies (Australia) Pty Ltd - seems that stopped in 2014 (which association ended when, I cannot track down).

The downer connection is huge to what this is really all about. 

 

Corrupt USIC and Five Eyes sold us out to China and profited from it. 

[Deranged Rhino]

https://www.reuters.com/article/us-usa-senate-cfpb/senate-confirms-trumps-consumer-watchdog-pick-idUSKBN1O52DT?feedType=RSS&feedName=politicsNews&utm_medium=Social&utm_source=Twitter

[plenzmd1]

1 hour ago, Buffalo_Gal said:

So curtailing Chinese spying is bad for the market? 
 

 

 

I don't think it is that so much as it is no trade agreement has been reached with China ( forget what DT tweets, look at one is signed and agreed to)and the trade standoff continues...and this will not make it any easier to get a deal done. 

[3rdnlng]

3 hours ago, Foxx said:

https://twitter.com/AP/status/1070687407182372865

 

https://twitter.com/breaking9111/status/1070717720772206592

 

Stocks recovered today.

[DC Tom]

4 minutes ago, 3rdnlng said:

Stocks recovered today.

 

Thanks, Obama!

[3rdnlng]

1 minute ago, DC Tom said:

 

Thanks, Obama!

I didn't do that, someone else did. 

[Foxx]

11 minutes ago, 3rdnlng said:

Stocks recovered today.

A looming death cross for the S&P 500 highlights a stock market in tatters

[Chef Jim]

10 minutes ago, DC Tom said:

 

Thanks, Obama!

 

Ha!  That's what I told my staff.

 

By the way had a call from a client today.  First words out of her mouth were "How much money have I lost?  Should I put half of my account in cash?"  I told her to stop watching the market and watch the rain.  At the end of the call I told her "you do realize the Dow has gone up 300 points since you called me?"  "Oh.........."  

 

It's funny that people think I invest their money for a living.  No I keep them from doing stupid ***** for a living. 

6 minutes ago, Foxx said:

A looming death cross for the S&P 500 highlights a stock market in tatters

 

Financial pornography. 

[DC Tom]

1 hour ago, Chef Jim said:

 

Ha!  That's what I told my staff.

 

By the way had a call from a client today.  First words out of her mouth were "How much money have I lost?  Should I put half of my account in cash?"  I told her to stop watching the market and watch the rain.  At the end of the call I told her "you do realize the Dow has gone up 300 points since you called me?"  "Oh.........."  

 

It's funny that people think I invest their money for a living.  No I keep them from doing stupid ***** for a living. 

 

Financial pornography. 

 

if you're cashing out of a down market, you're doing it wrong.

 

Let me know when people like that start cashing out completely, against your advice.  That's when I'll buy.

[Foxx]

https://twitter.com/AP/status/1071034994859094017

 

[Buffalo_Gal]

Just now, Foxx said:

https://twitter.com/AP/status/1071034994859094017

 

These titles....

U.S. economy adds fewer jobs than forecast in November, unemployment rate holds at 3.7%

And then the fine print... (the article itself) 
 

The November jobs report is out and shows the U.S. labor market continues to hum along.
 

In November, the economy added 155,000 jobs and the unemployment rate stayed at 3.7%.
 

Nonfarm payrolls were forecast to rise by 198,000 in November with the unemployment rate expected to hold steady at a post-crisis low of 3.7%, the lowest overall unemployment level since 1969.
 

Wages were in-line with expectations, with average hourly earnings rising 0.3% over last month and 3.1% over the prior year. Wage growth has been closely tracked for signs of inflation pressures in the economy. In October, wages rose 3.1% over the prior year, the fastest pace of annual wage growth since April 2009 while 250,000 new jobs were created.
 

Following Friday’s report, U.S. stock futures were higher following news that OPEC would cut oil production, sending crude oil prices up over 3% and bringing markets higher.
 

“The slightly more modest 155,000 gain in payroll employment in November may not go down well in markets given the heightened nervousness in recent months, but this is still a solid gain that suggests economic growth is gradually slowing back towards its potential pace,” said Paul Ashworth, chief U.S. economist at Capital Economics.
 

“There is nothing here to suggest the economy is suffering a more sudden downturn.”

</snip>

[3rdnlng]

1 hour ago, Buffalo_Gal said:

These titles....

U.S. economy adds fewer jobs than forecast in November, unemployment rate holds at 3.7%

And then the fine print... (the article itself) 
 

The November jobs report is out and shows the U.S. labor market continues to hum along.
 

In November, the economy added 155,000 jobs and the unemployment rate stayed at 3.7%.
 

Nonfarm payrolls were forecast to rise by 198,000 in November with the unemployment rate expected to hold steady at a post-crisis low of 3.7%, the lowest overall unemployment level since 1969.
 

Wages were in-line with expectations, with average hourly earnings rising 0.3% over last month and 3.1% over the prior year. Wage growth has been closely tracked for signs of inflation pressures in the economy. In October, wages rose 3.1% over the prior year, the fastest pace of annual wage growth since April 2009 while 250,000 new jobs were created.
 

Following Friday’s report, U.S. stock futures were higher following news that OPEC would cut oil production, sending crude oil prices up over 3% and bringing markets higher.
 

“The slightly more modest 155,000 gain in payroll employment in November may not go down well in markets given the heightened nervousness in recent months, but this is still a solid gain that suggests economic growth is gradually slowing back towards its potential pace,” said Paul Ashworth, chief U.S. economist at Capital Economics.
 

“There is nothing here to suggest the economy is suffering a more sudden downturn.”

</snip>

Numbers that would have been hailed as great in the previous administration.

[TPS]

2 hours ago, 3rdnlng said:

Numbers that would have been hailed as great in the previous administration.

Average monthly jobs gains by year (in 1000s):

2013   192

2014   250

2015   226

2016   195

2017   182

2018   206   (11 months to date)

 

The first two years of Trump haven't been much different than the last 4 years of the "previous administration"...