The Trump Economy

[Chef Jim]

4 minutes ago, Tiberius said:

Wow....

 

I think Tibs just discovered spray starch.  

[Buffalo_Gal]

More "expected" labor news:
 

Economy added solid 196,000 jobs in March, unemployment stays at 3.8%
 

Hiring rebounded strongly in March as employers added 196,000 jobs, easing fears that payroll growth is slowing sharply amid a cooling economy.

The unemployment rate was unchanged at 3.8%, the Labor Department said Friday.
 

Economists surveyed by Bloomberg had estimated 175,000 jobs were added last month.
 

Job gains for January and February were revised up by a modest 14,000.
 

</snip>

[Tiberius]

Sure hope this doesn't come up and bite us! And with the debt load the federal government now has, it will be harder to deal with a recession. 

https://www.reuters.com/article/regulatory-crackdown-unlikely-in-us-leve/regulatory-crackdown-unlikely-in-us-leveraged-loan-market-idUSL1N2120Q6

 

Quote

 

NEW YORK, March 15 (LPC) - The US leveraged loan market is unlikely to see a renewed regulatory crackdown despite mounting criticism of the asset class, as political gridlock in a divided Congress would hold up reform attempts.

Federal Reserve (Fed) Chair Jerome Powell said in late February that the US$1.2trn leveraged loan market does not pose a risk to the broader economy, but is an important supervisory focus. His comments contrast with other regulators who compared loans to subprime mortgages, which were responsible for the 2008 economic crisis.

His predecessor, former Fed Chair Janet Yellen, took a tougher line in late February, when she warned about the potential economic perils of excess corporate debt in leveraged loans for the second time.

“If the economy encounters a downturn, we could see a good deal of corporate distress,” Yellen said at an industry conference in Las Vegas. “If corporations are in distress, they fire workers and cut back on investment spending. And I think that’s something that could make the next recession a deeper recession.”

Yellen’s comments follow earlier warnings by Senator Elizabeth Warren and Bank of England Governor Mark Carney, who both warned of a potentially negative economic impact.

US regulators in 2013 updated Leveraged Lending Guidance (LLG), which said leverage of more than six times “raises concerns.” The Republican administration promised deregulation, however, and President Donald Trump vowed to dismantle the sweeping 2010 Dodd-Frank regulatory reform package after his election in 2016.

Market participants thought that the LLG could be relaxed in 2017 when it was deemed a rule under the Congressional Review Act. Government agencies clarified in September 2018 that guidance does not carry the weight of law and they will not take enforcement action based on it.

Leverage levels are touching new highs as a result, and are averaging 6.9 times in 2019 so far, after dropping to 6.09 times in a volatile fourth quarter, according to LPC data. Leverage ratios hit a record 6.97 times in the third quarter.

“One would say (the leveraged lending guidance) has had an insufficient effect,” said J. Paul Forrester, a partner at law firm Mayer Brown.

 

 

[Nanker]

President Trump said he has created over six million jobs since taking office. 

Using B O’s calculator he could probably claim that he “created or saved” over twenty million jobs. 

[Deranged Rhino]

 

[DC Tom]

2 hours ago, Deranged Rhino said:

 

 

At first glance, I thought it said "Fat Chrysler Executives."

[IDBillzFan]

1 minute ago, DC Tom said:

 

At first glance, I thought it said "Fat Chrysler Executives."

 

Good think AOC didn't read it that way. She'd go all Emily Litella on them.

[DC Tom]

Just now, LABillzFan said:

 

Good think AOC didn't read it that way. She'd go all Emily Litella on them.

 

That's my new goal in life: to get AOC to rant about busting school children.

[IDBillzFan]

Just now, DC Tom said:

 

That's my new goal in life: to get AOC to rant about busting school children.

 

"We need MORE violins in high schools! Not less!"

[DC Tom]

2 minutes ago, LABillzFan said:

 

"We need MORE violins in high schools! Not less!"

 

We need the Green New Deal to save endangered feces!

[IDBillzFan]

9 minutes ago, DC Tom said:

 

We need the Green New Deal to save endangered feces!

 

It's the only way to preserve our natural racehorses!

[DC Tom]

7 minutes ago, LABillzFan said:

 

It's the only way to preserve our natural racehorses!

 

This needs to be a new Twitter topic: #EmilyLitellaOrAOC.

[Nanker]

Point of Oar Door, she/he/it could get lamb basted and lose a lot of self of steam in that Twitter ***** Space

8 minutes ago, DC Tom said:

 

This needs to be a new Twitter topic: #EmilyLitellaOrAOC.

 

[3rdnlng]

10 minutes ago, Nanker said:

Point of Oar Door, she/he/it could get lamb basted and lose a lot of self of steam in that Twitter ***** Space

 

Do you have the wear with all to deal with it?

 

Too bad, Duckdog is oblivious to his continued contributions here.

Edited April 8, 2019 by 3rdnlng

[Buffalo_Gal]

 

So according to the first Georgetown Institute of Politics and Public Service “Battleground Poll” of the 2020 cycle, Trump has an unfavorable rating of 55%, but 58 percent of voters approve of the job he has done on the economy. ? Yeah, ok. 'He leaves me with more money in my pocket but I am not gonna vote for him' does not quite jive. "It's the economy, stupid" is pretty true. People vote with their wallets. 

And holy cannoli some of these "poll results".  While only 1K people were surveyed you gotta wonder what the breakdown was... stupid vs very stupid would be my guess.

[DC Tom]

1 hour ago, Buffalo_Gal said:

 

So according to the first Georgetown Institute of Politics and Public Service “Battleground Poll” of the 2020 cycle, Trump has an unfavorable rating of 55%, but 58 percent of voters approve of the job he has done on the economy. ? Yeah, ok. 'He leaves me with more money in my pocket but I am not gonna vote for him' does not quite jive. "It's the economy, stupid" is pretty true. People vote with their wallets. 

And holy cannoli some of these "poll results".  While only 1K people were surveyed you gotta wonder what the breakdown was... stupid vs very stupid would be my guess.

 

I click that link, and it complains about disabling my ad blocker.

 

Sure, NBC, I'm going inconvenience myself and reward you for reading your nonsense.  Tell ya what...you start reporting news and not bull####, and I'll disable my ad blocker.

[/dev/null]

18 hours ago, DC Tom said:

 

I click that link, and it complains about disabling my ad blocker.

 

Sure, NBC, I'm going inconvenience myself and reward you for reading your nonsense.  Tell ya what...you start reporting news and not bull####, and I'll disable my ad blocker.

didn't complain about my adblocker (DNSBL on PFSense)

[Buffalo_Gal]

 

[Tiberius]

Basil dealerships has a tv commercial in which they ask rhetorically, is your tax return smaller than you expected? Lol, they know consumers are feeling Trumped by the new tax law! 

[3rdnlng]

13 minutes ago, Tiberius said:

Basil dealerships has a tv commercial in which they ask rhetorically, is your tax return smaller than you expected? Lol, they know consumers are feeling Trumped by the new tax law! 

You're an idiot. What matters is the overall tax bill for each taxpayer. Car dealerships like the big refunds because of the fact that they were often used as down payments or lease upfront payments. They were similar to interest free savings accounts. Basil is not referring to tax returns but tax refunds---money paid back that was originally overpaid to the government. You must have taken the Maxine Watters economics class.