U.S. wages growing at fastest rate in 9 years as unemployment stays at 3.9 percent

You would hope there would be SOMETHING after a trillion in deficit spending. Wage growth that is only keeping pace with inflation is nothing to write home about.

 

Trump's been President for 700 days and over that period his debt increase is only 6% more than Obama's final 700 days, despite Trump doubling GDP growth!

https://www.treasurydirect.gov/NP/d...tYear=2015&endMonth=12&endDay=21&endYear=2018

Wage growth lagged inflation growth under Obama and you never said squat. Now that wage growth is finally outpacing inflation growth, now suddenly your mouth has turned into a fly trap! Not Pretty!

 

I cited support for my claim, now you are claiming Bloomberg is fake news because you can't handle reality? Sad!

Bloomberg:

America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as “energy independence.”

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania.​

 

Through Sept 2018? It has fallen apart since Sept.

 

Still afraid of the actual numbers I see. Quote spin all you want. The numbers don’t lie.

 

Happy to oblige, Jake. What other 'body' has the kind of power and authority over our economy of the Fed...?

Have you ever wondered WHY or HOW it could be that a mere sniff, snort, or off-hand musing from one the Fed Governors causes our entire stock market system in the United States to go into paroxysms of manic-depressive behavior? Either the 'market' skyrockets upwards nearly a thousand points, or plummets a thousand points... merely on the 'sentiment' of a few hours...? It's because the Fed dictates economic policy, Jake -- ALL of it that matters!

They dictate interest rates; they dictate money supply; they dictate which market segments will prosper and which will languish; they DO 'pick winners and losers', precisely because they have the power to cause some market segments to become stupidly overvalued (as has happened since 2008, and they conspire with other central banks throughout 'the West' to cast a 'webwork' of methodically-applied control over the "free"-market economies of the world. The Fed... the European Central Bank... the Bank of England... et al....

The Fed has steadily been increasing its power, but it took over completely in August 2007. Now, "We the People" will never regain control of our economy again.... But I'm sure that you disagree.

 

It causes inflation immediately. It doesn't wait for anyone to become rich.

 

Wages rising? This seems antecedal but it's not happening. At least for the average worker. Instead, I have been hearing how companies are cutting back even more. Either by dropping plans, which might at first seems like they are given a rise, but instead are actually not given an increase to pay but just dropping bonuses/plans for their workers. But hey at least Trump and the Republican-controlled Congress gave them a tax break to do it but didn't do it. Also, the stock market gains this year have been literally wiped out by a few days of record lows as well. Also, people are pointing towards another recession as well.

 

But Obama has been going around saying this is “his” economy, what changed?

The best part is where Progressices pick an arbitrary date. I keep seeing January 2018 as “officially Trumps”

Lol

 

$1.759 at Sam's Club. Consumer confidence at a 20 year high. Thank you Donald J. Trump.

But let's get that gas price up a bit to avoid layoffs in the oil fields.

 

Thank you, Mr. Obama, and the recovery, which Trump is trying to break.

 

Obama was nothing but a stooge and 'house pet' for the Federal Reserve central bank. When are you going to realize that? Did Obama ever set an interest rate? Did Obama ever decide to increase the dollar-denominated money supply? Did Obama decide to enact a series of "Quantitative Easings", and "Operation Twist", or go on a titanic binge of "bond-buying" in what everyone regarded as toxic crap markets?

Seriously -- Obama?! Run the economy?! Hell, the man never even held a single job in the REAL world in his entire life!

No... this college teacher merely ran a Democrat "Welfare Circus", to keep the American 'cattle' from kicking down the corral. He was OBEDIENT, and he did what he was TOLD to do.... (In fairness, much the same could be said about "W" Bush, too!)

. "OK, Barack, I'm your new master, Benny Bernanke -- and when I say "roll over" -- HIT THE FLOOR!"

 

If anybody has stock in anything (401ks, Roth IRAs, IRAs, etc...) what ever was promised by Trump was wiped away within a few days. Not only that but the stock market was responding, more or less, to Trump's trade war with China. Trump has stolen people's retirement plans over a dumb trade war with China.

 

Oh, good heavens, Pollycy.

 

I knew libs wpuld be offended by rising wages

What they want are rising unemployment checks

 

In a comic book story, a tornado carries away Scrooge McDuck's money. People all over the world grabbed it so that everybody had a million dollars so that nobody would have to work. Scrooge tended to his garden and everybody came to him to buy food, so he got all of his money back.

 

Must be nice to have no money tie-up in stocks. For me personally the only silver lining is that I am young enough to recoup my losses but for older people they are pretty much ****ed at this point.

 

Well, first of all -- everybody should know (and should HAVE KNOWN) that neither Trump, nor Obama, nor "W" Bush has had any 'dominance' over the Federal Reserve System.

What everybody SHOULD know (and should HAVE KNOWN) is that thanks to nine solid years of incessant Fed meddling and manipulation, the stock market by Q3 of this year was (and remains) horribly OVERVALUED!

What everybody SHOULD have remembered (and should have had at the forefront of their tiny minds) is the fact that the Fed WANTS inflation, and, more importantly, is desperately trying to get rid of its FOUR TRILLION DOLLAR BALANCE SHEET!

Thus, anybody who remained in this bloated, way-oversold "fraud-balloon" market after the end of 2017 was BEGGING to get caught in "the Grinder". And it ain't over yet....

Hint: Want to 'stop your bleeding'...? Than stop focusing on politicians -- ALL politicians, and focus on the Federal Reserve instead!

 

Those of us who have money tied in the markets, etc., are in it for the long haul.

That's how you succeed, penner. The losses will be recouped.

And the best advice is to ignore the criticism and advice of any one from the sovereign citizenry or free American hate groups.

 

What’s sad is that you were so humiliated by my post calling you out for misrepresenting oil exports that you reported it to moderators to have it removed. Classy. Just debate with real facts and everyone can leave with his dignity.

 

Mama said buy low, sell high.

 

Stocks aren't high

 

They were, penner, and will be again, so buy now. In fact, let's see what the week brings.

 

I gained about 200,000 during the rise and just lost 40,000 so I don’t have a complaint. Trump is upset with the Fed because they are raising rates to help wall street which is disconnected from Main Street. Main Street is doing well.

Some say that the rates hurt Wall Street but in the long run the idea is to protect the market by slowing it down.

 

No response to my Post #39...? Not surprising.

So, Jake, you stay in the market, lose your butt, 'rinse-and-repeat'... it's no skin off my nose. But please be willing to give me a little credit... at the end of May 2007, I SAW what was coming (I had been seeing it coming like a runaway freight train since about Nov. 2006). I got rid of all my stock holdings, including stock options, and did quite well. Then, in August 2007, the Fed took over the entire economy of the United States, and within six months -- well -- you KNOW what happened (the 'revisionists' haven't had a chance to create an alternate-history about it yet).

How does this affect you who remain in a stupidly-overvalued market today? A really big fun time in 2019, with lots of "dead-cat-bounce", "catch-a-falling-knife", and, "race-to-the-bottom". Have a ball, Jake... it won't be boring....