Bad news for Democrats: Stocks record high - Employment 1/2 Century High

And yet Verizon and Wells Fargo Bank have just announced huge layoffs???

 

You mean every single company hasn't quadrupled it's employer roll?
Do tell

 

Meanwhile Verizon and Wells Fargo Bank have both announced huge layoffs of thousands of employees.

 

Let me know when you sucessfully predict the economic future. Oh, and you should probably learn about leading economic indicators. . I posted a link above in case you would care to educate yourself.

 

Those are leading indicators only.. They do not show the cause. They merely mean that in many or most cases conditions are likely to change.

 

Playing dumb?

YOUR CLAIM: "Working age employment is at an all time high"

In other words, "the employment rate among Americans age 15 to 64 is at an all time high"

ONCE AGAIN, THAT'S A FALLACY!

FACTS;

BlS Glossary
Employment-population ratio; The proportion of the civilian non-institutional population aged 16 years and over that is employed

Civilian non-institutional population; Included are persons 16 years of age and older residing in the 50 states and the District of Columbia who do not live in institutions (for example, correctional facilities, long-term care hospitals, and nursing homes) and who are not on active duty in the Armed Force.

AUGUST 2000 Employment-population ratio; 64.3%
https://www.bls.gov/news.release/history/empsit_09012000.txt

AUGUST 2018 Employment-population ratio; 60.3%
https://www.bls.gov/news.release/pdf/empsit.pdf

A huge/significant difference of 4%

AUGUST 2018 Total employed; 155,542,000
If today's Employment-population ratio was at 64.3%; Total employed; 165,936,000

QUESTION; Back in August 2000, which age group substantially raised the employment-population ratio to 64.3%?

Answer; Certainly not the seniors due to the fact; In 2000, the labor force participation rate of workers 65 and over was historically low, thus, RATIONALLY, in 2000, the employment rate among the working age population (16 - 64) was at an all time high.



https://www.bls.gov/opub/ted/2008/jul/wk4/art02.htm

 

yep, Verizon and Microsoft seem to be shipping over a Billion in Jobs to India, Trump's tax cuts do not seem to be working, American jobs are going overseas at a record pace under Trump

https://timesofindia.indiatimes.com...ontract-from-verizon/articleshow/65942354.cms

 

Actually if you look at the long term charts you can pretty much tell when the economy started it's recovery. And they all tell the same story which is the Obama trends have continued under Trump which is a good thing.

The are only really two debatable issue at this point. One is will the bump from the Trump tax cuts continue or will it just be a one or two quarter bump as most economists predict. And two of course is the long term effects of Trumps trade wars on the GDP growth.

Well maybe there is a third which is the long term effects of the growing trade deficit fueled by the Trump tax cuts.

 

But the graphs do not tell you whether it would have gotten better, worse or stay the same. The graphs only tell you what happened. They do not tell you what might have happened.

The tax cuts have already going past a one or two quarter bump with no end in sight. The economy is good in spite of all the doom and gloom forecasts by the democrats.

 

Yes, the economy is good, however, fiscally, we're doomed!

 

According to the democrats that was supposed to have already happened.

 

The bottom line remains that in Nov, the democrats have NOTHING good to offer.

 

Fiscally, we've just turned onto a toll highway so to speak, and Congress is too scared to make a U-TURN.

Examples;

1. Medicare; By 2028, net outlays will double, why? Because in the next 10 years, a majority of our boomers will turn 65. In addition, Medicare Trust Fund will be depleted by 2027, thus, in 2028, Congress will be looking for $1 trillion, and for anyone's info, Medicare is funded primarily from general revenues (41 percent).

This graph is self-explanatory;



2. Interest payments; projected to triple by 2028 due to the following reasons;

a. We've just entered a period of rising interest rates, thus, higher coupon rates on new issues and rollovers.
b. By 2028, near 75% of Uncle Sam's IOU's will be converted to MARKETABLES, thus, interest payments on the Public debt will significantly increase.
c. The Federal Reserve is reducing its balance sheet, thus, gradually selling their Treasuries to China, and the profits they've been returning Treasury will gradually decrease.

August 2017 cumulative interest payments; $275 billion
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0817.pdf

August 2018 cumulative interest payments; $332 billion
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0818.pdf

3. TBA
4. TBA
5 TBA

 

You mean when Obama said those jobs aren't coming back? We have to get used to the new normal?

Mmm Hmm.

 

Democrat are probably taking up another twist in their underlovelies with the latest Gallup poll showing republican approval is at an all time high.

 

Consumer confidence rises to highest level in 18 years.

https://tiny.iavian.net/outo

Well that's like a kick in the crotch to Trump-haters

I can't way to hear the sheep explain how Obama did it.

 

Stopped the greatest recession. Duh.

 

The Bush Bank bailout had nothing to do with Trump's deregulations and the GOP tax cuts Trump signed.

 

I don't agree that Obama did it. I don't agree that Trump did it. American industry did it. But at least the Obama supporters have the timeline right. Consumer confidence was on an upward trend well before Trump took office. That trend did not substantially change after he took office. Trumpist are still stuck trying to use time travel to claim credit for consumer confidence, the stock market, employment, etc.

 

Hahaha

So.. After Trump won, but before he took office, how many times did you predict that Obama's awesomeness wouldn't be fully shown until 18-20 months after Trump started undoing Obama's regulations and high taxes?

If I could bet and prove it, I'd say ZERO...

 

I didn't support Obama's economic policies and I don't credit him for the recovery, but stocks and employment have been climbing at about the same rate since 2009, and consumer confidence has climbed at the same rate since about 2011.

 

I'm also Happy Trump has done better than Obama did.

 

If you would look at the facts, you'd know he wasn't the cause. He's riding a wave that started several years ago. Unless you are suggesting that Trump is a time traveler. Once again, he's the rooster taking credit for the sunrise.

 

How many times before the Trump/Gop tax cuts did you predict the current economic boom?

I'm guessing zero, but please correct me if I'm wrong.

I wait if you have to take a while to remember.

 

The trends haven't changed. I never predicted they would. How many times did you consult the actual metrics before crediting Trump? None. This part of Trumpism is about feels, not facts . But keep believing in time travel.