Economic reality check

Perhaps not the most stupid statement of all time - but it certainly ranks up there given the context of the situation. It is interesting that someone can attain the age of 70 - and not have a shred of humility. Sad Sad commentary.

Born with a silver spoon in his mouth - given millions of dollars to start out - then have a number of bankruptcies and get bailed out by the likes of Rothschild and Soro's. The dude has led a life of privilege - privilege that was given - not earned.

But yes - the guy who would screw contractors out of the last payment on a job - knowing the vast majority are not going to go through the effort of suing him as it is just not worth it - is going to work hard for the little guy ... he cares so much don't you know ? This is the bottom of the barrel in terms of integrity and honesty. Its pure scum bucket.

Not sure if you have heard the "George Washington Story" W is out on the ranch and his hand come back with this horse - a beautiful horse. W says "where did you get it" .. Hand says "over in that yonder field". W says "isn't that the neighbors land" ? (the rule back then is that if it was on your land it was yours)

Hand says "yes but the horse is not marked - its not the neighbors horse and it was only a small distance into the neighbors land".

W says " Your fired" Hand is astonished "why, why ? I just got you this beautiful horse and it is not owned by the neighbor".

W says " If you will steal from my neighbor you will steal from me".

Words to live by. I was disgusted when I heard of Trump's antics in relation to shorting contractors.

 

As stated previously - one does not use a few quarters to determine a trend - unless one is an economic idiot.

 

As stated previously - one does not use a few quarters to claim a long term trend has reversed - unless one is an economic idiot.

Then there are the other factors to consider - such as those given in my previous post - the factors that you clearly did not understand.

 

You continue to misrepresent. And you continue to deny that Trump’s policies are superior. And you continue to ignore what he is actually doing.

You need to do homework for yourself.

 

The big wheel keeps spinning around for Boeing
.

 

Too funny and ironic.

 

And again too funny and ironic.

 

You do realize you just crossed the 50 post limit without any meaningful dialog. I think that qualifies you for a troll award.

 

Whats funny and Ironic - the fact that you think a few quarters of interest rates moving counter trend means the trend is still not in place ?

That you don't know what you are talking about is not funny - it is what it is. The irony is you wandering around claiming others have no clue with respect to economic issues when it is you that has no clue.

What is worse is that when corrected - rather than just say something like "OK - my bad" you continue to try to defend a lost position.

Anyone can make a mistake - this is just being human. The one who goes into denial mode when ones mistake is pointed out however is the fool.

 

I've done it. Your argument requires ignoring everything, and I mean literally everything, Trump has ever said about Trade deficits and desperately playing make-believe that he actually believes the exact opposite of what he's said. I've done my "homework" on his economic positions. I've don't my "homework" on the economic indicators. I've offered quotes and I've offered numbers while you've offered literally nothing but baseless assertions.

Here are over 1,000 economists (including 14 Nobel Prize winners) who have also done their homework and who not only explicitly reject Trump's protectionist views but also warn of their long-term potential danger.

 

Thank you very much that needs to be said yes Trump is the king of deficits

 

I respond appropriately to non responsive posts. No one will compare policies of Trump to Obama.

 

There you go again. If Trump is a protectionist the why doesn’t he slap a 20% tariff on all imports and walk away ??

Why he is negotiating to remove trade restrictions on US exports ??

Name some of these thousands of economists ??

 

A trend is a trend. The Fed began to raise rates. Why ?? And now they begun to lower rates. Why ??

 

Yes, rates are coming down sharply, and the Fed seems to be saying the economic outlook looks weak.

 

How do you come to that conclusion ?? What is the primary purpose of the Fed ??

 

Actually, he's toyed with the idea of tariffs as a permanent replacement for income tax. Right now he's probably gone as far as he can with his unconstitutional tariffs without Congress revolting. And yes there I go again, correctly observing Trump's economic beliefs (along worth over 1000 economists, including 14 Nobel Prize winners). Silly me.

If he weren't a protectionist he'd want fewer restrictions on imports too.

I've provided a link. You can read up on it if you want to learn more. Several are named in the article.

 

Read again

 

I am happy to educate you on this, since I have read books about the Fed.

- influencing the supply of money and credit;
- regulating and supervising financial institutions;
- serving as a banking and fiscal agent for the United States government;
- supplying payments services to the public through depository institutions like banks


The headlines :
Fed, Dimming Its Economic Outlook, Predicts No Rate Increases This Year

 

The primary function is to prevent price inflation. What the Fed has done as their director indicated this week is raised rates prematurely. It is now backing off and has lowered rates.

Your headline is an opinion. What is the basis for that opinion ??

 

Nice dodge. You can’t think for yourself ??

 

Dodge? You specifically asked me for economists who disagree with Trump, so I provided them. And several people have independently arrived at the conclusion that Trump is a protectionist. I was saying so we'll before this article was ever published. If you are going to troll, at least git gud.

 

Because the economic outlook for the US looks weak.
The big tax cut stimulus for the corps is a big failure and allowed the deficit to explode, but nothing else.
2018 produced just a 2.9% GDP growth, 2018 4th quarter crashed.
Feb. jobs around 140,000 below expectations, a measly 20k.

Naturally the Fed has to slow down, Dumbo is crashing the economy.

 

I listed their primary functions. You are welcome.

It is not an opinion, the Fed announced they predict the economy to grow less than 2% this year, which means the economy is slowing down.