Wall Street Journal Admits US Economy Sailed Through Trade War with Barely a Scratch

Discussion in 'Current Events' started by Paul7, Jan 13, 2020.

  1. Paul7

    Paul7 Banned

    Joined:
    Jun 4, 2012
    Messages:
    13,424
    Likes Received:
    9,372
    Trophy Points:
    113
    JET3534 and HB Surfer like this.
  2. BuckyBadger

    BuckyBadger Well-Known Member

    Joined:
    Aug 15, 2018
    Messages:
    10,014
    Likes Received:
    9,521
    Trophy Points:
    113
    Trump knows what he is doing because...... He is a REAL businessman.
     
    HB Surfer, Kat236 and LogNDog like this.
  3. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    17,390
    Likes Received:
    7,979
    Trophy Points:
    113
    Without a scratch?
    We gave (not lent, gave) farmers more money than we gave the auto manufacturers during the recession (that they paid back).

    Also the first line of the sourced article states:
    “Economic data shows limited damage from tariffs, though it might take years to see full Impact
     
    AKS, Egoboy and fiddlerdave like this.
  4. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    17,390
    Likes Received:
    7,979
    Trophy Points:
    113
    upload_2020-1-14_0-46-3.png
     
    Last edited: Jan 14, 2020
  5. LogNDog

    LogNDog Well-Known Member

    Joined:
    Aug 16, 2015
    Messages:
    3,695
    Likes Received:
    4,100
    Trophy Points:
    113
    Pelosi, "This is Armageddon".



    "Donald Trump's first gift to the world will be another financial crisis." Headline in the U.K. Independent. "

    "I have no stocks. I advise people not to invest in the stock market, not now. Way too dangerous." Film maker Michael Moore, August, 2017.

    "It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? A first-pass answer is never… So we are very probably looking at a global recession, with no end in sight." Paul Krugman of the New York Times the day after the election.

    "Trump's domestic policies would lead to recession." Former GOP presidential candidate Mitt Romney, March 2016.

    "If Trump wins we should expect a big markdown in expected future earnings for a wide range of stocks — and a likely crash in the broader market (if Trump becomes president)." Eric Zitzewitz, former chief economist at the IMF, November 2016.

    "Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States." Former Clinton and Obama chief economist Larry Summers, June 2016.

    "Trump would likely cause the stock market to crash and plunge the world into recession." Simon Johnson, MIT economics professor, in The New York Times, November 2016.

    "Citigroup: A Trump Victory in November Could Cause a Global Recession", Bloomberg Financial News headline, August 2016.

    "I have never seen an election in which the markets have so strong of a view as to what was good and bad about the outcome. And what you saw was the markets rallying yesterday because of the FBI thing on Sunday. And the reason I mention this particularly is if the likely event happens and Trump wins you will see a market crash of historic proportions, I think…The markets are terrified of him." Steve Rattner, MSNBC economics guru and former Obama Car Czar, October, 2016.

    "Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House. New research out on Friday suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump defy the polls and deliver a shocking upset on Nov. 8." Ben White, Politico, October 2016.

    "A President Trump Could Destroy the World Economy", headline of Washington Post editorial, October 2016.
    https://www.investors.com/politics/...oming-the-greatest-false-predictions-of-2017/

    Every one of those predictions was totally wrong. We are getting sued to the left being wrong. It is leaving a mark for the future elections. They don't have any issues so they are trying to manufacture one. The public isn't as stupid as the left hopes they are. My 401K is going nuts. Thanks Trump.

    [​IMG]

    [​IMG]
     
    Last edited: Jan 14, 2020
    mpw8679, roorooroo, Red Lily and 6 others like this.
  6. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    17,390
    Likes Received:
    7,979
    Trophy Points:
    113
    You should at least give credit if you are going to directly steal someone else's collage of quotes (a rule violation btw).

    As for your 401k going “nuts”, that was happening in late 2007 — shortly before brokers and bankers were jumping to their deaths because they had lost everything. Also, less than 1/3rd of Americans have 401k’s [source] and a tad over 50% own stocks [source] (92% of which have less than $5,000.00 invested) so the majority of people care very little how these items are doing — and they are not an indicator of the larger economy.
     
    Yulee likes this.
  7. LogNDog

    LogNDog Well-Known Member

    Joined:
    Aug 16, 2015
    Messages:
    3,695
    Likes Received:
    4,100
    Trophy Points:
    113
    I did give credit. Let me help your oversight. There is a link to the quotes in my post. Get over it. It isn't my fault you didn't see it.

    It is 2020. We have been seeing these dire doomsday prediction since Trump was elected and yet most economists agree that 2020 is going to be much like 2019. Ya Trump.
     
    Last edited: Jan 14, 2020
    roorooroo likes this.
  8. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    17,390
    Likes Received:
    7,979
    Trophy Points:
    113
    https://www.washingtontimes.com/news/2017/dec/31/trump-economy-false-predictions-left/
    You realize what copyright infringement is, yes?

    Those guys have never been wrong!
     
    Last edited: Jan 14, 2020
    fiddlerdave likes this.
  9. LogNDog

    LogNDog Well-Known Member

    Joined:
    Aug 16, 2015
    Messages:
    3,695
    Likes Received:
    4,100
    Trophy Points:
    113
  10. LogNDog

    LogNDog Well-Known Member

    Joined:
    Aug 16, 2015
    Messages:
    3,695
    Likes Received:
    4,100
    Trophy Points:
    113
    The predictions of the left for the last three years have been wrong.
    Trump was never going to win the primary.
    Trump was really a liberal trying to fool the public.
    Trump wasn't ever going to win the election.
    Clinton, by a landslide.
    Trump would resign in the first 100 days.
    They would impeach Trump in the first six months.
    The economy was going to be "Armageddon!!!"
    Mueller was going to put Trump in Jail. (no collusion)

    And you want to talk about predictions. That's cute.
     
    Last edited: Jan 14, 2020
  11. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    17,390
    Likes Received:
    7,979
    Trophy Points:
    113
    Please quote me where I predicted anything.
     
  12. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    45,908
    Likes Received:
    13,822
    Trophy Points:
    113
    Thanks President Trump!
     
  13. LogNDog

    LogNDog Well-Known Member

    Joined:
    Aug 16, 2015
    Messages:
    3,695
    Likes Received:
    4,100
    Trophy Points:
    113
    That isn't where I got the quotes from. Try again. Look at the link. It's not that hard, really. Here is the link, AGAIN. Same two guys. Same article. Different publication.

    And The Hits Just Kept Coming: The Greatest (False) Predictions Of 2017
    https://www.investors.com/politics/...oming-the-greatest-false-predictions-of-2017/
     
    Last edited: Jan 14, 2020
  14. LogNDog

    LogNDog Well-Known Member

    Joined:
    Aug 16, 2015
    Messages:
    3,695
    Likes Received:
    4,100
    Trophy Points:
    113
    You are questioning the accuracy of people that have been making the right predictions about the economy for three years and yet your party has sucked, totally, on their predictions in the last three years. Have you ever questioned those predictions or have you fallen lock step into pushing the far left talking points?
     
    Last edited: Jan 14, 2020
  15. fiddlerdave

    fiddlerdave Well-Known Member Past Donor

    Joined:
    Sep 9, 2010
    Messages:
    17,628
    Likes Received:
    1,332
    Trophy Points:
    113
    Who is going to pay back the billions Trump paid to the big farm industries? The Chinese? Now! The taxpayers! And the small growers have been going bankrupt left and right, and those American are screwed. But don't worry! Those big growers will take those small farms and make the big Ag growers richer! So much WINNING!

    Everything goes great when the Republicans spray money into the economy by the trillions!

    Go back under Obama and listen to the horror stories the Republicans if Obama spent a part of the money to prevent our economy from completely melting down!

    Yet the grandiose predictions from Trump and the Republicans do not meet those predictions and less and less is happening in the economic.

    And workers are making pennies in their raise and the billions of the jobs (like in Wisconsin failures from Trump's "renaissance"). Its starting to come apart at the seams!

    So much WINNING!

    Reason.com
     
    Last edited: Jan 14, 2020
  16. Libby

    Libby Well-Known Member

    Joined:
    Mar 23, 2017
    Messages:
    6,655
    Likes Received:
    11,221
    Trophy Points:
    113
    Gender:
    Female
    Lather. Rinse. Repeat. Hasn't everyone picked up on the pattern by now?

    The left predicts doom and gloom, Trump is successful instead, and around and around we go while the left moves on to the next gloom and doom prediction.

    The daily horoscopes are probably more accurate than the average Trump-hater's predictions.

    Meanwhile what's the most sad is that there are folks on the left who are disappointed and frustrated that the "trade war" didn't result in doom and gloom they could blame on Trump.
     
  17. HTownMarine

    HTownMarine Well-Known Member Past Donor

    Joined:
    Jun 12, 2013
    Messages:
    6,929
    Likes Received:
    2,429
    Trophy Points:
    113
    My investments are booming.

    MAGA 2020.
     
    LogNDog likes this.
  18. LogNDog

    LogNDog Well-Known Member

    Joined:
    Aug 16, 2015
    Messages:
    3,695
    Likes Received:
    4,100
    Trophy Points:
    113

    All of a sudden the left becomes a friend of the rural community? ROLMAO. Give me a break.

    China and Canada have been screwing over the US under Obama's regime. Sometimes you have to break a few eggs to fix a mess. Farmers have been subsidized to make up for some of the loss and farmers make up a very small percentage of the population and economy.

    Economists Say Trump Administration Is Overpaying Farmers For Trade Losses
    "If you're caught in a trade war, it's good to be a farmer.


    Lots of American companies have lost sales since the Trump administration and China embarked on the current cycle of tariff-raising and retaliation. Few, if any, have been compensated as handsomely as farmers.


    This week, Secretary of Agriculture Sonny Perdue unveiled details of the latest aid package for farmers who've lost export sales. It includes $14.5 billion in direct payments to farmers, another $1.4 billion in government purchases of agricultural commodities that will be distributed to food banks, and $100 million in loose change to promote exports to new countries. This is on top of $12 billion in aid that the Trump administration distributed last year."

    https://www.npr.org/sections/thesal...ation-is-over-paying-farmers-for-trade-losses

    If farmers are so hard hit why are they so overwhelmingly supportive of Trump?

    Farmer Support For Trump Climbs As Impeachment Vote Nears
    "Job performance approval for President Donald Trump has climbed to an all-time high in the Farm Journal Pulse Poll as a House vote on impeachment nears. Of the 1,225 farmers and ranchers who responded, 82% either strongly approve or somewhat approve of the way Trump is handling his job as president. That is up from 78% in the previous month."
    https://www.agweb.com/article/farmer-support-trump-climbs-impeachment-vote-nears

    [​IMG]
     
    Last edited: Jan 14, 2020
  19. Egoboy

    Egoboy Well-Known Member Past Donor

    Joined:
    Oct 31, 2017
    Messages:
    19,780
    Likes Received:
    12,084
    Trophy Points:
    113
    Gender:
    Male
    Hmmm .... let me see if I can connect those 2 things from your post....

    1. Economists Say Trump Administration Is Overpaying Farmers For Trade Losses
    2. Farmer Support For Trump Climbs As Impeachment Vote Nears

    I'm sure there's a connection there... I'll think on it some more...
     
    fiddlerdave likes this.
  20. Egoboy

    Egoboy Well-Known Member Past Donor

    Joined:
    Oct 31, 2017
    Messages:
    19,780
    Likes Received:
    12,084
    Trophy Points:
    113
    Gender:
    Male
  21. tharock220

    tharock220 Well-Known Member

    Joined:
    Jan 20, 2016
    Messages:
    1,953
    Likes Received:
    853
    Trophy Points:
    113
    Remember when the yield curves inverted and everyone knew that was a sign of an imminent recession due to Trump?
     
    HB Surfer likes this.
  22. HB Surfer

    HB Surfer Well-Known Member Past Donor

    Joined:
    Feb 10, 2009
    Messages:
    28,697
    Likes Received:
    11,886
    Trophy Points:
    113
    Yep. This is a real solid post. I agree. The Spending and National Debt are a damn shame. It's too bad Trump has not taken it more seriously. I am not cool with the Spending going on.
     
  23. cd8ed

    cd8ed Well-Known Member Past Donor

    Joined:
    Jul 19, 2011
    Messages:
    17,390
    Likes Received:
    7,979
    Trophy Points:
    113
    One of the main reasons I didn’t vote Democratic in 2016 was because the left doesn’t even acknowledge the debt — now it only seems the right acknowledges it when they are trying to win an election and then ignore it until the next election. I really don’t know where to go from here.
     
    Doofenshmirtz likes this.
  24. HB Surfer

    HB Surfer Well-Known Member Past Donor

    Joined:
    Feb 10, 2009
    Messages:
    28,697
    Likes Received:
    11,886
    Trophy Points:
    113
    There are still many of us that are totally against the Spending / Debt. I consider myself a Conservatarian. (Conservative / Libertarian). I totally agree with the Libertarians on Spending, Reduction of Forces Overseas, and many of the Civil Liberties, but do agree with the Conservatives on Immigration. Trump is far too silent/complicit on the spending. The establishment Democrats and Republicans are good with him on the ridiculous budgets.
     
    roorooroo, AKS and cd8ed like this.
  25. AmericanNationalist

    AmericanNationalist Well-Known Member

    Joined:
    Aug 28, 2013
    Messages:
    29,030
    Likes Received:
    10,615
    Trophy Points:
    113
    Gender:
    Male
    Note that the yearly percentage of Debt-GDP% is by the decade. And also note that we hit 100% by 2012. Since it's at 106%, spending has actually slowed. No, it hasn't stopped but it has slowed. We could of course use more fiscal responsibility in Congress(as that passes the spending bills.). Further proof of some slight fiscal sanity is that the deficit/surplus ratio has gone down from 9.6 to 4.5.

    There's a reason I'd become somewhat a half-Keynesian. I miss Akiphi, who was one of our resident economists and now I have to carry the torch.(though I don't go as far as he does.) The economy needs surplus activity(generally seen as spending) in order to produce. Where I differ, is that spending has largely been military, health care, etc. Very little of it, on long term economic productivity.

    As long as the government gifts itself and asks taxpayers to continue being a slave to the government, we won't make too much more headaway or get the bang for our dough.
     

Share This Page