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Old 07-17-2019, 07:39 PM
 
Location: Unperson Everyman Land
30,482 posts, read 20,126,631 times
Reputation: 8392

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Quote:
Originally Posted by pknopp View Post
The economy is broken. That is not a secret.

Best job market since LBJ was in office, GDP finally north of 3%, inflation is low and wages are rising for all income brackets....yeah, it really sucks!
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Old 07-17-2019, 08:00 PM
 
1,752 posts, read 596,910 times
Reputation: 1346
Is there anymore in the article about what exactly is puzzling about the economy? You didn't quote any specifics, so they must not have been obvious, or present.

There are some surface paradoxes in the economy, namely a historically low unemployment rate along with low inflation. That paradox is resolved if you look at workforce participation rates.
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Old 07-17-2019, 08:13 PM
 
24,098 posts, read 11,968,087 times
Reputation: 10263
Quote:
Originally Posted by Joe the Photog View Post
CEO of railroad giant CSX says the economy is the ‘most puzzling’ he’s seen as stock plummets

I follow railroads both literally and figuratively (literally for photography) and railroads typically are a sign of the economic times. I had a photo in Trains Magazine a few years ago where they reported the auto industry was about to turn around based on carloadings of, well, cars. A few months later, I began seeing the same reports in the mainstream media.

I'm no economist. I'm not claiming this means anything in the broad sense. CSX has never been known as the best run railroad in the business,
Really? I work for BNSF. Never been busier. From hauling oil out of the Dakotas and eastern Montana to “Z” trains from Seattle to points east and coal out of Wyoming.
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Old 07-17-2019, 08:31 PM
 
Location: Decatur, GA
5,300 posts, read 4,038,452 times
Reputation: 2825
BNSF is a special kind of railroad. It doesn't chase every new fad that the investors are salivating over like literally all the others do.
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Old 07-17-2019, 08:39 PM
 
Location: Long Island
33,094 posts, read 13,966,623 times
Reputation: 7053
Low unemployment rising stock prices but many indicators like bond inversions indicate a downturn coming.
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Old 07-17-2019, 09:45 PM
 
7,151 posts, read 1,799,118 times
Reputation: 4248
Quote:
Originally Posted by pknopp View Post
The economy is broken. That is not a secret.

When it takes keeping near zero percent prime rates and over spending by the trillions the economy has problems. I don't see anything puzzling about it.

When the wheels fall off its going to be like never before.
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Old 07-17-2019, 09:57 PM
 
Location: Jewel Lake (Sagle) Idaho
27,624 posts, read 17,675,866 times
Reputation: 15700
Quote:
Originally Posted by pknopp View Post
Trump doesn't count.

Trump's top economic advisor noted it was.
Record low unemployment counts. Record GDP counts. Growth in US manufacturing employment counts. Record stock market counts.

Emotions and tantrums...don't.

Last edited by Toyman at Jewel Lake; 07-17-2019 at 10:14 PM..
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Old 07-17-2019, 10:00 PM
 
21,577 posts, read 11,631,561 times
Reputation: 12319
So are you liberals openly rooting for a recession now? I know most of you own nothing and live off my taxes but it’s sad if you hope for failure.
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Old 07-17-2019, 10:05 PM
 
Location: Montgomery County, PA
14,688 posts, read 9,742,217 times
Reputation: 12254
Quote:
Originally Posted by Avondalist View Post
Is there anymore in the article about what exactly is puzzling about the economy? You didn't quote any specifics, so they must not have been obvious, or present.

There are some surface paradoxes in the economy, namely a historically low unemployment rate along with low inflation. That paradox is resolved if you look at workforce participation rates.
I read the article before seeing this thread and never figured out what was "puzzling" him. I once heard if you want to know where the economy is going, watch the corrugated cardboard industry. Never knew if there was any truth to that.
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Old Yesterday, 12:13 AM
 
79,516 posts, read 33,688,908 times
Reputation: 15910
Quote:
Originally Posted by momonkey View Post
Best job market since LBJ was in office, GDP finally north of 3%, inflation is low and wages are rising for all income brackets....yeah, it really sucks!
Which would mean thinking that we needed to lower rates would be crazy but that is what we are looking to do.
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