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Old Yesterday, 01:21 PM
 
1,301 posts, read 290,121 times
Reputation: 1386

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Quote:
Originally Posted by Finn_Jarber View Post
Actually he promised 4-5%, so its a far cry from that promise, but he still says its "best this country has ever seen". Curiously some people actually believe it.
he keeps touting the tax cuts as the biggest in history, but truthfully, in real dollars - he's lying.

Trump’s tax cut is only the eighth largest — and is even smaller than two of Barack Obama’s tax cuts.

He should get a massive shock to the balls for ever lie he tells - that might get him to stop lying, dotcha think?


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Old Yesterday, 01:21 PM
 
7,329 posts, read 4,245,689 times
Reputation: 9702
Fed doesn’t talk about lowering already very low rates in a good economy. I’ve reduced 401k contributions and have more going in savings these days.

We’ve seen yield curve inversion as well.
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Old Yesterday, 01:22 PM
 
2,826 posts, read 1,159,155 times
Reputation: 2712
Good if you are in some tertiary industry like biotech or finance.

Bad if you are in service, which the majority are.

It’s really a story of two economies.
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Old Yesterday, 01:25 PM
 
2,855 posts, read 1,422,372 times
Reputation: 3241
Quote:
Originally Posted by lifeexplorer View Post
Itís not good. If Trump is in charge, itís not good regardless how good it is.
And that's your problem right there...
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Old Yesterday, 01:26 PM
 
Location: Washington State
18,770 posts, read 9,675,098 times
Reputation: 15981
Quote:
Originally Posted by Drewjdeg View Post
Good if you are in some tertiary industry like biotech or finance.

Bad if you are in service, which the majority are.

Itís really a story of two economies.
I agree but regardless of which economy you work in, their are jobs available.

The economy has thrived ever since we elected a Republican Congress in 2010....the change to a Democrat Congress in 2018 has slowed things to be sure with Trump a counter weight to their incompetence. (Nancy caused a Global Financial Crisis last time she was Speaker, she's pretty talented).
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Old Yesterday, 01:55 PM
 
1,301 posts, read 290,121 times
Reputation: 1386
Quote:
Originally Posted by notnamed View Post
Fed doesnít talk about lowering already very low rates in a good economy. Iíve reduced 401k contributions and have more going in savings these days.

Weíve seen yield curve inversion as well.
I've gone very conservative as well. This wave that Trump has been riding and taking credit for is about to take a dive.
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Old Yesterday, 02:02 PM
 
Location: The middle of nowhere
9,156 posts, read 4,173,242 times
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Not terrible but not great either. At least out here in truck stop, Oklahoma, where everything is pretty much dependent on oil and gas. Right now, the shale oil companies are barely staying afloat.

Areas more heavily driven by tech, finance, and housing are doing pretty well right now. Rural America still isn't.

The economy was headed in the right direction until Trump took over and messed everything up. Now we all are going to have to suffer through another downturn, this one entirely self-inflicted.
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Old Yesterday, 02:08 PM
 
Location: East Coast of the United States
17,354 posts, read 19,626,396 times
Reputation: 13151
Quote:
Originally Posted by bingo3000 View Post
Is it---or not?
Did you check where the U.S. stock market closed today?
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Old Yesterday, 02:09 PM
 
Location: NE Mississippi
13,770 posts, read 8,636,898 times
Reputation: 20052
It is good enough so that Trump will be reelected.
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Old Yesterday, 02:11 PM
 
Location: Bellingham, WA
864 posts, read 1,117,032 times
Reputation: 1012
Quote:
Originally Posted by rjshae View Post
Well it's good right now from the perspective that more people are employed. It's not so good from the point of being able to afford what was once more readily available to the middle class -- health care, a college career, a house. But we're living in a global economy now, which is holding down wage growth and keeping the economy going.

For various reasons I've got a feeling that the next recession could be a deep one. Enjoy the moment while it lasts.
I agree with the affordability issues. I used to think the next recession could be a bad one as well, but it really depends on how we continue with the tariff's and better balancing our trade (not a trade war when we buy so much more from other countries than they do from us, sorry). We've endured a slow painful exit of manufacturing jobs, corporations, and their tax incomes for decades...there is no reason we can't enjoy little to no recessions with their return to the US, along with careful adjustment of interest rates to keep things moving without too much inflation.

As far as the oil industry being flat and "bawa's" post about "truck stop, Oklahoma" , I'm not sure I feel sorry for them with what $5/gallon fuel did to everyone in the great recession. Literally anything that shipped a long distance become so expensive to do so that business after business closed their doors unless those items were absolutely necessary. Current fuel pricing still supports development and profits, and is keeping the USA nearly self-supporting instead of at the mercy of oil prices from OPEC. All the trucking/shipping companies we deal with are slammed right now and hiring more drivers.
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