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I've been seeing and reading several articles that really seem like the media is trying to spin up a recession. Examples:
AP posted an article "Homebuilding sinks as apartment construction slips" in which it notes apartment starts slipping -9.4%. Read on in the fine print in the article where it's up 25% from last year, and single family construction is also up 7.4%. I'm seeing this as only a net 2% slowdown in apartment starts with home buying up....a good thing in my economic view vs. apartments as more people are "moving on up".
CNBC posted an article "Bad sign for commercial real estate, the architecture business is slowing down", citing few new contracts. Read on where it says this doesn't include single family projects and that rental apartments are still strong. I work in construction and the only reason I can credit the few new contracts for architectural work is that they are already full...we're seeing drawings come in months and months late. I'd believe that retail storefronts are down as more businesses move to a online sales and shipping model, but the rest is hog wash.
Yet another article focused on manufacturing in Ohio and "how hard it was hit by Trumps Tariff's on China", citing some business of a handful of people that had to increase prices 25% because of the Chinese stuff they were peddling and might have to close. Then in the bottom of the article it went on to say that other manufacturing startups/restarts had resulted in hundreds of new jobs in the same town.
I could go on and on, but there is no need. The spin is obvious. You can hate Trump all you want, but the media messing with our economy and livelihood messes with all of us....unless you don't have a job already. A recession swallows billions of dollars in net worth, states cut education and emergency services spending, jobs are lost, families loose their homes, unemployment and food stamp draws swell and put our states and nation further in debt, the dollar sinks in values and other countries surge in and buy up our commodities driving prices higher for food and fuel while times are already bad....but that's ok, giving Trump a black eye is obviously more important. In the meantime the same liberal elite will be thrilled when they can buy up our foreclosed homes, repossessed cars, and stocks for 25 cents on the dollar AND you fall into their "safety net" apartment subsidized by the government.
There is a general concern among economists/financial folks that the economy has been adding jobs for 9 years and that we have been on the longest recovery ever ....so there is cautious speculation that we may be due for a bit of a slow down.
It isn't the 'media' -- it's generally accepted.
Longest recovery ever -- 121 months......wow.
I would love for it to continue but reality is reality and not assigning anything to Trump -- he hasn't steered this economy and it won't necessarily be his fault when it slows down.
(Doesn't the economy usually slow down a bit during an election year?)
The media has definitely proven itself to be the most immoral profession on earth.
They feed off death and disaster.
They crave pain and suffering.
They think like a serial killer.
Anything to make Trump look bad, even if it be a nuke war, they desire it. TDS is very serious condition that endangers all of us.
Interesting because I clearly state Trump isn't driving the economy and you assume that anyone who is concerned by a slow down would blame it on Trump.
Of course because Trump has taken ownership of all positive factors of the economy since he was elected, he should expect to also take ownership of all the negative factors. He set himself up for that. You can blame the left...but Trump wrote the script -- they are just playing along.
There is concern for a slow down......it is expected after 121 months of recovery. That's a long time.
I just feel like the titles of the articles I referenced are out of touch with the goings on even within the articles, they come across as a recession is looming everyone hide your money in your mattress ASAP when that's far from true. Properly managed(interest rates need to be adjusted to curb inflation yet promote growth, individually if need be), I think we don't have to have recessions at all and that they are engineered for profit taking honestly.
So pknopp, how would you feel if I was a big media honcho and I wanted to buy a bunch of stock from a company you happen to have shares of in your retirement portfolio. I simply post an article titled "So and so's sales slid sharply in June" and watch it plummet. You or your account manager goes oh no better get out of that, and sells, then it drops some more. Then I would buy. Within the article through in the fine print that who knows how many people actually read, "sales are up 58% year over last", so it's really not a big deal....just had a flat month due to anything from sales people on vacation or products/materials being behind schedule. Next month posts more gains and big media man just made 25% profit in a month. It's supposed to be illegal, but it happens ALL THE TIME.
There is a general concern among economists/financial folks that the economy has been adding jobs for 9 years and that we have been on the longest recovery ever ....so there is cautious speculation that we may be due for a bit of a slow down.
It isn't the 'media' -- it's generally accepted.
Longest recovery ever -- 121 months......wow.
I would love for it to continue but reality is reality and not assigning anything to Trump -- he hasn't steered this economy and it won't necessarily be his fault when it slows down.
(Doesn't the economy usually slow down a bit during an election year?)
Also other similar countries are doing worse than us. France, Germany, Japan, Italy, the UK have worse numbers coming in. They very well could drag us down.
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