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Old 10-01-2019, 10:07 AM
 
20,955 posts, read 8,696,215 times
Reputation: 14051

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Quote:
Originally Posted by rjshae View Post
There's a manufacturing slump in Europe as well.

https://www.bloomberg.com/news/artic...nth-since-2012

Trade concerns are getting most of the blame.
True - TRUMP CAUSED those trade concerns!

If he would have simply occupied the chair....we'd be at DOW 30K or so. Things were slowly getting better and better.

It takes real talent to set the USA manufacturing BACK A DECADE!

Just as it took talent for him to get 5 cents on the dollar for his AC Casino. There is a special kind of ignorance to making things which are already OK into nothing.
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Old 10-01-2019, 10:10 AM
 
20,955 posts, read 8,696,215 times
Reputation: 14051
Quote:
Originally Posted by DannyHobkins View Post
Did you actually read the article? The stock markets isnt tanking as you also stated (its down 195 point which is a normal trading day). Ex-US the world is in a recession and parts of it are experiencing negative interest rates which is the culprit for lower demand. The US economy is experiencing the best economy in modern history, thanks to Trump. If we had a Hillary in power we would be in decline right now.
I am a 40+ year investor and follower of the markets. The markets are up less then 3% per year since almost two years back...since TRUMP signed his "tax reform" and started his tariff BS.

Best economy? You really have to be seeing things......we are already in a "recession" in everything but name. A slowdown, so to speak.

The markets are up about 1/4 of what they would be in a really good year.....since Trump signed his debt king orders.

My goodness. No proof is enough. I remember when all the same indications were clear in 2006 and people like you were claiming the same things.

Trump is making America the Great Recession Again.

The great unsaid in "it will take a long time to fix what others did before Trump" is that if we just let him be a Dictator he will fix us...just like he fixed Atlantic City. So let him....declare himself the Chosen One.
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Old 10-01-2019, 10:12 AM
 
Location: King County, WA
15,873 posts, read 6,573,652 times
Reputation: 13367
Quote:
Originally Posted by DannyHobkins View Post
The US economy is experiencing the best economy in modern history, thanks to Trump. If we had a Hillary in power we would be in decline right now.
Thanks Nostradamus. With your prognostication skills, winning the lottery should be a breeze.

One small thing though: the economy was better under Bill Clinton. Remember him?
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Old 10-01-2019, 10:13 AM
 
Location: Florida
76,971 posts, read 47,700,897 times
Reputation: 14806
Quote:
Originally Posted by fibonacci View Post
So much for MAGA and bringing back home all of those manufacturing jobs. Worst report since the Great Recession and the market is tanking hard. I thought winning trade wars was easy? Apparently not.

https://www.marketwatch.com/story/sl..._theo_homepage
Anyone who listens to Trumps reassurances that jobs are coming back and that the economy is "best ever" is lying to themselves.

DOW has made practically zero gains in 20 months, and the chances are it will actually fall.
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Old 10-01-2019, 10:15 AM
 
Location: Sonoran Desert
39,093 posts, read 51,295,696 times
Reputation: 28337
I wonder if the stock market, which up until now has been ignoring the rather obvious signs of impending recession, has finally caught on to the realization that the tariff war is bringing everyone down. US manufacturing is already in recession. The US is not immune to Trump's blundering. Putting the world economy in a sling is going to eventually cripple the US as well.
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Old 10-01-2019, 10:15 AM
 
9,617 posts, read 6,074,274 times
Reputation: 3884
~190 points at ~27000 is a pimple on an elephants butt. So is the issue raised.
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Old 10-01-2019, 10:19 AM
 
Location: Sonoran Desert
39,093 posts, read 51,295,696 times
Reputation: 28337
Quote:
Originally Posted by earthlyfather View Post
~190 points at ~27000 is a pimple on an elephants butt. So is the issue raised.
300 now. And if you consider that it was up nearly 200 when the manufacturing news broke, it is a pretty serious slide. Anyway the market is always late to the show. It is the manufacturing number itself that should concern everyone. The US manufacturing sector has gone underwater with very little to suggest it will recover soon. Sooner or later that means jobs are going on the chopping block.
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Old 10-01-2019, 10:23 AM
 
1,877 posts, read 679,427 times
Reputation: 1072
Quote:
Originally Posted by DannyHobkins View Post
Ex-US the world is in a recession
Erm, no it isn't.
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Old 10-01-2019, 10:26 AM
 
Location: Sonoran Desert
39,093 posts, read 51,295,696 times
Reputation: 28337
Quote:
Originally Posted by MnM258 View Post
Erm, no it isn't.
That's right. Especially China. Their most recent manufacturing index grew rapidly at the fastest pace since 2018. Who is winning this tariff war?
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Old 10-01-2019, 10:37 AM
 
4,195 posts, read 1,603,975 times
Reputation: 2183
Quote:
Originally Posted by craigiri View Post
True - TRUMP CAUSED those trade concerns!

If he would have simply occupied the chair....we'd be at DOW 30K or so. Things were slowly getting better and better.

It takes real talent to set the USA manufacturing BACK A DECADE!

Just as it took talent for him to get 5 cents on the dollar for his AC Casino. There is a special kind of ignorance to making things which are already OK into nothing.

that is the "trump touch" a man born wealthy who by many's judgement would be wealthier if he had done absolutely nothing except keep his money in effect away from himself and just invested in the market...the trump touch is now doing for the country what he has done for himself..loose money
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