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What fantasy world do you live in? "Performance" at what? Gaming the system to get more $$$ in your account?
Not many of the wealthy are creating wealth, most merely extract it. And in the process they do harm to the productive economy.
He lives in Las Vegas. I have traveled all over the world but I have never met so many evil and bad people like local Las Vegas residents. Truly disgusting individuals.
Everywhere I go, there are long lines at restaurants and at shopping centers. There are more and more cars on thoroughfares during commute hours. Yes, it seems the economy has indeed rebounded......
If economy is doing fine then why interest rates haven't normalized? All data besides manipulated job reports that came out lately has been bad and flashing recession. The Fed has been lowering 1st quarter GdP forecast, retail sales are down, auto sales are down, transportation data and etc, all bad.
The real drop off is restaurant sales which implies people's pocketbooks are really hurting now.
America is not recovering, we all have been played by the Fed. The Fed's interest is completely counter to the American people. They own more assets of Americans than in recent history, have been given the power to produce liquidity without benefitting Americans through QE. The worse Americans get the better off the Fed gets and the more politicians and bankers worship at their feet. After all, he who controls the money rules the country. The Fed knows this all to well as they destroy everyone's ability to create money besides themselves and argues their ability to make money is helping everyone as they obliterate growth and capitalism.
The Federal Reserve needs to learn what money is and why their actions destroy it and the capitalistic economy. Money is not just a store of value, it is fundamentally reflective of the work and the physical value of what is traded to create it. The Fed's concept of helicopter money, QE, and zirp all undermine not only the fundamental relationship between money and the belief it was created by doing or providing value worth the amount of money, but it creates a corrupt mindset that the best and only way to keep making money is by not providing anything but by sticking as close to the free money/liquidity flow as possible. Thus what the Fed is doing is adding an unheard of level of corruption in the system which gradually destroys the capitalist market and the concept of the very value of money is gained through a fair process. I won't even go into how the Fed's policy destroys savers in order to fund their continued zirp and QE policies. After all, they must make someone losers to hopefully offset their corrupt liquidity spigot.
Americans and true capitalists should be appalled at what is going on in the Federal reserve. Anyone who understands economics and capitalism should be upset, especially if they amassed assets, because even if they are benefitting now from the asset bubble, they will be looking at the real fact that the Fed's action requires them to take more risk than reward just like the bond holders must now accept lower rates than real inflation which is another topic to discuss.
Ist quarter 'growth' estimates revised down to 1% (possibly negative), retail sales down and many stores closing or filing for Bankrupcy protection, consumer sentiment sliped in March, auto sales down, small business sentiment just fell to two year low.
Who in his right mind still believes that America is recovering? If everything is great in America then why number one worry for voters is economy? And why Trump and Bernie are so popular?
Ist quarter 'growth' estimates revised down to 1% (possibly negative), retail sales down and many stores closing or filing for Bankrupcy protection, consumer sentiment sliped in March, auto sales down, small business sentiment just fell to two year low.
Who in his right mind still believes that America is recovering? If everything is great in America then why number one worry for voters is economy? And why Trump and Bernie are so popular?
Ist quarter 'growth' estimates revised down to 1% (possibly negative), retail sales down and many stores closing or filing for Bankrupcy protection, consumer sentiment sliped in March, auto sales down, small business sentiment just fell to two year low.
Who in his right mind still believes that America is recovering? If everything is great in America then why number one worry for voters is economy? And why Trump and Bernie are so popular?
America is not recovering.
i don't really feel like going to the trouble pulling out all the good stuff going on now as i am pressed for time and posted them in an earlier thread but the odds of recession by most noted economists are at 30% .
oh my god how could you suggest such a thing you xenophobic criminal!!!!!!!!!!!!!!!!!!!!!!!!!!!
fascist you must die!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
is what they will say to you.
My answer is GWP Gross World Product. Move a job from a high labor market to a low labor market and GWP contracts by the difference between what the high paid worker got less what they now get at their new job, and what the new worker gets. You can paper over this with a debt bubble as was done over the past 30 years. But running up debt trades a reduction in future consumption for an increase in present consumption. Well the future is here and we have a reduction in consumption. We are in demand side economics, you want economic growth you need more demand (wages).
Ist quarter 'growth' estimates revised down to 1% (possibly negative), retail sales down and many stores closing or filing for Bankrupcy protection, consumer sentiment sliped in March, auto sales down, small business sentiment just fell to two year low.
Who in his right mind still believes that America is recovering? If everything is great in America then why number one worry for voters is economy? And why Trump and Bernie are so popular?
America is not recovering.
Trump and Bernie are popular because a big chunk of the country somehow thinks they deserve 5%er wealth and income without doing anything to earn it. If you're mediocre, you want to blame somebody. Bernie blames rich people. Trump blames illegal immigrants and China. If you don't have a good job in the 2016 economy, you need to look in the mirror. Corporate America is having a hard time hiring people with suitable job skills.
The unemployment rate has dropped from 10% at the peak at the Great Recession to 5% now. U6 is 9.8%. The Euro area has 10%+ unemployment. Canada is over 7%. The Economist magazine has the 2016 GDP growth projection at 2% and 2017 at 2.2%. We've had 5+ years of modest growth. The US has a glut of unskilled and semi-skilled labor. If you don't have 21st century job skills, the economy sucks now and it's going to continue to suck forever.
My answer is GWP Gross World Product. Move a job from a high labor market to a low labor market and GWP contracts by the difference between what the high paid worker got less what they now get at their new job, and what the new worker gets. You can paper over this with a debt bubble as was done over the past 30 years. But running up debt trades a reduction in future consumption for an increase in present consumption. Well the future is here and we have a reduction in consumption. We are in demand side economics, you want economic growth you need more demand (wages).
I can feel the hate.
If the output is the same, the GWP doesn't change regardless of whether you're paying a union factory worker $30.00/hour in the United States or a Chinese factory worker $1.00/hour.
i don't really feel like going to the trouble pulling out all the good stuff going on now as i am pressed for time and posted them in an earlier thread but the odds of recession by most noted economists are at 30% .
Good stuff, yea lets keep pumping the asset bubble more. Sadly most people have realized that over pumping an asset bubble slows the economy because it makes housing ridiculous, makes assets overpriced and risky given the ever lowering reward based on lower and lower returns, depletes incomes for savers, drives the banks that pump the assets into risky territory as fewer buyers actually buy the assets, and a pumped stock market no longer reflects nor indicates a healthy or growing economy.
It's really interesting to see people so bullish on economic expansion when transports are clearly telling a different story. Aside from inflation, I don't see much growth at all. A boost in home sales and a rise in prices does not mean a healthy economy. In fact, inflation for housing is one of the major reasons why the economy can't grow. The Fed's blowing asset bubbles impinge on disposable income and credit as housing cost increases eat up all pay increases and then sum.
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What fantasy world do you live in? "Performance" at what? Gaming the system to get more $$$ in your account? 
