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Greatness is a comparison to other economies. Is there another economy that is greater? and that's neat how you parlayed right into economy greatness from consumer sentiment.
Sentiment is feelings
Greatness can be measured
Sentiment, in this case of consumers, is an index that is used. And as Trump uses the word "great" I doubt is in a measurement sense.
In either case, Consumer Sentiment is down to the 2nd lowest level since the end of 2016, and those "feelings" of the consumers usually drive some very concrete numbers for which the "greatness" is measured.
It's only one month, and "feelings" can be fickle. But it definitely should be paid attention to.
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Donald Trump inherited an extremely strong economy from Barack Obama and the practices and procedures Barack Obama put in place to create the strong economy. Donald Trump filed bankruptcy six times! Donald Trump knows nothing about business or the economy. Blame Donald Trump, the smart genius, for the coming recession. At some point, this economy is going to have to be about Donald Trump and not about alibis.
Donald Trump inherited an extremely strong economy from Barack Obama and the practices and procedures Barack Obama put in place to create the strong economy. Donald Trump filed bankruptcy six times! Donald Trump knows nothing about business or the economy. Blame Donald Trump, the smart genius, for the coming recession. At some point, this economy is going to have to be about Donald Trump and not about alibis.
Donald Trump inherited an extremely strong economy from Barack Obama and the practices and procedures Barack Obama put in place to create the strong economy. Donald Trump filed bankruptcy six times! Donald Trump knows nothing about business or the economy. Blame Donald Trump, the smart genius, for the coming recession. At some point, this economy is going to have to be about Donald Trump and not about alibis.
I think this will be Trump's ultimate legacy. Long after he's out of office, we will still be cleaning up the economic mess he has created. It very well could be the 2030s before we get back below 5% unemployment. The near and midterm future doesn't look pretty. The saddest part of it all is none of this had to happen. This is 100% the fault of Donald Trump.
Donald Trump inherited an extremely strong economy from Barack Obama and the practices and procedures Barack Obama put in place to create the strong economy. Donald Trump filed bankruptcy six times! Donald Trump knows nothing about business or the economy. Blame Donald Trump, the smart genius, for the coming recession. At some point, this economy is going to have to be about Donald Trump and not about alibis.
Define "strong" in measurable terms... for the rest of us. If you say Obama 'stabilized" the economy, I would agree, in much the same way chemotherapy works.
don't forget:
95 million citizens could not find jobs.
Labor force participation rate lowest point since 1977.
During the Obama years, 13 million more people were added to Medicaid.
11 million more people were forced onto food stamps since Obama took office.
The percentage of 18-34 year olds living with parents or family hit a 70-year high.
The Social Security Disability rolls increased by 5 million under Obama
Obama is the first president not to achieve a single year of 3% GDP growth
10 trillion in debt 8.5 trillion added to the deficit
President Trump is absolutely the greatest on the economy.
Recession looms...what say ye now?
The president’s trade war with China has absolutely contributed to the problems now facing the global economy. Yet the president accepts no responsibility — for his policies, his statements or his tweets, all of which have added to OUR ECONOMIC UNCERTAINTY.
According to Trump: Everything is great and it is all due to me, and what isn’t great is somebody else’s fault.
President Trump is absolutely the greatest on the economy.
Recession looms...what say ye now?
The president’s trade war with China has absolutely contributed to the problems now facing the global economy. Yet the president accepts no responsibility — for his policies, his statements or his tweets, all of which have added to OUR ECONOMIC UNCERTAINTY.
According to Trump: Everything is great and it is all due to me, and what isn’t great is somebody else’s fault.
I believe he takes full responsibility, which does include some good stuff too.
Another dem passively wanting Americans to suffer by hoping for recession. Why some many Bill Maher's in the world? Look at Germany, their economy is retracting and so is China's. Right now our projected growth is 2% still adding jobs and to be perfectly clear... we are a economic bright spot in the world. Is there another economy that is stronger?
Can we do better? of course. Does china want to do better? of course. Everyone want "better" however we want a level playing field. Why is that bad?
I believe he takes full responsibility, which does include some good stuff too.
Another dem passively wanting Americans to suffer by hoping for recession. Why some many Bill Maher's in the world? Look at Germany, their economy is retracting and so is China's. Right now our projected growth is 2% still adding jobs and to be perfectly clear... we are a economic bright spot in the world. Is there another economy that is stronger?
Can we do better? of course. Does china want to do better? of course. Everyone want "better" however we want a level playing field. Why is that bad?
Define "level playing field."
The U.S. economy hit $20.5 trillion in GDP in 2018. What does this number actually mean? Well, GDP stands for “gross domestic product”, or, the total value of goods and services produced by a country in any given year. This means the U.S. produced $20.5 trillion in goods and services over 2018. This is an impressive number in and of itself, seeing as total GDP for the entire world was about $80 trillion in 2017. Yet, what might be more impressive is breaking down GDP by each individual state, and then measuring each state against a foreign nation to see how each state fares in size. What the results show is nothing less than astounding.
The U.S. economy hit $20.5 trillion in GDP in 2018. What does this number actually mean? Well, GDP stands for “gross domestic product”, or, the total value of goods and services produced by a country in any given year. This means the U.S. produced $20.5 trillion in goods and services over 2018. This is an impressive number in and of itself, seeing as total GDP for the entire world was about $80 trillion in 2017. Yet, what might be more impressive is breaking down GDP by each individual state, and then measuring each state against a foreign nation to see how each state fares in size. What the results show is nothing less than astounding.
much of that GDP is purely fictitious or it reflects never ending degradation of American life as in monetization of all aspects of existence from cradle to grave.
DOW +270 and we are well above 25,000 currently aren't we?
full disclosure I currently own some October puts as I want to tank advantage of the next spike in volatility, volatility has been quite a whipsaw the last few weeks, good market for option traders.
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