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Here is what I have seen in my area. Charts and numbers can be manipulated to lean one way or another, so I tend to not get too hung up on those. Even after researching , things still seem a bit speculative.
During the Obama years, I didn't see a lot of the buildings trades hiring. I have several friends that own businesses and they struggled thru those years. I did see a trend of more part time hiring, Walmart, Target , Fast food jobs etc. The manufacturing sector (what I'm in) struggled at the beginning of his presidency but slowly climbed out of the hole it had become.
Now under Trump, I've seen the building trades booming. My friends businesses have done a 180 , now the problem is they can't hire enough people. My profession seems to have leveled off and the Walmart type of jobs seems to be doing the same. I see a lot of help wanted signs. That being said, we are seeing companies like Sears, and Kmart that are most likely going to close up.
So who really knows ? The building trades are the only ones that have visibly started booming , at least in my area. The rest seems to be the same. I do see more people spending though. The scope of my opinion is just in my small circle of life, though.
As far as the market and the GDP. Well regardless of whom started the climb, it has continued. Who cares who is responsible as long as we see our country prospering and those that were struggling are starting to get a break. Sure we have many hurdles to over come, health care being a large one but I don't care what side you lean on, we all should agree that things are on the right track. Nothing is ever going to be perfect for everyone, we all need to understand that, though.
Please read post #40, which explains my position on the whole matter. It has nothing to do with cheering or not cheering the news, it has everything to do with the ridiculous predictions and expecations of Trump and his fans. I am not cheering the news, I am cheering the Trump fans and their predictions looking stupid.
And this is ANY different than the outright lies Obama told during his first term? Shall we do a side by side comparison of what Obama got done in his first year vs what Trump got accomplished?
And this is ANY different than the outright lies Obama told during his first term? Shall we do a side by side comparison of what Obama got done in his first year vs what Trump got accomplished?
This was non responsive. Did you even read, let alone comprehend, what I said in post #40? It appears you did not.
Because of this new tax bill the President signed, German investors will invest billions more dollars into US businesses. Doesn't it stand to reason that with billions of new dollars coming into the USA, that this might translate into a positive economic impact, as in new jobs, better paying jobs, and maybe more full-time jobs?
German investment in the US is expected to rise by €39 billion because of lower US corporate taxes.
While Americans are anxiously awaiting full details of the tax bill now being finalized in Congress, German economists are warning that the changes sought by President Donald Trump mean that significant amounts of new investment and jobs will shift from Europe to the United States.
“The tax competition will have a new dimension,” said Christoph Spengel, chairman of the corporate tax department at the University of Mannheim. Mr. Spengel, who is also a research associate at the Center for European Economic Research, and a group of tax experts at the university have done a detailed comparison of the two countries’ tax systems and published a report under the heading, “Germany loses out in US tax reform.”
I believe the tax cut will be good for stocks at least in the short term because it will raise profitability. However, what is a company like Apple going to do with that additional capital. They already have more assets than they know what to do with. This true of many large companies. They are sitting a cash hordes in the billions. They have been able to borrow at very low rates. Its less than clear what some of these companies will find to do with increased capital. Buying back their own securities is good for the stock price, but doesn't directly improve the economy.
And this is ANY different than the outright lies Obama told during his first term? Shall we do a side by side comparison of what Obama got done in his first year vs what Trump got accomplished?
What you say you will do, but then can't do due to being blocked in doing so, are not "lies".
If we're going to go by "lies", trump by far lies the most. I think he's on record as being the biggest liar out of anyone, republican or democrat.
Actually, employment for Year 2017 peaked in September with 154,494,000 Americans employed, but has declined each month to 153,602,000 Million employed, showing a loss of 892,000 jobs.
Actually, employment for Year 2017 peaked in September with 154,494,000 Americans employed, but has declined each month to 153,602,000 Million employed, showing a loss of 892,000 jobs.
Yikes.
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