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Well, I guess it's a wrap folks.....funny...I've been saying this for a long time and so have others.
BUT, if we brought back all that manufacturing and if Trump created vast amounts more...and if more and more people are making more money....well, why aren't they buying anything????
"WASHINGTON (Reuters) - U.S. manufacturing activity slowed to a 2-1/2-year low in April amid a sharp drop in new orders while construction spending unexpectedly fell in March, suggesting economic growth was moderating after surging in the first quarter"
2 1/2 year low. No stock market decent movement since the "tax reform" was signed. Larger deficit. Fed stopped normalizing.
Sorry, Folks, it's a wrap. This is not a good economy. I've seen MANY good economies in my time...and this surely is not one of them!!
Yep, it's Don the Con's fault!
"businesses increasingly anxious that President Donald Trump's threats to close the U.S.-Mexico boarder would further disrupt the supply chain. Washington's trade war with China has created bottlenecks at factories."
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,373,658 times
Reputation: 40731
Quote:
Originally Posted by James Bond 007
There is one - and only one - reason why anybody would want the following two items:
A) The Fed to lower interest rates, and;
B) The Fed to initiate a new round of quantitative easing.
That reason is because that person recognizes that the economy is weakening.
If the economy was really strong, it could withstand higher interest rates. If one believes the economy cannot withstand higher interest rates, then, defacto, that person believes the economy is relatively weak.
If the economy was really strong, it would not need any new quantitative reasoning. The only time a central bank such as the Fed initiates rounds of quantitative easing, is because it is widely recognized the economy is weak. Thus, anybody claiming the Fed should initiate a new round of QE, must believe the economy is really pretty weak.
And it just so happens, that is exactly what Trump has called for today:
The one alternative to the above explanation is that, Trump really has no idea what he's talking about. None. So, either the Trump fans will have to acknowledge that the economy is weakening, or they have to admit Trump hasn't a clue what he is talking about.
Which is it?
Nah, the Kool-Aid drinkers will likely tell you the economy's growing stronger by the nanosecond and Trump is a financial genius!
Well, I guess it's a wrap folks.....funny...I've been saying this for a long time and so have others.
BUT, if we brought back all that manufacturing and if Trump created vast amounts more...and if more and more people are making more money....well, why aren't they buying anything????
"WASHINGTON (Reuters) - U.S. manufacturing activity slowed to a 2-1/2-year low in April amid a sharp drop in new orders while construction spending unexpectedly fell in March, suggesting economic growth was moderating after surging in the first quarter"
2 1/2 year low. No stock market decent movement since the "tax reform" was signed. Larger deficit. Fed stopped normalizing.
Sorry, Folks, it's a wrap. This is not a good economy. I've seen MANY good economies in my time...and this surely is not one of them!!
Yep, it's Don the Con's fault!
"businesses increasingly anxious that President Donald Trump's threats to close the U.S.-Mexico boarder would further disrupt the supply chain. Washington's trade war with China has created bottlenecks at factories."
From the article:
“That suggests manufacturing payrolls remained weak in April after they dropped in March for the first time since July 2017. Weak manufacturing employment in April also suggested a step-down in overall job growth last month. The government is scheduled to publish April's employment report on Friday.”
But Foxconn and some of those other projects Trump touted will make everything right.
Right?
“In the 18 months since Foxconn signed its contract with the state, it’s reduced the size and scope of the manufacturing center it committed to building and missed its maximum first-year hiring target by 82 percent.”
This is really the first time Trump has ever been right...and it's about something he won't even say (just his actions indicate)....things suck!
"While nobody has really been expecting a huge boom in U.S. auto sales, the market has actually fallen below projected market forecasts. Overall, sales are down 2.3 percent"
Hmmmm.....why would Auto Sales be DOWN if everyone is swimming in money? This is a major indicator.....and it's been going on for many months too, just getting worse now in the "optimism of Spring".
Remember, Trump fans, everything is the opposite these days. So take those "Trump Truths" and the reverse is most often the case - provably, of course!
This is really the first time Trump has ever been right...and it's about something he won't even say (just his actions indicate)....things suck!
"While nobody has really been expecting a huge boom in U.S. auto sales, the market has actually fallen below projected market forecasts. Overall, sales are down 2.3 percent"
Hmmmm.....why would Auto Sales be DOWN if everyone is swimming in money? This is a major indicator.....and it's been going on for many months too, just getting worse now in the "optimism of Spring".
Remember, Trump fans, everything is the opposite these days. So take those "Trump Truths" and the reverse is most often the case - provably, of course!
Even if you look at it that way, Trump is not right. Trump claims to be a Capitalist. A promoter of the free market. If sales are down in either system, then sales are down. You live with it. You don't take from others to boost the prospects of other people.
The US economy is strong, but since we are global. and the global economy currently is wobbling in 2019, giving rise to recession fears and forcing the world's central banks to consider renewed policy easing. China's economy has slid downward more than expected, the German economy has been up and down, in the UK, Brexit has been holding them downward more than expected. and the US dollar is holding strong against the other major currencies.
why are the liberals so doom and gloom???
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