auldhippy
New Member
"There are some ideas so absurd that only an intellectual could believe them." Orwell
Posts: 27,830
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Post by auldhippy on Aug 2, 2017 11:37:17 GMT
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auldhippy
New Member
"There are some ideas so absurd that only an intellectual could believe them." Orwell
Posts: 27,830
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Post by auldhippy on Aug 2, 2017 11:44:01 GMT
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Post by jimboky on Aug 2, 2017 13:52:48 GMT
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Post by flatandy on Aug 2, 2017 14:01:44 GMT
Still continuing to run on the fumes of the Obama economy, the momentum of 8 years of sensible policy still driving the economy forward.
On the positive front for the US economy, Trump and the Republican Congress haven't actually passed any economic legislation yet...
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voice
New Member
Goals are a form of self inflicted slavery
Posts: 41,185
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Post by voice on Aug 2, 2017 15:24:41 GMT
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Post by flatandy on Aug 2, 2017 15:29:08 GMT
He's right, though. Have you noticed how hard it is for the sons of rich white people to succeed in the US? If you look at the Senate, the House, the Trump cabinet, or the CEOs of major companies, you'll begin to notice how few of them are white men from wealthy backgrounds. It's getting so bad that it's going to be below 80% soon.
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voice
New Member
Goals are a form of self inflicted slavery
Posts: 41,185
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Post by voice on Aug 3, 2017 16:40:09 GMT
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voice
New Member
Goals are a form of self inflicted slavery
Posts: 41,185
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Post by voice on Aug 3, 2017 21:10:20 GMT
Getting interesting, Muller just convened a Grand Jury to look into charges related to collusion changes for Trump and his Campaign.
This ain't going away any time soon.
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Post by clarity on Aug 3, 2017 21:21:23 GMT
The grand jury will convene in-camera so we won't know who or what is subpoenaed unless they tell us. In fact Reuters is reporting that subpoenas have already been issued. Agreed, it's a significant step though. The grand jury determines if there is evidence to proceed with an indictment.
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Post by Repat Van on Aug 4, 2017 3:10:32 GMT
It's amazing people like them never care about affirmative action as enjoyed by students with poor grades and rich parents. |
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Post by jimboky on Aug 4, 2017 12:16:40 GMT
West Virginia Gov. Jim Justice announced Thursday he’s switching parties to join Republicans as President Donald Trump visited the increasingly conservative state. Justice told about 9,000 Trump supporters at a rally in Huntington that he will be changing his registration Friday. He recently visited the White House twice with proposals on manufacturing and coal, neither he nor Trump are politicians and they both ran to get something done, he said. apnews.com/60ba4af9956a4bbabe4330ea76870ef9/West-Virginia-governor,-a-Democrat,-to-switch-to-Republican That makes I think 36 Republican Governors, will Manchin be next?   |
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Post by unclejunior on Aug 4, 2017 12:29:48 GMT
Still continuing to run on the fumes of the Obama economy, the momentum of 8 years of sensible policy still driving the economy forward. On the positive front for the US economy, Trump and the Republican Congress haven't actually passed any economic legislation yet... ...so if Greenspan,s prognostications come to fruition shall we still attribute the whole situation to Obama,s negligence or is it all on Trump,s economic policy at that point.....?? Just to be sure like... |
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Post by jimboky on Aug 4, 2017 13:27:26 GMT
US created 209,000 jobs in July, vs 183,000 jobs expected www.cnbc.com/2017/08/04/us-nonfarm-payrolls-july-2017.htmlA few hours later, the Labor Department's Bureau of Labor Statistics said the economy added 209,000 jobs in July; the number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record; the number of Americans counted as not in the labor force, meaning they don't have a job and are not looking for one, dropped for a third straight month to 94,657,000; and the nation's unemployment rate also dropped a tenth of a point, to 4.3 percent. www.cnsnews.com/news/article/susan-jones/record-153513000-employed-july-629-labor-force-participationOutside of DC T seems to be doing well, |
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Post by flatandy on Aug 4, 2017 13:48:54 GMT
West Virginia Gov. Jim Justice announced Thursday he’s switching parties to join Republicans as President Donald Trump visited the increasingly conservative state. Justice told about 9,000 Trump supporters at a rally in Huntington that he will be changing his registration Friday. He recently visited the White House twice with proposals on manufacturing and coal, neither he nor Trump are politicians and they both ran to get something done, he said. apnews.com/60ba4af9956a4bbabe4330ea76870ef9/West-Virginia-governor,-a-Democrat,-to-switch-to-Republican That makes I think 36 Republican Governors, will Manchin be next? In fairness, the coal billionaire governor of West Virginia was a Republican until late 2015. I don't imagine he was governing in a particularly liberal, left wing way. In fact, it's almost as if his affiliation with the Democrats was a pure badge of convenience to get on the ballot for the 2016 election. As for all the Republican state legislatures - a large part of that is due to a mix of voter suppression and gerrymandering. (And the inevitable voting against the party in power in the Whitehouse; if there are 36 Republican governors after the 2020 elections, then it will be very noteworthy). |
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Post by flatandy on Aug 4, 2017 14:01:00 GMT
Still continuing to run on the fumes of the Obama economy, the momentum of 8 years of sensible policy still driving the economy forward. On the positive front for the US economy, Trump and the Republican Congress haven't actually passed any economic legislation yet... ...so if Greenspan,s prognostications come to fruition shall we still attribute the whole situation to Obama,s negligence or is it all on Trump,s economic policy at that point.....?? Just to be sure like... If Greenspan is right then it'll be the result of an extended period of low interest rates, which was triggered by the Bush Depression, but allowed to continue through the Obama years. Trump's 6 months clearly haven't had an extended period of anything yet. That said, I imagine there will be a market correction soon that's unrelated to interest rates. The market excitement at a Republican Congress and Presidency, assuming some supply-side magic, is clearly based on wishful thinking. Particularly as Trump hasn't enacted any financial policies yet, and the Republicans can't actually say what they want to do with "tax reform" other than "tax reform", so that is a long way off. * Little side note 1: your senator McConnell is committed to passing tax reform with just Republican votes; that means it has to be done through budget reconciliation. You can only use one reconciliation per budget, it appears, and this year's has been dedicated to the failed healthcare farce. Which means that the Republicans have to pass a budget before they can start to work on tax reform, and they seem to be in a bit of a mess even passing a proper budget rather than a continuing resolution. So for all the talk, unless they can get Democrats on board for a filibuster-proof piece of legislation, it's going to take them a long time. * Little side note 2: I should add that "of course Greenspan is right" because predicting that at some point the market will crash but he doesn't know how long in the future that will be is like me predicting that at some point in the future there'll be a big earthquake in California but I don't know how long in the future that'll be. He's not really going out on a limb here |
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Post by flatandy on Aug 4, 2017 14:03:19 GMT
US created 209,000 jobs in July, vs 183,000 jobs expected www.cnbc.com/2017/08/04/us-nonfarm-payrolls-july-2017.htmlA few hours later, the Labor Department's Bureau of Labor Statistics said the economy added 209,000 jobs in July; the number of employed people jumped by 345,000 to 153,513,000 in July, setting a third straight monthly record; the number of Americans counted as not in the labor force, meaning they don't have a job and are not looking for one, dropped for a third straight month to 94,657,000; and the nation's unemployment rate also dropped a tenth of a point, to 4.3 percent. www.cnsnews.com/news/article/susan-jones/record-153513000-employed-july-629-labor-force-participationOutside of DC T seems to be doing well, Those 200,000 jobs per month are pretty much the exact same numbers we saw under Obama for nearly a decade that we were being told were doom and gloom for the American economy. Basically, the economy is continuing along nicely, thanks to sensible regulation from the Fed under Janet Yellen. It's good, but it's hardly remarkable. |
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Post by flatandy on Aug 4, 2017 14:09:12 GMT
One last thing - if the theoretical Trump policies on a $1tn infrastructure investment and massive tax cuts do get enacted, then the deficit will balloon. Which will inevitably lead to that rise in interest rates and collapse of the market. Everyone was expecting this kind of massive pump-prime cash injection into the already strong US economy from Trump, but that fortunately hasn't happened yet. If it does, we'll have a small period of lovely big beautiful economic growth followed by the inevitable increase in cost of US debt on the markets, a rise in bond prices and an increase in interest rates as money becomes tighter.
It's possible that Steve Mnuchin, who at least understands economics, has held Trump back. But I doubt it.
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voice
New Member
Goals are a form of self inflicted slavery
Posts: 41,185
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Post by voice on Aug 4, 2017 15:33:32 GMT
Typical of this crime families approach to gouging the tax payer for as much as they can get away with to enrich the Trump organisation they've been trying to squeeze the secret service beyond what even they consider acceptable, so they've quit Trump Tower saying bollox to that. www.bbc.com/news/world-us-canada-40829550And on the economic front, the dollar is loosing its strength, people this morning on the radio were saying its looking a lot like the Carter years, a president unable to govern seeing the stock market do OK, but the greenback collapsing. money.cnn.com/2017/07/18/investing/us-dollar-health-care/index.html |
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Post by flatandy on Aug 4, 2017 15:39:55 GMT
The dollar's not collapsing enough!
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voice
New Member
Goals are a form of self inflicted slavery
Posts: 41,185
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Post by voice on Aug 4, 2017 15:51:48 GMT
ok weakening was how they put it today, and expected to get weaker
Recent USD Moves
The US dollar enjoyed a strong rally following the election of Donald Trump. The Federal Reserve had already begun raising rates on the background of an improving economy. The fiscal stimulus that the new President promised supported the greenback. The upwards move was compounded by an upbeat outlook by Fed Chair Yellen.
However, the winds have changed in 2017. A “Donald Disappointment“, especially as seen in the health-care debacle, hurt the dollar. In addition, the Fed remains cautious after the “dovish hike“.
Trump’s scandals have reached a boiling point where an impeachment is possible. See how to trade an impeachment with the USD. The US economy is not looking good, with poor growth in Q1 2017.
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