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Thread: Economics

  1. #211
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    Don't worry. I'm sure all economic reporting will be decidedly negative for the next eight years.
    Pastor Guest

    Free E- Book!

    "Steps Toward the Mark of the Beast"
    The Christian's Guide to the How and Why of
    the Coming Cashless/RFID Economic System


  2. #212
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    Inauguration Day: Mark this down!

    Gas $2.33
    Dow 19,819
    NASDAQ 5560.7
    Unemployment 4.7%

    It's all on you now, Donald.

  3. #213
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    Econ 101 --

    Almost every company at Trump's business meeting will need to raise prices if they can't access a global supply chain.

    Thus allowing Asian producers to undercut US pricing in markets outside USA.

    Overall demand then shrinks because US corporate growth is highly dependent on international sales.

    Even in new free trade zones, we wont be able to complete with China, Korea or Japan pricing.

    And US growth, employment and incomes will falter.

  4. #214
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    These states potentially will get hurt the most if NAFTA is renegotiated:
    http://cnb.cx/2jTM7Fw



  5. #215
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    Spicer says there's been a "dramatic expansion of the federal workforce in recent years." This is unequivocally false.
    (Note the blips at the beginning of each decade, which represent temp census workers.)


  6. #216
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    Trump will prick the 'big, fat, ugly bubble' sooner than later


    With economic optimism soaring since the election, rising risks
    to the economy and financial markets have fallen off Mr.
    Market’s radar. However, there are a number of reasons to believe
    Donald Trump and his advisers are well aware of these risks
    and have already made plans to address them sooner rather
    than later.

    To this point, Mark Spitznagel recently wrote, “The ‘big, fat, ugly bubble’ in
    the stock market that President-elect Donald J.
    Trump so astutely identified during his campaign now becomes
    one of the greatest potential liabilities of his presidency.”
    From a political standpoint, the sooner Trump and his
    administration deal with these risks the easier it will be to
    blame on the prior administration. Allowing them to fester for
    any period of time increases the likelihood they will take the
    blame for the bubble’s bursting.

    http://www.businessinsider.com/will-...-bubble-2017-1

  7. #217
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    I think it is hilarious that Tony-Baloney starts a thread and titles it "Economics," something he has shown he doesn't understand. It would be like me starting a thread on neurosurgery--see I can hardly spell it, let alone discuss it with any credibility. Just sayin'....

  8. #218
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    Today's econ news --

    Summary
    Manufacturing good
    Retail store sales and home sales not so good

    Existing Home Sales
    US Existing Home Sales Change Dec: 5.49M (est 5.52M; rev prev 5.65M)
    -Existing Home Sales (MoM) Dec: -2.80% (est -1.10%; rev prev 3.30%)

    PMI Manufacturing Index Flash
    US Markit Manufacturing PMI Jan P: 55.1 (est 54.5; prev 54.3)
    US New Orders Expand At Quickest Pace Since September 2014 - Markit https://www.markiteconomics.com/Surv...0abbc2f7215bee

    Store Sales
    ................................ Prior.. Actual
    Store Sales Y/Y change 0.3 % 0.3 %
    Same-store sales growth continued the glacial pace of the prior week and were up just 0.3 percent year-on-year in the January 21 week, a sharp deacceleration from the 2-percent plus growth seen in the final weeks of December. Versus December, month-to-date January sales were down 3.5 percent, more than twice the decline seen in January last year. Full month year-on-year sales were up just 0.5 percent, down from 1.5 percent in the last week of December and the slowest growth for this reading since early October. The sales growth slowdown in Redbook's sample continues to point to weakness in core retail sales for January.

    source --
    http://www.econoday.com/economic-calendar.aspx

  9. #219
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    Perhaps the most important question to Sean Spicer yesterday was "What is the unemployment rate?"

    http://www.nbcnews.com/politics/white-house/analysis-trump-s-alternative-facts-fight-carries-campaign-bluster-white-n711101

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