someguy
Active member
LFG!!!!!Some guy says Dow doesn’t equal economy.
50k to the moon!!!!
BTW: This is one of the positives of a Trump occupation... big business loves him.
Dow?
- Thread starter irvinehomeowner
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NEW -> Contingent Buyer Assistance Program
Everyone/thing is expensive. This is the corporate backed inflation I speak of, it's not that easy to choose otherwise. morekaos doesn't even want to go somewhere else for cheaper beer.
I find it funny that after the election, many think the economy is going to turn around... but even with your breakdown of job numbers, if you really look at it, there is not much difference between the Trump economy (self proclaimed best in the world) and the Biden economy.
www.politifact.com
They win and lose in different categories but I'm not sure how with a record high stock market, low jobless rates, higher wages for lower and middle class and people still being able to afford and overpay... you can think the current economy is so much worse than 4 years ago.
There are many articles that said whoever is the next president is going to inherit an upward trajectory economy and all they have to do is not mess it up.
I realize media skews liberal but articles like this one illustrates the economy isn't as bad as people think:
I wish more people could be more objective, politics just colors the reality:
<<
Politics: A lot of how you feel about the economy depends on your politics. And the number of registered Republicans in America is growing.
A recent study from the Brookings Institution, released last week, found a correlation between economic sentiment and political affiliation with the party in control of the White House. When Trump took office, Republican economic sentiment surged, while Democratic sentiment cratered. The opposite happened when Biden took office.
But Republicans are three times more likely to think the economy is good when a Republican is in office than Democrats when a Democrat holds the White House — and the reverse is true, too.
>>
I feel the Dow is a great indicator of the economy, during the bad times it dips (or crashes) and during the good times it rises. Why else would it jump after the election results?
<<
Jobs: The biggest indicator of economic security is whether or not you have a job, and a historically high percentage of people do. Even though the unemployment rate has been ticking higher over the past year, at 4.1%, it remains at a very healthy level, rising incrementally from the lowest unemployment rate since the first moon landing.
The US economy’s job-creation machine has slowed this year — particularly in recent months. Last month, the economy added just 12,000 jobs. Still, the economy is continuing to add a monthly average of 170,000 jobs this year, which is almost exactly the number the economy added during the first three years of the Trump administration, before Covid hit (175,000 jobs per month).
Companies are still clamoring so much for workers that the number of job listings is greater than the number of American job seekers, according the US Bureau of Labor Statistics.
GDP: The broadest measure of the US economy is booming. Gross domestic product grew at a seasonally adjusted annualized rate of 2.8% last quarter, the Bureau of Economic Analysis reported Wednesday. That’s a healthy pace by any measure, and it’s on par with the economic expansion during the Trump administration, when people were feeling much better about the state of the economy.
It has also made America’s economy the envy of the world: Projected US economic growth for this year remains the strongest of any of the G7 economies, according to the International Monetary Fund.
Paychecks: Workers’ paychecks aren’t booming like they were a couple years ago when inflation was truly off the rails. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. That’s still a faster clip than inflation, which means the amount of money Americans have to spend is growing.
Inflation-adjusted disposable income per capita rose for the 27th straight month, according to the BEA, the longest streak on record.
Consumerism: Despite polls to the contrary, consumers are acting like the economy is great. Consumer spending, which accounts for more than two-thirds of America’s economy, is surging, rising 3.7% last quarter, the highest rate of growth since the first quarter of 2023, according to the BEA.
And consumer confidence is on the rise, too — it surged in October by the largest amount in any survey since March 2021. Still, it remains well below where it was before the pandemic, during Trump’s first term.
>>
Again, CNN may be biased but if you look at the data it's not as bleak as social media will have you believe. Why are housing prices so crazy still? LiarLoan can't even login to talk about pain because he's been waiting over 10 years for a significant drop that hasn't happened yet.
And again, I look for the positive so I hope this next 4 years, the perception of the new admin will align public perception with the reality of what is happening... MEGA... Make Economy Great Again... although it was already was.
Caveat: Since everything is cyclical... aren't we due for a stock market and housing bust some time?
irvinehomeowner
Well-known member
I forgot to respond to this.
Everyone/thing is expensive. This is the corporate backed inflation I speak of, it's not that easy to choose otherwise. morekaos doesn't even want to go somewhere else for cheaper beer.
I find it funny that after the election, many think the economy is going to turn around... but even with your breakdown of job numbers, if you really look at it, there is not much difference between the Trump economy (self proclaimed best in the world) and the Biden economy.
8 charts that explain the Biden, Trump economies
Get ready: In the 2024 presidential race, the candidates will talk about the economy. A lot. We know because it’s alread
www.politifact.com
They win and lose in different categories but I'm not sure how with a record high stock market, low jobless rates, higher wages for lower and middle class and people still being able to afford and overpay... you can think the current economy is so much worse than 4 years ago.
There are many articles that said whoever is the next president is going to inherit an upward trajectory economy and all they have to do is not mess it up.
I realize media skews liberal but articles like this one illustrates the economy isn't as bad as people think:
I wish more people could be more objective, politics just colors the reality:
<<
Politics: A lot of how you feel about the economy depends on your politics. And the number of registered Republicans in America is growing.
A recent study from the Brookings Institution, released last week, found a correlation between economic sentiment and political affiliation with the party in control of the White House. When Trump took office, Republican economic sentiment surged, while Democratic sentiment cratered. The opposite happened when Biden took office.
But Republicans are three times more likely to think the economy is good when a Republican is in office than Democrats when a Democrat holds the White House — and the reverse is true, too.
>>
I feel the Dow is a great indicator of the economy, during the bad times it dips (or crashes) and during the good times it rises. Why else would it jump after the election results?
<<
No, really, the US economy is great
Still, Trump will be inheriting a strong economy — on paper, anyway.Jobs: The biggest indicator of economic security is whether or not you have a job, and a historically high percentage of people do. Even though the unemployment rate has been ticking higher over the past year, at 4.1%, it remains at a very healthy level, rising incrementally from the lowest unemployment rate since the first moon landing.
The US economy’s job-creation machine has slowed this year — particularly in recent months. Last month, the economy added just 12,000 jobs. Still, the economy is continuing to add a monthly average of 170,000 jobs this year, which is almost exactly the number the economy added during the first three years of the Trump administration, before Covid hit (175,000 jobs per month).
Companies are still clamoring so much for workers that the number of job listings is greater than the number of American job seekers, according the US Bureau of Labor Statistics.
GDP: The broadest measure of the US economy is booming. Gross domestic product grew at a seasonally adjusted annualized rate of 2.8% last quarter, the Bureau of Economic Analysis reported Wednesday. That’s a healthy pace by any measure, and it’s on par with the economic expansion during the Trump administration, when people were feeling much better about the state of the economy.
It has also made America’s economy the envy of the world: Projected US economic growth for this year remains the strongest of any of the G7 economies, according to the International Monetary Fund.
Paychecks: Workers’ paychecks aren’t booming like they were a couple years ago when inflation was truly off the rails. But they’re still growing at a 3.9% adjusted rate, according to the Department of Labor. That’s still a faster clip than inflation, which means the amount of money Americans have to spend is growing.
Inflation-adjusted disposable income per capita rose for the 27th straight month, according to the BEA, the longest streak on record.
Consumerism: Despite polls to the contrary, consumers are acting like the economy is great. Consumer spending, which accounts for more than two-thirds of America’s economy, is surging, rising 3.7% last quarter, the highest rate of growth since the first quarter of 2023, according to the BEA.
And consumer confidence is on the rise, too — it surged in October by the largest amount in any survey since March 2021. Still, it remains well below where it was before the pandemic, during Trump’s first term.
>>
Again, CNN may be biased but if you look at the data it's not as bleak as social media will have you believe. Why are housing prices so crazy still? LiarLoan can't even login to talk about pain because he's been waiting over 10 years for a significant drop that hasn't happened yet.
And again, I look for the positive so I hope this next 4 years, the perception of the new admin will align public perception with the reality of what is happening... MEGA... Make Economy Great Again... although it was already was.
Caveat: Since everything is cyclical... aren't we due for a stock market and housing bust some time?
morekaos
Well-known member
Problem is all those numbers are driven by borrowed government spending…GDP is mostly driven by government cash and not private sector spending…jobs growth were mostly in the government sectors…it’s a debt driven illusion . Without private sector growth those numbers mask real weakness. That’s why people “feel” the pain. Not everyone works for the government but under Kackala…
irvinehomeowner
Well-known member
Again... skewed perception.
Dow doesn't lie.
Dow doesn't lie.
morekaos
Well-known member
in the short term, that’s 100% wrong….
irvinehomeowner
Well-known member
... and because you agree the economy isn't so bad right now. 