Economy is Great: Do Not Believe Leftist Lies

[Terri4Trump]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

 

[Terri4Trump]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

2) In Second Quarter 2019, GDP Growth Was 2.1% = Ideal
The economy is measured by gross domestic product. That's the dollar value of everything produced in the last year. The most important indicator is GDP growth, which compares this quarter with the last. If the economy is healthy, then GDP growth will be between 2-3%. If it's above 3%, then it could be overheating. When it's below 2%, then it's in danger of contraction. If it's below zero, then it's in a recession.

 

[Mac1958]

1. GDP is down to 2.1%.
2. Treasury yields have crashed, down over 40%.
3. The Fed just pissed off markets by DROPPING interest rates ONLY 25bps to mitigate weakness, when 50bps was hoped for.
4. There is not enough economic activity, even with low unemployment, to drive inflation.
5. It's appearing that the Keynesian spending by Trump (which Keynes said should NOT be done in periods of growth) gave us only a temporary sugar high.

Those are just facts. I'm sure this will annoy Trumpsters, especially since they're probably not told this stuff in their alternate universe.

The economy is not "great". It's pretty good, but the consensus is that more weakness is probably not far away. A good trade deal with China could provide a badly-needed injection, so here's hoping.

Okay, sorry, let's get back to the alternate universe now.
.

 

[rightwinger]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

164,000 jobs is nothing to brag about

Trump called Obama’s economy a disaster when Obama had fewer than 200,000 jobs in a month

 

[Terri4Trump]

GDP is down to 2.1%..

No shit Sherlock. Look at post number two. The rate is rated as "Ideal" by economists for the current circumstances.
You're so fucking stupid its unbelievable.

 

[rightwinger]

Only a fool would start a Trade War in a strong economy

 

[Jitss617]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

164,000 jobs is nothing to brag about

Trump called Obama’s economy a disaster when Obama had fewer than 200,000 jobs in a month

It was the slowest recovery ever.. democrats caused unemployment to get to 10%

 

[Terri4Trump]

164,000 jobs is nothing to brag about

It is when you're already at almost perfect employment numbers you stupid shit-for-brains.

 

[Mac1958]

GDP is down to 2.1%..

No shit Sherlock. Look at post number two. The rate is rated as "Ideal" by economists for the current circumstances.
You're so fucking stupid its unbelievable.

Holy crap, so now 2.1% is "Ideal", after we were promised twice that.

So tell me, expert:

• Why are Treasury yields near record lows?
• Why did market want a 50bps rate drop?
• Why was Trump begging the Fed for a rate drop?
• Why isn't economic activity driving inflation?

Go ahead, expert. Lay it all out for us. Get as specific as you would like. Blow us away.
..

 

[Terri4Trump]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

2) In Second Quarter 2019, GDP Growth Was 2.1% = Ideal
The economy is measured by gross domestic product. That's the dollar value of everything produced in the last year. The most important indicator is GDP growth, which compares this quarter with the last. If the economy is healthy, then GDP growth will be between 2-3%. If it's above 3%, then it could be overheating. When it's below 2%, then it's in danger of contraction. If it's below zero, then it's in a recession.

3) Durable Goods Orders Rose 2% in July 2019 = Good
Durable goods are machinery, equipment and raw materials that businesses use in their operations. Think of steam shovels, tanks, and airplanes. In fact, commercial planes are the largest component of durable goods.
To be considered a durable good, the equipment must last at least three years. They are expensive, so businesses put off buying them until they really need them. As a result, they are a great indicator of economic health. Businesses only buy them when they feel confident about the future.

 

[Terri4Trump]

Go ahead, expert. Lay it all out for us.

The article does that. inappropriate behavior removed

 

[rightwinger]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

164,000 jobs is nothing to brag about

Trump called Obama’s economy a disaster when Obama had fewer than 200,000 jobs in a month

It was the slowest recovery ever.. democrats caused unemployment to get to 10%

No it wasn’t.

The Great Republican Depression of the 1930s was slower

 

[Mac1958]

Go ahead, expert. Lay it all out for us.

The article does that. Read it you ignorant fuck, and quit crying like a little bitch.

No it doesn't, expert.

For example, this right wing "US Economy Expert for The Balance" (hee hee) lady says interest rates are stable. Treasury yields have crashed. They're near record lows. She's lying to people like you, and you're bending over for it.


Pointing to the words of others, being unable to provide independent thought or analysis, makes you look ignorant. And gullible.

Dismissed.
.

 

[Toro]

The economy is doing fine.

However, the soft data is suggesting that the economy is starting to weaken. Whether or not it actually weakens remains to be seen.

The Daily Shot: China’s Producer Prices Back in Deflation, Pressuring Industrial Profits

 

[Toro]

Nonfarm payrolls under Trump has averaged 193,000. So July's print was lower than average.

FYI, the average monthly increase in NFPs in Obama's last term was 216,000.

All Employees: Total Nonfarm Payrolls

 

[Jitss617]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

164,000 jobs is nothing to brag about

Trump called Obama’s economy a disaster when Obama had fewer than 200,000 jobs in a month

It was the slowest recovery ever.. democrats caused unemployment to get to 10%

No it wasn’t.

The Great Republican Depression of the 1930s was slower

Are you making up facts again lol.. how about you create some jobs for blacks and not fake news

 

[JGalt]

ME: We all know why the Left is screaming "Nazi" and "Racist" every day, its because they cannot touch Trump on the economy. Greatest jobs numbers in 50 years for God's sake!! Here is a great article on Economic points to look at:

How Is the US Economy Doing?
Six Facts That Tell You How the Economy Is Really Doing
BY KIMBERLY AMADEO Updated August 02, 2019
6 Facts That Tell You How the Economy Is Really Doing

There are six facts that tell you how the economy is doing. Economists call them leading economic indicators because they measure the early influencers on growth. In July 2019, they report that the economy is doing well. It has steady growth, low unemployment, and little inflation. That's called the Goldilocks economy because it's neither too hot nor too cold

1) 164,000 Jobs Added In July 2019 = Strong
In the Non-farm Payroll Report, the Bureau of Labor Statistics surveys how many workers businesses added to their payroll each month. It doesn't count farm workers because farming is seasonal. A healthy economy will create 150,000 jobs on average. Companies will only add workers when they have enough demand to keep them busy.
Manufacturing jobs are an especially important indicator. According to the National Association of Manufacturers, the 12.75 million Americans who work in manufacturing earn an average $84,832 a year, including benefits. When manufacturers start laying them off, it means the economy will be heading into a recession. For example, manufacturers hired fewer workers starting in October 2006 when compared to the prior year.
The unemployment rate is also reported. It's a lagging indicator and so isn't as useful a statistic. Companies usually wait until a recession is well underway before laying off workers. It also takes a while to reduce the unemployment rate, even after hundreds of thousands of new jobs are being created.

Number 2 is coming up in my next post. Read them all: CLICK HERE

You have to take anything a Democrat says with a grain of salt. They still believe that we're in the 11th year of the Obama economy.

 

[Toro]

The trade deficit keeps getting worse under Trump.

The Daily Shot: China Retaliates

This is actually a sign of relative economic strength. Because America has a savings deficit, we need to finance it through the current account, i.e. trade. The only way you can finance a savings deficit is by running a trade deficit. That's macroeconomics 101.

And because our economy is doing relatively better than most other countries, the trade deficit is expanding.

 

[BluesLegend]

Only a fool would start a Trade War in a strong economy

Shut up stupid, American workers are fed up with China ripping us off. You bunch of dumb asses on the left really don't get why you lost in 2016.

 

[Harpy Eagle]

2) In Second Quarter 2019, GDP Growth Was 2.1% = Ideal

When Obama was president 2.1% was terrible, it was the end of the world as we know it...and now it is "ideal"