- Aug 4, 2009
- 282,373
- 147,137
- 2,615
And it did well under Obama didn’t it?Those are just facts. I'm sure this will annoy Trumpsters, especially since they're probably not told this stuff in their alternate universe.
- GDP is down to 2.1%.
- Treasury yields have crashed, down over 40%.
- The Fed just pissed off markets by DROPPING interest rates ONLY 25bps to mitigate weakness, when 50bps was hoped for.
- There is not enough economic activity, even with low unemployment, to drive inflation.
- 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.
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.
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Just can't bring yourself to admit that the economy was been doing well under Trump...can ya', Mac! Pretty good but not great? More weakness is probably not far away? Maybe that's the case if we make the mistake of electing someone from the clown car full of candidates from the Democratic side who's policy proposals border on the insane!