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Many Americans were not satisfied with the annual average GDP of 2.1% during the Obama years, nor with the annual average rate of inflation of 1.4%.
Many were also not happy with the narrowing debt to GDP ration that was being experienced during the last several Obama years.
So, enter the angry, white, male Trump, Hell bent on increasing GDP at all costs.
Annualized GDP for 2017 was 2.3% & so far for 2018 GDP average is 3.3%.
OK; so far Trump's economy has increased GDP on average by 0.7% over the Obama economy. This is not a terrible feat but by no means are the Trump economy GDP numbers anything to 'write home' about.
Let's throw in other factors when looking at the larger Trump economic & GDP picture.
Inflation, and Debt are two huge factors that will weigh heavily on the Trump GDP big picture.
Combined inflation rate so far for 2017 & 2018 is 4.0% and that does NOT include very expensive factors such as FOOD & ENERGY costs.
US federal debt set a new six year high record in 2018 as a result of the Trump tax cuts that offer tax relief for the wealthiest 0.01% of individuals & for corporations.
So, even while the wealthiest individuals & corporations enjoy record tax breaks the US deficit is increasing at record pace.
Add up the numbers
So, with an increase of GDP by about ~1% we also gain massive debt, all while we should be paying down debt.
What else is going on?
Real wages are NOT increasing at any substantial level, particularly when accounting for inflation; real wages are actually DECREASING.
Consumer spending aka the largest driving force of increasing GDP is ALSO increasing private debt aka consumer debt is driving the increase in GDP.
THIS IS INSANITY!!!!!!!
Housing starts & sales are both decreasing.
Oil is about to go into free fall.
The corporations that received all of those tax breaks are NOT spreading the economic love to employees.
The equity markets are IMO set for an even further decline of 10% to 25%, or even worse.
America is about to experience some REAL PAIN economically; it's just around the corner.
Thanks Trump for the coming DEPRESSION.
Was it all worth a temporary GDP gain of ~0.7%?
When is that Russian/Saudi citizen Trump's DEPRESSION gonna kick in??????????
I know the libs are rooting for America's decline, but no one ever got rich selling America short.
Many Americans were not satisfied with the annual average GDP of 2.1% during the Obama years, nor with the annual average rate of inflation of 1.4%.
Many were also not happy with the narrowing debt to GDP ration that was being experienced during the last several Obama years.
So, enter the angry, white, male Trump, Hell bent on increasing GDP at all costs.
Annualized GDP for 2017 was 2.3% & so far for 2018 GDP average is 3.3%.
OK; so far Trump's economy has increased GDP on average by 0.7% over the Obama economy. This is not a terrible feat but by no means are the Trump economy GDP numbers anything to 'write home' about.
Let's throw in other factors when looking at the larger Trump economic & GDP picture.
Inflation, and Debt are two huge factors that will weigh heavily on the Trump GDP big picture.
Combined inflation rate so far for 2017 & 2018 is 4.0% and that does NOT include very expensive factors such as FOOD & ENERGY costs.
US federal debt set a new six year high record in 2018 as a result of the Trump tax cuts that offer tax relief for the wealthiest 0.01% of individuals & for corporations.
So, even while the wealthiest individuals & corporations enjoy record tax breaks the US deficit is increasing at record pace.
Add up the numbers
So, with an increase of GDP by about ~1% we also gain massive debt, all while we should be paying down debt.
What else is going on?
Real wages are NOT increasing at any substantial level, particularly when accounting for inflation; real wages are actually DECREASING.
Consumer spending aka the largest driving force of increasing GDP is ALSO increasing private debt aka consumer debt is driving the increase in GDP.
THIS IS INSANITY!!!!!!!
Housing starts & sales are both decreasing.
Oil is about to go into free fall.
The corporations that received all of those tax breaks are NOT spreading the economic love to employees.
The equity markets are IMO set for an even further decline of 10% to 25%, or even worse.
America is about to experience some REAL PAIN economically; it's just around the corner.
Thanks Trump for the coming DEPRESSION.
Was it all worth a temporary GDP gain of ~0.7%?
Is Pelosi is about to wreck the economy like she did that last time that she was the Speaker?
And that thought has you harder than nails, doesn’t it? Getting excited about news that will harm your fellow Americans is as cynical as it is shitty.
What harm? I am trying to lessen harm.
LOTS of people have long said America (and the West) are living on borrowed time...cheap debt. Go to ZeroHedge (for example) and you will read dozens of comments from them...many from VERY wealthy people.
And the chart below - IMO - proves it.
Velocity of M2 Money Stock
The above chart means that the higher it is - the more money is changing hands. That is good in that it means the economy is generally healthy and money is being 'recycled' over and over again. And the lows means that money is changing hands less...that is why most of the big dips are during recessions. Money is not moving because people are not spending.
Yet, look at the chart since the start of the Great Recession? It plummeted, went up a bit after the GR ended and has been falling almost ever since. And this despite the stock market booming and the economy slowly growing.
How?
Because cheap money, thanks to the Fed's ZIRP (zero interest rate policy)/QE's has encouraged people, corporations and governments to take out MASSIVE amounts of debt. So instead of existing money changing hands - new money (in the form of debt) is being created and spent. So the 'velocity' drops.
And it is now lower than it has been since the 1950's!!! And this is happening almost all over the world - heck, Japan has been doing it for decades (and their debt situation is THE worst on Earth...by miles on a debt-to-GDP measure).
BTW, the reason it has gone up slightly lately is the Fed is FINALLY starting to raise rates again.
All this debt has to be paid off eventually. And if inflation ever rears its head - lookout.
IMO, a MASSIVE crash is inevitable. Sure, the Fed will delay it as long as possible. But they cannot stop it forever, I believe.
So, please ask yourself? If you believed the economy was going to crash VERY HARD because of too much debt - would it be better if it crashed sooner (with less debt) or later (with even more debt - and thus a harder crash)?
Obviously, the former.
This crash is inevitable - even Trump talked about it during the election (and he nailed it):
Of course, he stopped talking about it the day he took office.
I want this crash to happen sooner - rather than later - so as to save Americans harm. Not to cause them harm.
Look at that piece of feces Trump talking about a "bubble."
Trump has contributed greatly to the EXPANSION of that bubble.
Trump is so fake, he makes 'fake news' look like Jesus.
And that thought has you harder than nails, doesn’t it? Getting excited about news that will harm your fellow Americans is as cynical as it is shitty.
What harm? I am trying to lessen harm.
LOTS of people have long said America (and the West) are living on borrowed time...cheap debt. Go to ZeroHedge (for example) and you will read dozens of comments from them...many from VERY wealthy people.
And the chart below - IMO - proves it.
Velocity of M2 Money Stock
The above chart means that the higher it is - the more money is changing hands. That is good in that it means the economy is generally healthy and money is being 'recycled' over and over again. And the lows means that money is changing hands less...that is why most of the big dips are during recessions. Money is not moving because people are not spending.
Yet, look at the chart since the start of the Great Recession? It plummeted, went up a bit after the GR ended and has been falling almost ever since. And this despite the stock market booming and the economy slowly growing.
How?
Because cheap money, thanks to the Fed's ZIRP (zero interest rate policy)/QE's has encouraged people, corporations and governments to take out MASSIVE amounts of debt. So instead of existing money changing hands - new money (in the form of debt) is being created and spent. So the 'velocity' drops.
And it is now lower than it has been since the 1950's!!! And this is happening almost all over the world - heck, Japan has been doing it for decades (and their debt situation is THE worst on Earth...by miles on a debt-to-GDP measure).
BTW, the reason it has gone up slightly lately is the Fed is FINALLY starting to raise rates again.
All this debt has to be paid off eventually. And if inflation ever rears its head - lookout.
IMO, a MASSIVE crash is inevitable. Sure, the Fed will delay it as long as possible. But they cannot stop it forever, I believe.
So, please ask yourself? If you believed the economy was going to crash VERY HARD because of too much debt - would it be better if it crashed sooner (with less debt) or later (with even more debt - and thus a harder crash)?
Obviously, the former.
This crash is inevitable - even Trump talked about it during the election (and he nailed it):
Of course, he stopped talking about it the day he took office.
I want this crash to happen sooner - rather than later - so as to save Americans harm. Not to cause them harm.
Look at that piece of feces Trump talking about a "bubble."
Trump has contributed greatly to the EXPANSION of that bubble.
Trump is so fake, he makes 'fake news' look like Jesus.
You wet the bed every night thinking of Trump, and he lives in between your ears rent free.
PS: You are scum. You are lower than whaleshit.
And that thought has you harder than nails, doesn’t it? Getting excited about news that will harm your fellow Americans is as cynical as it is shitty.
What harm? I am trying to lessen harm.
LOTS of people have long said America (and the West) are living on borrowed time...cheap debt. Go to ZeroHedge (for example) and you will read dozens of comments from them...many from VERY wealthy people.
And the chart below - IMO - proves it.
Velocity of M2 Money Stock
The above chart means that the higher it is - the more money is changing hands. That is good in that it means the economy is generally healthy and money is being 'recycled' over and over again. And the lows means that money is changing hands less...that is why most of the big dips are during recessions. Money is not moving because people are not spending.
Yet, look at the chart since the start of the Great Recession? It plummeted, went up a bit after the GR ended and has been falling almost ever since. And this despite the stock market booming and the economy slowly growing.
How?
Because cheap money, thanks to the Fed's ZIRP (zero interest rate policy)/QE's has encouraged people, corporations and governments to take out MASSIVE amounts of debt. So instead of existing money changing hands - new money (in the form of debt) is being created and spent. So the 'velocity' drops.
And it is now lower than it has been since the 1950's!!! And this is happening almost all over the world - heck, Japan has been doing it for decades (and their debt situation is THE worst on Earth...by miles on a debt-to-GDP measure).
BTW, the reason it has gone up slightly lately is the Fed is FINALLY starting to raise rates again.
All this debt has to be paid off eventually. And if inflation ever rears its head - lookout.
IMO, a MASSIVE crash is inevitable. Sure, the Fed will delay it as long as possible. But they cannot stop it forever, I believe.
So, please ask yourself? If you believed the economy was going to crash VERY HARD because of too much debt - would it be better if it crashed sooner (with less debt) or later (with even more debt - and thus a harder crash)?
Obviously, the former.
This crash is inevitable - even Trump talked about it during the election (and he nailed it):
Of course, he stopped talking about it the day he took office.
I want this crash to happen sooner - rather than later - so as to save Americans harm. Not to cause them harm.
Look at that piece of feces Trump talking about a "bubble."
Trump has contributed greatly to the EXPANSION of that bubble.
Trump is so fake, he makes 'fake news' look like Jesus.
You wet the bed every night thinking of Trump, and he lives in between your ears rent free.
PS: You are scum. You are lower than whaleshit.
Dear Marion,
The topic is Trump's coming CRASH
I understand it's difficult for the mentally retard, such as yourself, to stick to the thread topic.
Maybe next time, try not pooping in your diaper.
Cheers
After the way Trump tried to smear their leader, I imagine they are even less fans of Trump.Republicans tried to take credit for taking down Bin Laden.
I'm just guessing, but I'm thinking the members of Seal Team Six aren't big Hillary fans.
Only she didn't.Many Americans were not satisfied with the annual average GDP of 2.1% during the Obama years, nor with the annual average rate of inflation of 1.4%.
Many were also not happy with the narrowing debt to GDP ration that was being experienced during the last several Obama years.
So, enter the angry, white, male Trump, Hell bent on increasing GDP at all costs.
Annualized GDP for 2017 was 2.3% & so far for 2018 GDP average is 3.3%.
OK; so far Trump's economy has increased GDP on average by 0.7% over the Obama economy. This is not a terrible feat but by no means are the Trump economy GDP numbers anything to 'write home' about.
Let's throw in other factors when looking at the larger Trump economic & GDP picture.
Inflation, and Debt are two huge factors that will weigh heavily on the Trump GDP big picture.
Combined inflation rate so far for 2017 & 2018 is 4.0% and that does NOT include very expensive factors such as FOOD & ENERGY costs.
US federal debt set a new six year high record in 2018 as a result of the Trump tax cuts that offer tax relief for the wealthiest 0.01% of individuals & for corporations.
So, even while the wealthiest individuals & corporations enjoy record tax breaks the US deficit is increasing at record pace.
Add up the numbers
So, with an increase of GDP by about ~1% we also gain massive debt, all while we should be paying down debt.
What else is going on?
Real wages are NOT increasing at any substantial level, particularly when accounting for inflation; real wages are actually DECREASING.
Consumer spending aka the largest driving force of increasing GDP is ALSO increasing private debt aka consumer debt is driving the increase in GDP.
THIS IS INSANITY!!!!!!!
Housing starts & sales are both decreasing.
Oil is about to go into free fall.
The corporations that received all of those tax breaks are NOT spreading the economic love to employees.
The equity markets are IMO set for an even further decline of 10% to 25%, or even worse.
America is about to experience some REAL PAIN economically; it's just around the corner.
Thanks Trump for the coming DEPRESSION.
Was it all worth a temporary GDP gain of ~0.7%?
Is Pelosi is about to wreck the economy like she did that last time that she was the Speaker?
That is where you are wrong! There is some thing dark on the horizen. The cause of it will be a little known law 10b-18. Remember that law it will make the news soon.There are zero signs a depression is looming.
Does a POTUS get any dumber than to tank US & other markets with such a careless & selfish Tweet?
Eventually, the monetization of the debt will lead to hyperinflation and a rejection of the dollar’s world reserve currency status.
It's not a question of if. It's a question of when.
