The Trump downturn continues....housing sales off, confidence down

[airplanemechanic]

The economic numbers coming in are getting worse and worse for the Trump administration.

The Pain Of This New Economic Downturn Is Starting To Show Up All Over The Country

Home sales down 7.8% in May
Consumer confidence down
FedEx reports loss of 1.97 BILLION dollars in the fiscal 4Q, ending May 31st.

 

[JimBowie1958]

The economic numbers coming in are getting worse and worse for the Trump administration.

The Pain Of This New Economic Downturn Is Starting To Show Up All Over The Country

Home sales down 7.8% in May
Consumer confidence down
FedEx reports loss of 1.97 BILLION dollars in the fiscal 4Q, ending May 31st.

Whenever the FEd raises interest rates it creates a short downturn as businesses have to adjust for more expensive credit.

This in turn can cause a longer recession like situation if people lose confidence in the economy, but it will come back as long as the Fed lowers interest rates again or at least suspends raising them further..

 

[Rustic]

The deep state loses control when the economy is good… Of course they’re going to do everything to fuck over the individual

 

[B. Kidd]

SELL!...SELL!...SELL!

 

[Marion Morrison]

SELL!...SELL!...SELL!

I'm gonna start calling you 29

 

[Crepitus]

The economic numbers coming in are getting worse and worse for the Trump administration.

The Pain Of This New Economic Downturn Is Starting To Show Up All Over The Country

Home sales down 7.8% in May
Consumer confidence down
FedEx reports loss of 1.97 BILLION dollars in the fiscal 4Q, ending May 31st.

Whenever the FEd raises interest rates it creates a short downturn as businesses have to adjust for more expensive credit.

This in turn can cause a longer recession like situation if people lose confidence in the economy, but it will come back as long as the Fed lowers interest rates again or at least suspends raising them further..

Rates haven't changed since last year.

 

[rightwinger]

More Making America Great

 

[petro]

Huh.
We cant keep up with demand.
At least 8 months behind on house starts.
Homeowners getting impatient.
Boss is doing great and so are we.
Plenty of wealthy liberals buying them up as fast as they can get them.

 

[Crepitus]

Interesting article on the markets.

There's something wrong with this rally in the stock market, JP Morgan says

 

[gipper]

More Making America Great

Kinda like that hope and change BS.

 

[Mikeoxenormous]

The economic numbers coming in are getting worse and worse for the Trump administration.

The Pain Of This New Economic Downturn Is Starting To Show Up All Over The Country

Home sales down 7.8% in May
Consumer confidence down
FedEx reports loss of 1.97 BILLION dollars in the fiscal 4Q, ending May 31st.

So because housing prices soared under Obama, because of his QE forever plan and 0% interest, now with such high price homes and not many people affording them, you blame Trump? Figures.

https://nypost.com/2016/03/12/obama-is-setting-us-up-for-another-housing-crash/

 

[EvilCat Breath]

Huh.
We cant keep up with demand.
At least 8 months behind on house starts.
Homeowners getting impatient.
Boss is doing great and so are we.
Plenty of wealthy liberals buying them up as fast as they can get them.

I don't know of a single person that isn't doing better than under shitstain obama. A new development is going in nearby. It will be a new master planned community. They are sold out almost as soon as a new plan opens. The downturn appears to exist in the minds of democrats.

 

[theHawk]

The economic numbers coming in are getting worse and worse for the Trump administration.

The Pain Of This New Economic Downturn Is Starting To Show Up All Over The Country

Home sales down 7.8% in May
Consumer confidence down
FedEx reports loss of 1.97 BILLION dollars in the fiscal 4Q, ending May 31st.

Economists are the biggest fucking joke. They don’t have a clue about anything. Yes, of course house prices aren’t going to keep going up to infinity and housing sales will eventually slow. Just like how adding new jobs will eventually go down in numbers. When virtually everyone has a job and owns a house, how can unemployment get lower and housing sales grow?

 

[JimBowie1958]

SELL!...SELL!...SELL!

I'm gonna start calling you 29

He who panics first, panics best.

 

[22lcidw]

More Making America Great

They can move the wayfare furniture store down south while they are at it. I believe the north is trying to reenergize the rust belt to their agenda. Come on Boeing....all of you move down to the South. Your citizens are applauding second rate status. I tried to warn you.

 

[Superbadbrutha]

More Making America Great

Kinda like that hope and change BS.

You mean the thing that Trump has been taking the credit for the last 2yrs.

 

[Mikeoxenormous]

More Making America Great

Kinda like that hope and change BS.

You mean the thing that Trump has been taking the credit for the last 2yrs.

The only credit President Trump is taking is his tax breaks and deregulations which has turned the US into a economic powerhouse again. He "the Don" used his magic wand that Obama only dreamed he could of found. Obama was such a pansy ass needle dick.

 

[jknowgood]

More Making America Great

He did, when he made Obama's legacy a bad memory.

 

[jknowgood]

More Making America Great

Kinda like that hope and change BS.

You mean the thing that Trump has been taking the credit for the last 2yrs.

Obama's legacy is just a bad memory. Keep up.

 

[gipper]

More Making America Great

Kinda like that hope and change BS.

You mean the thing that Trump has been taking the credit for the last 2yrs.

O was great for the 1%.