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

[B. Kidd]

Trumps initial tariffs on China really killed our market......

 

[grainbely]

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.

Weird. We were promised 4% gdp and golden pastures for all following the tax cuts. I guess that was a wealth grab con job, after all, like most of the economists said.

 

[Third Party]

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.

Was the Dow up or down today?

 

[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.

Was the Dow up or down today?

Um up 73 points. Up .002%.

Is an index of 30 stocks indicative of the state of the economy as a whole?

 

[Third Party]

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.

Was the Dow up or down today?

Um up 73 points. Up .002%.

Is an index of 30 stocks indicative of the state of the economy as a whole?

No

 

[Fort Fun Indiana]

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.

This is somewhat of a relief and a welcome correction. Consumer confidence can overheat (and was doing just that), and the housing market is well on its way to another bubble.

 

[Manonthestreet]

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.

High end?

 

[Fang]

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.

Bullsh!t. #fakenews

 

[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.

Bullsh!t. #fakenews

Hmm ok. Can you show any of those stats are false?

 

[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.

High end?

750K or better.
No money in "affordable housing" after all costs are considered. A lot of the cost from the city or suburb in "fees".
These people are not Republican voters either. The western burbs of Plymouth, Minnetonka, Maple Grove, Eden Prairie and such. Still all Hennepin County the liberal haven. I believe you would be familiar. A quarter acre lot in Plymouth cost my boss 350 thousand. 1.2 million was the house sold on it.

 

[BuckToothMoron]

The FEDS dovish attitude has been trying to reverse prime the economy since 2009. Stimulus and near ZIRP policy has only led to asset inflation (stocks, bonds and Real Estate) with no real substantial growth. Trumps tax cut also exacerbated the situation. Trickle down economics only works when there is pent up demand (Reagan 80’s). All those companies used the tax savings on buy backs, further driving up stock prices, instead of hiring and expanding. The reality is there is very little growth, and a looming stock market bust and recession. All of it primarily caused by our central bank. GOLD.

 

[BuckToothMoron]

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/

With all due respect, Obama had nothing to do with ZIRP and QE. Those were the policies of the Federal Reserve. And I say this as someone who voted against Obama.

 

[BuckToothMoron]

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.

History is full of examples of frantic building and buying right before a recession. It’s called the top off.

 

[Fort Fun Indiana]

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.

High end?

750K or better.
No money in "affordable housing" after all costs are considered. A lot of the cost from the city or suburb in "fees".
These people are not Republican voters either. The western burbs of Plymouth, Minnetonka, Maple Grove, Eden Prairie and such. Still all Hennepin County the liberal haven. I believe you would be familiar. A quarter acre lot in Plymouth cost my boss 350 thousand. 1.2 million was the house sold on it.

One of the gross consequences of our wealth gap...

 

[Pilot1]

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.

But the Fed has raised rates FOUR TIMES since Trump has been in office. To much too soon.

 

[Fort Fun Indiana]

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.

But the Fed has raised rates FOUR TIMES since Trump has been in office. To much too soon.

Rates have barely increased. And they waited too long to do it.

 

[Manonthestreet]

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.

High end?

750K or better.
No money in "affordable housing" after all costs are considered. A lot of the cost from the city or suburb in "fees".
These people are not Republican voters either. The western burbs of Plymouth, Minnetonka, Maple Grove, Eden Prairie and such. Still all Hennepin County the liberal haven. I believe you would be familiar. A quarter acre lot in Plymouth cost my boss 350 thousand. 1.2 million was the house sold on it.

Ply on out to Maple plain down to Mound, Navarre , Wayzata is my area. Been on lot of residential construction sites and super high end sometimes basement floor is aldy cracked before house is done. Brother does sheet rock and one of the high end builers wanted him to work for them cause his rep travels, then they kept trying to make him cut his prices which he wouldn't. Jobs went to Mexicans and after fixing couple disasters for em he dropped them. My question is who is buying all this. Know there are lot of Indian, dots not feathers, enclaves out there and the schools have all busted out new editions on down to Westonka.

 

[Marion Morrison]

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.

But the Fed has raised rates FOUR TIMES since Trump has been in office. To much too soon.

Rates have barely increased. And they waited too long to do it.

Yeah, as in they never did it with Obama, then do it twice as fast as should be with Trump. Is there an agenda here?

I say fuck the Fed and put all that under the Treasury as the FF intended.

 

[Fort Fun Indiana]

Yeah, as in they never did it with Obama, then do it twice as fast as should be with Trump. Is there an agenda here?

No. The recovery was alow and they didn't want to slow it further. They were a little too careful, in retrospect. But they have to raise rates, in a good economy. We need that monetary tool to react to economic problems. That is what happens in a strong economy. Always. But trump the fucking moron doesn't know that, because he just doesnt know much....

 

[Marion Morrison]

Yeah, as in they never did it with Obama, then do it twice as fast as should be with Trump. Is there an agenda here?

No. The recovery was alow and they didn't want to slow it further. They were a little too careful, in retrospect. But they have to raise rates, in a good economy. We need that monetary tool to react to economic problems. That is what happens in a strong economy. Always. But trump the fucking moron doesn't know that, because he just doesnt know much....

If they have to raise rates, why did they never do it when Obama was president, bitch?
8 years, no raising. 'Sup, motherfucker?