Denizen
Gold Member
- Oct 23, 2018
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Come back Obama, we miss you dearly.
The industries that Trump claimed to have saved, manufacturing, coal, and steel are all more depressed than they were before Trump 'saved' them.
Investment has dried up from 13+% to -1.5%.
Farmers are on Trumpian socialist welfare to save them from bankruptcy due to Donald Trump's trade war.
Could collapse of the US$ be next?
Donald Trump has no more tricks up his sleeve to get the economy on an uptick. The Chinese won't be helping him and they have a huge amount of money held in the US which could cause a severe economic disaster if they pulled the money out.
Unemployment in October jobs report not all good news (opinion) - CNN
The industries that Trump claimed to have saved, manufacturing, coal, and steel are all more depressed than they were before Trump 'saved' them.
Investment has dried up from 13+% to -1.5%.
Farmers are on Trumpian socialist welfare to save them from bankruptcy due to Donald Trump's trade war.
Could collapse of the US$ be next?
Donald Trump has no more tricks up his sleeve to get the economy on an uptick. The Chinese won't be helping him and they have a huge amount of money held in the US which could cause a severe economic disaster if they pulled the money out.
Unemployment in October jobs report not all good news (opinion) - CNN
... Real GDP growth has slowed this year from 2.9% to 1.9%. Personal consumption has slowed from 3.5% to 2.9%. Services have slowed from 3.4% to 1.7%. And gross private investment slowed from 13.7% to -1.5%.
These shifts are warning signs, especially considering that Q4 GDP growth may be lower still. As of now, the New York Fed Nowcast model is projecting 0.92% GDP growth for the fourth quarter, but this current projection will of course shift as the quarter unfolds.