Trump's economy

[frigidweirdo]

So, Trump likes to take credit for the economy. Here's a nice map he can show people.

Essentially farmers are getting the shit kicked out of their pigs day in, day out. -13% seems to be the best projected rate this year.

https://uk.yahoo.com/finance/news/b...rmers-want-trump-end-trade-war-123443562.html

 

[frigidweirdo]

So, Trump likes to take credit for the economy. Here's a nice map he can show people.

Essentially farmers are getting the shit kicked out of their pigs day in, day out. -13% seems to be the best projected rate this year.

https://uk.yahoo.com/finance/news/b...rmers-want-trump-end-trade-war-123443562.html

 

[Remodeling Maidiac]

Talk about cherry picking lol

In a free market no one is guaranteed success but they are all guaranteed a shot at it.

 

[Remodeling Maidiac]

And by the way, I live in the midwest and our economy is booming despite your cherry picked pig map.

 

[Pilot1]

Historically low unemployment, corporate profits at record highs, housing market booming, the dollar is strengthening. Yeah, it really sucks.

 

[Harpy Eagle]

And by the way, I live in the midwest and our economy is booming despite your cherry picked pig map.

Not for the Ag industry it is not.

 

[Remodeling Maidiac]

And by the way, I live in the midwest and our economy is booming despite your cherry picked pig map.

Not for the Ag industry it is not.

One industry =/= the economy.

Hack

 

[saveliberty]

"Falling net farm income is largely the result of falling commodity prices [and] productivity is outpacing population growth and food demand," he reported. "Looking forward, net farm income is expected to remain flat over the next ten years, and when accounting for inflation, to fall in real terms."

He said the most recent outlook for 2018 indicates expectations are lower than last year's net farm income. USDA projects farm income will fall 6.7 percent in 2018, down to $59.5 billion. That’s less than half of the farm income levels in 2013.

Falling prices, crop productivity driving farm income outlook

...then there is weather, like your chart talks about in the caption....

 

[caddo kid]

Historically low unemployment, corporate profits at record highs, housing market booming, the dollar is strengthening. Yeah, it really sucks.

this nothing more than 'pre crash' scenario, ala 2007.

 

[Harpy Eagle]

And by the way, I live in the midwest and our economy is booming despite your cherry picked pig map.

Not for the Ag industry it is not.

One industry =/= the economy.

Hack

True, but some industries have a larger impact on the economy than others. Think of the damage the housing industry did.

 

[saveliberty]

True, but some industries have a larger impact on the economy than others. Think of the damage the housing industry did.

Sounds like a 1 or 2% increase in food prices at most for the coming year....gee what a tragedy....

 

[pismoe]

And by the way, I live in the midwest and our economy is booming despite your cherry picked pig map.

Not for the Ag industry it is not.

---------------------------------- are any in the 'ag industry' starving and dying or freezing to death in their bed due to lack of heat in the Farm House because they have no money GGator ??

 

[Harpy Eagle]

True, but some industries have a larger impact on the economy than others. Think of the damage the housing industry did.

Sounds like a 1 or 2% increase in food prices at most for the coming year....gee what a tragedy....

True, food prices will remain steady since the government subsidizes the Ag industry to ensure that food prices are always level. This does not help the individual farmers as much as it does the rest of us.

 

[Remodeling Maidiac]

And by the way, I live in the midwest and our economy is booming despite your cherry picked pig map.

Not for the Ag industry it is not.

One industry =/= the economy.

Hack

True, but some industries have a larger impact on the economy than others. Think of the damage the housing industry did.

 

[saveliberty]

The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is the gross domestic product, which measures the nation's production output. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range. Unemployment is forecast to continue at the natural rate. There isn't too much inflation or deflation. That's a Goldilocks economy.

2018 will be a prosperous year as we continue to say goodbye to the effects of the financial crisis. Be on the lookout for a bubble in the stock market. That signals the peak of the business cycle. Another recession is probably two to three years out. It all depends on whether President Trump's tax cuts will create the jobs he promised.

What Will the Economy Do in 2018 and Beyond?

 

[Mac1958]

Right now it's sugar rush, paid for with borrowed money and an exploding deficit. Obviously.

The question is whether it can sustain long enough to ultimately begin paying for itself. Here's hoping.

 

[saveliberty]

True, food prices will remain steady since the government subsidizes the Ag industry to ensure that food prices are always level. This does not help the individual farmers as much as it does the rest of us.

Remind me who GETS agriculture subsidies?

 

[Harpy Eagle]

And by the way, I live in the midwest and our economy is booming despite your cherry picked pig map.

Not for the Ag industry it is not.

---------------------------------- are any in the 'ag industry' starving and dying or freezing to death in their bed due to lack of heat in the Farm House because they have no money GGator ??

We are seeing more operations in threat of being taken over by banks than any time since drought in 2012 caused so much damage. Most operations are one bad year from bankruptcy.

 

[pismoe]

Historically low unemployment, corporate profits at record highs, housing market booming, the dollar is strengthening. Yeah, it really sucks.

this nothing more than 'pre crash' scenario, ala 2007.

-------------------------------------- maybe , who knows , best to prepare and to be prepared like people prepared 50 years ago . There are no guarantees Cado .

 

[Harpy Eagle]

True, food prices will remain steady since the government subsidizes the Ag industry to ensure that food prices are always level. This does not help the individual farmers as much as it does the rest of us.

Remind me who GETS agriculture subsidies?

The farmer of course, but even subsidies cannot over come the loss of a market for your crop.