US economy

[Scriph]

Its collapsing.
Wanna know why the stock market fell again? It was propped up, and it fell. That means this is the end.
Unenployment: 23%
Poverty: 16% ("Offical")
Debt to gdp: for every dollar we owe 2
Debt: Edging up to 20 trillion

Canada slipped into recession.
Greece fell
The eu is dying
Lets not forget, the tensions, you know, with Brazil, Russia, India, China, and South Amerca.
Yea. Those countries.

 

[Moonglow]

Excellent, then we are ready for a world war....

 

[ScienceRocks]

How is it caused by our policies if China is the one collapsing??? Damn

 

[EdwardBaiamonte]

Its collapsing.
Wanna know why the stock market fell again? It was propped up, and it fell. That means this is the end.
Unenployment: 23%
Poverty: 16% ("Offical")
Debt to gdp: for every dollar we owe 2
Debt: Edging up to 20 trillion

Canada slipped into recession.
Greece fell
The eu is dying
Lets not forget, the tensions, you know, with Brazil, Russia, India, China, and South Amerca.
Yea. Those countries.

Yes, most liberal economy since FDR's economy!! We need to switch back to capitalism, and quickly!!

 

[pinqy]

Its collapsing.
Wanna know why the stock market fell again? It was propped up, and it fell. That means this is the end.
Unenployment: 23%
.

So, of the 15,251,000 people who are not working but want a job (unemployed plus "not in the labor force, want a job now), you're saying that about 45,000,000 of them are unemployed? (not seasonally adjusted) 293% of those who want a job are unemployed? That's what my math says based on Table A-1 What's your math? (and don't quote shadowstats...show your own math.)

 

[Scriph]

Wow, people making fun of me. Great propaganda. United States of Propaganda. Go watch faux news

 

[EdwardBaiamonte]

Wow, people making fun of me. Great propaganda. United States of Propaganda. Go watch faux news

substance free reply from low IQ liberal

 

[waltky]

Looks like an interest rate hike comin'...

Data shows U.S. economy strengthening on eve of Trump presidency
Nov 23 2016 | WASHINGTON - New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter.

The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month following the election of Donald Trump as the next president. Consumers embraced the business mogul's victory, which they viewed as positive for their personal finances and the economy's prospects. While the number of Americans filing for unemployment benefits rose from a 43-year low last week, the trend in jobless claims remained consistent with a tightening labor market.

Equipment stored at the Machinery Auctioneers lot for an upcoming auction in Odessa, Texas​

The data reinforced expectations the Federal Reserve would hike interest rates at its December meeting and minutes of the bank's November policy meeting showed rate setters appeared confident that a rise would come "relatively soon". "Everything seems to be moving in the right direction in the economy," said Joel Naroff, chief economist at Naroff Economic Advisers in Holland, Pennsylvania. "The weak links are recovering and the strengths are staying strong. The Fed is not going to continue doing nothing." The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.4 percent after declining 1.4 percent in September. These so-called core capital goods orders have now increased in four of the last five months.

A view of machinery being used to open up bays along the Mississippi River to the Bonnet Carre spillway is seen through iron gates in Norco, Louisiana​

Shipments of core capital goods rose 0.2 percent last month after a 0.4 percent gain in September. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement. A 12 percent surge in demand for transportation equipment buoyed overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, which jumped 4.8 percent last month. That was the biggest rise in a year and followed a 0.4 percent increase in September. Even as the economy has regained momentum after stumbling in late 2015 and early 2016, business spending remained weak as companies struggled with the impact of a strong dollar and lower oil prices on profits. Business spending on equipment has declined for four straight quarters, weighing heavily on manufacturing, which accounts for 12 percent of the U.S. economy. With core capital goods orders steadily increasing in tandem with rising gas and oil well drilling activity, there is cautious optimism that business investment on equipment will rebound in the fourth quarter.

Workers walk past Caterpillar excavator machines at a factory in Gosselies​

But gains are likely to be modest amid renewed strength in the dollar. The greenback's rally had appeared to run out of steam for much of the year. Still, the rise in both core capital goods orders and shipments mirrored data on industrial production and surveys in showing a nascent recovery in manufacturing. "Activity in the manufacturing sector is getting a little better, but is still far from robust. The recent strengthening in the dollar does pose a renewed risk to growth in the industrial sector," said Michael Feroli, an economist at JPMorgan in New York. In a separate report, the University of Michigan said its consumer sentiment index rose 8.2 points from the pre-election reading to 93.8. That put the index 6.6 points above the October reading. UMich said the post-election surge in optimism was widespread, with gains recorded among all income and age subgroups and across all regions of the country.

BULLISH ECONOMIC SIGNALS

See also:

Fed policymakers confident of need for rate hikes on eve of Trump win
Nov 23 2016 | WASHINGTON - Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed's Nov. 1-2 meeting showed.

The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing costs unchanged earlier this month, just days before Republican Donald Trump triumphed in the Nov. 8 presidential contest. Voting members of the Fed's rate-setting committee saw equal risks the economy would overshoot or undershoot their forecasts for continued growth and a tightening labor market. "Almost all of them continued to judge that near-term risks to the economic outlook were roughly balanced," according to the minutes.

Most of the voting policymakers backed holding off on rate increases "for the time being," according to the minutes, a view that was reflected in the language of the Nov. 2 policy statement. Seventeen policymakers participated at the November policy meeting, of whom 10 had a vote. Among the wider group of participants, most said it "could well become appropriate" to raise rates "relatively soon," according to the minutes.

Some argued a hike should come at the Fed's December meeting in order to preserve the central bank's "credibility." Fed officials have already downplayed the significance of Trump's election for near-term policy decisions, although they have warned the Fed could raise rates more quickly if the federal budget deficit widens under Trump. Fed Chair Janet Yellen said last week in congressional testimony that Trump's election did nothing to change the Fed's plans for a rate increase "relatively soon."

Fed policymakers confident of need for rate hikes on eve of Trump win