Mikeoxenormous
Diamond Member
- Thread starter
- #61
China woes may hang over Wall StreetThere, i have said that the economy is recovering 3 times now, so it must be true. Of course, the FACTS prove differently, time and time again. Obamanomics was to Fundamentally Transform America, which it has, but some people, are totally clueless when it is right there in their face. U.S. economy contracts in Q1 dollar hits corporate profitsUnemployment rate is 5.5% but 93 million American "WORKERS" are out of a job, the stock market at an all time high, due to FAUX printed money, there isnt any real reason for people to look forward to the future. The expectations are that cheap gasoline, you know the stuff that causes Global Warming, will give many more money to invest in the economy, but as i pointed out when you are out of a job, you either eat, or buy gas, and gas doesnt make your belly full. Gas has been cheaper about 1 year now, it didnt help, and wont help. Just more misery as liberalism is all about equality. Equally poor and equally miserable. Unless you are Warren Buffet, Bill Gates, Al Gore, Bill Clinton and his wife, or even Barack Hussein Obama, who have their millions and billions of dollars.government on Friday slashed its gross domestic product estimate to show it shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.
They've been saying it for 6 1/2 years now, eventually they have to be right.
It's like getting up and saying it's going to rain today every day, at some point, you will be right
I don't think a hard landing will occur, we'll just have 2% growth until we switch back toward more Republican capitalism. The Fed seemingly knows how to prevent hard landings. China is proof it seems to me. Despite massive liberal Keynesian programs their economy has grown 7% a year for 35 years without a hard landing.
Better look now, China seems to be coming in fast.The preliminary China manufacturing purchasing managers' index (PMI) fell to a six-and-a-half-year low of 47.0 in September, below a 47.5 forecast by analysts in a Reuters poll, data showed.