Trumps Incompetence Is Being Laid Bare For All Americans To See Just In Time For The Holidays

[sealybobo]

And still the economy isn’t solid

Actually it is....haven't seen one bad economic indicator. Can you name something besides the Circus known as stock market to add to your argument. Jobs up ...wages up...spending up.....I would bet saving is up...….

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

And we are at zero unemployment yet wages haven’t gone up in any meaningful way for people waiting for trump to MAGA

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

Do you know my grandmother who made minimum wage got something like 9% on her savings account? Do you want to make America great again for blue collar people? Make it possible for them to get even 7% on their savings like we used to get.

 

[Admiral Rockwell Tory]

Actually it is....haven't seen one bad economic indicator. Can you name something besides the Circus known as stock market to add to your argument. Jobs up ...wages up...spending up.....I would bet saving is up...….

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

And we are at zero unemployment yet wages haven’t gone up in any meaningful way for people waiting for trump to MAGA

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

2.1% inflation may not seem that high but it's 3 times what is was 4 years ago.

The Fed is most effective fighting inflation when it starts early. Once inflation get's started it's hard to control. The economy is running hot, wage rates are rising, and demand growth is poised to outstrip supply. The Fed certainly has reason to be concerned about inflation.

What prices are increasing? Practically everything I buy is much cheaper than it has been in years.

It is probably like a few years back when they categorically stated inflation was a ridiculously low rate, and then we found out that they were not including fuel prices and food in their calculations. It was all nothing but a Democrat smoke and mirrors show!

 

[sealybobo]

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

And we are at zero unemployment yet wages haven’t gone up in any meaningful way for people waiting for trump to MAGA

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

2.1% inflation may not seem that high but it's 3 times what is was 4 years ago.

The Fed is most effective fighting inflation when it starts early. Once inflation get's started it's hard to control. The economy is running hot, wage rates are rising, and demand growth is poised to outstrip supply. The Fed certainly has reason to be concerned about inflation.

What prices are increasing? Practically everything I buy is much cheaper than it has been in years.

It is probably like a few years back when they categorically stated inflation was a ridiculously low rate, and then we found out that they were not including fuel prices and food in their calculations. It was all nothing but a Democrat smoke and mirrors show!

Gas is cheap. That’s great. But I just heard in metro Detroit prices in the supermarket are going up 1%.

For the masses, america is not GA yet. MAGA

For th3 masses things are only slightly better. Hardly noticeable.

But I’ll admit I sold $400k more in 2018 than I did in 2017

 

[Flopper]

Actually it is....haven't seen one bad economic indicator. Can you name something besides the Circus known as stock market to add to your argument. Jobs up ...wages up...spending up.....I would bet saving is up...….

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

And we are at zero unemployment yet wages haven’t gone up in any meaningful way for people waiting for trump to MAGA

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

Do you know my grandmother who made minimum wage got something like 9% on her savings account? Do you want to make America great again for blue collar people? Make it possible for them to get even 7% on their savings like we used to get.

Yeah, you got 9% on savings but you had a 10% mortgage and 13% car loan. You got a 5% raise and inflation was 6%. No thanks. I prefer low interest rates.

 

[sealybobo]

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

And we are at zero unemployment yet wages haven’t gone up in any meaningful way for people waiting for trump to MAGA

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

Do you know my grandmother who made minimum wage got something like 9% on her savings account? Do you want to make America great again for blue collar people? Make it possible for them to get even 7% on their savings like we used to get.

Yeah, you got 9% on savings but you had a 10% mortgage and 13% car loan. You got a 5% raise and inflation was 6%. No thanks. I prefer low interest rates.

Not if you’re sitting where I’m sitting. I’m not buying anything on credit ever again.

And that high interest got my dad to pay off his house quickly.

And that high interest allowed him to accumulate over $300,000. And my two grandmothers who never worked for more than minimum wage each died with $100,000 in their savings accounts. How many people in America today have $100k in the bank? Probably because they aren’t getting more than 2%. Why bother saving if that’s all you’re getting? I believe this is how lower middle class people survived in the 70s 80s & 90s. They could retire on the interest and social security.

One other thing. Remember republicans said Obama’s economy was fake because he wouldn’t raise interest rates? Something about take the training wheels off?

People who can afford a down payment for something shouldn’t have a problem paying off that loan quicker to avoid the interest.

 

[22lcidw]

And still the economy isn’t solid

Actually it is....haven't seen one bad economic indicator. Can you name something besides the Circus known as stock market to add to your argument. Jobs up ...wages up...spending up.....I would bet saving is up...….

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

That was a very convoluted way of saying, "No"!

Jobs and Wages are not indicators of future economic activity. They are the result of it; that is they are lagging indicators. The stock market is a leading indicator of economic activity.

To answer the question, the Yield Curve which is flattening is indicating the likelihood a recession ahead in 2019 as is the Confidence Board Leading Economic Index. Most of the other leading indicators are pointing up or neutral.

I wouldn't be betting on a major economic expansion in 2019.

The car companies are scaling back too. They don’t think 2019 is going to be a good year.

Trumps tax breaks caused a very temporary bump in our economy. It certainly didn’t create the boom trump promised.

And now we don’t have that money to deal with things. So what will politicians do? They’ll raise our taxes and say they have to because we don’t have any money.

And Americans will bend over and take it. They won’t even connect the dots that we don’t have any money because republicans gave the rich huge tax breaks.

Same when they cut our social security and Medicare

If the Progressive Socialists would actually give a substantial tax break to the lower working class they would be believed. Between the nickel and diming and the demonic schemes like Dodd/Frank and Obamacare payments it is one giant dot.

 

[sealybobo]

Actually it is....haven't seen one bad economic indicator. Can you name something besides the Circus known as stock market to add to your argument. Jobs up ...wages up...spending up.....I would bet saving is up...….

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

That was a very convoluted way of saying, "No"!

Jobs and Wages are not indicators of future economic activity. They are the result of it; that is they are lagging indicators. The stock market is a leading indicator of economic activity.

To answer the question, the Yield Curve which is flattening is indicating the likelihood a recession ahead in 2019 as is the Confidence Board Leading Economic Index. Most of the other leading indicators are pointing up or neutral.

I wouldn't be betting on a major economic expansion in 2019.

The car companies are scaling back too. They don’t think 2019 is going to be a good year.

Trumps tax breaks caused a very temporary bump in our economy. It certainly didn’t create the boom trump promised.

And now we don’t have that money to deal with things. So what will politicians do? They’ll raise our taxes and say they have to because we don’t have any money.

And Americans will bend over and take it. They won’t even connect the dots that we don’t have any money because republicans gave the rich huge tax breaks.

Same when they cut our social security and Medicare

If the Progressive Socialists would actually give a substantial tax break to the lower working class they would be believed. Between the nickel and diming and the demonic schemes like Dodd/Frank and Obamacare payments it is one giant dot.

Did republicans give you a substantial tax break?

I would believe in trump if his tax break were only for people who make between $10k and $300k a year. Not for anyone who makes more.

Then you would have seen everyone benefit. The consumers would have more money to consume and the corporations would boom from the sales.

If car sales are down this year that’s a sign the masses aren’t feeling the trump tax bump.

 

[Flopper]

And we are at zero unemployment yet wages haven’t gone up in any meaningful way for people waiting for trump to MAGA

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

Do you know my grandmother who made minimum wage got something like 9% on her savings account? Do you want to make America great again for blue collar people? Make it possible for them to get even 7% on their savings like we used to get.

Yeah, you got 9% on savings but you had a 10% mortgage and 13% car loan. You got a 5% raise and inflation was 6%. No thanks. I prefer low interest rates.

Not if you’re sitting where I’m sitting. I’m not buying anything on credit ever again.

And that high interest got my dad to pay off his house quickly.

And that high interest allowed him to accumulate over $300,000. And my two grandmothers who never worked for more than minimum wage each died with $100,000 in their savings accounts. How many people in America today have $100k in the bank? Probably because they aren’t getting more than 2%. Why bother saving if that’s all you’re getting? I believe this is how lower middle class people survived in the 70s 80s & 90s. They could retire on the interest and social security.

One other thing. Remember republicans said Obama’s economy was fake because he wouldn’t raise interest rates? Something about take the training wheels off?

People who can afford a down payment for something shouldn’t have a problem paying off that loan quicker to avoid the interest.

The problem with high interest rates is they are almost always accompanied by high inflation rates. Invariably banks charge lenders much, much more than they pay for money during inflationary periods.

Higher rates mean consumers with debts are going to have to pay more interest to lenders. This typically has a negative effect on their spending habits because the more money they have to pay to keep their loans current, the less disposable income they will have to spend on products and services. Thus high interest rates have a negative effect on consumer spending.

High interest are hard on small business. Nearly every small business has outstanding loans, and when interest rates rise, those loans become more expensive. Typically, these are long-term debts that are going to take years for you to pay off, so any increase in the interest rate on those loans means you’re going to carry the debt longer and pay more money. In addition, higher interest rates mean it will be more difficult to take out new short-term loans to help pay for unexpected expenses or to expand your business when necessary.

Reduction in consumer spending and the increased costs of borrowing money puts a damper of the economy effecting the markets and jobs.

Yes, people can benefit from high inflation but that is often a matter of doing the right thing at just right time. Back in the 80's when interest rates were sky high, I took a chance on tax free municipal bonds buying issues with coupons of 8% to 11%, non callable. I was lucky. Interest rates fell and 20 years later I was collecting an average of 10% tax free. However, as I said, I was lucky. Rates could have stayed high or risen.

The idea situation is low fairly stable interest rates well below inflation rates.

 

[dudmuck]

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

Do you know my grandmother who made minimum wage got something like 9% on her savings account? Do you want to make America great again for blue collar people? Make it possible for them to get even 7% on their savings like we used to get.

Yeah, you got 9% on savings but you had a 10% mortgage and 13% car loan. You got a 5% raise and inflation was 6%. No thanks. I prefer low interest rates.

Not if you’re sitting where I’m sitting. I’m not buying anything on credit ever again.

And that high interest got my dad to pay off his house quickly.

And that high interest allowed him to accumulate over $300,000. And my two grandmothers who never worked for more than minimum wage each died with $100,000 in their savings accounts. How many people in America today have $100k in the bank? Probably because they aren’t getting more than 2%. Why bother saving if that’s all you’re getting? I believe this is how lower middle class people survived in the 70s 80s & 90s. They could retire on the interest and social security.

One other thing. Remember republicans said Obama’s economy was fake because he wouldn’t raise interest rates? Something about take the training wheels off?

People who can afford a down payment for something shouldn’t have a problem paying off that loan quicker to avoid the interest.

The problem with high interest rates is they are almost always accompanied by high inflation rates. Invariably banks charge lenders much, much more than they pay for money during inflationary periods.

Higher rates mean consumers with debts are going to have to pay more interest to lenders. This typically has a negative effect on their spending habits because the more money they have to pay to keep their loans current, the less disposable income they will have to spend on products and services. Thus high interest rates have a negative effect on consumer spending.

High interest are hard on small business. Nearly every small business has outstanding loans, and when interest rates rise, those loans become more expensive. Typically, these are long-term debts that are going to take years for you to pay off, so any increase in the interest rate on those loans means you’re going to carry the debt longer and pay more money. In addition, higher interest rates mean it will be more difficult to take out new short-term loans to help pay for unexpected expenses or to expand your business when necessary.

Reduction in consumer spending and the increased costs of borrowing money puts a damper of the economy effecting the markets and jobs.

The idea situation is low fairly stable interest rates well below inflation rates.

Yes, people can benefit from high inflation but that is often a matter of doing the right thing at just right time. Back in the 80's when interest rates were sky high, I took a chance on tax free municipal bonds buying issues with coupons of 8% to 11%, non callable. I was lucky. Interest rates fell and 20 years later I was collecting an average of 10% tax free. However, as I said, I was lucky. Rates could have stayed high or risen.

Youve got it backwards.

In general, as interest rates are reduced, more people are able to borrow more money. The result is that consumers have more money to spend, causing the economy to grow and inflation to increase. The opposite holds true for rising interest rates. As interest rates are increased, consumers tend to save as returns from savings are higher. With less disposable income being spent as a result of the increase in the interest rate, the economy slows and inflation decreases.

 

[Flopper]

Employment and wages are lagging indicators which means they turn down after the economic contraction is well underway. People tend to be very concerned about the stock market because it's a leading indicator which often predicts major changes in the economy.

And we are at zero unemployment yet wages haven’t gone up in any meaningful way for people waiting for trump to MAGA

I think we may see wages rise this year but it will be offset by inflation.

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

2.1% inflation may not seem that high but it's 3 times what is was 4 years ago.

The Fed is most effective fighting inflation when it starts early. Once inflation get's started it's hard to control. The economy is running hot, wage rates are rising, and demand growth is poised to outstrip supply. The Fed certainly has reason to be concerned about inflation.

What prices are increasing? Practically everything I buy is much cheaper than it has been in years.

It is probably like a few years back when they categorically stated inflation was a ridiculously low rate, and then we found out that they were not including fuel prices and food in their calculations. It was all nothing but a Democrat smoke and mirrors show!

Apparently you have been to the grocery store lately.

 

[Flopper]

What inflation? That caused by the Federal Reserve raising interest rates unnecessarily?

Do you know my grandmother who made minimum wage got something like 9% on her savings account? Do you want to make America great again for blue collar people? Make it possible for them to get even 7% on their savings like we used to get.

Yeah, you got 9% on savings but you had a 10% mortgage and 13% car loan. You got a 5% raise and inflation was 6%. No thanks. I prefer low interest rates.

Not if you’re sitting where I’m sitting. I’m not buying anything on credit ever again.

And that high interest got my dad to pay off his house quickly.

And that high interest allowed him to accumulate over $300,000. And my two grandmothers who never worked for more than minimum wage each died with $100,000 in their savings accounts. How many people in America today have $100k in the bank? Probably because they aren’t getting more than 2%. Why bother saving if that’s all you’re getting? I believe this is how lower middle class people survived in the 70s 80s & 90s. They could retire on the interest and social security.

One other thing. Remember republicans said Obama’s economy was fake because he wouldn’t raise interest rates? Something about take the training wheels off?

People who can afford a down payment for something shouldn’t have a problem paying off that loan quicker to avoid the interest.

The problem with high interest rates is they are almost always accompanied by high inflation rates. Invariably banks charge lenders much, much more than they pay for money during inflationary periods.

Higher rates mean consumers with debts are going to have to pay more interest to lenders. This typically has a negative effect on their spending habits because the more money they have to pay to keep their loans current, the less disposable income they will have to spend on products and services. Thus high interest rates have a negative effect on consumer spending.

High interest are hard on small business. Nearly every small business has outstanding loans, and when interest rates rise, those loans become more expensive. Typically, these are long-term debts that are going to take years for you to pay off, so any increase in the interest rate on those loans means you’re going to carry the debt longer and pay more money. In addition, higher interest rates mean it will be more difficult to take out new short-term loans to help pay for unexpected expenses or to expand your business when necessary.

Reduction in consumer spending and the increased costs of borrowing money puts a damper of the economy effecting the markets and jobs.

The idea situation is low fairly stable interest rates well below inflation rates.

Yes, people can benefit from high inflation but that is often a matter of doing the right thing at just right time. Back in the 80's when interest rates were sky high, I took a chance on tax free municipal bonds buying issues with coupons of 8% to 11%, non callable. I was lucky. Interest rates fell and 20 years later I was collecting an average of 10% tax free. However, as I said, I was lucky. Rates could have stayed high or risen.

Youve got it backwards.

In general, as interest rates are reduced, more people are able to borrow more money. The result is that consumers have more money to spend, causing the economy to grow and inflation to increase. The opposite holds true for rising interest rates. As interest rates are increased, consumers tend to save as returns from savings are higher. With less disposable income being spent as a result of the increase in the interest rate, the economy slows and inflation decreases.

I agree with what you are saying but I don't see any conflict with my post.

 

[dudmuck]

Do you know my grandmother who made minimum wage got something like 9% on her savings account? Do you want to make America great again for blue collar people? Make it possible for them to get even 7% on their savings like we used to get.

Yeah, you got 9% on savings but you had a 10% mortgage and 13% car loan. You got a 5% raise and inflation was 6%. No thanks. I prefer low interest rates.

Not if you’re sitting where I’m sitting. I’m not buying anything on credit ever again.

And that high interest got my dad to pay off his house quickly.

And that high interest allowed him to accumulate over $300,000. And my two grandmothers who never worked for more than minimum wage each died with $100,000 in their savings accounts. How many people in America today have $100k in the bank? Probably because they aren’t getting more than 2%. Why bother saving if that’s all you’re getting? I believe this is how lower middle class people survived in the 70s 80s & 90s. They could retire on the interest and social security.

One other thing. Remember republicans said Obama’s economy was fake because he wouldn’t raise interest rates? Something about take the training wheels off?

People who can afford a down payment for something shouldn’t have a problem paying off that loan quicker to avoid the interest.

The problem with high interest rates is they are almost always accompanied by high inflation rates. Invariably banks charge lenders much, much more than they pay for money during inflationary periods.

Higher rates mean consumers with debts are going to have to pay more interest to lenders. This typically has a negative effect on their spending habits because the more money they have to pay to keep their loans current, the less disposable income they will have to spend on products and services. Thus high interest rates have a negative effect on consumer spending.

High interest are hard on small business. Nearly every small business has outstanding loans, and when interest rates rise, those loans become more expensive. Typically, these are long-term debts that are going to take years for you to pay off, so any increase in the interest rate on those loans means you’re going to carry the debt longer and pay more money. In addition, higher interest rates mean it will be more difficult to take out new short-term loans to help pay for unexpected expenses or to expand your business when necessary.

Reduction in consumer spending and the increased costs of borrowing money puts a damper of the economy effecting the markets and jobs.

The idea situation is low fairly stable interest rates well below inflation rates.

Yes, people can benefit from high inflation but that is often a matter of doing the right thing at just right time. Back in the 80's when interest rates were sky high, I took a chance on tax free municipal bonds buying issues with coupons of 8% to 11%, non callable. I was lucky. Interest rates fell and 20 years later I was collecting an average of 10% tax free. However, as I said, I was lucky. Rates could have stayed high or risen.

Youve got it backwards.

In general, as interest rates are reduced, more people are able to borrow more money. The result is that consumers have more money to spend, causing the economy to grow and inflation to increase. The opposite holds true for rising interest rates. As interest rates are increased, consumers tend to save as returns from savings are higher. With less disposable income being spent as a result of the increase in the interest rate, the economy slows and inflation decreases.

I agree with what you are saying but I don't see any conflict with my post.

your post said high interest rates = high inflation, which means your comprehension skills are shit.

 

[SNAFUBARIFIC]

If the current economic situation is Trump's incompetence, then I damn sure don't miss Barry's incompetence....

 

[Flopper]

Yeah, you got 9% on savings but you had a 10% mortgage and 13% car loan. You got a 5% raise and inflation was 6%. No thanks. I prefer low interest rates.

Not if you’re sitting where I’m sitting. I’m not buying anything on credit ever again.

And that high interest got my dad to pay off his house quickly.

And that high interest allowed him to accumulate over $300,000. And my two grandmothers who never worked for more than minimum wage each died with $100,000 in their savings accounts. How many people in America today have $100k in the bank? Probably because they aren’t getting more than 2%. Why bother saving if that’s all you’re getting? I believe this is how lower middle class people survived in the 70s 80s & 90s. They could retire on the interest and social security.

One other thing. Remember republicans said Obama’s economy was fake because he wouldn’t raise interest rates? Something about take the training wheels off?

People who can afford a down payment for something shouldn’t have a problem paying off that loan quicker to avoid the interest.

The problem with high interest rates is they are almost always accompanied by high inflation rates. Invariably banks charge lenders much, much more than they pay for money during inflationary periods.

Higher rates mean consumers with debts are going to have to pay more interest to lenders. This typically has a negative effect on their spending habits because the more money they have to pay to keep their loans current, the less disposable income they will have to spend on products and services. Thus high interest rates have a negative effect on consumer spending.

High interest are hard on small business. Nearly every small business has outstanding loans, and when interest rates rise, those loans become more expensive. Typically, these are long-term debts that are going to take years for you to pay off, so any increase in the interest rate on those loans means you’re going to carry the debt longer and pay more money. In addition, higher interest rates mean it will be more difficult to take out new short-term loans to help pay for unexpected expenses or to expand your business when necessary.

Reduction in consumer spending and the increased costs of borrowing money puts a damper of the economy effecting the markets and jobs.

The idea situation is low fairly stable interest rates well below inflation rates.

Yes, people can benefit from high inflation but that is often a matter of doing the right thing at just right time. Back in the 80's when interest rates were sky high, I took a chance on tax free municipal bonds buying issues with coupons of 8% to 11%, non callable. I was lucky. Interest rates fell and 20 years later I was collecting an average of 10% tax free. However, as I said, I was lucky. Rates could have stayed high or risen.

Youve got it backwards.

In general, as interest rates are reduced, more people are able to borrow more money. The result is that consumers have more money to spend, causing the economy to grow and inflation to increase. The opposite holds true for rising interest rates. As interest rates are increased, consumers tend to save as returns from savings are higher. With less disposable income being spent as a result of the increase in the interest rate, the economy slows and inflation decreases.

I agree with what you are saying but I don't see any conflict with my post.

your post said high interest rates = high inflation, which means your comprehension skills are shit.

I did not say that. That was your interpretation which is incorrect.
I said, high interest rates are almost always accompanied by high inflation rates.

Over the last 50 years, interest rates higher than 6% which are considered historic high rates have almost always been accompanied by high inflation rates. The federal fund rate may lead or lag inflation depending on timing of fed rate adjustments.
Yr. Interest Inflation
1969 6.2% 9.00%
1974 12.3% 8.00%
1975 6.9% 6.50%
1977 6.7% 6.50%
1978 9.0% 10.00%
1979 13.3% 12.00%
1980 12.5% 18.00%
1981 8.9% 12.00%
1990 6.1% 7.00%
2000 3.4% 6.50%

How Bad Is Inflation? Past, Present, Future

 

[Meathead]

You trusted these people to handle the U.S. economy? Really?

It’s been particularly instructive watching CNBC, whose corporate stooges led with the loudest whoops for that supposedly booming market through 2017, as all of these paper gains—affecting tens of millions of individual retirement portfolios—have now suddenly evaporated into thin air. All of them, at the time, seemed genuinely okay with the fact that a proven incompetent con man, who built his entire life ripping people off, was at the helm of the U.S. economy. What could possibly go wrong?

Trump's incompetence is being laid bare for all Americans to see, just in time for the holidays

Despite widespread liberal butt hurt, the economy is great! Thank MAGA!