US GDP grows at 3% Trump wins againGDP is growing at 3%

America’s white Republican Party Christian nationalists voters are about to learn that putting a ***** Grabber Know Nothing in charge of the US economy was a very, very very satanic thing to do.


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Lemme guess, you are a self-loathing white chick with purple hair and multiple nose piercings. Amirite?
Probably got a full sleeve of arm tats as well.
:rolleyes:
 
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I would like to see more growth! Why are we so afraid to grow again? We are at 3% and we have seen better growth in our country lifetime
 
Wages increased over inflation which is down.
Jobs are beating expectations.
Tariffs are projected to bring in 300 billion a year. Thats enough to pay off the deficit.
Trump gave the working class the biggest tax cut in history opposed by every democrat as democrat approvals drop to 33%
 
Nope they will not since energy companies are raising prices.
Thats green energy. Gas is down oil is down and the trend to increase supply will reduce all energy costs except green energy which will go up as the tax subsidies end
 
Correct. There was a lot of frontloading in orders from overseas to get ahead of the impending tariffs. However, if the surge in imports increased our trade imbalance, that can actually depress GDP growth, though not always.

3.0 GDP growth. That's a long way from Trump's promised 4 to 6 percent.
But closer then where we were when he took office from xiden!

Don’t worry dembot, we are fixing the mess you created with your vote
 
1. You only pay tariffs if you don't buy American
2. Everyone pays tariffs, not just the "working class"
You dont pay a tariff because you dont have to buy. Thats called leverage. The manufacturer must sell or go broke. That drives down prices. The manufacturer, the seller and importer pays.
 
You only pay tariffs if you don't buy American
most billionaires do not buy F150 pick up trucks.

Working class do.


Ford already is taking a $2 billion hit to their bottom line due to Trump tariff terrorism, stealing aluminum and other parts Ford makes the most cars in America than any other company

You have lost ability to think critically over worship of the Donald
 
most billionaires do not buy F150 pick up trucks. Working class do.

Ford already is taking a $2 billion hit to their bottom line due to Trump tariff terrorism, stealing aluminum and other parts Ford makes the most cars in America than any other company

You have lost ability to think critically over worship of the Donald
You stupid democrats have no clue WTF you are typing about, its all TDS all the time.

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Wages increased over inflation which is down.
Jobs are beating expectations.
Tariffs are projected to bring in 300 billion a year. Thats enough to pay off the deficit.
Trump gave the working class the biggest tax cut in history opposed by every democrat as democrat approvals drop to 33%
The July jobs report showed nonfarm payrolls expanded by 73,000 last month, well beneath the consensus estimate from economists polled by Dow Jones that called for a 100,000 increase to payrolls. Prior months were significantly revised down. June job growth totaled just 14,000, down from 147,000. The May count came down to 19,000 from 125,000, signaling the labor market has been weakening for a while now.
 
Trump was handed a historic opportunity to rise up above his clown bulslhit and lead the country through tough times.

Very predictably he failed to be that man.
More Fauci flu deaths under Biden, with all this magic vaccines.

Man, he really sucked sweaty donkey balls.
 
You dont pay a tariff because you dont have to buy. Thats called leverage. The manufacturer must sell or go broke. That drives down prices. The manufacturer, the seller and importer pays.
“While investors have been viewing the commencement of the Fed cutting cycle as a positive catalyst for risk assets, today’s release is best characterized as ‘bad news is bad news’ in our view. With job creation at stall speed levels and the tariff headwind lying ahead, there’s a strong possibility of a negative payroll print in the coming months which may conjure up fears of a recession,” Jeffrey Schulze, head of economic and market strategy at ClearBridge Investments.

Not helping sentiment overnight were Trump’s updated duties ranging from 10% to 41% overnight at the Aug. 1 deadline. Goods that have been transshipped in a bid to avoid the tariffs will face another 40% levy, according to the White House.
 
With tariffs soon exceeding Smoot-Holley levels (which brought on a recession) it's no wonder the Dow is down about 650 points after the weak jobs number and downward revisions for prior months.
 
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“While investors have been viewing the commencement of the Fed cutting cycle as a positive catalyst for risk assets, today’s release is best characterized as ‘bad news is bad news’ in our view. With job creation at stall speed levels and the tariff headwind lying ahead, there’s a strong possibility of a negative payroll print in the coming months which may conjure up fears of a recession,” Jeffrey Schulze, head of economic and market strategy at ClearBridge Investments.

Not helping sentiment overnight were Trump’s updated duties ranging from 10% to 41% overnight at the Aug. 1 deadline. Goods that have been transshipped in a bid to avoid the tariffs will face another 40% levy, according to the White House.
Doom and gloom the democrats answer to success.
The tariffs will pay off the deficit in 4 years. as over 1 trillion is collected
Open markets will create jobs.
Increased manufacturing in America creates jobs.
GDP will increase
Government spending will be cut
Inflation is going down
Energy costs going down
Our economy is being converted from a Biden debt based government spending economy to a wealth based private sector economy.
 
GDP is growing at 3% inflation is down tariffs are a good thing
Tariffs are a good thing? Don't fool yourself, given that tariffs are good at the beginning but over time they bring more negatives than positives.

This is being shown today with all earnings and economic reports (including GDP) being positive and yet with Trump's announcement that the tariffs are now set (with the exception of Mexico, who has been given a 90-extension), the market has tanked.

The indexes sold off yesterday afternoon after the new all-time highs were made in both the SPX and the NASDAQ. Both of them were key negative reversals, having made the new all-time highs and then closing below Wednesday's lows. The SPX did it on Tuesday but with so many reports due out, it did not get confirmed. Yesterday and with META reporting killer earnings on Wednesday evening and opening 13% higher in price (and maintaining most of those gains), the negative key reversal in the NAZ is indicative.

Last night AAPL and AMZN reported earnings, and both came out better than expected but AAPL is only up 2% an AMZN is down 8% in the pre-opening prices today.

Here is the comment I gave to my subscribers this morning.

Trump announced his now set tariffs (with the exception of Mexico) and that has been the one strong negative this morning. He says these tariffs will now stick (won't be changed unless a deal is struck with the nation in play) an that has been the negative that caused the sell off yesterday and the much lower opening this morning. Since yesterday's high, the DOW has fallen 1600 points, the SPX has fallen 213 points and the NASDAQ100 has fallen 914 points.

The NASDAQ and the SPX have generated a key negative reversal, which normally signals that a high for this rally has been found and that a correction is now happening.

With all the positive earnings reports this week (META killed it and AAPL and AMZN came in much better than expected) and the GDP coming in at 3%, there was no fundamental reason for this selloff, other than the tariffs being considered a big negative.

From this moment on, the market will begin to show the real consequences (or benefits) of the tariffs. Having said that, this reaction suggests that the traders consider them a negative.
 
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