It seems to me that it's hard for Trump to be making America "great" again, if his economy is under-performing Obama's economy.
As of yesterday, the DJI has only 24.64% of its gains since that date, representing a loss of roughly a third of its gains.
The Republican pundit class is lying right into our faces, pouring falsehoods and delusions right onto the heads of the tens of millions of Americans so desperate to believe in the infallibility of their political movement that they believe everything that they're told.
By all objective measures, the economy generated fewer jobs in 2017 than the previous 3 years. This isn't political punditry, it's merely a statement of fact.
With the end of easy money, and the Federal Reserve looking to balance their books, there may be a tightening of capital in the very near future as that $4.5 trillion tab gets cleared.
GDP GROWTH DATA The GDP Growth Rate for 2017 Quarter 1 was officially 1.4%, considerably below the 15-year mean, which includes the 2007-2008 recession that makes that number considerably easier to beat. The 4-year trend from 2013 through Quarter 1 of this year continues to show a downward trend, though 2013 and 2014 were the... Continue Reading →
The economy has been moving upward since about 2015, but, from a purely political standpoint, much of this growth could be attributed to the general impression that the political winds were going to change in Washington.
The latest helping of government data on jobs and the economy are remarkably rosy, but there are more than a few dark clouds surrounding the silver linings.
As we look toward the end of the year and the 4th Quarter, the change in political leadership could change the economic landscape, depending on how quickly the Congress and White House can enact whatever policy they plan on pushing forward.
With the election upcoming, we've no choice but to wait and see if the bubble economy bursts before or after the election.
Coupled with a broad base slow down in production and construction, we still appear on track for a recession starting in 3rd quarter or 4th quarter 2016, though it does not appear to be a traditional recession.
The primary drivers for 3rd Quarter or 4th Quarter economic downturn in the United States remain driven by domestic policies.
The bottom line is that while the jobs number for June seems strong, it is accompanied by enough asterisks that excitement over it should be well tempered.
A recession is still indicated by Q3 of 2016, as the economy looks to be softening under the continued weight of the Obama Administration regulatory regimen.
There are three big reports on the economy to talk about this month, including the latest Federal Reserve meeting which occurred in the mid-March. Let's get straight to the latest release from the Bureau of Economic Analysis. Real gross domestic product .. increased at an annual rate of 1.4 percent in the fourth quarter of... Continue Reading →
Producers are betting against near term demand so keeping inventories low to avoid depreciation and choosing to stay liquid.
The latest economic report from the Bureau of Economic Analysis came out on January 29th, 2015, and there is simply no spinning it. Real gross domestic product... increased at an annual rate of 0.7 percent in the fourth quarter of 2015... A 0.7% GDP growth for Quarter 4 (October-December) is not only poor, short of actual negative numbers,... Continue Reading →