Current Topics
equal rights amendment
by jgw
22 minutes 10 seconds ago
Returning rationality to public policy
by Jeffery J. Haas
44 minutes 8 seconds ago
Illinois celebrates first official 'Barack Obama Day'
by logtroll
Today at 04:54 PM
Despicable, lying liars turning on each other
by NW Ponderer
Yesterday at 08:55 PM
The Passing Parade: Obituaries: 2018
by pondering_it_all
Yesterday at 05:22 AM
Things not considered much
by pondering_it_all
08/12/18 11:22 PM
Ohio 12 and Kansas Governor
by Greger
08/12/18 02:03 AM
Jonah Goldberg: Farce as Tragedy
by Greger
08/12/18 01:40 AM
Historic Corruption
by rporter314
08/08/18 07:45 PM
Trump's legal woes
by rporter314
08/08/18 06:21 PM
Round Table for August, 2018
by pondering_it_all
08/08/18 07:33 AM
Lt. Joe Kenda Is Still Adjusting to Being the (Giant) Face of a TV Network
by Golem
08/07/18 11:05 PM
The moral case for removing the President
by rporter314
08/07/18 01:32 PM
KFC chooses 'Seinfeld' star Jason Alexander as newest 'Colonel Sanders'
by pondering_it_all
08/07/18 04:26 AM
Teenager at San Diego Padres Game Mortified as Mom Starts Dancing in the Stands
by pondering_it_all
08/05/18 11:57 PM
Russell Hantz on Australian Survivor
by Jeffery J. Haas
08/05/18 05:51 PM
Mueller's Trial Run
by NW Ponderer
08/05/18 04:06 PM
John Stossel: The War on Tipping
by Greger
08/05/18 02:46 AM
Happy Birthday, United States Coast Guard
by Golem
08/04/18 07:01 PM
Ghost guns
by Jeffery J. Haas
08/04/18 05:53 PM
Forum Stats
6248 Members
58 Forums
16339 Topics
281298 Posts

Max Online: 294 @ 12/06/17 12:57 AM
Google Adsense
Topic Options
#307739 - 07/30/18 06:58 PM the economy
jgw Online   content
enthusiast

Registered: 05/22/06
Posts: 2053
Loc: Port Angeles, WA
I have been preaching, for some time, that the economy of the jackass will fail. Here is a link to some charts:
http://time.com/money/5290948/stock-market-2018-7-investing-charts/

Basically, its starting to fail. Its down 1.2% since the first of this year and has been waaay too volatile. Its virtually impossible to time the market but there are long time trends and this one seems to be on a down curve. If you can't afford to hold on through a downturn I would suggest you get out right now.

The reason I am posting this is because I have had waay too many friends who get out when it hits bottom and never get in again so they just lose their money. Remember, its a veritable surety that if its behaving this way during a Republican administration, we are going to have an economic downturn as this this seems to be an historic fact.

Just saying............



Edited by jgw (07/30/18 07:00 PM)

Top
#307743 - 07/31/18 10:12 AM Re: the economy [Re: jgw]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 16098
I had been meaning to address this over the last week of Trump crowing about economic numbers. Virtually everything he has taken credit for are what are known in economics as "trailing indicators". In other words, the trends her takes credit for have largely nothing to do with Trump policies. This time last year, the New York Times published the story,The Markets Are Up, Unemployment Is Down.
How Much Credit Should Trump Get?
(NYT, subscription). Then, as now, the answer remains, "largely, none." The full story on Trump's 'economic turnaround' - CNN. The upshot? Like most every pronouncement of Trump, it is mostly misdirection and downright prevarication. Fact Check: More lies, false claims by Trump - Capitol Hill Blue.

It's basically still Obama's economy he's taking credit for. As you've noted, when Trump's economy kicks in, we're headed for a fall. A big one.
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

Top
#307744 - 07/31/18 02:04 PM Re: the economy [Re: jgw]
Ujest Shurly Offline
newbie

Registered: 10/16/16
Posts: 323
Loc: Sterling Heights, MI, USA
Just chumming the waters...


The chum ... MSN
_________________________
Vote 2018; give meaning and honor to those who made sure you have the right to vote.

Life is like a PB&J sandwich
The older you get, the moldery and crustier you get.

Now, get off my grass!

Top
#307745 - 07/31/18 03:31 PM Re: the economy [Re: Ujest Shurly]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 16098
Here's how the Trump economy works: Trump weighs big tax cut for rich: report - THE HILL. Note, this is intended to be a unilateral gift, not going through Congress.
Quote:
Treasury Secretary Steven Mnuchin at a recent G-20 meeting in Argentina said if the tax cut can't be done through Congress, the administration will "look at what tools" are necessary to consider the move.

"If it can't get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we'll consider that," Mnuchin said. "We are studying that internally, and we are also studying the economic costs and the impact on growth."
The problem, of course, is that it has already been studied: Indexing Capital Gains to Inflation - the Wharton School.
Quote:
Our analysis suggests that this policy would cost $102 billion dollars over the next decade. While high-income households would benefit most, the share of taxes paid by AGI would not change meaningfully.

Top
#307746 - 07/31/18 08:55 PM Re: the economy [Re: NW Ponderer]
rporter314 Offline
old hand

Registered: 03/18/03
Posts: 6447
Loc: Highlands, Tx
Quote:
when Trump's economy kicks in, we're headed for a fall
and that is where you are wrong. Mr Trump has taken credit for the gift from Pres Obama but when his economy tanks he will turn it back over to Pres Obama.

Do you not understand how narcissism works? grin
_________________________
ignorance is the enemy
without equality there is no liberty

Top
#307747 - 07/31/18 09:49 PM Re: the economy [Re: rporter314]
Greger Offline

Pooh-Bah

Registered: 11/24/06
Posts: 14087
Loc: Florida
Quote:
we're headed for a fall


Boy Howdy are we ever.

Everybody in the world except Republicans knows this. World leaders are talking behind our backs now, making plans without us...we're not cool anymore. Just like us, they know that, along and along, the grits are gonna hit the pan.

Trump has said and done a lot of really awful stuff. But so far nothing that has really roiled the markets. Business is ticking along as usual in spite of Mr. Trump. The world is holding its breath. A favorable turnout for Democrats in November would render him virtually powerless. Otherwise everybody has to wait until 2020. If we don't correct this mistake by then, things might get really dicey...This is like slowly clacking up the tallest roller coaster in the universe...

Such a ride...good times, eh?
_________________________
"Be yourself; everyone else is already taken." Oscar Wilde

Top

Who's Online
0 registered (), 29 Guests and 2 Spiders online.
Key: Admin, Global Mod, Mod
Newest Members
TrentonP, Nosf50, erumonej, Jensen Breck, Albertapkr
6248 Registered Users
A2