Page 7 of 7 FirstFirst ...
5
6
7
  1. #121
    The Unstoppable Force Ghostpanther's Avatar
    Join Date
    Dec 2012
    Location
    USA, Ohio
    Posts
    20,378
    Quote Originally Posted by Vash The Stampede View Post
    So the Dow and S&P500 are at their all time high and people are celebrating because...? You guys know what a bubble is right? That bubble has to pop at some point, along with one hell of a recession to go with it. Sales are down all over the place, retail stores are closing left and right, and the auto industry is ready to collapse. Yet somehow the Dow and S&P are up. I wouldn't be crediting Trump or Obama just yet.
    Consumer confidence is another indicator of how the economy is doing. You know, the ones who are spending their money on goods.

    The constitutions of most of our States assert that all power is inherent in the people; that… it is their right and duty to be at all times armed.” - Thomas Jefferson.

    If I do not respond to your post directed at myself, there will be three reasons. 1. You are on my ignore list. 2. You did not make a post I felt was worthy of a response. 3. I simply never saw it, as I do not dig thru posts if I been offline for a while.

  2. #122
    Quote Originally Posted by Ghostpanther View Post
    Consumer confidence is another indicator of how the economy is doing. You know, the ones who are spending their money on goods.

    [IMG]https://www.advisorperspectives.com/dshort/charts/356e87b1d97ed34bdc530dda9cb0dc9a59677d45.png[/IG]
    Nothing like showing a graph based on feelings.

    Dontrike/Shadow Priest/Black Cell Faction Friend Code - 5172-0967-3866

  3. #123
    Over 9000! Vash The Stampede's Avatar
    Join Date
    Sep 2010
    Location
    Better part of NJ
    Posts
    9,613
    Quote Originally Posted by Ghostpanther View Post
    Consumer confidence is another indicator of how the economy is doing. You know, the ones who are spending their money on goods.

    Facts are facts, but that isn't a fact. I don't even know what to label that. Consumers might buy stuff graph? Meanwhile Amazon is moving into malls to setup shop since they're responsible for closing down a lot of stores in there. The shit will hit the fan around holiday season, because that's when retail expects to pick up their lost sales. It won't happen because people are broke and at max debt.


  4. #124
    Quote Originally Posted by Ghostpanther View Post
    Consumer confidence is another indicator of how the economy is doing. You know, the ones who are spending their money on goods.
    Consumer confidence was also very high before the 2008 financial crisis, we call them dumb money because they are the last to know when the market is crashing. The joke on the street as always been when the lemmings start pilling in the market it's time to get out. The economy will cool and the market will crash the US simply doesn't have the regulatory structure to keep markets stable forever sadly.

  5. #125
    The Unstoppable Force Ghostpanther's Avatar
    Join Date
    Dec 2012
    Location
    USA, Ohio
    Posts
    20,378
    Quote Originally Posted by Draco-Onis View Post
    Consumer confidence was also very high before the 2008 financial crisis, we call them dumb money because they are the last to know when the market is crashing. The joke on the street as always been when the lemmings start pilling in the market it's time to get out. The economy will cool and the market will crash the US simply doesn't have the regulatory structure to keep markets stable forever sadly.
    True. But then it went down because of the crisis. As the chart shows. So it is a reflection of how the consumers feel about the economy never the less. At the moment, people have confidence in the economy overall. And this is not info gathered from a poll, but actual consumer spending.

    - - - Updated - - -

    Quote Originally Posted by Vash The Stampede View Post
    Facts are facts, but that isn't a fact. I don't even know what to label that. Consumers might buy stuff graph? Meanwhile Amazon is moving into malls to setup shop since they're responsible for closing down a lot of stores in there. The shit will hit the fan around holiday season, because that's when retail expects to pick up their lost sales. It won't happen because people are broke and at max debt.
    Meanwhile, job growth has been doing well this year. You know, the companies which are doing well enough to hire people. Companies can go bankrupt for a variety of reasons. One major factor is a shift in what the consumer desires.
    The constitutions of most of our States assert that all power is inherent in the people; that… it is their right and duty to be at all times armed.” - Thomas Jefferson.

    If I do not respond to your post directed at myself, there will be three reasons. 1. You are on my ignore list. 2. You did not make a post I felt was worthy of a response. 3. I simply never saw it, as I do not dig thru posts if I been offline for a while.

  6. #126
    Quote Originally Posted by Ghostpanther View Post
    True. But then it went down because of the crisis. As the chart shows. So it is a reflection of how the consumers feel about the economy never the less. At the moment, people have confidence in the economy overall. And this is not info gathered from a poll, but actual consumer spending.
    Consumer confidence is different from consumer spending that's another metric, also we always have some kind of crisis that is due to our lack of regulations. We aren't lacking in terms of things that could combine for the next one dark pools, student and car debt heck even credit default swaps are back in style that's not even going into global catalysts such as China and EU. This administration with the democrats help has gone on a deregulation binge even Dodd-Frank which was already weak has been gutted further.
    Last edited by Draco-Onis; Yesterday at 01:18 PM.

  7. #127
    The Unstoppable Force Ghostpanther's Avatar
    Join Date
    Dec 2012
    Location
    USA, Ohio
    Posts
    20,378
    Quote Originally Posted by Draco-Onis View Post
    Consumer confidence is different from consumer spending that's another metric, also we always have some kind of crisis that is due to our lack of regulations. We aren't lacking in terms of things that could combine for the next one dark pools, student and car debt heck even credit default swaps are back in style that's not even going into global catalysts such as China and EU. This administration with the democrats help has gone on a deregulation binge even Dodd-Frank which was already weak has been gutted further.
    Well, that is up also.
    The constitutions of most of our States assert that all power is inherent in the people; that… it is their right and duty to be at all times armed.” - Thomas Jefferson.

    If I do not respond to your post directed at myself, there will be three reasons. 1. You are on my ignore list. 2. You did not make a post I felt was worthy of a response. 3. I simply never saw it, as I do not dig thru posts if I been offline for a while.

  8. #128
    Quote Originally Posted by Ghostpanther View Post
    Well, that is up also.
    You kind of missed the gist of it markets and economies don't go up forever and we have a lot of risks some of our own making others we have no control over.

  9. #129
    The Unstoppable Force Ghostpanther's Avatar
    Join Date
    Dec 2012
    Location
    USA, Ohio
    Posts
    20,378
    Quote Originally Posted by Draco-Onis View Post
    You kind of missed the gist of it markets and economies don't go up forever and we have a lot of risks some of our own making others we have no control over.
    I am no expert on the economy. That is for sure. But overall, it looks pretty damn good to me and if this is still the case in Nov. 2020? It is going to help Trump. So if the bubble is going to burst, then for the democrats, they better hope it happens before then.
    The constitutions of most of our States assert that all power is inherent in the people; that… it is their right and duty to be at all times armed.” - Thomas Jefferson.

    If I do not respond to your post directed at myself, there will be three reasons. 1. You are on my ignore list. 2. You did not make a post I felt was worthy of a response. 3. I simply never saw it, as I do not dig thru posts if I been offline for a while.

  10. #130
    Quote Originally Posted by Ghostpanther View Post
    I am no expert on the economy. That is for sure. But overall, it looks pretty damn good to me and if this is still the case in Nov. 2020? It is going to help Trump. So if the bubble is going to burst, then for the democrats, they better hope it happens before then.
    As I stated before Donald Trump ran against a strong economy and did just fine the reason is because the average person hasn't felt the recovery. The jobs that are created under Trump are identical to the ones under Obama (not high paying), also the economy was great in 2018 Trump and the GOP still took a bath.

  11. #131
    Quote Originally Posted by Draco-Onis View Post
    As I stated before Donald Trump ran against a strong economy and did just fine the reason is because the average person hasn't felt the recovery. The jobs that are created under Trump are identical to the ones under Obama (not high paying), also the economy was great in 2018 Trump and the GOP still took a bath.
    I am not sure how to reconcile your "the average person hasn't felt the recovery" with the fact that the majority of US citizens think that Trump's economy is doing well.

    Example piece:

    Americans feel good about economy and give Trump credit — CBS News poll
    https://www.cbsnews.com/news/america...cbs-news-poll/


  12. #132
    Give Trump credit for what?

  13. #133
    The Unstoppable Force Mayhem's Avatar
    Join Date
    Feb 2008
    Location
    pending...
    Posts
    20,004
    Quote Originally Posted by Blur4stuff View Post
    Give Trump credit for what?
    Staying alive on a healthy diet of cheeseburgers and diet coke?
    Quote Originally Posted by ash
    So, look um, I'm not a grief counselor, but if it's any consolation, I have had to kill and bury loved ones before.

    A bunch of times actually.

  14. #134
    Quote Originally Posted by Blur4stuff View Post
    Give Trump credit for what?
    Pretty much this. Since pretty much all the companies that are boosting the stock market (especially in 2018) are blue states companies.

  15. #135
    Quote Originally Posted by Ghostpanther View Post
    I am no expert on the economy. That is for sure. But overall, it looks pretty damn good to me and if this is still the case in Nov. 2020? It is going to help Trump. So if the bubble is going to burst, then for the democrats, they better hope it happens before then.
    Overall it looks exactly like 2014-2017...

    But of course you and your clan called those the worst economic years ever
    ...

  16. #136
    Over 9000! Vash The Stampede's Avatar
    Join Date
    Sep 2010
    Location
    Better part of NJ
    Posts
    9,613
    Quote Originally Posted by Ghostpanther View Post
    Meanwhile, job growth has been doing well this year. You know, the companies which are doing well enough to hire people. Companies can go bankrupt for a variety of reasons. One major factor is a shift in what the consumer desires.
    Where are you getting this information?

  17. #137
    Woo short-term gains!

  18. #138
    The Unstoppable Force Ghostpanther's Avatar
    Join Date
    Dec 2012
    Location
    USA, Ohio
    Posts
    20,378
    Quote Originally Posted by Vash The Stampede View Post
    Where are you getting this information?
    From the actual job growth report. https://www.thebalance.com/jobs-repo...istics-3305732

    The U.S. economy gained 224,000 jobs in June 2019, according to the U.S. Bureau of Labor Statistics. There were strong jobs gains across the board.

    And yes, there were some job losses. But not as much as the gains where.
    The constitutions of most of our States assert that all power is inherent in the people; that… it is their right and duty to be at all times armed.” - Thomas Jefferson.

    If I do not respond to your post directed at myself, there will be three reasons. 1. You are on my ignore list. 2. You did not make a post I felt was worthy of a response. 3. I simply never saw it, as I do not dig thru posts if I been offline for a while.

  19. #139
    Quote Originally Posted by Ghostpanther View Post
    From the actual job growth report. https://www.thebalance.com/jobs-repo...istics-3305732

    The U.S. economy gained 224,000 jobs in June 2019, according to the U.S. Bureau of Labor Statistics. There were strong jobs gains across the board.

    And yes, there were some job losses. But not as much as the gains where.
    My biggest complaint is not the number of added jobs but its spending power vs cost increases. Inflationary measures and the like withstanding of course. As someone who works in finance the upper crust is doing very well actually very well along with some smart people who have asset managers but the common person seems to be struggling in the long term.

    That is why i discount gig jobs/work as they do not provide a pathway to upward mobility if it is the sole job someone works. I am looking forward to more FED reports about median income and the like as i feel that is far more telling then if Wal-Mart added some jobs if you get what i am saying.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •