Author Topic: Trump prosperity update  (Read 25961 times)

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Offline Lt. Columbo

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Re: Trump prosperity update
« Reply #705 on: October 04, 2018, 05:39:34 PM »
Mas Rocio.  Ay que curvas y yo sin frenos!   Me encanta ella. 


Online Mornac

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Re: Trump prosperity update
« Reply #706 on: October 04, 2018, 06:06:00 PM »
I'm still not sure why you did not post an "Obama Prosperity Update" thread in 2008.  And here you are giving Trump credit for a trend ongoing since 2010.

--I guess you missed the Obama Recession Update that I posted last week.

Quote
BTW, if you source Reuters and the next day you cite LifeSite, that is just stupid.  Why would you source a reputable outlet and then choose a 4th tier website?  Makes no sense.

--I wouldn't call Reuters a "4th tier website". They're probably at least a 3rd tier and maybe even a 2nd tier website.

Online Mornac

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Re: Trump prosperity update
« Reply #707 on: October 05, 2018, 04:29:09 PM »
Job growth slumps in September, but the unemployment rate hits the lowest level since 1969

The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations.

Nonfarm payrolls rose just 134,000, well below estimates of 185,000 and the worst performance since last September, when a labor strike weighed on the numbers.

The closely watched average hourly earnings component showed a 2.8 percent year-over-year increase, in line with Wall Street estimates.

August's initial jobs count was revised up dramatically, from 201,000 to 270,000, while July's numbers came up as well, from 147,000 to 165,000.

Jeff Cox
10/05/2018

Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday.

Nonfarm payrolls rose just 134,000, well below Refinitiv estimates of 185,000 and the worst performance since last September, when a labor strike weighed on the numbers. The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations.

A separate measure of unemployment that includes discouraged workers and those holding jobs part-time for economic reasons — sometimes called the "real unemployment rate" — edged higher to 7.5 percent.

Unemployment among black Americans declined three-tenths of a point to 6 percent, slightly above its record low of 5.9 percent achieved in May.

The closely watched average hourly earnings component showed a 2.8 percent year-over-year increase, in line with Wall Street estimates. The average work week was unchanged at 34.5 hours.

"The labor market is in excellent shape heading into the end of 2018, perhaps the best it has been in 50 years," said Gus Faucher, chief economist at PNC. "Job growth was a bit softer in September, but some of that was from Hurricane Florence, and it should bounce back through the rest of 2018 and into 2019."

After the report, the 10-year Treasury yield climbed to the highest in seven years. Stock indexes edged higher at the open but soon turned negative.

Big August revision
August's initial count was revised up dramatically, from 201,000 to 270,000, while July's numbers came up as well, from 147,000 to 165,000. The revisions bring the three-month average growth to 190,000 while the 12-month average gain is 201,000.

Job gains for September were concentrated in professional and business services, which rose by 54,000. Health care saw 26,000 new positions while transportation and warehousing was up 24,000. Construction continued to show gains with 23,000, while new hires in manufacturing increased by 18,000 thanks to a gain in durable goods-related industries.

Leisure and hospitality represented the most significant decline, with 17,000 jobs lost, which the government said could have been attributable to Florence.

The decline in the unemployment rate did not come from a labor force shrinkage, as it has in past. In fact, the civilian labor force increased by 150,000 and the participation rate was unchanged at 62.7 percent.

Those counted as not in the labor force did increase by 74,000, bringing that number to nearly 96.4 million.

The data release comes amid an otherwise strong time for the U.S. economy, which grew at an average rate of 3.2 percent in the first half of the year and could post an increase north of 4 percent for the the third quarter.

Source

Offline SpaceCadet

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Online Hollybaere

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Re: Trump prosperity update
« Reply #709 on: October 13, 2018, 07:50:19 AM »
All truth passes through three stages:
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident.
� ARTHUR SCHOPENHAUER (1788-1860)
Dagon is an idiot!!

Those Who Sacrifice Liberty For Security, Deserve Neither- Benjamin Franklin

Online Mornac

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Re: Trump prosperity update
« Reply #710 on: October 16, 2018, 05:54:27 PM »
Dow jumps more than 500 points, posts best day since March as earnings fuel rally

Morgan Stanley reported better-than-expected earnings, along with Dow-members Goldman Sachs, Johnson & Johnson and UnitedHealth.

"We were overly worried about the economy at the start of October," says Kim Forrest of Fort Pitt Capital. "I think the bar has been set pretty low by sell-side analysts."

With Tuesday's sharp gains and following a rally on Friday, the Dow has risen 3 percent from the lows seen last week.

Fred Imbert
Oct 16, 2018

Stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S. companies helped the market recover from last week's sell-off.

The Dow Jones Industrial Average surged 547.87 points to 25,798.42, with UnitedHealth outperforming. The S&P 500 gained 2.1 percent to 2,809.92 as the tech and health care sectors jumped more than 2.5 percent each. The Nasdaq Composite advanced 2.9 percent to 7,645.49. The major large-cap indexes all had their best day since March. The Russell 2000 index, which tracks small-cap stocks, jumped 2.8 percent and had its best day since Nov. 9, 2016.

With Tuesday's sharp gains and following a rally on Friday, the Dow has risen 3 percent from the lows seen last week.

Morgan Stanley jumped 5.7 percent after reporting better-than-expected earnings. Goldman Sachs' profits also beat estimates, sending the stock up 3 percent. Dow-members Johnson & Johnson and UnitedHealth both posted better-than-expected earnings, sending their shares higher.

Sourcel

Online RealityHasALiberalBias

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Re: Trump prosperity update
« Reply #711 on: October 16, 2018, 06:04:14 PM »
So what, recidivist Catholic sect member?

What is economic significance of this? You have TRUTH. You ought to able more than just post random bullshit. Show us some recidivist Catholic sect analysis.

Online Mornac

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Re: Trump prosperity update
« Reply #712 on: October 16, 2018, 06:14:15 PM »
So what, recidivist Catholic sect member?

What is economic significance of this? You have TRUTH. You ought to able more than just post random bullshit. Show us some recidivist Catholic sect analysis.
--It's just a prosperity update. You can analyze it any way you want.

Online RealityHasALiberalBias

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Re: Trump prosperity update
« Reply #713 on: October 16, 2018, 06:31:12 PM »
--It's just a prosperity update. You can analyze it any way you want.

I asked you to analyze it. What does the stock market have to do with "prosperity?"

You don't know but you also are dishonest so you would never admit that. You know as much about economics as you know about brain surgery.

Why don't you find a brain surgeons' forum and post your recidivist Catholic sect bullshit there?

Online Mornac

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Re: Trump prosperity update
« Reply #714 on: October 16, 2018, 06:45:21 PM »
I asked you to analyze it. What does the stock market have to do with "prosperity?"
--When the markets are up it means that people are making money. Making money=prosperity.

Quote
You don't know but you also are dishonest so you would never admit that. You know as much about economics as you know about brain surgery.

Why don't you find a brain surgeons' forum and post your recidivist Catholic sect bullshit there?
--I rather like it where I'm at.

Offline SpaceCadet

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Re: Trump prosperity update
« Reply #715 on: October 16, 2018, 06:46:30 PM »
Dow jumps more than 500 points, posts best day since March as earnings fuel rally

Morgan Stanley reported better-than-expected earnings, along with Dow-members Goldman Sachs, Johnson & Johnson and UnitedHealth.

"We were overly worried about the economy at the start of October," says Kim Forrest of Fort Pitt Capital. "I think the bar has been set pretty low by sell-side analysts."

With Tuesday's sharp gains and following a rally on Friday, the Dow has risen 3 percent from the lows seen last week.

Fred Imbert
Oct 16, 2018

Stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S. companies helped the market recover from last week's sell-off.

The Dow Jones Industrial Average surged 547.87 points to 25,798.42, with UnitedHealth outperforming. The S&P 500 gained 2.1 percent to 2,809.92 as the tech and health care sectors jumped more than 2.5 percent each. The Nasdaq Composite advanced 2.9 percent to 7,645.49. The major large-cap indexes all had their best day since March. The Russell 2000 index, which tracks small-cap stocks, jumped 2.8 percent and had its best day since Nov. 9, 2016.

With Tuesday's sharp gains and following a rally on Friday, the Dow has risen 3 percent from the lows seen last week.

Morgan Stanley jumped 5.7 percent after reporting better-than-expected earnings. Goldman Sachs' profits also beat estimates, sending the stock up 3 percent. Dow-members Johnson & Johnson and UnitedHealth both posted better-than-expected earnings, sending their shares higher.

Sourcel

The DOW had lost 1378 points last week.  So the actual "prosperity" update is that it's not as bad now as it was.

Online Mornac

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Re: Trump prosperity update
« Reply #716 on: October 16, 2018, 06:49:56 PM »
The DOW had lost 1378 points last week.  So the actual "prosperity" update is that it's not as bad now as it was.
--It's better now than it was last week - that's true. And it's better this year than it was last year - that's also true. And it's better now than it was during the Obama recession - undeniably true.

Offline Lt. Columbo

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Re: Trump prosperity update
« Reply #717 on: October 16, 2018, 07:06:44 PM »
Um, um, do you know what a recession is?  It is 2 consecutive quarters of negative GDP.  There was no Obama recession.  The DOW tripled under Obama, so the economy must have been roaring according to your logic.  I still do not have an answer why you did not post an Obama Prosperity Thread.  Of course, the real reason is that he is a black man.   ::)

https://www.thebalance.com/what-has-obama-done-11-major-accomplishments-3306158
1. Ended the 2008 Recession
In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in July when GDP growth turned positive. In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

Online RealityHasALiberalBias

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Re: Trump prosperity update
« Reply #718 on: October 16, 2018, 07:38:48 PM »
--It's better now than it was last week - that's true. And it's better this year than it was last year - that's also true. And it's better now than it was during the Obama recession - undeniably true.

???

Why? What difference does it make what number the DOW is at?

You don't know. You have no clue.

Online RealityHasALiberalBias

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Re: Trump prosperity update
« Reply #719 on: October 16, 2018, 07:42:37 PM »
Um, um, do you know what a recession is?  It is 2 consecutive quarters of negative GDP.  There was no Obama recession.  The DOW tripled under Obama, so the economy must have been roaring according to your logic.  I still do not have an answer why you did not post an Obama Prosperity Thread.  Of course, the real reason is that he is a black man.   ::)

https://www.thebalance.com/what-has-obama-done-11-major-accomplishments-3306158
1. Ended the 2008 Recession
In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in July when GDP growth turned positive. In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

The recidivist Catholic sect member has no idea what he even thinks he is talking about. The DOW's only relevance is that it is a leading indicator because it reflects expectations.

But the recidivist Catholic has no idea what that means. None of the morons here have any clue.