The Dumpsterfire Economy

[whell]

Originally Posted by Rajoo

Neither, I am a print journalism supporter. Started working in the printing industry part time while in undergraduate school so am partial.

Now for some great news,

This is probably because of a profit agreement UAW made with GM for the wage concessions they made. Either way good for the workers.

Now the Dotard will claim all of the credit. Yes part of the profits are from the tac cuts but the main reason for UAW to be in this position is because of Obama's bailout of GM from which the US government made a tidy profit. But I am sure these details will be forgotten.

This is from whell's home town paper, hope i beat him to it.

https://www.freep.com/story/money/ca...8-b/309855002/

Just another anecdote if you ask Finn.

Yes, the profit sharing bonuses have been around a while - I think they go back to the mid - late '80's. The average payment is about $2100 or so, so profit sharing checks over $10,000 are relative whoppers.

[Rajoo]

Trump said he’d shrink the trade deficit with China. It just hit a record high.

Release of the new trade figures came one week after the president boasted in his State of the Union address that the United States had “finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs, and our nation’s wealth.”

FAKE NEWS, BENGHAZI, TRUMP HATERS, FAILING NEWS, OBAMA, NANCY & CHUCK, WITCH HUNT, COMEY, MC_CABE, MUELLER, HILLARY, ...............am I getting warm yet?

This is to hide the bad news, shout it down.

https://www.washingtonpost.com/news/...=.5f01125d2cd0

[whell]

Originally Posted by Rajoo

Trump said he’d shrink the trade deficit with China. It just hit a record high.

FAKE NEWS, BENGHAZI, TRUMP HATERS, FAILING NEWS, OBAMA, NANCY & CHUCK, WITCH HUNT, COMEY, MC_CABE, MUELLER, HILLARY, ...............am I getting warm yet?

This is to hide the bad news, shout it down.

https://www.washingtonpost.com/news/...=.5f01125d2cd0

The bitchers are gonna bitch. Would you prefer Obama's and geithner's claim that high unemployment and low wage growth as the "new normal"?

[Chicks]

Whell no doubt missed the Ryan reference. Doubt it was mentioned by his “news” sources. Clueless, indeed.

[Chicks]

Donald J. Trump
@realDonaldTrump
In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
6:59 AM · Feb 7, 2018

WTF? Sigh.

[Rajoo]

For the Dotard, money and economics has never been his strong suit and why he had to declare bankruptcy frequently. Here is a very informative article, doubt the dotard has the attention span even if some one explained to him what is going on. I very mucn doubt that this swing is temporary nor the uptick yesterday real. Seemed more like a market manipulation than an adjustment though it did make whell happy. Chances are whatever whell pay ckeck will go up by will be more than swallowed up by higher interest rates and inflation.

The Era of Easy Money Is Ending, and the World Is Bracing for Shocks

Higher rates diminish speculation that can end badly by making credit more expensive. They slow economic growth while making stocks less appealing, because corporations must pay more to keep up with their debts. Investors can make more just by keeping their holdings in cash or bonds, rather than by accepting the higher risk of stocks.

The bitter irony of the current swoon is that it was triggered by the emergence of something the world has been awaiting for years: higher wages for workers.

Sad but true. Better to have stable prices and low inflation rather than raising wages.

Also with the rising employment rates, the treasury revenues also increases and spending it on tax cuts was wasteful. If it could have been reinvested by spending on infrastructure, this would have continued to increase employment and sustained increased tax revenue. As it stands now, tax revenues are substantially reduced, the money given back to corporations and the wealthy will never see the light of day in the economy and as such is permanently squandered.

Expect states and local governments to start hurting again.

https://www.nytimes.com/2018/02/06/b...T.nav=top-news

[Pio1980]

If I had been offered $1300 to vote the Trump ticket, I would have turned it down.

[Rajoo]

It cost me $61+ for a fill up yesterday, quite a shock. Been under $55 for quite some time. Had not had to fill up in over two weeks so did not see the prices creep up. There goes the big fat raise that I had given myself from Trump tax cuts.

Of course I will be net negative in a big way since my property tax write off has been capped.

[Chicks]

Originally Posted by Rajoo

Of course I will be net negative in a big way since my property tax write off has been capped.

Yes, hopefully this will be a huge issue for the likes of Devin Nunes and his hateful ilk. Assuming voters who elected them have any sense whatsoever, which is unlikely.

[Rajoo]

Originally Posted by Chicks

Yes, hopefully this will be a huge issue for the likes of Devin Nunes and his hateful ilk. Assuming voters who elected them have any sense whatsoever, which is unlikely.

Just looked at Nunes district map and not very hopeful that he will be ousted. Most home owners in CA, especially in the coastal areas can perhaps afford their mortgage payments only because of property tax deductions. Guess they won't feel the impact till 2019 April and by then may have happily spent their windfall from reduced taxes.