Posted on 07/01/2019 8:43:30 AM PDT by Olog-hai
The U.S. economy broke a record for its longest expansion ever Monday.
Economic expansion has continued for more than 10 years. Growth is now in its 121st month since the Great Recession ended in June 2009, according to the National Bureau of Economic Research.
The economy set its previous 120-month record between March 1991 and March 2001. That growth period ended after the dot com bubble burst.
The rate of growth, however, has been slower than during other periods of economic expansion. For example, during that previous record-holding period in the 90s, the average growth was 3.6 percent per year. The 10 previous economic expansions, going back to World War II, averaged a 4.3 percent. But this current expansion period has averaged just 2.3 percent growth per year.
As of the first quarter, U.S. GDP grew 3.1 percent. …
(Excerpt) Read more at foxbusiness.com ...
“Economic expansion has continued for more than 10 years.”
Bull. Who is doing the math?
Doing fine here. I’m not rich but had 20 bucks to my name in 2003.
Hard work and maturity does wonders.
We were hobbled throughout the Kenyanesian Usurpation.
Just look at the Dow Jones chart from 2009-2019.
It took off when Trump was elected.
Also notice how that time period covers most of Obama’s term. Propaganda at its finest. Things were really sliding before Trump got in.
I’ve got 12 years in this market and am up a solid 12 points.
And so the spin on the single biggest election year issue has begun.
19,000 to 27,000
All Americans haven’t benefitted (sic) from the growth equally, according to Steven Pressman, a Colorado State University economics professor who focuses on income inequality. …Fox Business now sounding like MSNBC or CNN.
It started going up right after election day, before he even took office, I think it was at ~18,000 on election day.
Other than the prime time and morning opinion shows, Fox News and Fox Business are indistinguishable from any other outlet of the Ministry of Propaganda.
Correct, the fed favored the usurper with zero interest rates for his entire usurpation.
I went all in.
100% high risk. No regrets.
It was worse than that - all the money the Fed pumped into the stock market through the “too big to fail” banks that owned our politicians will have to be paid back by “we the people”. Our children will pay for the “Obama stock-market” long after we are dead.
If you remove the “money pump” during the Obama years, his economic record is abysmal. Everything he touched was crap as expected for a government driven stimulus.
Trump has been brilliant. He was right. The legions of “experts” were wrong.
I was on hold in bonds for the entire usurpation, I went in 50%, wish I’d gone all in.
It’s a scary thing with all your savings.
Remember Black Friday in 1987 and use it as a guide.
There is a time and place for winners of the rise and winners of the fall.
You are correct, the pump priming by Fedzilla from his criminal “stimulus” to his cash for clunkers and the bank bailouts and GM and endless Crimenibus bills stuffed with pork was so egregious, we will be paying for the Kenyanesian Usurpation for generations.
That is, if we keep our country......
They’ve been drifting left for quite a while.
Obamacare killed the economy more than anything IMHO.
For years literally, companies did not expand because of the cost of heath care.
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