Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Opinion: Six myths about the U.S. economy that are just plain wrong [WAGES & GROWTH UP, DEBT DOWN]
Market Watch ^ | Aug 18, 2016 10:56 a.m. ET | Michael Brush

Posted on 08/19/2016 3:47:51 AM PDT by expat_panama

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-49 next last
To: bert
The Obama economic numbers are of no value as indicators except to know they are fraudulent Trump will be faced with producing good numbers that shoe that he caused the economy to fail his first day

The first thing Trump needs to do is order that Obama's lying numbers be corrected back to what they should have been without Obama's deliberate manipulation.

We need to make certain that it goes down in History that the man was both a liar and a disaster.

21 posted on 08/19/2016 5:52:10 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
[ Post Reply | Private Reply | To 12 | View Replies]

To: tbw2
When actual prices have gone up 1% more than inflation per year for 20 years, that slow to no wage growth equals a slow economic squeeze as prices rise faster than income - now 20% higher than they were a generation ago.

It is my observation that the price of items I commonly buy has doubled since 2008.

The inflation rate is far greater than has been reported, and one of the reasons is because the corrupt Obama administration immediately removed food and fuel from inflation calculations.

22 posted on 08/19/2016 5:53:57 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
[ Post Reply | Private Reply | To 14 | View Replies]

To: Sequoyah101
Wages are NOT growing, inflation is for things people need like food...

Don't forget that every single U.S. factory has been removed and shipped overseas.

23 posted on 08/19/2016 5:54:53 AM PDT by expat_panama
[ Post Reply | Private Reply | To 16 | View Replies]

To: DiogenesLamp

yep...


24 posted on 08/19/2016 5:55:56 AM PDT by bert ((K.E.; N.P.; GOPc;WASP .... We Frack for Peace)
[ Post Reply | Private Reply | To 21 | View Replies]

To: rollo tomasi
...21 States raised the minimum wage...

--and that's a guaranteed way of raising wages.  Just imagine if the gov't started shooting any business owner w/ employees paid less than $100 per hour --whoa, average wages would soar!

25 posted on 08/19/2016 6:00:08 AM PDT by expat_panama
[ Post Reply | Private Reply | To 15 | View Replies]

To: expat_panama

Just the other day I heard from two hundred folks who got fired.

So waddya gonna do...


26 posted on 08/19/2016 6:03:56 AM PDT by Jack Hammer
[ Post Reply | Private Reply | To 20 | View Replies]

To: glyptol

Wages in the private university sector were flat for 20 years (about 1%) and we grew faster than public universities. Wages in the film industry (when you can get a job) are terrible-—but still too high to prevent foreign sources from taking all the work. (See the on-line documentary “Life After Pi” about the Academy Award winning house that did “Life of Pi” then went out of business).


27 posted on 08/19/2016 6:19:05 AM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
[ Post Reply | Private Reply | To 19 | View Replies]

To: expat_panama

The economy sucks. This punk fake journalist can spin it any way he likes.

We haven’t had GDP of 3% or higher since the man child seized power.

He is the worst. Worse than Carter. Incompetent. Worse than Nixon. Crooked.


28 posted on 08/19/2016 6:21:04 AM PDT by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: expat_panama

My response to the author:

Well, man, that is, like, just your opinion, man.

The article is written by a cheerleader.

I think the fact that the stock markets are doing very little of late is very telling They are going to break out seriously one way or another. Personally I think down, but I’m a doom and gloomer. I think they are as high as they are because of “they” have been so successful kicking the can further down the road, but the fact is, they really WILL run out of road, and probably in less than a year. A LOT less, is my guess.


29 posted on 08/19/2016 6:23:32 AM PDT by Mr. Douglas (Today is your life. What are you going to do with it?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bert
I maintain that growth of 1% is in effect no growth.

Growth in what, GDP?   It's been growing at 3%.

That's only if we're talking dollars.  If we're talking politics then we talk votes and in the U.S. the votes are Democrat (meaning: "Marxist") for president and Republican (meaning: "Democrat") for everything else.

30 posted on 08/19/2016 6:25:04 AM PDT by expat_panama
[ Post Reply | Private Reply | To 12 | View Replies]

To: expat_panama

I heard he went to a lot of naughty sites.


31 posted on 08/19/2016 6:29:17 AM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Mr. Douglas
I think down, but I’m a doom and gloomer...

With doom'n'gloomerin' it's so easy to dominate a conversation; it's no wonders so many folks go that way--

--and it never seems to matter that they're wrong all the time.

32 posted on 08/19/2016 6:34:02 AM PDT by expat_panama
[ Post Reply | Private Reply | To 29 | View Replies]

To: expat_panama

does anyone realize that the TOO BIG TO FAIL BANKS (subsidized by your savings earning almost zero interest) have run up $500 TRILLION in bets, politely called derivatives, by the WALL STREET BROKERS AND BANKERS (crooks gambling with YOUR MONEY)...???????

this is the bubble that trump is referring to....

take a look at the stock market right around the last few elections......

THERE IS NO ECONOMY IN THE USA....
CONSUMER DEBT IS MAXED OUT (CONSUMERS ARE 70% OF THE USA ECONOMY)
47% RECEIVE GOVERNMENT CHECKS
UNEMPLOYMENT IS REALLY 33%
WE ARE A DEBTOR NATION OWING ABOUT 19 TRILLION
TRILLIONS IN STUDENT LOANS WILL DEFAULT EN MASSE
BANKS WILL COLLAPSE AND SAVINGS WILL BE GONE
THE FDIC CANT COVER THE LOSSES
a usa collapse will lead to a global economic collapse
the dollar will be worthless ..... GREECE AND VENEZUELA ARE THE PROTOTYPES
WHY DO YOU THINK THE PUSH IS ON TO TAKE AWAY THE SECOND AMENDMENT RIGHTS...
WHY THE PUSH FOR IMPORTING JIHADIS
WHY THE PUSH TO EXPORT MORE JOBS VIA TPP
WHY THE RISING OF BLACK LIVES MATTER PAID TO RIOT BY SOROS
WHY THE UNCONSTITUTIONAL MEDDLING IN LOCAL POLICE DEPARTMENTS BY THE DOJ CITY BY CITY (EXACTLY WHAT HITLER DID WITH THE BROWN SHIRTS)..cause racial riots .... takeover the local cops
why the militarization of the cops with mraps
WHY THE INTERNET GIVE AWAY
WHY THE SUPPORT FOR TERRORIST IRAN
THE MAIN STREAM MEDIA IS NOT COVERING OR PRESENTING THE TRUTH....NOTHING BUT PRAVDA GOVERNMENT PROPAGANDA
WHY NO INDICTMENT FOR AN OBVIOUS FELON
WHY THE REALEASE OF THOUSANDS OF FELONS BY PRESIDENTIAL DECREE
WHY THE OPEN BORDER AND RELEASE OF ILLEGAL ALIEN REPEAT FELONS
WHY NO PROSECUTION OF FAST AND FURIOUS, IRS ABUSE, VA ABUSE, STATE DEPARTMENT DECEPTION AND LIES....

It used to be America ........ NOW ITS A ROTTEN CORRUPT BANANNA REPUBLIC SOLD OUT TO CORPORATIONS, FOREIGN GOVERNMENTS, FOREIGN CRIMINALS AND GOVERNMENT OFFICIALS ABUSING THE TAXPAYERS WITH CRONY KICKBACK SCHEMES... FOR SELF ENRICHMENT...


33 posted on 08/19/2016 6:34:35 AM PDT by zzwhale (no way)
[ Post Reply | Private Reply | To 1 | View Replies]

To: expat_panama

Well, most of them anyway.

You pretty much can’t pick up any consumer item that isn’t made somewhere else.

I know the young people searching for jobs are being offered wages of about half the tax free welfare benefit packages I’m told a family of four can get.

“career path” jobs in shipping and production scheduling are less than $40K a year. Sometimes far less than that like 32K a year. That would not even pay my insurance bills.


34 posted on 08/19/2016 6:38:00 AM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: expat_panama

In 2007, my company hired a new director for my group. She had moved to Seattle from Colorado. She told us in the first get together that she needed to buy a house. I told her she needed to rent. She wanted more details after the meeting.

In the meeting it turned out she was looking for something in the $750k range. I told her my take on the housing situation and I thought it was about to collapse. I gave a point by point rundown on why. I highly recommended that she rent.

Long story short, she rented. Three years later, she took a job in Chicago. She simply gave her landlord notice and moved. If she had bought where she was planning, she would have been underwater by AT LEAST $200,000. We’ve been friends ever since.

Here is the funny part. I was posting on the internet at the time that housing prices could go down as much as 20%. I got ridiculed and, truth be told, it sounded nutty to me, but I stood by it. And prices went down over 50%!. The interesting thing was that I learned something about human nature from that experience. People dind’t come to me and say, gosh, you were right. They didn’t say, “Holy cow! The doom and gloomers were right!” Nope. they just accepted the “new normal.” Everybody talked about all their friends in foreclosure or walking away and what a great buying opportunity it was. It was laughable.

The doom and gloomers are right about pretty much everything these days except for one critical part: Timing. Bill Bonner even jokes about being off this time because he had no idea how far they would kick the can down the road. My take is that it is because once the next one comes, it will be epic in human history, and I strongly doubt it is more than two years off, and probably more like a few months.

But that’s just me. ;)


35 posted on 08/19/2016 6:41:57 AM PDT by Mr. Douglas (Today is your life. What are you going to do with it?)
[ Post Reply | Private Reply | To 32 | View Replies]

To: expat_panama
Market watch?

Ben Shapiro is more trustworthy.

36 posted on 08/19/2016 6:45:39 AM PDT by going hot (Happiness is a Momma deuce)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dp0622

“I heard he went to a lot of naughty sites.”

I don’t get the porn business model. They give away so much for free, that there is no incentive to buy the pay stuff. Not that big a consumer, and have never paid a penny, so maybe I’m missing out on how much more revealing the pay stuff is. But if there are a lot of “customers” like me, how do the actors and producers, etc. make any money?


37 posted on 08/19/2016 6:50:09 AM PDT by Stirner
[ Post Reply | Private Reply | To 31 | View Replies]

To: Sequoyah101
You pretty much can’t pick up any consumer item that isn’t made somewhere else.

Went to a minor league baseball gamelast night in Tampa. Tampa Yankees and Clearwater Phillies.

Grandson got 4 foul balls!

Turned the ball over...yep...Made in China!

38 posted on 08/19/2016 6:50:32 AM PDT by N. Theknow (Kennedys-Can't drive, can't ski, can't fly, can't skipper a boat-But they know what's best for you.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Stirner; dp0622
...how do the actors and producers, etc. make any money?

They do, big time.   So much so that it was the porn biz that jump-started not only the pc/internet market but also the vcr/video market a couple decades earlier.  We can say what we want about the immoral depravity of porn but it sure does a lot for the broader economy.

39 posted on 08/19/2016 7:08:07 AM PDT by expat_panama
[ Post Reply | Private Reply | To 37 | View Replies]

To: Mr. Douglas
...posting on the internet at the time that housing prices could go down as much as 20%. I got ridiculed...

Yeah, and even to this day there are still folks on these threads that insist that real estate's the only "real" investment.  Hurts our feelings but we can still cry all the way to the bank.

40 posted on 08/19/2016 7:14:21 AM PDT by expat_panama
[ Post Reply | Private Reply | To 35 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-49 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson