[expat_panama]

The info here only makes sense from a business point of view and of course from a political standpoint all this stuff is wrong. On the one side we only got purchase records and bank balances to go on but with politcs there's the huge advantage of saying "WE'RE RIGHT AND YOU'RE WRONG".

[Resettozero]

As long as Treasury keeps printing and mailing those checks and/or depositing them directly in personal accounts, the system is fine fine fine.

[Forty-Niner]

“The first year of a presidential term often brings a recession, especially when the party in power changes. So if Trump catches up to Clinton and wins in November, look out.”

The US is on an eight year Business cycle which coincides with our election years.....There is no causal relationship as implied....We’re due for a recession (market correction) late this year or next no matter who is elected.

[Lee'sGhost]

Almost every bit of this is the truth, in the same way looking at yourself in a fun house mirror is the truth in warped fashion.

Just one example:

2. No one has gotten a raise in several decades

Donald Trump loves this one... (which reveals the whole purpose of this nonsense.)

But there’s just one little problem here. The “stagnant wage” claim is just not true...

Notice all the source referencing and documentation. No need for silly stuff like that. Just take the author’s word for it.

[expat_panama]

IT'S FRIDAY!!!!!   That's about it, nothing else is happening.  Stocks came up a couple tenths of a % in fading volume while precious metals continued to grind sideways.

The futures trading heatmap has metals strong and stocks even, although these other futures stock index contracts are a lot less upbeat.

No econ reports, but we still got this:

Nightmare on Main Street:Housing Has Not Been Reformed - Economist
Trump Is a Bigger Global Threat Than Brexit - Tim Wallace, The Telegraph
A Facebook Dollar, and a Return to Gold Money - Editorial, New York Sun
A New Approach to Monetary Policy Is Needed - Mark Gilbert, Bloomberg
Credentialed Experts Consistently Reveal Ineptitude - Jeffrey Snider,RCM
Most Important Financial Interview You've Never Read - Eric Nelson, SA
When Fewer Can Pursue Commerce, We're Worse Off - James Patterson
The IRS to Michael Phelps: 'You Didn't Win That' - Carey Wedler, FEE

[dp0622]

So you’re saying you think the economy is doing well under obama, if I understand correctly.

[cgbg]

At this rate all of the bank’s derivative exposure should be under control very soon...well, maybe before the sun burns out. ;-)

[bert]

I maintain that growth of 1% is in effect no growth. the numbers can be corrupted to show 1%. The President is a criminal and forces the 1%

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

[ravenwolf]

It is like all other issues, it depends on how you are looking at it.

If all any one is concerned about is to have money to go buy junk food and go back home and flop down in the bed or on the couch and stuff their mouth ( what does`nt fall on the carpet or in the bed ).

The reason there are jobs is because so many people are living on the taxes paid by the people who are working and why would they want a job if they can force the working people to take care of them so they can be free to go out and raise hell.

The Government is trillions of dollars in debt because they are spending money they do not have, they do not want to bring the manufacturing jobs back to the U.S because that would stifful their socialist agenda.

If the industry was like in the fifties people could take care of them selves and would not have any need to have the evils of socialism pushed down their throat.

But i regress, why would this conversation be taking place in America the land of the free if people were any dam good to begin with?

The answer of course is that a good percentage of the people in America are no damed good so socialism is good enough for them as they deserve no better.

[tbw2]

JOHN MAULDIN: The government has been dramatically understating inflation
http://www.businessinsider.com/john-mauldin-government-understating-inflation-2016-5

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.

[Sequoyah101]

Much of this is just Bull Spit.

Wages are NOT growing, inflation is for things people need like food. The idiot who wrote this article needs to get out more or some.

The oil price collapse did devastate the oilfield. I’ve been in it for 40 years and this is the worst bust I’ve seen and I’ve seen plenty. You can shoot a cannon through just about any oilfield office or shop without any fear of hitting anyone.

Market watch, BS.

[Jack Hammer]

He seems to be ignoring the anecdotal evidence, which indicates overwhelmingly that the economy sucks.

[glyptol]

Nothing like a little BS with breakfast.

Wages in the contract engineering/ design realm are effectively down. I see scant job listings that are not about half to a third of what they were even five years ago. I know many in the field above the age of 40 that have quit looking in that area. Companies do not pay expenses for short term contracts and do not pay travel or lodging which used to be common. They won’t pay overtime until 45-50 hours in.

And on and...

Of course you can get 2 or 3 bare bones part time jobs and have fun juggling that as each employer wants your undivided availability. But they each count as a “new job”

And on and on...

And if you are over 50 good luck.

[SoFloFreeper]

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.

[Mr. Douglas]

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.

[zzwhale]

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...

[going hot]

Market watch?

Ben Shapiro is more trustworthy.

[angryoldfatman]

Economy’s great!

Especially if you’re one of the 90-100 million on welfare!

WOO HOO HAPPY DAYS ARE HERE AGAIN!

Gonna go play some X-Box and roll me a big joint, bro, WOOOOOOO!!

Thank God for political myths and schmit!

[aimhigh]

Homelessness is everywhere. Beggars are everywhere. That says more than all the statistics.

[citizen]

People don’t analyze how they are doing, financially or otherwise. The live it every waking (and perhaps every dreaming) hour of every day. They know it. They feel it.

They experience it when the money runs out before the end of the month. They watch it either live or on TV when people are burning down their own neighborhood or shoving at policemen. They feel the weight of another tax or regulation breaking their backs. They chafe at the restrictions of ridiculous PC prohibitions where an innocent word or gesture will brand you as a bigot or worse.

For us lucky few, things are going pretty good. For the masses that decide elections it’s not so good....no matter how hard you try to say the state of the economy and, in general, of the nation are great. They are not so good.

We need to take back our country, our heritages, our lives and sanity from the PCers and the One-Worlders.