RATS aren't smart enough to understand the business model of a lemonade stand...
Posted on 12/01/2019 7:24:48 AM PST by EyesOfTX
Only a few months ago all the media outlets were stumbling over themselves to get the word “Recession” into our ears, over some silly-a$$ “inversion” of interest rates, that lasted a short time and involved an infinitesimally low difference in interest rates.
The Washington Post said on August 14, 2019: “Stock markets tanked Wednesday after the bond market sounded a loud warning that the U.S. economy might be headed toward a recession.”
Also “Dow falls more than 800 points over recession fear.”
Their intention: to convince the folks that Trump has destroyed the US economy, so they will pull their money out of the stock market, causing the numbers to go down, so the media can crow about how Trump has destroyed the US economy.
Doubt they could read a Profit&Loss statement without having certain categories explained to them.
The trouble with economic forecasts is that in an “arms length transaction” one side thinks the item will be more valuable in the future and one thinks it is a good to part with the item. Both are happy with this “deal” but it shows that in the real world there are lots of transactions where people think things are going to get better while others think things are going to get worse.
I happen to think Trump is doing the right thing, so I am spending and buying and saving. I have not rolled up the sidewalks so to speak, but certainly people who think its time to get out of the market and store food for the recession do exist too. (Krugman?)
Anyone who says they “know” what the future will bring is probably not very smart, so always be defensive, even in your optimism
RATS aren't smart enough to understand the business model of a lemonade stand...
Ah, the "Experts". These are the same "Experts" who constantly projected rosy estimates during Usurper Obama's sack of America, just to have their estimates regularly revised downward.
Of course, the MarxistMedia only reports incorrect "estimates"; i.e. those good for the criminal party. They never report accurate revisions. The enemy within never changes.
I read & re-read this article.
I think some spelling errors are causing MILLION & BILLION to be mixed up.
Every TV report I have heard has said that sales were in the BILLIONS -— NOT the Millions.
“The “experts” aren’t really experts. When will we learn?”
Minor quibble, but I submit they ARE experts, meaning they know much more than the average person about the economy and investing.
That doesn’t mean they can predict the economic future very well, unfortunately. We are expecting a result from them they can’t produce, which is our error by now. We should know better. And they aren’t going to admit the truth, this is how they make a living.
The company I work for is having an all time record year. The factory cannot keep up with orders. If we could find people we would add a 3rd. shift.
Under Obama we had layoffs.
All libs yearn to be elite.
Absolute power to tell you how to exist, from cradle to grave, contributing your time on this planet to make their lives easier.
You are just plain wrong in your way of thinking, regards everything.
When they have the power, they will explain it to you, at the point of a gun, and cattle trailers.
Do we call the totalitarian thugs who run African hellholes 'elites'? Or Stalin's goons? With their dachas and 'the best of everything' for themselves?
It might be time to start adding the word 'garbage' before 'elites'...
(Singles Day) ... hosted every year by Chinese e-commerce giant Alibaba BABA, and the company hit a new sales record: over $30 billion; gross merchandise volume (GMV) hit $12.01 billion in the first hour. This easily surpasses any single U.S. shopping holiday like Black Friday or Cyber Monday.
The economy is why the Dims had to do the impeachment thing. Without it they have nothing and they had to try to drown out the economic news.
“ Minor quibble, but I submit they ARE experts, meaning they know much more than the average person about the economy and investing.”
They are most likely well educated idiots, who believe demand side, Keynesian economics really work and supply side economics do not.
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