WTF!
I just walked into the room and heard LiesMan on CNBC saying something about one of the briefings Trump still had to get was about the UFOs and aliens.
No one on the panel reacted. No laughs. Nothing.
WTF!
Consider that the Ronald Reagan boom fueled by tax cuts and defense spending started when interest rates and unemployment had nowhere to go but down, whereas Federal Reserve economists now think the U.S. is close to full employment and the 10-year Treasury yield sank to a historic low of 1.34% in July. In other words, rates have nowhere to go but up and the jobless rate may not be able to fall much without increasing inflation pressure.
While it's true that rates are long overdue to go up, the notion that Federal Reserve economists think we're close to full employment with over 94 million people out of the workforce tells you everything you need to know about the pathetic direction of the Fed during Obama's tenure.
I don’t think this is good. In essence, everyone has confidence so they are spending via taking on more debt. This only makes it worse. Bill Bonner may have been on to something, just a bit early.
https://www.youtube.com/watch?v=VJEZh9PKr8s
On CNBC, Mark Zandi said this morning that Pres. Trump will be inheriting a “strong economy” from Obama. Actually, the US economy began tanking in Sept.-Oct. 2008 as McCain’s campaign collapsed and business sector realized that a Communist would win in Nov. Over 700,000 jobs were lost in Jan. ‘09 when Obama was inaugurated and the nation’s economy barely survived the next 8 years.
In the third quarter of this year, the Middle Class began believing that Trump could win and this sparked hope in the economy, and their confidence began to revive. It had NOTHING to do with Obama and the bogus economic reports that were blatantly false for eight years.
What, we MIGHT do better than 2% GDP annually for a change? I will believe it when I see it. Next year will be MUCH better. “Bigly” better!
just TRUMP making AMERICA great again....
hahahahahahahahaha
CONSUMER CONFIDENCE IS THE KEY TO THE AMERICAN ECONOMY.....
of course that is when we are not making war for profit....
I know you seem to be very in tune with things - what's your read?
I don’t believe anything coming out of any department in Obama’s administration. You never get facts, only propaganda and lies meant to mislead. This “news” is meant to plant the idea that whatever success Trump has will not be from what he does but from the idea that the economy was already recovering under Obama. Thats how the corrupt Democrats work. It is nothing more than that.