Happy days are here again?
Gianfranco Ferré L’Uomo
https://youtu.be/wMsIYzM_lS0
People are happy the end of the Obama administration is in sight.
If somehow, Hillary gets the election results to change, I bet the DOW would nosedive.
I refuse to use the phrase Black Friday. I am in the woods. To us, it is a time for deer hunting not saving $10 on a big screen TV.
It’s BLANK Friday! Bargain hunters fail to show up for expected frenzy on Britain’s high streets as ONLINE stores enjoy record sales - with £1.5million being spent every MINUTE
What the hell is a "spurge" when it comes to spending? Could it be "splurge"? Could it be the "Trump effect"? Yes & yes!
Obama presided over a massive infusion of cash into the monetary system. It had no measurable effect on the economy. People who got cash, or had cash, held onto it for various legal* and psychological** reasons. According to the government, which does not measure food, fuel, medical costs and taxes, among other items, there was no inflation. That cash is floating out there like a mine bobbing in front of a passenger liner. If people feel ready to spend then, quite suddenly, inflation will spiral rapidly, perhaps past the 20% levels we saw when Carter increased the money supply just 8%. I believe the cash level was increased over 300%. (I haven’t figured in all the “quantitative easing” that added 87 billion per month.)
* Companies want certainty. No certainty, no in vestment. When Obama essentially fired the head of GM and gave the “secured” bond holders a haircut while giving a big chunk of the company to his political supporters, the UAW, he destroyed that certainty. Companies have sat on over 15 trillion dollars in cash, refusing to invest until the rule of law returned to the business world. This money is out there waiting a signal to start investing. Trump’s election and a Republican Congress is probably that signal. Expect the economy to take off with full employment (4% or less unemployed).
** The nation has a mood; where enough individuals feel threatened and financially insecure that they effect the economy. Individuals from the clerks at Walmart to the millionaire plumbing company owner felt insecure about where the economy was going. Instead of buying a new stove or a new car they made do with what they had or bought used. I sense with Trump’s election that the collective mood has changed. People will feel relieved and buy the necessary things they have put off while Obama was in office. Inflation is defined as too much money chasing too few products. Expect inflation to spiral.
yup, it’s the Trump economy!
I’m tired of winning. /s
Bought a $400 North Face -20 parka for $240 on Wednesday... in my den, drinking whiskey and watching Iron Chef America reruns on Amazon. I love Christmas shopping! It’ll be on my porch today.
Trump Effect. Dude’s not even in office yet.
It’ll be nice to have an American in the oval office again.
My daughter and wife dragged me to the mall last night, and I have never seen anything like it - crowds everywhere spending money like there is no tomorrow...
ML/NJ
I’m contrarian and don’t expect but the usual “spurge”.
Dems are depressed and conservatives don’t splurge.
There are some crazy cheap prices out there nontheless!
People are seeing a light at the end of a long dark tunnel.
Time to post the Charlie Sheen picture with Winning again.
Perhaps it would be better with Trump.
The Trump Effect! :-)
Nope. Still not tired of winning.