Note About the Record Economy
Word About Predictions
Mike "Mish" Shedlock
Dumb. He's saying the Fed will normalize rates if someone else takes office, which is ridiculous. The trend is toward ZIRP/NIRP from here on out.
Anyone who believes the nonsense Trump spouts is clearly not intelligent. It is amusing to recall his three biggest promises during the election: 1. He will build a wall; 2. He will get Mexico to pay for it; 3. He will repeal Obamacare. His word obviously means nothing. He has accomplished nothing except a minor tax cut. It could have been worse—we could have had Hilary, but don’t forget Trump’s promise #4: He will lock her up. His record is 0-4 on his 4 most-often repeated promises. It is just a matter of time before this house of cards collapses.
The headline & reported unemployment rate is around 2% and the UE rate is 3.6% and shows no signs of rising (weekly first times unemployment claims are often one of the first indicators to show that the economy really is showing)... Consumer sentiment is near record high (both conference board & michigan indices).. Obviously ZIRP/NIRP or whatever is working..
Also how is it that these cryptocurrency worshipers always have these conspiracy therories about the fed and the line of "dollar not backed by anything" but worship bit sh*t coin or the alternative currency of the moment as being better than the US dollar?
The Trump Economy is setting records, meanwhile, my son is trying to cope with an astronomical cost overrun to an office building project that is directly caused by Trump's tariffs.
Stocks/economy gonna crash long before election day,leaving el presidente with just 2 options,US goes full Venuzuela,Trump will deploy the national guard,suspend elections and remain in power indefinetly or he'll resign and dump the mess on the dems to try and clean up.....either way stock "market" will collapse right along with the economy regardless of how much the fed prints...……..4 is the nail in the hyperinflationary coffin!