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!
had the wrong second Tweet - corrected
I am an Indian. Kindly don't get fool like the illiterate Indians on fake promises, Fake Marketing, Fake News, Blaming Previous Govt .. Remember the world carries on without any problem without any politician. The world is very beautiful without politicians .. Think 1000 times before voting Trump .. Indians are now repenting for re electing Modi who has already screwed up Indian economy by $190 Billions and the unemployment rate by 45 year old .. Think and vote .. Don't get allured by any promises .. You are responsible for any misfortunes in the future .. May Lord Jesus help you to give intelligence ..
Until people are willing to get off the couch and don a yellow vest, they should shut the f*ck up. This site has become as bad as MSNBC, with all their whiny ass losers, that would still want Hitlary, crazy Bernie, or Pocahontas.
Oh, did you not hear that Trump just ended the phony asylum game, which may be better than building a wall - http://market-ticker.org/akcs-www?post=236073.
Go pound sand with the rest of the establishment, that needs Trump out to continue their fraudulent ways, and will once again lose a civil war, which looks inevitable.
BTW, even though the market would tank if an establishment hack wins, it will still make new highs because the rest of the world is in much worse debt.
I remember when Paul Krugman said that the stock market would crash and never recover, if Trump was elected.
Sadly elections are usually won or lost based upon the voters' perception of which candidate is going to hand out more 'free stuff' to them. "Government" largess is always seen as a winning proposition. Austerity is a losing proposition. So when any politician says we need to tighten our belts, that is the kiss of political death. So who wants to lose? By the way, I used "Government" to mean tax payers, but voters never seem to see it that way.
Each party is on a tear to see who can outspend the other on our dime. There is no incentive to show restraint. Yes, it will eventually all fall down, but almost nobody cares. A few do care, but not enough to even make a ripple in the swamp.
I am not sure whether he is right or wrong. Everyone knows the stock markets is greatly affected due to the American Economy. I am much more concerned about Australian Stock Market. Don't want to see the stock market getting crashed just because he is not been elected. Just hope this wont much effect ASX stock market