RSM789
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Post by RSM789 on Dec 20, 2019 11:27:51 GMT -8
When people buy TV's, they often can't tell the differences in image reproduction unless you have multiple TV's side by side. Viewing both at the same time illuminates the pluses and minuses of each.
It is exactly the same with presidents and economies. So many liberals claim Obama did a great job with the economy, but when you compare it side by side with the results of Trumps policies, it becomes obvious that Obama was a neophyte when it came to economics.
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Bick
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Post by Bick on Dec 25, 2019 7:56:10 GMT -8
When people buy TV's, they often can't tell the differences in image reproduction unless you have multiple TV's side by side. Viewing both at the same time illuminates the pluses and minuses of each. It is exactly the same with presidents and economies. So many liberals claim Obama did a great job with the economy, but when you compare it side by side with the results of Trumps policies, it becomes obvious that Obama was a neophyte when it came to economics. That's the perception for many today. This is not Trump's economy...it's Obama's. But like many of the positions, objective support for that conclusion is sorely lacking. |
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SK80
Master Eminence Grise
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Post by SK80 on Jan 9, 2020 10:29:27 GMT -8
Jobless Claims Fall By More Than Expected to 214,000www.breitbart.com ^ | 9 Jan 2020 | John Carney Posted on 1/9/2020, 9:46:10 AM Fewer Americans filed first time applications for unemployment benefits last week, as the labor market appears to be holding up at a stronger level than expected. New applications for state unemployment benefits fell 9,000 to a seasonally adjusted 214,000, the Labor Department said Thursday. This was the fourth consecutive weekly decline, largely reversing the climb in claims in early December. The higher numbers in the first weeks of December led some to believe the labor market was cooling. Economists had expected claims to come in at 219,000. (Excerpt) Read more at breitbart.com ... 
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RSM789
Eminence Grise
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Post by RSM789 on Jan 9, 2020 16:49:36 GMT -8
It is also funny how the economy continues to excel "beyond expectations". It is as if those who report on the economy continue to belief that Trumps policies are no good, so there is no way that such positive gains will be made. They are wrong every time, yet still never learn.
If they wanted to gain political points, they would set the expectations for the economy exceedingly high. Then when the economy did well, but fell short of expectations, they could spin the news into a negative.
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SK80
Master Eminence Grise
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Post by SK80 on Jan 9, 2020 17:57:45 GMT -8
gr8t observation RSM but the media isn't that smart to think that out......, like the stock market the minute analysts set an earnings per share or revues or sales or whatever if they set it high and it disappoints then boom the stock sinks. Meanwhile smart money understands that the expectations were ridiculous to begin with and buy up the sell off on what is perceived as bad news when in actuality the news is actually good.
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SK80
Master Eminence Grise
Posts: 7,376
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Post by SK80 on Jan 9, 2020 19:31:38 GMT -8
I so want to put this in MEDIA BIAS thread... this headline from Bumberg is nothing like the body of the article.... U.S. Consumer Comfort Rises to 19-Year High on Views of Economy www.bloomberg.com/news/articles/2020-01-09/u-s-consumer-comfort-rises-to-19-year-high-on-views-of-economy <~~~~ Don't click here helps ButtBerg
Confidence among Americans surged to the best level since October 2000 on brighter views of the economy and finances, adding to signs that consumers will continue to underpin a record-long expansion.
So what is it calling "COMFORT"! LMFAO! Its confidence BloomButt... butt that headline seems a bit TOO strong and pro-Trump... fookin' comfort! Just when you think you have seen it all... #MediaBias. #EconomyOnFire |
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SK80
Master Eminence Grise
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Post by SK80 on Jan 11, 2020 6:18:23 GMT -8
Not sure how the voters 2020 can ignore any of this.......
The Economy’s Inequality Dividend: Growth is lifting low-income workers and the middle class.
Wall Street Journal ^ | January 10, 2020
Posted on 1/11/2020, 5:13:34 AM by karpov
...
During the first 11 quarters of the Trump Presidency, wages for the bottom 10% of earners over age 25 rose an average 5.9% annually compared to 2.4% during Barack Obama’s second term, according to the latest demographic data from the Bureau of Labor Statistics. Wages for the middle two quartiles increased 3.2% compared to 2.2% and 2.7% between 2012 and 2016. Wage gains for the top 10% have held steady at about 3%.
Less educated workers have also seen the strongest gains. Wages have risen at a 6.1% annual clip for workers over 25 without a high school degree and 3.9% for those with some college—both about three times faster than during the second Obama term. Wage gains have also accelerated though to a lesser degree—to 3.2% from 2.2%—for college grads.
Irony alert: Socialism-loving young people are getting the biggest pay raises. Wages have increased on average 5.8% annually for teens, 4.4% for 20 to 24-year-olds and 4.8% for 25 to 34-year-olds during the Trump Presidency. Maybe as their incomes rise, more millennials will question the tale of woe and revolution that Bernie Sanders is selling them.
As for inequality, the Gini coefficient that measures the income gap has been declining among folks who earn a paycheck. Rising wages have lifted millions of Americans out of poverty and off the government dole. The poverty rate for blacks (20.8%) and Hispanics (17.6%) is the lowest on record.
Forty million fewer people last year lived in households receiving government assistance than in 2016, and the food-stamp rolls have shrunk by 9.5 million over the past three years. Reduced government dependence is a social good far beyond the lower costs to taxpayers. More important are the benefits in self-sufficiency and the contributions to the community that flow from that.
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Bick
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Post by Bick on Jan 12, 2020 6:37:53 GMT -8
And in other up is down news...
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SK80
Master Eminence Grise
Posts: 7,376
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Post by SK80 on Feb 5, 2020 12:10:52 GMT -8
IS my IRA hitting another ALL TIME HIGH today considered "News on the Economy"...?  |
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SK80
Master Eminence Grise
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Post by SK80 on Feb 7, 2020 7:24:32 GMT -8
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Bick
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Post by Bick on Feb 7, 2020 7:38:03 GMT -8
All seems to be good news SK80,although I am concerned with the impact of the rising minimum wage and its future impact on smaller, or marginally profitable businesses.
Seeing another round of closures from big box retailers, this time Macy's, has me thinking there's a storm on the horizon unless manufacturers come back into play here. I think that is unlikely with the continued upward trend on wages though.
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SK80
Master Eminence Grise
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Post by SK80 on Feb 7, 2020 7:50:44 GMT -8
The core news is still good @bick. China also just reduced and eliminated many tariffs, the media must of forgotten to report this... remember how bad Trump was handling China and getting his arse kicked? The was big FAKE NEWS.
I get your small business gripes and doing so in California May make up more of your claim....
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davidsf
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Post by davidsf on Feb 7, 2020 7:55:21 GMT -8
My observation is, brick-and-mortar stores are becoming obsolete.
The ones surviving are those that now offer home delivery. Seniors are not getting out as much, and Gen X and Millennials are accustomed to having everything from lunch to electronics brought to them. Hardest hit, as you point out,Bick, will be (and has been) the local operations: The mom-and-pop shops.
And retail is not the only sector impacted. My former employer, State Farm, has historically been overly (in my opinion) committed to a physical sales force which means agents, staff, and office space, to the point that they cannot cut premiums far enough to compete with the Geico’s and the USAA’s. Although they have been so massively and unreachable successful with their service of the claims that come in, most insurance purchasers today do not believe they’ll ever need to make a claim so the service isn’t all that important to them. Right now, today, State Farm is experimenting with on-line quotes and they have already centralized their claims handling from 15-20 owned facilities around the country, to just three leased buildings in AZ, TX, and GA.
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SK80
Master Eminence Grise
Posts: 7,376
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Post by SK80 on Feb 13, 2020 6:05:38 GMT -8
setting up shop in low tax states!
big box retailers are squeezed, seriously do you need a gigantic space/overhead like Sears, JC Penney or Macy's? It's those that moved into the new era, online and DISTRIBUTION. While Walmart and Amazon are bringing everything to your door, Macy's has been waiting for you to get in your car or on a bus, spend money on gas or fare, fight traffic and crowds, and then should you purchase something you don't like, doesn't fit, is damaged, maybe faulty, you get to go back and do it again, make that return while the new era guys simply have you mail it back. I had a hunch she years ago, bought Walmart, Target and Amazon. Not even I saw the change becoming so extreme, these companies/stocks have exploded!
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