US consumer confidence rises to 18-year high

Discussion in 'Current Events' started by MolonLabe2009, Aug 28, 2018.

  1. MolonLabe2009

    MolonLabe2009 Banned

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    of course Trump has everything to do with how great the economy is doing now.
     
  2. rahl

    rahl Banned

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    of course he doesn't. The economy has been on the same steady upswing for the past 9 years.
     
  3. Quantum Nerd

    Quantum Nerd Well-Known Member

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    You have fully bought into the Trump koolaid -- prosperity for all, not brought about by higher productivity or wages, but by going into more debt, both private and public. Typical herd mentality.

    So go ahead, spend your money, it drives my stock investments up.

    When I hear those things I think of the old adage: Be greedy when others are fearful and be fearful when others are greedy. Time to step up my savings instead to spend more.
     
  4. 61falcon

    61falcon Well-Known Member

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    If you read todays news on Bloomberg rank and file employ pay went down during the past year,so how consumer confidence rises as real wages shrink and inflation drives prices up baffles me.39.4% of Americans suffered some type of either housing,utilities,food or health care paying crisis in 2017.24% of it was with people who had college degrees.
     
  5. MolonLabe2009

    MolonLabe2009 Banned

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    of course Trump has everything to do with how great the economy is doing now.
     
  6. Spooky

    Spooky Well-Known Member Past Donor

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    So you admit that your investments are going up under Trump.

    And what are you complaining about again?
     
  7. T_K_Richards

    T_K_Richards Well-Known Member

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    Consumer confidence is a good sign that people are comfortable spending money. It is not necessarily indicative of a healthy economy. Don't confuse correlation and causation. Consumer confidence was sky high in 2007 right before the great recession too. To be clear I don't think we are going to see another massive recession like that. We will have another recession someday, possibly during Trump's term, but it's not something easily predicted.
     
    Last edited: Aug 28, 2018
  8. T_K_Richards

    T_K_Richards Well-Known Member

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    My portfolio is doing great. Thanks Trump! Still think he's a narcissistic ******* though. How's your portfolio?
     
  9. Libby

    Libby Well-Known Member

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    I don't have to "like" him to appreciate a good economy :D
     
  10. Spooky

    Spooky Well-Known Member Past Donor

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    Ha, that's funny.
     
  11. Moonglow

    Moonglow Well-Known Member

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    My philosophy about the whole damn circle jerk is this: I was not, nor do I intend to live my life to work away my life to buy crap from manufactures to keep them in business. I buy essentials and make the rest or do without..
     
  12. T_K_Richards

    T_K_Richards Well-Known Member

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    The economy is doing OK. The stock market is doing great.
     
  13. Moonglow

    Moonglow Well-Known Member

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    He has yet to hire me for an intern..
     
  14. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Yep. All the Soros-sites have anymore is "deny/downplay/ say Obama did it"...
     
  15. Moonglow

    Moonglow Well-Known Member

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    Gold is being dumped so there's the confidence rating.
     
  16. Moonglow

    Moonglow Well-Known Member

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    Since 2000 my land investments have tripled in value..I really don't know why you people are always complaining it could always be much worse, you could be dead, or married.
     
    Last edited: Aug 28, 2018
  17. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Am I too late to blame Bush! Obama hindered growth by increasing the burden on businesses. Trump reduced the burden and we are seeing results.

    Here in Los Angeles, your party is in complete control. Our taxes are among the highest and we are still the poverty capitol of the country.
     
  18. Moonglow

    Moonglow Well-Known Member

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    Sequestration that was forced in the budget reconciliation move was an economy killer also.
     
  19. Jestsayin

    Jestsayin Well-Known Member Past Donor

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    And had you put $1000 into Apple in 2000 you would now have $46,800.
     
  20. Moonglow

    Moonglow Well-Known Member

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    I have much more than that and I have never liked Steve Jobs so no dough.
     
    Last edited: Aug 28, 2018
  21. Bluesguy

    Bluesguy Well-Known Member Donor

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    Actually it has accelerated and gotten us to where we should have been 6 years ago instead of the Democrat non-recovery.
     
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    We know what Trump has done, slashing regulations, tax rate cuts, trade issues. What exactly did Obama personally do to kill UBL?
     
  23. ocean515

    ocean515 Well-Known Member Past Donor

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    So says the left's liberal God, Stephen Colbert.
     
  24. 61falcon

    61falcon Well-Known Member

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    The housing market is tanking consumer debt is at all time highs in every category,where the hell is the confidence???
     
  25. BuckyBadger

    BuckyBadger Well-Known Member

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