Atlanta Fed's closely watched GDP tracker shows next to no growth for first quarter

Discussion in 'Current Events' started by Giftedone, Mar 9, 2019.

  1. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Pollycy likes this.
  2. Pollycy

    Pollycy Well-Known Member

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    I know it's a waste of time, but I need to exercise my fingers this morning...

    1. If you don't make enough money, find a different job or start your own business.
    2. If you can't afford where you're living, move somewhere else.
    3. If you can't afford your "lifestyle", adjust your "lifestyle" to fit your income.
    4. If you are a disappointment to yourself, then change yourself instead of blaming anybody else.

    Unless another person loves you, likes you, or needs you for one reason or another, he/she probably doesn't CARE whether you're satisfied and contented with your life or not! Take care of YOU, and then, if you must, start meddling with someone else's life.... :graduate:
     
  3. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Sure, why don't Trump voters do all of those things? Instead, they find it easier to vote themselves a tax cut, sticking the bill to future generations. Why do they blame immigrants and Democrats instead of blaming themselves for not making enough?
     
    mdrobster and AZ. like this.
  4. superbadbrutha

    superbadbrutha Banned

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  5. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    So basically, we should just let them screw us?

    That makes no sense.
     
  6. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Low unemployment rates does not necessarily mean good wages. They are mutually exclusive.

    I want to see us with a low employment AND high wages.
     
  7. 61falcon

    61falcon Well-Known Member

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    The one thing that's growing dramatically is DEBT!!!Corporate,personal and national all growing like weeds!!!
     
  8. Pollycy

    Pollycy Well-Known Member

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    I'm honestly no big fan of Trump's tax cuts, Nerd, but I think I see the logic of his thinking.

    Trump was probably trying to "prime the pump" with the tax cuts -- make it easier and more attractive for private American companies to expand their operations, develop new territories, hire more people, stimulate more corporate spending on product development, expanded sales ventures, etc. This is a gigantic undertaking overall -- especially in the aftermath of a deep, widespread recession.

    Up until the Trump tax cut, the only dynamic force to move and create 'velocity' in the economy had come from the Federal Reserve banking cartel. The Fed staged a collection of 'magic tricks', including QE1, QE2, QE3, and "Operation Twist", while crushing interest rates at a time when demand for CASH was acute. The Fed bought toxic bond crap, "bonds", and initiated all these "rescues" in order to MOVE the economy, but nothing was working well at all throughout the business world, right through the end of Obama's last term.

    Along comes Trump. What was he supposed to do? The U. S. and Japan were tied for having the highest corporate taxes in the entire world. So, Trump wanted to cut taxes and free up tons of liquidity for investments, improvements, expansions, etc. But, it may not work. I see a combination of things coming together that will make everything worse, including:

    1. The return of Democrats running all of Congress and the presidency in 2020, and they'll scuttle the tax cuts, and raise taxes instead.
    2. Democrats will have promised a lot more handout welfare and 'subsidies' before the election, and they'll spend more on those things.
    3. American corporations and companies will invest heavily in robotics, and artificial intelligence in operations. Result: many job losses.
    4. Continuing and increased competition from China and 3rd-world countries putting downward pressure on American wages.

    The surprise for Democrats after their 2020 victories is going to be all the bitching and complaining that will continue because the real problems themselves won't magically 'go away'. They will need many tens of trillions of dollars to spend on all the promises they'll make, and the money is simply NOT THERE, not even if they tax all the rich corporations, shareholders, hedge funds, and other rich people at 99.9% of their incomes. It's going to end up being a big socialistic "brain-fart", and not even the hyperliberal media will be able to cover it up.... :frown:

    [​IMG] . Anybody else remember this? A typical liberal Democrat LIE! There will be many more....
     
    Last edited: Mar 11, 2019
  9. ronv

    ronv Well-Known Member

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    It means you should face reality if you have any hope of fixing it.
     
  10. grapeape

    grapeape Well-Known Member Past Donor

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    The fed is a Cabal. But they do serve a very valid purpose, in that they know how the economy runs and works, and they keep politicians in check from making politically motivated economic moves. You may not like what they do, but do you honesty think a politician has: 1.) the real economic knowledge to make the right decisions and 2.) That they truly have the long term viability of the country at heart ?

    And NO, their should not be ANY single person, politician or Fed employee who has the power to make these rules/laws

    We do NOT have the highest corporate taxes and you know that. You're smarter than that Polly. Our corporate ETR's are actually pretty low comparatively.

    You can scream all you want about welfare, but remember that most people don't need welfare since the largest sector of welfare recipients are the working poor. And even with that said, Trumps tax cut did exactly what it was designed to do. It further enriched to top 1%.

    https://www.forbes.com/sites/janetn...harp-kick-to-upper-middle-class/#6b031ec01099
    And thats from the Brookings Institute, hardly a bastion of liberalism.....


    Yes, unemployment is falling, but inflation is rising. And Trump did no such thing. People voted for Trump for the simple reason that they knew he would line the pockets of the rich, and they thought they were one of "them". Nothing more, nothing less. The economy grew in the beginning and thats solely based on "consumer confidence". The people really thought that Trump was going to make things better for them. But as the real numbers are starting to be counted, they are realizing that they were had. There are those on the right who will defend those tax breaks to their last breath, but the numbers are in and the middle class and poor got shafted, and they are starting to realize it. Wait until 2-3 years down the road when a Dem is in office and the right will start screaming about the deficit/debt on high without actually admitting that they are the ones who added over a trillion dollars to in in FY 2018 alone. Then the tax bills will start rising because the "temp cuts" will expire and the right will blame dems.[/QUOTE]
     
    Last edited: Mar 11, 2019
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  11. grapeape

    grapeape Well-Known Member Past Donor

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    actually most wages grew last year, hourly wages increased minimally, but they only talk about the 3% that went to salaried employees. Which was actually offset by inflation
     
  12. grapeape

    grapeape Well-Known Member Past Donor

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  13. superbadbrutha

    superbadbrutha Banned

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    Amazing how most folks I know say their salaries didn't increase, must have been a select few.
     
  14. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    It's faster than all 8 years of Obama.
     
  15. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    I'll leave you to prove your own point.
     
  16. superbadbrutha

    superbadbrutha Banned

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    For a select few.
     
  17. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    I'm sure you believe that.
     
  18. drluggit

    drluggit Well-Known Member Donor

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    Sucks when democrats artificially put on the breaks in an attempt to win a presidential election... huh?
     
  19. superbadbrutha

    superbadbrutha Banned

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    How much of a raise did you receive?
     
  20. ronv

    ronv Well-Known Member

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    Let me help. :)
    Actually Trump ruined a perfectly good trend. What's with that?
    upload_2019-3-11_12-53-13.png
     
  21. Giftedone

    Giftedone Well-Known Member Past Donor

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    No idea how this relates to my post - did you have a point ?
     
  22. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Where are we now?
     
  23. ronv

    ronv Well-Known Member

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    Don't know. The quarters not over yet.
    But Forbes thinks it's gonna suck.

    In North America, the average salary growth is predicted to be 2.8% in 2019 and when adjusted for inflation, the real-wage growth is expected to be 0.6%. In the US, an average 3% pay increase is predicted, which is the same as last year and the year before. The real wage increase is forecast to be 0.6%, down from last year’s 1%. This takes into account an expected 2.4% inflation rate in 2019.
    https://www.forbes.com/sites/karenh...wage-increases-globally-in-2019/#15a66b5f67c4
     
  24. Zorro

    Zorro Well-Known Member

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    Velocity of M2 is finally turning around now that Trump is at the helm.

    [​IMG]
    Not since Trump took over, that line really starts climbing up after 2016
    [​IMG]
    Steady as she goes!
    I like the trend!
     
  25. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    The reality that these jobs aren't coming back that has already been proven false?
     

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