ECONOMY BEATS EXPECTATIONS

[ducks]

https://blogs.wsj.com/moneybeat/2017/10/31/surprise-the-economy-is-beating-forecasts-again/

[boutons_deux]

Top10% take 90% of all income

[ducks]

Top10% take 90% of all income

poor boutons he has to go to work can not sit at casion games in Puerto Rico

[Chris]

but the Manafort indictment

[clambake]

i heard popadop is an excellent guy.

[ducks]

U.S. COAL PRODUCTION
Up��7.8% past year.
Down��31.5% last 10 years.

[AaronY]

https://blogs.wsj.com/moneybeat/2017/10/31/surprise-the-economy-is-beating-forecasts-again/
922509435888717826

[Trill Clinton]

thanks obama

[ducks]

922509435888717826

McCain is mentally fit to go to nursing home!

[ducks]

thanks obama

DING!

[ducks]

"Consumer Confidence Hits Highest Level Since December 2000"

[ducks]

Home Prices Reach New All-Time Highs in August

[ducks]

My Op-Ed MiamiHerald thanking realDonaldTrump @VP @SpeakerRyan & @FEMA_Brock leadership in Puerto Rico’s recovery
https://twitter.com/LuisRiveraMarin

[Chucho]

"Consumer Confidence Hits Highest Level Since December 2000"


Which has absolutely nothing to do with Obama. Speculator confidence and investor confidence play major parts in the market's volatility.

[rjv]

There are still very worrisome signs and some of these portents are coming from the central banks. For one, globally, bank loans to businesses have increased by an average of 24% but this number is only at 14% in the United States (although Europe as a whole has performed poorly). Meanwhile, these same banks are betting that raising interest rates and selling off balance sheets (over $9,000,000,000,000) will stimulate the economy (almost the opposite of their failed plan prior to 2008). These balance sheets are basically an accounting of transferred bad debts (free money to the rich) and selling them off will be prove difficult in an economy hampered by slowing investments, stagnant wages and lowering productivity. And what is the ceiling for raising the interest rate before it impacts the global market? The biggest growth (surprise!) has been among the top 1% and most of the revenue has come from financial speculation. Slowing housing starts have impacted the construction industry, infrastructure jobs would not really take off until 2019 if they do and the trump tax cuts are not going to result in jobs or wage growth. The 'Trump bump', fueled ironically by China (and initial investors excitement over tax cuts and deregulation), is going to come to a screeching halt once China slows down its economy to deal with its own balance sheets and reign in its speculators. If 2018 sales and revenue do not meet expectations (likely), the mistake of basing middle-class consumption on debt savings reduction (instead of real wage income) will come home to roost and all these financial bubbles created by the central banks and the Fed will begin to burst. Don't think health care costs from rising premiums won't impact spending either. A Minsky moment in the next year or two is a strong possibility.

[Spurminator]

thanks obama

[benefactor]

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[ducks]

Grow a pair

[DMC]

922509435888717826

Or maybe he was having a stroke.

[benefactor]

Grow a pair
So I can pee on kids like you do, amirite?

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[AaronY]

Grow a pair
922509435888717826

[AaronY]

Grow a pair
http://i.imgur.com/MxT2myX.jpg

[Wild Cobra]

Of course the economy will do good. There aren't any demonrats in charge to damage it.

[ducks]

https://www.cnbc.com/2017/11/01/adp-us-private-sector-jobs-oct-2017.html
US private sector added 235,000 jobs in Oct, vs 200,000 new jobs expected: ADP

[monosylab1k]

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[boutons_deux]

The Repugs austerity, blocking Keynesian spending, and firing of 100Ks of govt workers have greatly retarded the recovery from the Banksters Great Depression.

The economy would be much further ahead if it weren't for the Repugs.

In any case, the economy is rigged so that 90%+, to increase soon, of all new wealth goes to the top 5%, while the lower 80% labor, aka "working people", with stagnant incomes and the ever growing low-paid gig economy.

the lower 4 quintiles are pretty much fucked and unfuckable.

[ducks]

The Repugs austerity and firing of 100Ks of govt workers have greatly retarded the recovery from the Banksters Great Depression.

The economy would be much further ahead if it weren't for the Repugs.

In any case, the economy is rigged so that 90%+, to increase soon, of all new wealth goes to the top 5%, while the lower 80% labor, aka "working people", with stagnant incomes and the ever growing low-paid gig economy.

the lower 4 quintiles are pretty much fucked and unfuckable.

why did the former president not fix it he had 8 years! if it is so bad
trump fixing it in less then 9 months!

[Spurminator]

why did the former president not fix it he had 8 years! if it is so bad
trump fixing it in less then 9 months!

What's he fixing? What specific area of the economy was a problem under Obama but has been improved by Trump? Which specific policies led to that improvement? We look forward to your detailed thoughts on this.






(pisssssssssssssssssssssssssssssssssssssssssssssss ssssssssssssssssssssssssssssssssssss)

[Pavlov]

The most important thing Republicans have done to help the economy since Trump was elected is nothing.

[monosylab1k]

why did the former president not fix it he had 8 years! if it is so bad
trump fixing it in less then 9 months!

and you still pee on 13 year old girls.

[Spurminator]

925739132579729420

Could ducks or anyone else who speaks Trump please explain how this would work? I don't have a President-level understanding of the ACA or taxes.

[clambake]

925739132579729420

Could ducks or anyone else who speaks Trump please explain how this would work? I don't have a President-level understanding of the ACA or taxes.

it works because hillary sucks

[Chucho]

925739132579729420

Could ducks or anyone else who speaks Trump please explain how this would work? I don't have a President-level understanding of the ACA or taxes.

Seriously. I do agree, eliminate the Fascist order of "get insurance or be fined" since autonomy of body is justifiable for baby murder, but this shit makes no sense.

[clambake]

oh, and it looks like ducks is not working or fucking anymore.

[boutons_deux]

math about and results from killing the individual mandate are in the "repug tax cut" thread.

Ducks don't know shit about shit

[ducks]

ducks knew who won be president
SCOREBOARD BOUTONS_DEUX

[RandomGuy]

There are still very worrisome signs and some of these portents are coming from the central banks. For one, globally, bank loans to businesses have increased by an average of 24% but this number is only at 14% in the United States (although Europe as a whole has performed poorly). Meanwhile, these same banks are betting that raising interest rates and selling off balance sheets (over $9,000,000,000,000) will stimulate the economy (almost the opposite of their failed plan prior to 2008). These balance sheets are basically an accounting of transferred bad debts (free money to the rich) and selling them off will be prove difficult in an economy hampered by slowing investments, stagnant wages and lowering productivity. And what is the ceiling for raising the interest rate before it impacts the global market? The biggest growth (surprise!) has been among the top 1% and most of the revenue has come from financial speculation. Slowing housing starts have impacted the construction industry, infrastructure jobs would not really take off until 2019 if they do and the trump tax cuts are not going to result in jobs or wage growth. The 'Trump bump', fueled ironically by China (and initial investors excitement over tax cuts and deregulation), is going to come to a screeching halt once China slows down its economy to deal with its own balance sheets and reign in its speculators. If 2018 sales and revenue do not meet expectations (likely), the mistake of basing middle-class consumption on debt savings reduction (instead of real wage income) will come home to roost and all these financial bubbles created by the central banks and the Fed will begin to burst. Don't think health care costs from rising premiums won't impact spending either. A Minsky moment in the next year or two is a strong possibility.

Seems to be my sense. I am having the same sort of vague unease that I got before the housing crisis when I read the news. The contraction of available shares for trading from stock buy backs is something I have been reading about, and wondering what/how much effect it will have.

Animal spirits are roaming...

[boutons_deux]

Seems to be my sense. I am having the same sort of vague unease that I got before the housing crisis when I read the news. The contraction of available shares for trading from stock buy backs is something I have been reading about, and wondering what/how much effect it will have.

Animal spirits are roaming...

stock buybacks were illegal until St Ronnie's group of Repugs made them legal, they are a tool for Capitalists to enrich themselves, rather than using the buyback money for investment.

[TimDunkem]

so you think I should pee infront of your 13 year old daughter?

[ducks]

Murkowski: $1 Billion Can Be Raised by Opening Alaska Refuge to Drilling

[ducks]

ducks knew who won be president
SCOREBOARD BOUTONS_DEUX

[ducks]

https://www.cnbc.com/2017/11/02/trump-picks-jerome-powell-to-succeed-yellen-as-fed-chair.html
Trump picks Jerome Powell to succeed Yellen as Fed chair

[benefactor]

ducks knew who won be president
SCOREBOARD BOUTONS_DEUX
You pee in children too...so yeah

[RandomGuy]

Seriously. I do agree, eliminate the Fascist order of "get insurance or be fined" since autonomy of body is justifiable for baby murder, but this shit makes no sense.

It is either the fascist "get insurance or be fined"

or the socialist "I just showed up to the ER without insurance, please don't let me bleed to death".

Which do you prefer?
.

[TeyshaBlue]

It is either the fascist "get insurance or be fined"

or the socialist "I just showed up to the ER without insurance, please don't let me bleed to death".

Which do you prefer?
.

Closer to #2. Btw, nobody bleeds to death in an ER because they cant pay. EMTALA pretty much spells this out.

[boutons_deux]

Closer to #2. Btw, nobody bleeds to death in an ER because they cant pay. EMTALA pretty much spells this out.

no, but they may get "stabilized" and shuttled off to somewhere else, like a public hospital, taking $10Ks of debt with them.


EMTALA is an unfunded mandate, since 1986.

[TeyshaBlue]

EMTALA expenses represent about 8% of hospital costs. BFD.

[CosmicCowboy]

Back to the original post about this amazing economy. What bullshit. I dont care what the stock market is doing. Its all driven by tech/advertising. Jobs report sucked again. Participation rate down by another million. This economy is fucked up.

[Xevious]

And if jobs are increasing and the market is soaring... why are wages still stagnant?

[boutons_deux]

And if jobs are increasing and the market is soaring... why are wages still stagnant?

the economy is rigged, skewed to enrich the oligarchy and suppress the incomes of the non-oligarchy

real household income has been effectively stagnant since the oligarchy installed St Ronnie as Pres

90% of the new income growth goes to the top, while the lower 4 quintiles get crumbs.

"new jobs" are mostly "gig economy" jobs, people forced to take gig work, low pay, no benefits, like driving rideshare.

rideshare is where the self-employed, independent contractor supplies all the labor, capital (the vehicle), risk, operational expenses while the TNC platform takes 30% of the fares (and still loses $Bs / year, eg, Uber)

Gig economy is 34% of US workforce

"The gig economy...is now estimated to be about 34% of the workforce and expected to be 43% by the year 2020,"

http://money.cnn.com/2017/05/24/news/economy/gig-economy-intuit/index.html

while

U.S. Employers Struggle To Match Workers With Open Jobs

http://www.npr.org/2017/08/31/547646709/u-s-employers-struggle-to-match-workers-with-open-jobs

But don't worry, it's getting better, right? Hell no.

Look at the oligarchy's budget proposed by the Repugs. It screws the lower 4 quintiles, and Ryan is only getting started.

The oligarchy's love child Ryan is obsessed, his life's Holy Grail, with destroying Medicare, Medicaid, Social Security

After the Capitalists stole 4M+ homes in the Banksters Great Depression, people were forced into renting, causes rents to rise, for Ms of people to be 40%+ of income, and forcing millions into unfixed habitation:

http://overflow.solutions/demographic-data/what-percentage-of-american-households-are-mobile-homes-rvs-boats-and-vans/

America for the lower 80% is OVER, it will only get worse, and there is no (non-violent) solution for them.

Violent revolution :lol would be crushed Ferguson-style, Kent-State-style, DAPL-style by the oligarchy's militarized/surveillance police state, which includes the "patriots serving their country for freedom!" in the military.

White working class people's longevity has been declining, totally shocking demographers, over the past decade or so, through drugs (Sackler family, thanks), alcohol, guns, a unique situation versus all other industrial countries.

[boutons_deux]

Post-recession economic recovery doesn't reach people of color as the wealth gap grows larger (https://www.dailykos.com/stories/2017/11/4/1712397/-Post-recession-economic-recovery-doesn-t-reach-people-of-color-as-the-wealth-gap-grows-larger)

Take the recent recession (http://thehill.com/homenews/state-watch/358433-wealth-gap-grows-after-recession-as-minorities-struggle-to-recover) for instance. While whites (especially wealthier ones) are, on average, recovering well from the recession, black and brown people are not.


Most Americans are still struggling to recover wealth lost during the worst recession in modern history, but those on the higher end of the economic spectrum are rebounding much faster, according to new government data.

The rising inequality is most pronounced along racial lines.
White households, especially wealthier whites, have recovered well.

Black and Hispanic households are taking far longer to recover, however, fueling a growing chasm between those with financial means and those without.

In 2016, The Nation said that black families would need 228 years (https://www.thenation.com/article/the-average-black-family-would-need-228-years-to-build-the-wealth-of-a-white-family-today/) to accumulate the same wealth as white families.

More recently, in September, Forbes calculated that the net wealth of black and Latino families could reach zero (https://www.forbes.com/sites/eriksherman/2017/09/11/median-wealth-of-black-and-latino-families-could-hit-zero-before-the-centurys-end/#bc54a2950f6a) by 2053.


The median U.S. household held $97,300 in assets in 2016, according (https://www.federalreserve.gov/econres/scfindex.htm) to the Federal Reserve Board’s Survey of Consumer Finances.

That figure is well below the $139,700 in assets the median household held in 2007, just before the recession began.

The median white household has $171,000 in assets, according (http://www.pewresearch.org/fact-tank/2017/11/01/how-wealth-inequality-has-changed-in-the-u-s-since-the-great-recession-by-race-ethnicity-and-income/) to a Pew Research Center analysis of the Fed data. That’s 10-times larger than the $17,100 in wealth held by the median black household and eight times more than the $20,600 in wealth owned by the median Hispanic household.

The recession, in short, wiped out decades of slow but steady gains among minority households who now hold assets similar in size to the median household in the late 1990s.

“We’re talking about being set back 20 years or more for Hispanic and black families,” said Rakesh Kochhar, Pew’s associate director of research.


And this is not limited to wealthy whites. This is a gap that spans income levels. Even low-income whites have more wealth than the average black family.

Among low-income households, the median white family holds three times the wealth of the median Hispanic family and more than four times the wealth of the median black family.

Middle-income whites have four times the wealth of black families in the same bracket and more than three times the median wealth of middle-income Hispanic families. [...]

Just 45 percent of black households owned their own homes, Russell’s analysis showed, compared with 72.5 percent of non-Hispanic white households. Home ownership rates among blacks have fallen farther than rates among non-Hispanic whites. And homes owned by African-Americans declined in value almost twice as much as homes owned by whites.


This is where we are in 2017.

More proof that all of our “anyone can be anything” and

post-racial attitudes are really myth.



https://www.dailykos.com/stories/1712397