Not AGAIN
- Thread starter 79eer
- Start date
No just laughing that you're bringing us the daily pre-market wall street report. My portfolio does better when the market is up so up is good, no complaints.
You could make it more palatable if you would refer to the Trump economy as the post Obama economy........Let them think that their Lord and Savior has some positive effect on this economy.....Other than a poor reference point.
The Obama economy was like my travels to school days.....A struggle to go uphill both ways.....
I absolutely love this latest talking point from the left to try and detract from the strength of the economy, jobs, and market.
However, I’ll agree, the DOW by itself is not an accurate barometer. The DOW, coupled with monthly jobs reports, record low unemployment, and increases to wage gains are likely a more complete picture. Would you like to discuss those things as well?
Sure, I think traditional economic wisdom is forecasting a likely recession. The trade wars are having a negative impact, unrelated but global economies are all down, reckless spending for 2 decades, 9 years of a bull market and growth, and some other factors point to reality. We’ll have a recession. We were on track for one before he was elected and are still on path. If it doesn’t happen before Nov of next year, he’ll likely get re-elected. If it does, he won’t. If doesn’t happen, he loses, and it happens on the Dem’s watch, I look forward to hearing the spin. I mean, when the news is positive, it’s still Obama’s economyx
The global economies are unrelated to what...the trade wars or the unrelated to our possible recession? I don't see how either of those are possible. That line is a bit confusing to me.
Some economists are saying by late 2020. That is hardly most indexes and also makes a lot of assumptions.
Other country’s economies that are slowing or showing signs of a recessions are not directly or solely related to the trade war. And if my statement is inaccurate and they are directly and solely attributable to the trade war they probably need to make a change and think about capitulating. China isn’t the country I’m referencing here though because their downturn is 100% related to the trade war.
Right. But we live in a global economy. The 2 major economies are in a major trade war, disrupting supply lines for everyone and trickling down to all other economies, resulting in weakening economies. Which, as you said, weakens our economy.
Ok, but how does that explain the recessions that we’re starting to occur before the trade war went into effect?
Europe was already showing significant signs before tariffs went into effect. As far as I know, China isn’t also leveraging tariffs on European nations.
Not sure they were recessions starting before the tariffs. To the best of my knowledge, the European economy grew in 2017 and continued to grow in 2018, though the growth slowed and was less than expected....because of the tariff wars.
Right? The spillover from the 2 major economies is bleeding into economies not directly related to any tariff.
One would think then that those other countries might consider picking a side and forcing pressure on the other to make a deal. Almost like the pressure you’d get from a trade partnership without one being there.
And I might have my information wrong. I could’ve sworn the EU was starting to slow down significantly by the end of Obama’s tenure and EU recession discussions were occurring about when Trump came into office. Maybe that was just leftist rhetoric.
Probably be more inclined if the President of the one they would align with wouldn't constantly threaten and belittle them with tariffs. lol. Isn't this what anyone with common sense has said since day 1? Like day 1 of the administration, not day 1 of the tariffs. Are you just picking up on that?
Haven’t disagreed.
Seems like a good plan for them then. Put their egos ahead of their financial stability. Seems like great leadership.
Brexit threatened a recession, but Europe started booming in 2016.
Economic situation: Beyond the peak
The eurozone economy has been in an economic downturn since mid-2018 (figure 1), following the boom phase of the recovery that began in 2016. In line with this shift, most forecasters have lowered the projected growth rates for the eurozone.
Interestingly, the overall weakness of the eurozone is mainly driven by the industrial sectors—the very sectors that normally power economic growth in Europe. Industrial production has been on a downward trend since 2018, especially in chemical and automotive sectors.5 There are numerous reasons for it—rising protectionism as well as declining growth rates in the United States and China have likely increased trade uncertainty and negatively impacted external demand.
Right. In a perfect world. Unfortunately, they have voters and politics in their countries as well.
Back to the insults, hard core Lib again huh? Try to stay on topic. Was written by the European Central Bank.