Page 7 of 7 FirstFirst ... 34567
Results 601 to 617 of 617

Thread: Trump Effect - Household Income Hits 15-Year High

  1. #601

    Default

    Just give Trump another four years and the US will be debt free.

    The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.”

    “The power is trade. Our deals are so bad,” Trump said. “I would immediately start renegotiating our trade deals with Mexico, China, Japan and all of these countries that are just absolutely destroying us.”

    https://thehill.com/blogs/ballot-box...ebt-in-8-years

  2. #602

    Default

    I lost count. Just how many time did "I love debt" run into bankruptcy?
    Advocating a better Edmonton through effective, efficient and economical transit.

  3. #603

    Default

    https://www.newyorker.com/news/our-c...t-loser-of-all

    Between 1985 and 1994, the Times story says, Trump’s core businesses lost money every single year, and the accumulated losses came to more than a billion dollars. “In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, the Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners,” Buettner and Craig write. “His core business losses in 1990 and 1991—more than $250 million each year—were more than double those of the nearest taxpayers in the I.R.S. information for those years.”
    Turns out that all the time he was hosting The Apprentice he should have been hosting The Biggest Loser.
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  4. #604

    Default

    Unless he was running two sets of books....
    Advocating a better Edmonton through effective, efficient and economical transit.

  5. #605

    Default

    Either he's a terrible businessman or a tax-cheating fraud, neither of which is admirable whatsoever.
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  6. #606

    Default

    Quote Originally Posted by kkozoriz View Post
    Just give Trump another four years and the US will be debt free.

    The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.”

    “The power is trade. Our deals are so bad,” Trump said. “I would immediately start renegotiating our trade deals with Mexico, China, Japan and all of these countries that are just absolutely destroying us.”

    https://thehill.com/blogs/ballot-box...ebt-in-8-years
    Yeah, until the US rebuilds it’s manufacturing capability and supplies the product to itself (and somehow to the world), it’s the American buyers paying the tariffs and thus it’s just Americans paying a goods and services tax on foreign imports to pay down their own debt. Maybe the loss to the US via exported profits has been squeezed. (Not sure if China etc are spending their USD reserves on US goods - or just using them to buy up US financial assets - to ironically then take the interest and dividends back home to their countries.)
    Last edited by KC; 30-09-2019 at 11:14 AM.

  7. #607

    Default

    China now making 56% of the world's steel

    Yup, those steel jobs are just racing back to the US....
    Advocating a better Edmonton through effective, efficient and economical transit.

  8. #608
    C2E Hard Core Contributor
    Join Date
    May 2009
    Location
    Where ever the pilot takes me
    Posts
    2,349

    Default

    ^The ISM manufacturing index is the lowest since the Great Recession in 2009. Global GDP for 2020 is predicted to decline. All thanks to global trade friction.
    Did my dog just fall into a pothole???

  9. #609

    Default

    US unemployment is lowest it has been since 1969:

    https://tradingeconomics.com/united-...mployment-rate

  10. #610

    Default

    The unemployment rate, for example, dropped even further, to 3.5 percent. That’s the lowest rate of unemployed Americans recorded since December 1969.

    Yet none of this means much to middle- and working-class families: Workers’ hourly wages dropped by a penny in September. While that might not seem like a lot, it’s worth remembering that wages should grow, not shrink, during the longest economic expansion in US history.

    It’s still relatively easy for many to find a job these days, and those who lose their jobs, or decide to leave, don’t have as a hard time finding another position.

    But millions of Americans are working part-time jobs when they would rather get full-time gigs, or at least work more hours. The number of people in that group —4.4 million workers— didn’t budge in September.
    Some context to that.

    https://www.vox.com/identities/2019/...er-jobs-report
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  11. #611
    C2E Hard Core Contributor
    Join Date
    Jan 2008
    Location
    Edmonton
    Posts
    3,103

    Default

    Despite Trump's bluster that trade wars are easy to win, it's interesting the opposite is actually occurring.

    Compared to the last two years of the Obama presidency, the US trade deficit is up by almost $100 billion during the first full two years of the Trump presidency, with the 2019 trade deficit tracking at the same elevated levels as 2018 based on the first eight months of data.

    Details here: https://www.census.gov/foreign-trade/balance/c0004.html

  12. #612

    Default

    In before "the census has a well known lefty bias".
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  13. #613

    Default

    Unemployment rate is lowest in 50 years, payrolls rise by 136,000 as economy reaches full employment:

    https://www.cnbc.com/2019/10/04/jobs...-NzWW83x_YL9HM

  14. #614

    Default

    Wages rose just 2.9% for the year, the lowest increase since July 2018.
    Seems like the growth in the economy isn't trickling down just yet...
    Giving less of a damn than ever… Can't laugh at the ignorant if you ignore them!

  15. #615

    Default

    I just posted this on one of c2e investing threads but for the Trump supporters etc. who seem to obtain their financial wisdom through alternative media paths, I thought they might just be willing to watch this YouTube video if posted here.

    Investors should short the S&P 500: Gary Shilling - YouTube
    https://www.youtube.com/watch?v=AzL38AVowKk

  16. #616

    Default

    Quote Originally Posted by MrOilers View Post
    Unemployment rate is lowest in 50 years, payrolls rise by 136,000 as economy reaches full employment:

    https://www.cnbc.com/2019/10/04/jobs...-NzWW83x_YL9HM
    Watch that video I just posted. Note how unemployment can continue to fall Well into a recession getting underway. Also note Shillings comment on the trillions of dollars no one cares about.

    Trump has borrowed and spent - just like Obama.

    Also look around you - low interest rates now have every second Edmontonian (and probably Russian) driving a luxury car/SUV. In the US, consumers go even crazier with binge spending due to low interest rates. (Think of the taxing and other conditions that set the stage for the “Roaring 20s” and then the 1929 Stock Market Crash and the 1930s Great Depression.
    Last edited by KC; 20-10-2019 at 08:02 AM.

  17. #617

    Default

    Where’s the outcry? Trump’s Tariffs are a bit like the hated carbon tax that hits people that can’t do anything to avoid using oil. The tariffs can be hitting people that don’t have a choice but to buy the Chinese goods.

    $70 billion though is pocket change in terms of their big picture.

    U.S. Collected a Record $7 Billion in Tariffs in September - WSJ

    “ “It’s a massive expansion of taxation on American employers and consumers,” said Peter Bragdon, chief administrative officer of Columbia Sportswear Co., whose firm had many apparel items hit in the latest tranche of tariffs. The company has notified customers that they would have to raise prices on many of those items, he said.”

    “ In the 12 months through September, the U.S. brought in more than $70 billion in tariffs, according to data from the Treasury Department. That figure is about double the amount of tariff revenue from before the trade war.”

    https://www.wsj.com/articles/u-s-col...er-11573052402
    Last edited by KC; 10-11-2019 at 08:36 AM.

Page 7 of 7 FirstFirst ... 34567

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •