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Thread: Thank you President Trump. The economy just keeps choogling along...

  1. #331
    Santa left an early present in Donald Trump’s stocking — via the Bureau of Labor Statistics. Job creation in November hit a one-year high and marked only the third time in 2019 that the US economy added more than 200,000 jobs in a month. The unemployment rate remained low, although the civilian participation rate dropped slightly.

    Part of the gain came from the end of an auto-worker strike, but even without that, job creation would have been relatively robust and well over 200K:

    Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Employment rose in manufacturing, reflecting the return of workers from a strike.
    Both the unemployment rate, at 3.5 percent, and the number of unemployed persons, at 5.8 million, changed little in November. (See table A-1.)
    Among the major worker groups, the unemployment rates for adult men (3.2 percent), adult women (3.2 percent), teenagers (12.0 percent), Whites (3.2 percent), Blacks (5.5 percent), Asians (2.6 percent), and Hispanics (4.2 percent) showed little or no change in November. (See tables A-1, A-2, and A-3.)
    The number of long-term unemployed (those jobless for 27 weeks or more), at 1.2 million, was essentially unchanged in November and accounted for 20.8 percent of the unemployed. (See table A12.)
    The labor force participation rate was little changed at 63.2 percent in November. The employment-population ratio was 61.0 percent for the third consecutive month. (See table A-1.)
    The revisions also added to the holiday joy, boosting previous job creation numbers by 41,000 over the past two months. That puts the three-month average for job creation at a respectable growth level of 205,000. That also more or less negates the impact of the strike, which took place entirely within that three-month period, meaning job growth has returned to a healthier level at the close of 2019.
    Wage growth also continued its winning streak. Average hourly earnings in November went up by seven cents, which annualizes to wage growth of 3.1%, well ahead of inflation. That means consistent, if not spectacular, growth in purchasing power for working families, a point that will not be lost on those families if that continues through next November.
    Another hint of better job growth came in the part-time numbers, which declined across the board but especially in the economic-reasons categories. Those working part-time because of slack economic conditions dropped by 121,000, while those who could only find part-time work dropped by another 19,000. The level of reported discouraged workers dropped by 16,000 from October and has fallen by 128,000 over the past year, although those numbers are not seasonally adjusted.

    This might be the least equivocal jobs report we have seen in quite a long time, maybe even since 2017. It comes at a particularly good time for Trump, not just in the election cycle but also in contrast to impeachment. We can expect the White House to argue that this shows Trump is focused on the people while the Democrats in Congress are focusing only on themselves — and if that’s not a message that’s already out by the time this post goes up, someone in the White House comms center needs to find a new job.

    More at: https://hotair.com/archives/ed-morri...ber-best-year/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

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  3. #332




    the year-over-year wage growth is 3.1% with non-supervisory wages growing double the rate of supervisory wages.

    Also in November, 1.2 million persons were marginally attached to the labor force. This is a reduction of 432,000 from a year earlier. Those additional jobs are not counted in any labor report because those returning workers were previously not looking for employment; they came off the sidelines and entered the workforce. AMERICA IS WORKING AGAIN !

    More at: https://theconservativetreehouse.com...inflation-1-4/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #333
    Santa left an early present in Donald Trump’s stocking — via the Bureau of Labor Statistics. Job creation in November hit a one-year high and marked only the third time in 2019 that the US economy added more than 200,000 jobs in a month. The unemployment rate remained low, although the civilian participation rate dropped slightly.
    Keeping in mind that over 40,000 of those jobs were striking auto workers returning to their jobs. But it still is a decent number.



    On the other hand, US manufacturing declined for the fourth consecutive month.

    https://www.supplychaindive.com/news...covery/568335/

    The U.S. manufacturing sector contracted for the fourth consecutive month in November, according to the Institute for Supply Management's (ISM) purchasing manager's index (PMI). A PMI of 50 or higher indicates growth in manufacturing, while a level below 50 indicates a contraction. ​The PMI came in at 48.1%, a 0.2 percentage point decrease from October's 48.3% reading, missing a target of 49.2% expected by a survey of Bloomberg economists.
    Last edited by Zippyjuan; 12-06-2019 at 09:20 PM.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
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  5. #334
    Skimming through the mainstream media websites, one would find numerous articles decrying the plight of US farmers caught in the middle of the US-China trade war, such as these: "Farmers’ Despair Pushes States to Act", "Farm Bankruptcies Rise Again", "Amid Trump Tariffs, Farm Bankruptcies And Suicides Rise." However, there may be more here than meets the conventional eye.
    As Commodore Research managing director Jeffrey Landsberg writes, US farm income in 2019 is on pace for the highest income seen in six Years. This, Landsberg continues, "is very significant as US farmers are not faring nearly as poorly as many pundits and media outlets continue to state. As a result, US farmers collectively have not been in any real uproar and are not jeopardizing Trump’s re-election chances."
    The surging farm net income stands in stark contrast with the documented spike in bankruptcies, which has prompted some to whether this is a case of a handful of farmers pocketing the majority of the upside, or merely more farmers taking advantage of the political climate and filing bankruptcy for insurance or other tangential purposes.
    We present Commodore's full note below:

    Extremely noteworthy to us is that the United States Department of Agriculture recently announced that US net farm income this year will climb to its highest level since 2013. This is very significant as US farmers are not faring nearly as poorly as many pundits and media outlets continue to often report. As a result, US farmers collectively have not been in any real uproar and are not jeopardizing Trump’s re-election chances.
    US net farm income this year is on pace to total $92.5 billion. This would mark a year-on-year increase of $8.5 billion (10%) and would mark the highest income since 2013’s record $123.7 billion.



    Federal government direct farm program payments are contributing to a large amount of the income. Federal government direct farm program payments are expected to end this year at a very robust $22.4 billion, which is $8.7 billion (64%) more than was issued in 2018.
    This includes the Market Facilitation Program payments, which is the official name for President’s Trump tariff payments that are going to farmers to make up for the weakness in exports. The $22.4 billion in federal government direct farm program payments marks a record for this decade (and includes $14.5 billion in Trump’s Market Facilitation Program payments).



    https://www.zerohedge.com/markets/co...east-year-2013

    Even without the government money farms aren't doing so bad, even with all the bad weather and other bad things happening.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

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  6. #335
    Noting that about a quarter of net farm income was from government subsidies.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    I am Zippy and I approve of this post. But you don't have to.

  7. #336
    It may be choogling along but it won't be choogling along in Celadon or Henderson transport trucks.

    Largest truck transport company Celadon files CH11 bankruptcy amid manufacturing recession
    https://www.ttnews.com/articles/cela...tcy-shuts-down

    Henderson Truck Lines files bankruptcy
    https://www.ttnews.com/articles/hend...-11-bankruptcy
    Last edited by devil21; 12-11-2019 at 01:34 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

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  9. #337
    In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.
    The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.
    Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:

    The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly eliminated the risk of a recession.
    This marks a dramatic turnaround in momentum since August, when some forecasters predicted a 50 percent chance of a downturn starting by the end of next year.
    […] The major fears in August were that businesses would continue pulling back their spending, Trump would continue imposing tariffs, and companies would soon turn around and ax employees. But that worst-case scenario didn’t materialize. Job gains exceeded expectations in October and November. (read more)




    https://theconservativetreehouse.com...the-recession/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  10. #338
    Quote Originally Posted by devil21 View Post
    It may be choogling along but it won't be choogling along in Celadon or Henderson transport trucks.

    Largest truck transport company Celadon files CH11 bankruptcy amid manufacturing recession
    https://www.ttnews.com/articles/cela...tcy-shuts-down

    Henderson Truck Lines files bankruptcy
    https://www.ttnews.com/articles/hend...-11-bankruptcy
    That's due to financial shenanigans, not lack of work. I was lurking in a Facebook group created to help the Celadon drivers get home and such, and there were 6 - 7 trucking firms in there begging the drivers to come work for them. I swear half of them had new jobs in under 2 hours.

    But this isn't a recovery, or a boom. This is the beginning of the end. We're already at a point where savings is a negative return if you factor in inflation. Interest rates are too low, and the stock market is overvalued.
    Last edited by angelatc; 12-17-2019 at 12:50 AM.

  11. #339
    Which group is fiscally smarter:

    a- globalist neocons inspired GOP Bush's supporters from 2003-08 ( before artificially propped up wars QE inflated economy bubble burst) or

    b- GOPA wing-Deep neocons inspired MAGA wing QE inflated propped up bubble supporters in 2019?

    Why Are Central Banks Panicking?
    Dec 9, 2019

    https://www.youtube.com/watch?v=uFgVUWJZLAQ

    Still not conviced that Wall Street is being manipulated by deep neocons to support Iran war fantasies modeling after Iraq war model pre subprime bubble.

  12. #340
    Quote Originally Posted by angelatc View Post
    That's due to financial shenanigans, not lack of work. I was lurking in a Facebook group created to help the Celadon drivers get home and such, and there were 6 - 7 trucking firms in there begging the drivers to come work for them. I swear half of them had new jobs in under 2 hours.

    But this isn't a recovery, or a boom. This is the beginning of the end. We're already at a point where savings is a negative return if you factor in inflation. Interest rates are too low, and the stock market is overvalued.
    Things are beginning to turn around.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  13. #341
    Quote Originally Posted by angelatc View Post
    That's due to financial shenanigans, not lack of work. I was lurking in a Facebook group created to help the Celadon drivers get home and such, and there were 6 - 7 trucking firms in there begging the drivers to come work for them. I swear half of them had new jobs in under 2 hours.

    But this isn't a recovery, or a boom. This is the beginning of the end. We're already at a point where savings is a negative return if you factor in inflation. Interest rates are too low, and the stock market is overvalued.
    There definitely is a manufacturing recession and rail freight traffic continues down. Both of those metrics are relayed directly to me by people in industry that would know. At some point that must translate to less truck traffic.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  14. #342
    Quote Originally Posted by angelatc View Post
    That's due to financial shenanigans, not lack of work. I was lurking in a Facebook group created to help the Celadon drivers get home and such, and there were 6 - 7 trucking firms in there begging the drivers to come work for them. I swear half of them had new jobs in under 2 hours.

    But this isn't a recovery, or a boom. This is the beginning of the end. We're already at a point where savings is a negative return if you factor in inflation. Interest rates are too low, and the stock market is overvalued.
    Banks have always paid less then the rate of inflation on deposits. A lender wants a profit.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    I am Zippy and I approve of this post. But you don't have to.

  15. #343
    U.S. manufacturing output rebounded more than expected in November, as the end of an almost six-week strike at General Motors plants boosted auto production.
    The Federal Reserve said on Tuesday that manufacturing production rose 1.1% last month after a downwardly revised 0.7% fall in October. Industrial output also rose 1.1% in November after a downwardly revised drop of 0.9% in October.
    Excluding motor vehicles and parts, overall industrial production and manufacturing output in November rose 0.5% and 0.3% respectively.

    There was a 12.4% jump in the production of motor vehicles and parts in November. Overall, production rose 2.1% for consumer goods and 1.7% for business equipment, the Fed said. Utilities output increased 2.9% compared to a decline of 2.4% in the previous month.

    With overall industrial output rising, capacity utilization, a measure of how fully firms are using their resources, increased 0.7 percentage point to 77.3% in November from a downwardly revised 76.6% in October.

    More at: https://www.cnbc.com/2019/12/17/us-i...mber-2019.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  16. #344
    One month after US job openings unexpectedly tumbled to an 18 month low, while the drop in the quits level confirmed the US labor market had cooled off substantially, moments ago the BLS reported that in October, there was a substantial rebound in the labor market from the perspective of Janet Yellen's favorite indicator, the JOLTS report.
    According to the BLS, in October the total number of job openings rebounded sharply, and after last month's 277K plunge to 7.024, in October the number of job opening jumped by 235K to 7.267K, the biggest one-month increase since March, and well above the 7.009MM expected.

    The largest increases in job openings levels were in retail trade (+125,000), finance and insurance (+56,000), and durable goods manufacturing (+50,000). The largest decreases in job openings were in nondurable goods manufacturing (-36,000), information (-33,000), and arts, entertainment, and recreation (-26,000). The number of job openings was little changed in all four regions.

    Thanks to the latest rebound in job openings, there have now been more US job openings than unemployed workers for a record 20 consecutive months, and in October there were 1.4 million Job Openings (7.267MM) than unemployed workers (5.811MM).



    Finally, according to the final closely watched JOLTS metric, the so-called "take this job and shove it" indicator - the total level of "quits" which shows worker confidence that they can leave their current job and find a better paying job elsewhere - rose for the first time after two months of declines, and in October quits rose by 41K to 3.512MM from 3.471MM.



    Quits increased in other services (+66,000) and educational services (+12,000). Quits decreased in retail trade (-63,000) and in durable goods manufacturing (-21,000).
    As of October, the Beveridge curve looked as follows:

    During an expansion, the job openings rate is high and the unemployment rate is low moving to points along the curve up and to the left. During a contraction, the job openings rate is low and the unemployment rate is high moving to points along the curve down and to the right. A shift in the Beveridge curve can indicate a structural shift in the economy due to industry-based structural mismatch and geography-based structural mismatch. For example, if the job openings rate and the unemployment rate are both high, this could shift the entire curve up and to the right. From the start of the most recent recession in December 2007 through the end of 2009, the series trended lower and further to the right as the job openings rate declined and the unemployment rate rose.

    More at: https://www.zerohedge.com/markets/jo...hiring-tumbles
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  18. #345
    All I know is that my business is up a solid 10% over last year (with a couple more checks that should roll in before EOY).
    Up 31% from Obama's last year in office, with no increased investment, no increased rates, and less actual working hours. Add on top of that the tax cuts that were very beneficial to small business owners like myself. I'll take the Trump economy over the Obama one.

  19. #346
    Quote Originally Posted by specsaregood View Post
    All I know is that my business is up a solid 10% over last year (with a couple more checks that should roll in before EOY).
    Up 31% from Obama's last year in office, with no increased investment, no increased rates, and less actual working hours. Add on top of that the tax cuts that were very beneficial to small business owners like myself. I'll take the Trump economy over the Obama one.
    Obama economy is a food stamp and govt pd phone economy .
    Do something Danke

  20. #347
    Quote Originally Posted by Zippyjuan View Post
    Banks have always paid less then the rate of inflation on deposits. A lender wants a profit.
    That's just simply not true.

  21. #348
    After a surprise slowdown in October, analysts were hopeful of a rebound in incomes and spending of Americans in November and they got just that.

    • US Personal Incomes rose 0.5% MoM (dramatically better than the 0.0% in October - revised up to +0.1% - and expectations of a 0.3% rise)
    • US Personal Spending rose 0.4% MoM (printing as expected and accelerating from October's +0.3%)




    On a year-over-year basis, both incomes and spending re-accelerated but it was incomes that outperformed - up 4.9% YoY, the highest since Dec 2018



    The specifics show private workers doing best:

    • Private worker wages up 5.7% Y/Y
    • Government worker wages up 3.4% Y/Y


    The income over spending gap means that savings rose in November (personal savings rate rose from 7.8% to 7.9%)...



    More at: https://www.zerohedge.com/personal-f...spending-picks
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  22. #349
    Cha-cha-cha CHOOGLIN'!

  23. #350
    Quote Originally Posted by devil21 View Post
    There definitely is a manufacturing recession and rail freight traffic continues down. Both of those metrics are relayed directly to me by people in industry that would know. At some point that must translate to less truck traffic.
    Don't know where this logic is coming from. Manufacturing being down does not necessarily mean trucking activity will go down.

    You need trucks to do more than just domestically produced goods.
    Quote Originally Posted by juleswin View Post
    Bernie will bring about a more free market in the US than Trump. Hence the reason I wouldn't mind having him as my next president.

    Rand Paul : Ultimately, if someone's going to accuse you of something that's going to bring down a presidency, I think we deserve to know who that person is.
    Quote Originally Posted by r3volution 3.0 View Post
    What a grotesque embarrassment Rand has become
    Ron Paul : If you're accused of a crime, you have the right to face your accuser.
    R3v 3.0, calling RP a grotesque embarrassment gets u a DERP DERP.

  24. #351
    Quote Originally Posted by eleganz View Post
    Don't know where this logic is coming from. Manufacturing being down does not necessarily mean trucking activity will go down.

    You need trucks to do more than just domestically produced goods.
    Both manufacturing and rail traffic are down. My rail source (a train conductor) said Amazon is using rail more now, presumably for imported goods, and without that the drop in rail traffic would be even larger than it is. Unless imported goods traffic rises, which would be contrary to the narrative of reducing trade deficits with less imports, something's gotta give. FedEx's recent quarterly numbers were bad and future guidance even worse. Seems to me that freight companies starting to go under, rail traffic dropping, major shipper giving bad future guidance and a manufacturing recession in effect (from an executive at a direct competitor to 3M), indicates trucking activity is and will continue to slow.
    Last edited by devil21; 12-21-2019 at 10:03 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  25. #352
    https://twitter.com/AndyPuzder/statu...96725466537985

    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  27. #353
    Forget everything the mainstream media and economists are telling you about a recession… the U.S. economy is ROARING. To see this, however, you need to look outside the official data, which is so heavily gimmicked that it borders on fiction.
    Instead, take a look at corporate sales.
    While there are literally dozens of ways through which companies can boost their earnings, sales are all but impossible to fake. Either money came in the door or not. As such they’re a great read on the economy, particularly the power of the U.S. consumer which makes up 70% of GDP.
    With that in mind, consider that the average Year over Year sales growth for a basket of economically sensitive companies shows growth is near 5%…not 2% or 3%… 5%.



    Interestingly, the slowest was in Wal-Mart, while the highest sales growth was in consumer discretionary items like Amazon and Coke. Typically, we see sales growth rise dramatically at Wal-Mart when the economy slows as more and more consumers become price sensitive.
    With that in mind, the above table suggests, that despite all the negative claims by the media, the American consumer is going strong: he and she are shopping for higher priced, discretionary items.
    Now take a look at this table comparing Quarter over Quarter sales growth for the last three quarters for those same companies.
    Looking at this, it appears the U.S. economy did indeed slow in the first half of 2019 but is now rapidly rebounding. Quarter over Quarter we are seeing growth above 3%.
    Who are you going to believe… an economist with a spreadsheet and a bunch of fake formulas… or real companies that generate real sales based on consumer buying things?
    So once again, the Trump administration has succeeded in generating higher economic growth. And by the look of things with corporate sales today, we’re about to experience another economic boom, NOT a bust… which suggests President Trump winning a second term in a landslide.


    More at: https://www.zerohedge.com/news/2019-...growth-north-3
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  28. #354
    ^^^^^^^^
    Nominal figures are dollar revenue increases, not necessarily productivity measures. A reported 5% sales increase is presumably based on nominal dollar sales (revenues) and could indicate nothing more than an 5% averaged price inflation measurement. Regarding Coca-cola, traveling yesterday I cringed to see that a 20oz coke now sells for over $2 at a gas station. If price inflation rises 10% do we celebrate a 10% GDP figure as a blockbuster economic quarter? This is the failure of using revenue and price-based measurements to determine the health of an economy. It measures a flexible, moving target instead of measuring actual productivity.

    Besides, I question any write-up that misspells Pfizer in the data but ymmv.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  29. #355
    For decades before President Donald Trump’s tax plan took effect, U.S. corporations with foreign subsidiaries had no (sane economic) choice but to keep their overseas profits abroad. After all, they’d face double taxation if they wanted to bring them home. Their profits were already taxed by the foreign country they’re operating in, and then to repatriate those funds would’ve required them to pay the U.S. corporate tax rate, which was then among the highest in the world. By year end 2017, right before Trump signed his Tax Cuts and Jobs Act (TCJA), upwards of $2.5 trillion in cash was parked overseas. The TCJA reduced the corporate tax rate from 35% to 21%, but offered extra incentives to repatriate cash. After all, we’d rather have that money in America for economic reasons regardless of how much the government can get their hands on. The Trump tax law allowed corporations to repatriate cash at a discounted 15.5% tax rate, and a reduced 8% rate to repatriate other assets that are non-cash or illiquid.


    While estimates differ on how much cash was parked overseas pre-TCJA, between 40% and 66% has made its way back to America.
    According to Bloomberg:
    Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed. The flow rose to $95.3 billion in the third quarter from a downwardly revised $70.4 billion in the previous three months, according to Commerce Department data, reaching a total of $1.04 trillion since the end of 2017.
    Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted.
    And it’s not just business doing well. Real disposable person income rose by nearly $6,000 since the TCJA, of which nearly half can be attributed to the tax changes (based on how much wages grew above projections).

    For as much as liberals will try to convince you otherwise, it’s undeniable that the Trump tax cuts worked.


    https://bongino.com/corporations-bro...rump-tax-plan/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  30. #356
    It's funny how when Obama was in office, government supplied economic data was all fake and doctored but now that it's Trump's office, it's all truuuuue.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  31. #357
    Quote Originally Posted by devil21 View Post
    It's funny how when Obama was in office, government supplied economic data was all fake and doctored but now that it's Trump's office, it's all truuuuue.
    The private data backs it up with Trump.
    Or shows that the government data is being tilted against Trump.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  32. #358
    The number of Americans filing applications for unemployment benefits fell last week in a sign of ongoing labor market strength.

    Initial claims for state unemployment benefits decreased 13,000 to a seasonally adjusted 222,000 for the week ended Dec. 21, the Labor Department said on Thursday.
    Economists polled by Reuters had forecast claims would fall to 224,000 in the latest week.

    In November, the U.S. unemployment rate fell back to 3.5%, the lowest in nearly half a century.
    On Thursday, the Labor Department said claims for California, Hawaii, Kansas, Pennsylvania, South Dakota, Virginia and Puerto Rico were estimated for the latest week.
    The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, edged up by 2,250 to 228,000. The underlying trend in claims remains consistent with a strong labor market.
    Labor market strength is underpinning consumer spending, keeping the economy on a moderate growth path despite headwinds from trade tensions and slowing global growth that have weighed on manufacturing.
    Thursday’s claims report also showed the number of people receiving benefits after an initial week of aid fell 6,000 to 1.72 million for the week ended Dec. 14. The four-week moving average of the so-called continuing claims rose 19,250 to 1.70 million.

    More at: https://www.reuters.com/article/us-u...-idUSKBN1YU0SM
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  33. #359
    Following November's dismal disappointing employment change (+66.9k - 2nd weakest since March 2010), analysts expected a rebound in jobs growth in December, and it rebounded dramatically.
    November's +67k was revised dramatically higher to +124k and December printed +202k (vs +160k expectations). This is the highest employment gain since April



    Both Services and Goods sectors added jobs, with a dramatic rebound in manufacturing...



    More at: https://www.zerohedge.com/economics/...ges-best-april
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  34. #360
    Fewer Americans filed first time applications for unemployment benefits last week, as the labor market appears to be holding up at a stronger level than expected.
    New applications for state unemployment benefits fell 9,000 to a seasonally adjusted 214,000, the Labor Department said Thursday. This was the fourth consecutive weekly decline, largely reversing the climb in claims in early December. The higher numbers in the first weeks of December led some to believe the labor market was cooling.
    Economists had expected claims to come in at 219,000.

    More at: https://www.breitbart.com/economy/20...ted-to-214000/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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