Outlook for the US economy and stock market brightens

[apdst]

Sorry Leftists. Looks like doomsday has been posponed. Better luck next time.

Outlook for the US economy and stock market brightens

 

[Mongidig]

More bad news for the whacko's. Yikes!

 

[Sabre]

S&P 500 and Nasdaq close at record highs after strong GDP report

The S&P 500 and Nasdaq Composite closed at record highs on Friday as better-than-expected economic data offset a mixed batch of corporate earnings.

The S&P 500 climbed 0.5% to 2,939.88, an all-time closing high. The tech-heavy Nasdaq ended the day up 0.3% at 8,146.40. The Dow Jones Industrial Average rose 81.25 points to 26,543.33 and closed 1.5% below its all-time high.

First-quarter gross domestic product was 3.2%, the Commerce Department said on Friday, topping the consensus economist estimate of 2.5%, according to Dow Jones. An increase in exports drove the better-than-expected number.

“The economic expansion will set new records for longevity in July and it looks like there is no stopping this economy,” said Chris Rupkey, chief financial economist at MUFG, in a note. “We had all but given up on the first quarter with the Federal government shutdown ending January 25, frigid winter weather conditions shutting down manufacturing production, and the fears of a world growth slowdown.”

“So far the fears are unfounded,” Rupkey said.

Yeah, looks like the Trump administration is really making a mess of things. [sarcasm]

S&P 500 and Nasdaq close at record highs after strong GDP report

 

[nekrodev]

economy looking great if you're a CEO or shareholder of big corporations

not so good if you're a normal person working for them. you'd know that, too, if you read the article and weren't a partisan hack.

 

[washunut]

economy looking great if you're a CEO or shareholder of big corporations

not so good if you're a normal person working for them. you'd know that, too, if you read the article and weren't a partisan hack.

I thought it was a balanced report which included where some of the Q1 good news might be reversed later in the year. Don't see anything about where the economy was only good for CEOs and shareholders.

You do understand that wage growth is increasing, which is good for all. Rising stock prices is also good for retirees living off their 401Ks.

 

[nekrodev]

I thought it was a balanced report which included where some of the Q1 good news might be reversed later in the year. Don't see anything about where the economy was only good for CEOs and shareholders.

You do understand that wage growth is increasing, which is good for all. Rising stock prices is also good for retirees living off their 401Ks.

the stock market is not a good indicator of how a majority of people in America are doing financially, that's the point. this article doesn't take into account anything else, really. the people who actually care about stocks are the CEOs and shareholders who are making the most off of that.

i have a 401k and it's nice when there's an uptick, but it's not changing my life, so long as it's not crashing, which it probably will soon, and then I don't wanna hear **** from anyone.

wage growth is "increasing", but only in comparison to the massive hit we took in 2008. we're still not caught back up from that yet, and if you factor in everything else, wages have been stagnate since like the 70s.

 

[yankintx]

More bad news for the whacko's. Yikes!

No one is wishing the economy to take a turn down for political reasons. Though it would be nice for the Right to thank Obama for dealing Rump a good hand, never going to happen, there heads would explode.

 

[washunut]

the stock market is not a good indicator of how a majority of people in America are doing financially, that's the point. this article doesn't take into account anything else, really. the people who actually care about stocks are the CEOs and shareholders who are making the most off of that.

i have a 401k and it's nice when there's an uptick, but it's not changing my life, so long as it's not crashing, which it probably will soon, and then I don't wanna hear **** from anyone.

wage growth is "increasing", but only in comparison to the massive hit we took in 2008. we're still not caught back up from that yet, and if you factor in everything else, wages have been stagnate since like the 70s.

I wonder if you understand what it means that wages are stagnant since the 70s. Do you know someone who has had the same job or gotten promotions who gets the same pay as 40 years ago? Is there any government employee or doctor, lawyer or accountant that falls into that category? no.

What it really means is that people who were once factory workers making a living wage are now Wal mart greeters. So when people talk about globalists vs nationalists it is something you should consider rather than relying on a political party's talking points.

Not sure why the market will crash soon. If you expect Trump to be out of office, we will get all the market enhancers that Bernie and Liz promise in 2021.

 

[nekrodev]

I wonder if you understand what it means that wages are stagnant since the 70s. Do you know someone who has had the same job or gotten promotions who gets the same pay as 40 years ago? Is there any government employee or doctor, lawyer or accountant that falls into that category? no.

What it really means is that people who were once factory workers making a living wage are now Wal mart greeters. So when people talk about globalists vs nationalists it is something you should consider rather than relying on a political party's talking points.

Not sure why the market will crash soon. If you expect Trump to be out of office, we will get all the market enhancers that Bernie and Liz promise in 2021.

I don't know any doctors, accountants, or lawyers, but I know plenty of factory workers who are still working in factories and making basically the same thing. between inflation, and the rising cost of everything else, money just isn't worth as much as it should be. what most people make now, in any realistic measure, is not much, if any better than working a similar job 40 years ago. comparatively, production and corporate profits have gone up massively, and rich people have gotten literally magnitudes richer.

Donald Trump has been working towards the same thing that every other Republican president in the last 40 years has done that's led to a crash - tax cuts and deregulation. All it's going to take is one incident, and the whole things come crashing down. It could be a tweet from Trump that does it, given his fondness of tweeting threats and major policy decisions without regard for consequence and without speaking to his advisors first.

There's no policy that is going to get implemented in January 2021, when the Dem candidate is inaugurated that is going to stop 4 years of Trump. We'll be back to the beginning of Obama's presidency, just trying to do everything we can to stay afloat, and slowly climb out of the hole.

 

[Mongidig]

No one is wishing the economy to take a turn down for political reasons. Though it would be nice for the Right to thank Obama for dealing Rump a good hand, never going to happen, there heads would explode.

I'm pretty sure that you would prefer bad things to happen to this country to benefit you politically even though you'll never admit it. Kinda like Omar.

 

[Idiometer]

Sorry Leftists. Looks like doomsday has been posponed. Better luck next time.

Outlook for the US economy and stock market brightens

Did you actually read the article? Rosy outlook for sharholders, mostly due to the Fed stating that interest rates will not rise, but not so rosy for most Americans. From YOUR article:

"... improvement in the trade deficit last quarter occurred partly because imports fell sharply after many companies ramped up their buying from China last year in advance of potential tariff increases the Trump administration had scheduled for Jan. 1."

"The White House ended up delaying those tariffs. As imports return to normal, the trade deficit will likely widen again."

** "Taking out the over-sized boosts from net trade, inventories and highways investment, which will all be reversed in the coming quarters, growth was only around 1%,” said Paul Ashworth, an economist at Capital Economics. “Under those circumstances, we continue to expect that GDP growth will slow this year.” **

Yeah. Rosy.

:applaud

 

[apdst]

Did you actually read the article? Rosy outlook for sharholders, mostly due to the Fed stating that interest rates will not rise, but not so rosy for most Americans. From YOUR article:

"... improvement in the trade deficit last quarter occurred partly because imports fell sharply after many companies ramped up their buying from China last year in advance of potential tariff increases the Trump administration had scheduled for Jan. 1."

"The White House ended up delaying those tariffs. As imports return to normal, the trade deficit will likely widen again."

** "Taking out the over-sized boosts from net trade, inventories and highways investment, which will all be reversed in the coming quarters, growth was only around 1%,” said Paul Ashworth, an economist at Capital Economics. “Under those circumstances, we continue to expect that GDP growth will slow this year.” **

Yeah. Rosy.

:applaud

Oh...so, a healthy stock market doesn't mean anything, now?

It sure as hell was a big deal when the market slumped last year.

 

[Idiometer]

I wonder if you understand what it means that wages are stagnant since the 70s. Do you know someone who has had the same job or gotten promotions who gets the same pay as 40 years ago? Is there any government employee or doctor, lawyer or accountant that falls into that category? no.

What it really means is that people who were once factory workers making a living wage are now Wal mart greeters. So when people talk about globalists vs nationalists it is something you should consider rather than relying on a political party's talking points.

Not sure why the market will crash soon. If you expect Trump to be out of office, we will get all the market enhancers that Bernie and Liz promise in 2021.

It isn't abput the lifers who work for the same company for decades, it's about MOST Americans who go from job to job out of necessity. Here's an example from my own history:

In the late nineties, I lived and worked in NYC. I was an independent contractor and my hourly rate had gone up to $67. Then came 9/11, and temps and contractors got their jobs cut. Over that next year, I couldn't find ANY work at a rate higher than $45 per hour. I returned to California and obtained a decent rate of $50 per hour, and my pay over the next 14 years fluctuated between a high of $58 and a low of $36. Meanwhile, inflation only went b in one direction. That's unsustainable.

The only reason wages are beginning to rise, slowly, is demand. The job market was a buyer's market for almost 20 years. Now the worm has turned and it's a seller's market, but workers (I'm retired now) are still timid from the utter shell shock of those often desperate decades that they are not yet asking for what they are worth, hence the very slow rate at which pay is rising.

Add to that the fact that so many of the added jobs pay so much less than most workers were able to get before this century started, and wage stagnation still remains for most workers.

 

[Idiometer]

I'm pretty sure that you would prefer bad things to happen to this country to benefit you politically even though you'll never admit it. Kinda like Omar.

Another one.

Only righties are arrogant enough to tell others what they want or what they feel.

 

[Airyaman]

So it appears the economy is looking good for the Republican base, aka, the big business owners?

Cool!

 

[yankintx]

I'm pretty sure that you would prefer bad things to happen to this country to benefit you politically even though you'll never admit it. Kinda like Omar.

Then you don't me, have a look thru my posts, you will see how incorrect you are. I suspect you are quite use to be incorrect, that happens when you assume. Now, where is that ignore button...ah there it is...

 

[Idiometer]

Oh...so, a healthy stock market doesn't mean anything, now?

It sure as hell was a big deal when the market slumped last year.

Where did I say it "doesn't mean anything?" Jeebus crisco, but you righties are smug and arrogant, putting words in others' mouths.

The market does not rule the economy, nor does the Dow or the S&P indicate economic health or growth. Facts, sweetie ... get some.

 

[Idiometer]

Then you don't me, have a look thru my posts, you will see how incorrect you are. I suspect you are quite use to be incorrect, that happens when you assume. Now, where is that ignore button...ah there it is...

See #14.

:2wave:

 

[StillServing]

No one is wishing the economy to take a turn down for political reasons. Though it would be nice for the Right to thank Obama for dealing Rump a good hand, never going to happen, there heads would explode.

Except, that's not what happened. President Trump took over at a time in which the economy was flattening out. GDP growth in 2016 was only an anemic 1.6%. The reduction of unemployment over the year was the lowest since 2009.

 

[yankintx]

Except, that's not what happened. President Trump took over at a time in which the economy was flattening out. GDP growth in 2016 was only an anemic 1.6%. The reduction of unemployment over the year was the lowest since 2009.

If it makes you feel better, you keep your faith in that premise.

 

[Slavister]

Sorry Leftists. Looks like doomsday has been posponed. Better luck next time.

Outlook for the US economy and stock market brightens

We'll see how trade wars play out later. For now, Looks like two kinds of Trump policies are helping, in the short term:
- tax cuts - at the expense of ballooning debt to be paid later
- various deregulations of EPA, FDA, etc - at the expense of the environment, air, water, food and other safety

Corporations are using much of the tax cuts to buy back their stocks. That's one of the reasons for the higher stock market prices.

But hey, who cares about the consequences...

 

[apdst]

We'll see how trade wars play out later. For now, Looks like two kinds of Trump policies are helping, in the short term:
- tax cuts - at the expense of ballooning debt to be paid later
- various deregulations of EPA, FDA, etc - at the expense of the environment, air, water, food and other safety

Corporations are using much of the tax cuts to buy back their stocks. That's one of the reasons for the higher stock market prices.

But hey, who cares about the consequences...

6 months ago, it was the end of the world. What happened?

 

[apdst]

Where did I say it "doesn't mean anything?" Jeebus crisco, but you righties are smug and arrogant, putting words in others' mouths.

The market does not rule the economy, nor does the Dow or the S&P indicate economic health or growth. Facts, sweetie ... get some.

Right here:

"Did you actually read the article? Rosy outlook for sharholders, mostly due to the Fed stating that interest rates will not rise, but not so rosy for most Americans. "

 

[Slavister]

6 months ago, it was the end of the world. What happened?

I don't recall saying anything about end of the world 6 months ago but your deflection is noted.

 

[smallvoice]

No one is wishing the economy to take a turn down for political reasons. Though it would be nice for the Right to thank Obama for dealing Rump a good hand, never going to happen, there heads would explode.

The only way Obama could have dealt Trump a good hand would have been if he let Hilarity run. Oh, wait!