fullspinzoo wrote:
Do you understand, we have the lowest unemployment EVER for the middle and working class. B****s=lowest, Hispanic=lowest, women=lowest in 19 years, consumer confidence at a new high, stock mkt at record highs, 90 new records in 2017, job creation at a new high, the only one taking from the ME was Hillary when she was in the position to "peddle influence". Millions to Clinton Foundation from half the Arab countries in the ME. Don't actually know if that's a crime but it should be. Treasonous!!!! The Nuke Deal, yeah we got played big time. How Obama was able to pull that off without Congress' approval I will never know. Trump has gotten rid of a lot of the unnecessary red tape (useless regs) and things are going just fine. The economy is booming after 8 sluggish years where Obama was never able to really get it moving under his socialist/Marxist/c*******t agenda. Kind of like Venezuela or Cuba. So economic indicator you want to look at, Trump is doing exceptionally well and a long 'cab fare' to 'full-fledged crisis' by any means. Eight indicators very favorable.
https://www.marketwatch.com/story/the-8-indicators-byron-wien-is-watching-for-signs-that-favorable-economic-performance-across-the-globe-is-ending-2017-11-24 People who say the stock market's record highs are just a carryover from Obama is just a crock of s**t. Obama couldn't get it going in 8 years and now all of sudden with Trump in.....pure bulls**t. OMT, the outright corruption that the Left has pulled makes, as I have said, makes Watergate look like a parking ticket. And the crimes and blatant corruption is starting to unravel. You will embarrassed by the time it is all over....or you don't have the character that I thought you had.
Do you understand, we have the lowest unemployment... (
show quote)
Spin,
You seem smitten by two items.. the employment level and the stock market.. So let us have a look..
employment..remember President Obama had to fight for recovery from the worse recession in 70 yrs... trump was given a recovered world wide economy and done little with it..
Investing #TrumpsAmerica
J** 6, 2018 @ 03:12 AM 48,678 The Little Black Book of Billionaire Secrets
President Trump's First Year Of Job Growth Was Below President Obama's Last Six Years
https://www.forbes.com/sites/chuckjones/2018/01/06/president-trumps-first-year-of-job-growth-was-below-president-obamas-last-six-years/#130ee56325abChuck Jones , CONTRIBUTOR
I cover technology companies, worldwide economies and the stock market
Opinions expressed by Forbes Contributors are their own.
On Friday the Bureau of Labor Statistics reported that the economy added 148,000 nonfarm jobs in December but only 139,000 when the revisions for October and November are included. A better way to understand how the job market is doing is to include the revisions and look at a multi-month average. This is especially important due to the impact of Hurricanes Harvey and Irma since September only added 38,000 jobs.
Updated BLS information now has Trump now only being behind Obama's last 4 years vs. 6.
These are the original and updated numbers.
2011: 2.091 million
2012: 2.142 million
2013: 2.302 million
2014: 2.998 millon
2015: 2.713 million
2016: 2.240 million
2017 original: 2.046 million
2017 updated: 2.188 million
Over the September to December timeframe, there were 163,000 additional jobs per month and for the year 171,000 jobs were added monthly. This compares to President Obama’s last six years where the job market averaged at least 174,000 per month and hit 250,000 in 2014. It isn’t too surprising that job growth has slowed since the unemployment rate has dropped to very low levels.
While the job number was below expectations, the Dow Industrials increased 220 points or 0.9%, the S&P 500 was up 19 points or 0.7% and the NASDAQ gained 58 or 0.8%.
President Trump’s goal is for 25 million more jobs over 10 years, and for last year 2.06 million jobs were added. Since the job market naturally grows by 1% to 2% a year the 25 million should be made without much help from policies such as tax reform. One impediment from hitting 25 million could be lower immigration especially since the unemployment rate is at 4.1% and the US’ population only provides 60,000 to 80,000 people entering the job market per month.
The unemployment rate remained 4.1%, which is the lowest since December 2000’s 3.9% when the GDP grew 4.1% during the tech bubble. The participation rate of 62.7% has been essentially flat over the past four years, which also means it will be hard to increase the number of jobs added by much more than 2 million per year.
Stock market.... record bull market under President Obama... trump promised deregulation and tax gift, which has been used to drive market up for upper management profit.. Hope you got in on this...
Do you think deregulation and tax gifts are for the people who pull a pay check?? How long is your idea of "over"? We will see a down turn. When, I have no idea.. No one seems to..
Darn, the graphs did not come thru... sorry about that.. trump not so good numbers when he is not quoting them.. The world seems to see things in a different light..
https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.htmlStock Market’s Rise, Lauded by
Trump, Lags the Gains Under Obama
By KARL RUSSELL and KEITH COLLINS JAN. 5, 2018
President Trump has routinely celebrated, and taken credit for, the stock market’s record-setting climb during his first year in office.
Optimism around the new tax code, as well as a relaxed regulatory climate, has helped drive the Standard & Poor’s 500-stock index’s 21 percent rise since Mr. Trump took office. But that performance falls short of the market’s gains during the first years of the presidencies of Barack Obama and the elder George Bush.
The stock market rose
higher in two previous terms.
+40
%
S.& P. 500-Stock Index
Obama
+33.7%
Percentage changes in the closes of the first 243 trading days of each
president’s term, compared with President Trump’s, through Friday.
+30
H.W. Bush
+22.8%
+20
Trump
+21.2%
+10
Clinton
+7.3%
0
Reagan
–8.7%
–10
W. Bush
–14.7%
–20
–30
1
Number of trading days
50
100
150
200
243
Source: Thomson Reuters
Mr. Obama took office amid the financial crisis. Stocks were in a freefall and hit bottom nearly two months after his inauguration. Equities then rebounded and finished Mr. Obama’s first year up more than 30 percent.
Mr. Trump, by contrast, became president during one of the longest sustained bull markets in history, and stocks have continued to set record highs during his tenure.
This run is a continuation of one
of the longest bull markets ever.
3,000
2,000
S.& P. 500-stock index
Scale is logarithmic to show
comparable percentage changes
1,000
800
600
Reagan
H.W. Bush
Clinton
W. Bush
Obama
Trump
400
200
1981
1989
1993
2001
2009
2017
Source: Thomson Reuters
At more than 3,200 days and counting, this nearly nine-year bull market run trails only the boom from 1987 to 2000. And the momentum suggests the market could climb further upward.
It’s unusual for any president to take credit (or blame) for stock market performance, but in Twitter posts and speeches, Mr. Trump has continually trumpeted the success of the market as a direct result of his actions.
As with any time the stock market shoots upward, the inevitable question is when it will fall, and now, what Mr. Trump will say if it does.