buffalo Loc: Texas

Is that supposed to be a joke? Hahaha. They have been declining more than expected for months even with stronger truck and SUV sales.

Sicilianthing

>>>

Well I keep hoping all you guys are right about the optimism but the data I’m studying doesn’t add up guys.

No way
No deal
No how

buffalo Loc: Texas

The optimism is beginning to fade. Wages are not rising as expected. Consumer debt is at an all time high. Watch early next year when interest rates and delinquencies start climbing and consumers stop buying anything but the bare necessities the economy will slow way down.

As I said, the next recession will prove that the economy is driven by consumer demand NOT supply-side "trickle down bulls**t" caused by tax cuts to the wealthy spending those tax cuts on investments or tax cuts to mega-corporations using their tax cuts for stock buy backs.

Sicilianthing

>>>

You know I completely agree with you on all this... I see nothing but people cutting way way back and companies I visit daily doing the same thing...

It’s all a bunch of bulls**t !

Something is terribly wrong and Fragmenting the economy.

This alone will ruin Trump too.

nwtk2007 Loc: Texas

I see that you've said it enough that you actually believe it!

nwtk2007 Loc: Texas

Just start with Amazon and keep looking. You'll find them.

jack sequim wa Loc: Blanchard, Idaho

I'm jumping into this post a little late in the exchange but wanted to add a thought.

First hope your doing well.

The 08/09 "great recession" was not a recession but a "Depression" far greater than 1929. Using the same method of calculation used in 1929 and applying them to 08/09 unemployment, GDP, value of the dollar, manufacturing, agricultural ect, ect.
I want to emphasize that 08/09 crash was far, far greater than that of 29 making it the Great, Great Depression.
Remember that the government extended unemployment benefits from the state average of 18-24 weeks to a year and a half +, the government removed many of the qualifiers to obtain food benefits allowing enrollment of millions per month, also the safety net welfare cash benifits. Millions took early social security retirement while social security disability saw a wave of new applications.
Imagine 08/09 without any unemployment, social security, welfare, food benefits.....
Prior to 08/09 the previous three decades we saw corporate down sizing in the news nearly every year, manufacturing leaving America and those tens of millions of higher pay jobs moving to mini mall shops, restaurants type jobs and the tech surge but then in or around 2000 these businesses began downsizing year after year until the 08/09 crash finished many of these businesses. Every year since 08/09 chain type businesses have been closing outlets across the country. What we are seeing now in the Middle of higher GDP growth, stock growth is consumer debt maxed out. Consumers don't have the ability to make purchases with their credit cards maxed, but it's not just maxed. The credit cards companies issued cards to just about anyone asking and Americans applied for multiple cards, then when they reached limits the credit card companies increased their limits. Auto loans, rv loans, boats, furniture all made qualifying easier. With the total number of Americans working reduced and the number of Americans receiving benefits increased considering working Americans strapped with debt., the number of working Americans with disposable income to sustain is losing ground.

Then we can add the global economies back in crisis, the grossly over valued U.S stock market, over 200 trillion dollars of unfunded liabilities and our bubbles that can burst are now super bubbles.

I suggest everyone paying attention, prepare as best you can for what's coming around the corner.