Repubs and Dems celebrate!

rkelly110 · 02-11-18, 10:12 AM

Roy up and at 'em, tearing us a new asshole!

RoyBacon · 02-11-18, 11:59 AM

We are high fiving at 4%! Maybe even group hugging!! Can you imagine???

khicks26 · 02-11-18, 01:10 PM

Originally posted by RoyBacon

Latest forecast: 4.0 percent — February 9, 2018

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 4.0 percent on February 9, unchanged from February 6. The nowcast of the contribution of inventory investment to first-quarter real GDP growth inched down from 1.25 percentage points to 1.24 percentage points after this morning's wholesale trade release by the U.S. Census Bureau.

GDPNow

https://www.frbatlanta.org/cqer/research/gdpnow.aspx

GDPNow forecasting model provides a

The Fed is predicting 4% GDP for Q1!

Guys we have made our country great again! Let's move on and solve DACA / Border security and infrastructure. Next year we can tackle entitlements/waste.

Congrads to all Americans!

To bad its stock buybacks & fictitious capital (also counted in our GDP) that is driving this. Thanks Tax Cuts for making the rich, richer. While knocking out another leg in the house of cards.

Roy is going to crash hard when the truth smacks him in the face.

RoyBacon · 02-11-18, 03:23 PM

Not much of a hug hicks?!

Have no idea what fictitious cash is and market prices do not indicate massive buy backs. You are a little like Kelly, getting desperate to find something, anything to slow the Trump Economic Train(TET). Heck, might as well jump on! We are half way through the quarter. Let's all hope the Fed is right.

khicks26 · 02-11-18, 04:10 PM

US firms will now focus on stock buybacks after tax cuts, David Rubenstein says

"It appears right now what companies are going to do is provide bigger dividends, they're going to do stock buybacks, make more acquisitions, and I think the amount of cash in the U.S. will probably inflate the economy a bit," Rubenstein said.
Buybacks happen when firms buy their own shares trading on the stock exchange, reducing the portion of shares in the hands of investors.

Access Denied

https://www.cnbc.com/2018/01/24/us-firms-will-now-focus-on-stock-buybacks-after-tax-cuts-david-rubenstein-says.html

RoyBacon · 02-11-18, 04:35 PM

Originally posted by khicks26

US firms will now focus on stock buybacks after tax cuts, David Rubenstein says

"It appears right now what companies are going to do is provide bigger dividends, they're going to do stock buybacks, make more acquisitions, and I think the amount of cash in the U.S. will probably inflate the economy a bit," Rubenstein said.
Buybacks happen when firms buy their own shares trading on the stock exchange, reducing the portion of shares in the hands of investors.

https://www.cnbc.com/2018/01/24/us-f...tein-says.html

Sure glad he has an opinion. No need to provide any evidence(that doesn't exist).

khicks26 · 02-11-18, 04:41 PM

Originally posted by RoyBacon

Sure glad he has an opinion. No need to provide any evidence(that doesn't exist).

Its what they have been doing & will continue to do.

khicks26 · 02-11-18, 04:45 PM

Also wanted to tell you that your 2.9% wage growth was offset by a 2.1% rise in prices on consumer goods.

WOW .8 % wage growth. Big Hug Roy. LOL

RoyBacon · 02-11-18, 04:50 PM

Same inflation rate we've had for a generation. Sorry, try again.

khicks26 · 02-11-18, 04:55 PM

Originally posted by RoyBacon

Same inflation rate we've had for a generation. Sorry, try again.

Still only .8% you have been in here saying is so great. Big Hug Roy $1,50 a week. LOL

RoyBacon · 02-11-18, 04:58 PM

Well if it's 0 like under Obama and you get 2% inflation you have lost 2%, right? So that's $2 you are no longer losing plus the $1 increase. Now you throw in less tax and we have a great start. High five!

khicks26 · 02-11-18, 05:01 PM

Originally posted by RoyBacon

Well if it's 0 like under Obama and you get 2% inflation you have lost 2%, right? So that's $2 you are no longer losing plus the $1 increase. Now you throw in less tax and we have a great start. High five!

No not really. Nice try though. LOL

RoyBacon · 02-11-18, 09:30 PM

We have two choices;

If Trump is some kind of genius businessman and accomplishes what no one has in a very long time namely rising wages and a substantially growing economy; we award him with our alleginace

If Trump shifted the wealth to the rich and failed to generate at least double the growth of the last potus, we find a new person with a clear vision and back them. Kind of like that reality show The Apprentice. Produce or you're fired.

I know he is a little strange. I get that. But we want results. We haven't had a potus that produced any level of acceptable prosperity in a generation.

d2bets · 02-11-18, 09:48 PM

Originally posted by RoyBacon

We have two choices;

If Trump is some kind of genius businessman and accomplishes what no one has in a very long time namely rising wages and a substantially growing economy; we award him with our alleginace

If Trump shifted the wealth to the rich and failed to generate at least double the growth of the last potus, we find a new person with a clear vision and back them. Kind of like that reality show The Apprentice. Produce or you're fired.

I know he is a little strange. I get that. But we want results. We haven't had a potus that produced any level of acceptable prosperity in a generation.

President gets too much credit and too much blame for economy. Sorry, but it's not like being a CEO.

There are certain thresholds for being president, such as not embarrassing the country on a daily basis and being a decent human being. Trump doesn't pass the threshold tests.

The Kraken · 02-11-18, 10:00 PM

Originally posted by RoyBacon

We have two choices;

If Trump is some kind of genius businessman and accomplishes what no one has in a very long time namely rising wages and a substantially growing economy; we award him with our alleginace

If Trump shifted the wealth to the rich and failed to generate at least double the growth of the last potus, we find a new person with a clear vision and back them. Kind of like that reality show The Apprentice. Produce or you're fired.

I know he is a little strange. I get that. But we want results. We haven't had a potus that produced any level of acceptable prosperity in a generation.

Trump has been successful but is by no means a genius, especially not a stable genius. He inherited a ton of money and put his money to work for him. He was in real estate at the right time and in the right market and he scored a deal early in his career that he would leverage against for decades to come. He simply borrowed and borrowed and borrowed. He essentially got "too big to fail". He was in the same position in the early 90's that Republicans fought so hard against when Obama took office and decided to prop up financial institutions. Trumps lenders decided to loan him more money and prop him up.

During this bailout time, he took out more mortgages on his multiple properties.

Borrow, borrow, borrow....

Now let me clarify, Im not arguing whether Trump has been successful. I would give him that although Im sure others could argue it. Im merely pointing out his method of accumulating wealth was to borrow and borrow more, declare bankruptcy, restructure and borrow more. This isn't genius, it's someone working the system to his benefit while others foot the bill.

His style of running businesses is in start contrast to how the Republican party claims to run our country. But we all know the GOP runs the country the exact same way Trump runs his businesses.

RoyBacon · 02-11-18, 11:28 PM

I won't get wrapped around the axle on Trump's success. I know he's been involved in 5,000 businesses, which is an insane number. Being in real estate myself I can say there have been some brutal periods over the past 40 years. We know he inherited around $40 million and is worth at least a couple of billion(he claims $10b, Forbes says $3.7b).

I get D2's point. One of my favorite presidents was Bush Sr. He was honorable to a T. He didn't "counter punch" the press. He was a gentleman. Someone you could tell your children to be like. Reagan was also a gentleman. We do not have that now.

We need a smart Trump from both parties to replace the original to emerge. Without Trump no one in either party would of talked about stagnate wages, zero economic growth, companies fleeing and the death of manufacturing jobs.