trump screws up the economy

[chico2663]

The U.S. economy is now in its fifth consecutive quarter of a corporate earnings recession.
That means income being paid to the government is in decline — the kind of decline that has preceded the past two recessions, and will likely precede the coming recession as well.
Not only are falling corporate income taxes leading to a recession, but they are also leaving the Fed with no choice but to keep rates at these extremely low levels — an environment that is set to remain for an increasingly long time.
Let me explain…
The Risk of Falling Taxes

Taxes are somewhat like the lifeblood of our economy. While our government may not use them efficiently, they are a clue as to how well our underlying economy is faring at the moment.
Right now, corporate taxes are in borderline recession territory, and, by the end of the year, they should clearly be there. Take a look:

The red shaded bars represent the past two U.S. economic recessions. As you can see, corporate tax receipts have fallen in a similar fashion going into these recessions.
If the second and third quarters of this year come out with lower corporate income taxes, it’s likely the consumer won’t be strong enough to keep us out of a recession — an increasingly likely scenario.
We all know by now that it was the consumer who supported the economy in the second quarter. Even so, corporations continued to struggle, leading to yet another fall in corporate income tax.
But, as we claw through yet another earnings season of falling profits, it seems our corporate earnings recession may linger on until the end of the year. In other words, third-quarter tax receipts will also continue to fall.
If we chalk up a decline in tax receipts for the second and third quarters, the U.S. economy looks increasingly like the recession of 2000 on the chart, with a beeline for a 2008-type of recession.
Need for Unconventional Yield

This sluggish, recession-like economy is not one in which the Federal Reserve will be gung ho about raising interest rates. Rather, the Fed is likely to join the rest of the world in what has become a race to stimulate individual economies — be it with negative rates or ramped-up versions of quantitative easing.


Regards,

[DwightShrute]

[guitarjosh]

Is this satire? Corporate earnings aren't in a recession at all.

[RoyBacon]

Not only are falling corporate income taxes leading to a recession, but they are also leaving the Fed with no choice but to keep rates at these extremely low levels

I'm embarrassed my little buddy would post this. Did vitty write it? Nothing in it is accurate.

Falling corp taxes leads to a recession? Uh no, we have the best GDP growth in a generation. And the Fed has raised rates 4 or 5 times already.

We talk about this all the time around here....a guy like chico has to dumb himself down to accept this bs.(unless that article was a joke)

[Git Lo]

trump delete his twitter yet?

[Barnes & Whine]

The U.S. economy is now in its fifth consecutive quarter of a corporate earnings recession.
That means income being paid to the government is in decline — the kind of decline that has preceded the past two recessions, and will likely precede the coming recession as well.
Not only are falling corporate income taxes leading to a recession, but they are also leaving the Fed with no choice but to keep rates at these extremely low levels — an environment that is set to remain for an increasingly long time.
Let me explain…
The Risk of Falling Taxes

Taxes are somewhat like the lifeblood of our economy. While our government may not use them efficiently, they are a clue as to how well our underlying economy is faring at the moment.
Right now, corporate taxes are in borderline recession territory, and, by the end of the year, they should clearly be there. Take a look:

The red shaded bars represent the past two U.S. economic recessions. As you can see, corporate tax receipts have fallen in a similar fashion going into these recessions.
If the second and third quarters of this year come out with lower corporate income taxes, it’s likely the consumer won’t be strong enough to keep us out of a recession — an increasingly likely scenario.
We all know by now that it was the consumer who supported the economy in the second quarter. Even so, corporations continued to struggle, leading to yet another fall in corporate income tax.
But, as we claw through yet another earnings season of falling profits, it seems our corporate earnings recession may linger on until the end of the year. In other words, third-quarter tax receipts will also continue to fall.
If we chalk up a decline in tax receipts for the second and third quarters, the U.S. economy looks increasingly like the recession of 2000 on the chart, with a beeline for a 2008-type of recession.
Need for Unconventional Yield

This sluggish, recession-like economy is not one in which the Federal Reserve will be gung ho about raising interest rates. Rather, the Fed is likely to join the rest of the world in what has become a race to stimulate individual economies — be it with negative rates or ramped-up versions of quantitative easing.


Regards,

OMG, shut the fuk up you goon. Go fly to new zealand get the fuk out of here. We don't want you!

[petepan69]

you are as stupid as they are made ..you are a MORON CHICKO....you're a fake news sissyboy...The economy is roaring

[petepan69]

How-Donald-Trump-Just-Saved-The-Planet!!!

Judging by the ferocious intensity with which my liberal friends and their ilk on social media are tearing out their hair, they seem even more “not-my-president” hysterical that President Donald Trump killed the Paris Climate Accords.

If you only get your news from the liberal twitterati, apparently Trump’s announcement has caused the spontaneous evaporation of the ice caps. Fires now rage uncontrollably across the plains, and sea levels rose exponentially before he even left the podium. Life as we know it here on Earth has apparently came to a swift, tragic, and untimely end in the style of Hollywood blockbusters.
Give me a break. Once the left is done with their latest Trumper-tantrum, they should give President Trump a big old thank you. Because Donald Trump just saved the planet. And my liberal friends – their histrionics aside, prove exactly why.

I have never seen more universal agreement on Facebook then that of liberals – the vast majority of whom know very little about the Paris Accord – and their newfound commitment to go green. They espouse their newfound commitment to convert their homes to solar and wind power, buy hybrid cars, and only shop with companies using sustainable business practices. They will reduce more, reuse more, recycle more. And amazingly they will do it themselves without any government mandate to do so.

It’s wonderful – completely without the intervention of government, my deeply passionate friends are now choosing to achieve the results they seek by making individual decisions in the free market. Something they could have done all along but didn’t. In other words, their high-minded ranting aside, they were perfectly happy to avoid personal action when it was inconvenient or expensive and let government to crush industries they don’t like, while raising prices and limiting options for all Americans.

Now, though, deprived of the hammer of government to beat everyone else into submission to their climate change cult, these zealots will do more by moving the market to meet their needs. Their own newfound demand will create new industries and new jobs rather than destroying them, drive innovation to lower costs rather than use big-government to distort the market and stifle unapproved innovation. Free market forces will outperform the unfunded mandates and well-funded bureaucracy to deliver change.

Liberals should be glad that Trump removed us from Barack Obama’s unconstitutional acquiescence to the Paris debacle, and stopped the brutal punishment of American industry. Because Trump has enabled the free market to do exactly what liberals want: empower individuals to better the environment.

And the free market is already delivering far more for the environment than any international agreement or government deprivation of rights ever has. Electric carmaker Tesla recently announced their latest product: the “Solar Roof.” These are durable glass roofing tiles that will generate enough solar energy to power a house–and can be installed for about the same price as a regular roof. And it’ll save families a fortune on electric bills. Right on their heels was a competitor, Forward Labs, who claimed to have an even better product: a solar roof that’s more efficient and even cheaper to install than Tesla’s. And competitors will keep competing because the market will provide opportunity.

That’s how the free market works. You make a product that’s cheap, useful, and accessible — and people will buy it.
Contrast to the left’s approach over eight years with an environmental agenda focused solely on expanding government to punish business. The last administration spent billions to prop up (and then bail out) bankrupt “green energy” companies, like Solyndra, who produced expensive eco-friendly gadgets that no one wanted or could afford. The sole winners were the cadre of newly minted government bureaucrats created to manage these programs and the Obama donors whose companies benefited on the back of massive taxpayer losses.

Rather than make green energy cheaper, The Obama administration and liberal allies sought to make everything else more expensive. Higher oil prices, the war against America’s coal industry and the decimation of tens of thousands of American jobs and the families and communities they support. And the net positive result was nothing more than empty buildings of companies who soaked up redistributed taxpayer funds and never achieved anything other than big pay days for Obama cronies.
Despite the left’s best efforts and the constant hysterics from environmentalists, Americans still prefer regular gasoline cars. Our energy still comes from coal, oil, and gas and will until we have a better option. And options will come — when people make a personal choice to do so because it is cheaper and faster and better and cleaner, not because the government mandates everyone comply.

Unlike the government, the free market is having a profound impact on improving the planet, by leading the charge on energy innovation. And the result is private enterprise innovating private solutions that create new industries and jobs and empowering people to make their own personal choices.

Trump did what Obama tried, but failed, to do. And he did so without more taxes, more regulation, and more lost jobs. He did it through the free market.

Once their latest bout of teeth gnashing not-my-presidentism is done, if these liberals actually do what they say and go out and make all these personal market choices, they will prove the point – Donald Trump just saved the planet from the liberals.

[chico2663]

Is this satire? Corporate earnings aren't in a recession at all.

i think the author is talking that more corporate earnings are being claimed outside the us. Guy is trying to get me to invest in an etf. By the way he is a wall street guy. He takes my money because my rich cuz gave him 5 million to play with. This same guy tried to get me to sell p.e.s. at 3 .

[rkelly110]

Meanwhile, those same fear mongering commercials on Fox keep saying the dollar will be toilet paper and want you to
buy gold and silver. Funny how they are only on Fox. Gullible fearful people?

[RoyBacon]

Meanwhile, those same fear mongering commercials on Fox keep saying the dollar will be toilet paper and want you to
buy gold and silver. Funny how they are only on Fox. Gullible fearful people?

Uhhh marketing demographics? They know folks who have money watch fox. Why would they advertise on CNN?

chico if the author is managing money you'd better fuggin run. Reminds me of Soros and other super libs who sold and shorted the market when Trump won. They are not thinking with their brains. We are not closing in on another record for no reason. How about ETP dog??!! And you called me a cooler on that one hahaha! You get your dividend last week? Fat.

[rkelly110]

Uhhh marketing demographics? They know folks who have money watch fox. Why would they advertise on CNN?

chico if the author is managing money you'd better fuggin run. Reminds me of Soros and other super libs who sold and shorted the market when Trump won. They are not thinking with their brains. We are not closing in on another record for no reason. How about ETP dog??!! And you called me a cooler on that one hahaha! You get your dividend last week? Fat.

If you say so.