It's the Economy Stoopid

[Anonymous]

Anonymous wrote:China unleashed the virus and the world shut down. The US continues to be the shiniest turd in the toilet and money is flowing into safe haven Treasury's.

It’s the Trump Virus now. No other leader has been more asleep at the wheel.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am actually dreading this election.

If Biden wins, I fear the next 4 years and the economic disaster that awaits us.

If Trump wins, I fear the reaction of the left and the rioting, looting, and protesting that will inevitably occur.

It's not like there's an economic disaster going on, or anything.

No, now everything is honky dory. We get a stash of freshly printed dollars every week.

[Anonymous]

Hosing starts surge 23% in July! Can you say 4 more years?

[Anonymous]

Anonymous wrote:Hosing starts surge 23% in July! Can you say 4 more years?

We’re gettin’ hosed alright. Are we great yet?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Using Jim Carvilles own words, its the economy that will determine who is elected. Up until March the Economy was humming, dropped like a rock and mostly recovered. First it was RUSSSIA, then IMPEACHMENT, China Virus and now Race. All of those are distractions and by November the Economy will be determining factor.

It is the economy.

We have almost 20 million unemployed.
We have a -6.5% GDP growth (ie contraction)
We have trillions in new debt and deficit spending out the wazoo.

Yes, the stock market is up from its lows, but the stock market doesn't equal the economy.

We have almost 20 million unemployed, because we ordered businesses to close and paid people to stay home.
We have a -6.5% GDP growth (ie contraction), because we ordered businesses to close and paid people to stay home.
We have trillions in new debt and deficit spending out the wazoo. because we ordered businesses to close and paid people to stay home.

And these were ordered because the President failed to otherwise prepare for a pandemic. The business were already suffering. The Fed showed that the recession started in February. Trump didn't acknowledge the pandemic until March and it is June and we still don't have the testing and tracing protocols in place. Without that, the public generally doesn't feel safe to travel, to eat at restaurants or to ride elevators in office buildings. Solve or address the virus and the economy can rebound. Somehow a myraid of other countries have been able to do this. it just exposes how horrible a leader Trump is.

I'd love to hear how you would "solve" the virus. Should we be like China and just weld people shut in their homes?

No, like Italy. At least that is what Trump’s camera man woman health person said. After we hit record numbers in global deaths.
But you were yelling about money then and literally yelling about not wearing masks.

[Anonymous]

Anonymous wrote:Hosing starts surge 23% in July! Can you say 4 more years?

The stock market is not the us economy, stoopid.

How can I explain this. In a casino, you gamble and can get returns. To have money mean anything, and it not be monopoly game board currency, you need a strong economy. A system to grow the money at a reasonable pace, and provide economic stability — so that you CAN take market risks.

Trump literally only knows how to play with Monopoly money, has never grown an economic environment that he has been responsible for without there being a greater cost and expense because of it. Temporary gains. Devastating losses that could threaten the ability for anyone to play.

[Anonymous]

New housing construction has more to do with the economy than the value it creates in the stock market. Looks like the AI created by the owner of this board doesn't know the difference.

[Anonymous]

Anonymous wrote:New housing construction has more to do with the economy than the value it creates in the stock market. Looks like the AI created by the owner of this board doesn't know the difference.

Also consider that odd surges and behaviours are also aligning with covid-19 changes, increased telework options; perhaps reduced pricing. Mortgage owners can defer that expense for a year. Renters risk eviction. Those “little” things all reflect in the financial aggregate and the analysis of what is truly happening in the market has many other factors. In general, we are not expanding America’s economy. Nor are we prioritizing stabilizing it when we are short sighted and care only about ROI and not the earned value that helps us get there.

[Anonymous]

Anonymous wrote:New housing construction has more to do with the economy than the value it creates in the stock market. Looks like the AI created by the owner of this board doesn't know the difference.

Agree with first sentence. Have no idea what the second sentence means.

[Anonymous]

Anonymous wrote:Hosing starts surge 23% in July! Can you say 4 more years?

[Anonymous]

What people are going to buy these houses? New Immigrants? The unemployed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hosing starts surge 23% in July! Can you say 4 more years?

NP--Clarifying that this chart appears to pertain to mortgage loans only.

[Anonymous]

Unemployment claims back over 1 million a week, to 1.1 million.

[Anonymous]

Anonymous wrote:Unemployment claims back over 1 million a week, to 1.1 million.

So. Much. Winning.

[Anonymous]

Anonymous wrote:Unemployment claims back over 1 million a week, to 1.1 million.

While continuing claims dropped from 15.48 million to 14.8 million, beating the consensus of 15 million. More people are going back to work and the economy continues to grind towards normalcy. Silly lefties rooting for the worse.