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What is your assessment of the current economy?

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    edited August 4, 2017 6:09AM

    Another good employment report this morn. 4.3% overall unemployment. U6 unemployment at 8.6%. Wages up 0.3%.

    How do we feel about the economy now?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    gsa1fangsa1fan Posts: 5,566 ✭✭✭

    Getting Greater by the day! Sun has shined brighter this year too! Look for bumper grain crops from what I see. Still much to build and Drain. Stay tuned~LOL

    Avid collector of GSA's.
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    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭

    wonderful , full time jobs down , part time jobs to the moon . Would you like fries with your order sir?

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    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    We're hiring full time molecular biologists, bioreactor engineers, and analytical method development scientists, so if you know any skilled ones, send 'em on down to Baleyville!

    Liberty: Parent of Science & Industry

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @bronco2078 said:
    wonderful , full time jobs down , part time jobs to the moon . Would you like fries with your order sir?

    Actually the reports show quite the opposite.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    regardless of what the tube says, gold says confidence is twice as low as it was in 2007. I guess you could call that an improvement over 2011 when gold said confidence was three times as low as it was in 2007.

    Give Me Liberty or Give Me Debt

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    gsa1fangsa1fan Posts: 5,566 ✭✭✭

    DB, I think as long as Au been in the $1200 range seems to be the new normal.

    Avid collector of GSA's.
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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    edited August 4, 2017 1:49PM

    @derryb said:
    regardless of what the tube says, gold says confidence is twice as low as it was in 2007. I guess you could call that an improvement over 2011 when gold said confidence was three times as low as it was in 2007.

    Just like said in 1985 that confidence was 3 times as low as in 1980?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    @gsa1fan said:
    DB, I think as long as Au been in the $1200 range seems to be the new normal.

    every decline in the currency is the new current normal. Will not be the future's normal. Based on the past we know which direction the new normal will take.

    Give Me Liberty or Give Me Debt

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    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    The economy is chugging along. Improving in Europe as well

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    gsa1fangsa1fan Posts: 5,566 ✭✭✭

    Well I'm gonna stop and smell the roses every morning I got time left. I think we should all put our efforts(brain power) to opportunities than dwelling on "matters" we cannot control. I recon I been setting in neutral to long. ;)

    Avid collector of GSA's.
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    CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @cohodk said:
    Another good employment report this morn. 4.3% overall unemployment. U6 unemployment at 8.6%. Wages up 0.3%.

    How do we feel about the economy now?

    Debt is the 400,000 lb. elephant. it pops....we pop.

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    we're spending on borrowed time.

    Give Me Liberty or Give Me Debt

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @Coinstartled said:

    @cohodk said:
    Another good employment report this morn. 4.3% overall unemployment. U6 unemployment at 8.6%. Wages up 0.3%.

    How do we feel about the economy now?

    Debt is the 400,000 lb. elephant. it pops....we pop.

    Someday....long after we are dust in the wind.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    gsa1fangsa1fan Posts: 5,566 ✭✭✭

    Our shape in the USA still looks better than anywhere else.

    Avid collector of GSA's.
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    VanHalenVanHalen Posts: 3,815 ✭✭✭✭✭

    @cohodk said:

    @Coinstartled said:

    @cohodk said:
    Another good employment report this morn. 4.3% overall unemployment. U6 unemployment at 8.6%. Wages up 0.3%.

    How do we feel about the economy now?

    Debt is the 400,000 lb. elephant. it pops....we pop.

    Someday....long after we are dust in the wind.

    We might well be gone. Unless you're alive 30 years from now chances are you won't see it. The Federal Gov't has $150 trillion in health care obligations over the next 30 years. $25 trillion over the next 10 years and then it really explodes.

    Our answer will be continued historically low interest rates and more debt.

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    rcmb3220rcmb3220 Posts: 1,108 ✭✭✭✭

    @gsa1fan said:
    Our shape in the USA still looks better than anywhere else.

    Well, besides body shape.

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    derrybderryb Posts: 36,214 ✭✭✭✭✭
    edited August 5, 2017 7:32AM

    @cohodk said:

    @bronco2078 said:
    wonderful , full time jobs down , part time jobs to the moon . Would you like fries with your order sir?

    Actually the reports show quite the opposite.

    Actually July Part-Time Work Jumps by 393,000; Full-Time Employment Down 54,000

    "It’s important to put the jobs numbers into proper perspective:

    1. In the household survey, if you work as little as 1 hour a week, even selling trinkets on eBay, you are considered employed.
    2. In the household survey, if you work three part-time jobs, 12 hours each, the BLS considers you a full-time employee.
    3. In the payroll survey, three part-time jobs count as three jobs. The BLS attempts to factor this in, but they do not weed out duplicate Social Security numbers. The potential for double-counting jobs in the payroll survey is large."

    "The official unemployment rate is 4.3%. However, if you start counting all the people who want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6. U-6 is much higher at 8.6%. Both numbers would be way higher still, were it not for millions dropping out of the labor force over the past few years."

    Remember, liars figure how to make figures lie.

    Give Me Liberty or Give Me Debt

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    edited August 5, 2017 11:08AM

    Oh derryb.......said with a sigh.

    Your all important U6 has dropped from the teens to single digits, yet you still insist most people only work part-time.

    Your world is so black. Sigh again.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    crazyhounddogcrazyhounddog Posts: 13,817 ✭✭✭✭✭

    The dollar gets stronger and the precious metals will drop in price. That's not a secret.

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
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    renman95renman95 Posts: 7,037 ✭✭✭✭✭

    Aloha. My buy signal was when Trump won. Not because I voted for him, didn't vote for her either, but I felt there was a 'yuge' relief rally ready to pop. First quarter, meh, still too much spill over, noise. Second quarter, looks good. What's driving this quarter, earnings, earnings, earnings, I hear. I don't see J6P back in the market either. I have my markers. ;-) When they start to feel that they are being left behind and buy in I may consider my next move.

    Pineapples

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    gsa1fangsa1fan Posts: 5,566 ✭✭✭

    Where is the thread with all Charts and stock tips of old. I learned a lot trying to follow along. To much bickering time to move forward buy the dips sell the highs. yall experts can brag on the Best tips and we will all benefit like the old days. PCcollector get on any more? Have not heard much from the old crowd lately.

    Avid collector of GSA's.
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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    edited August 6, 2017 11:37AM

    Bull markets can make heros from zeros. The PM music stopped.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    Govt. debt is irrelevant, the last crisis was caused by private debt. The debt music is about to stop once again. Tune up those PMs.

    Give Me Liberty or Give Me Debt

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    I hope they crank up that PM victrola again....the dance floor has been quite sparce.

    Funny though as all along this last decade it was the Govt debt that so important.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    govt. debt is an illusion - it's there but it ain't. Has no affect on money supply and no affect on consumers' ability to earn or buy.

    Give Me Liberty or Give Me Debt

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @derryb said:
    govt. debt is an illusion - it's there but it ain't. Has no affect on money supply and no affect on consumers' ability to earn or buy.

    So why were the PM bulls so adamant about it bring them great riches? Illusion? Marketing ploy? Fear mongering?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    @cohodk said:

    @derryb said:
    govt. debt is an illusion - it's there but it ain't. Has no affect on money supply and no affect on consumers' ability to earn or buy.

    So why were the PM bulls so adamant about it bring them great riches? Illusion? Marketing ploy? Fear mongering?

    because when it does eventually destroy confidence, PMs will capture that confidence

    Give Me Liberty or Give Me Debt

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:
    govt. debt is an illusion - it's there but it ain't. Has no affect on money supply and no affect on consumers' ability to earn or buy.

    So why were the PM bulls so adamant about it bring them great riches? Illusion? Marketing ploy? Fear mongering?

    because when it does eventually destroy confidence, PMs will capture that confidence

    So since it's just an illusion and irrelevant we won't have to worry about that. Right? I knew we could come to an agreement on this. ;):)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    You don't need to worry about anything.

    Give Me Liberty or Give Me Debt

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @derryb said:
    You don't need to worry about anything.

    Just about you. :)

    Anyone have any bad economic news to report?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    TwoSides2aCoinTwoSides2aCoin Posts: 43,856 ✭✭✭✭✭

    There are strong hands and tight fists. And hand lotion galore... for the callouses we put on the working ones.

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    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭

    @TwoSides2aCoin said:
    There are strong hands and tight fists. And hand lotion galore... for the callouses we put on the working ones.

    hand lotion is for calluses ? if you say so :D What we really need is some brain lotion , for all the mental "you know what " that goes on around here :#

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    @cohodk said:

    @derryb said:
    You don't need to worry about anything.

    Just about you. :)

    Anyone have any bad economic news to report?

    Federal Bank Regulator Drops a Bombshell

    Jesse's take on the matter

    Give Me Liberty or Give Me Debt

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    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    We also need another facilities manager, a couple of shipping and receiving people, some general office and administrative support, and some project management folks, in addition to general laboratory personnel and the aforementioned technical specialists.

    Plenty of good jobs in the extreme southwest continental US. Great weather, too!

    Liberty: Parent of Science & Industry

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    jmski52jmski52 Posts: 22,380 ✭✭✭✭✭

    Everything I heard on the radio today while I was driving indicates that jobs are increasing and that the economy is picking up. Stock market down for the 3rd day in a row. Mixed bag sorta.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    Jmski....you say it's mixed bag because the stock market was down today? What about the previous weeks when it was up 10 days in a row? Was the economy good last week and bad this week?

    The economy near derryb is rocking!!! Thousands of people moving there every month...all in need of shelter and services.

    And not far from Bronco, illegal immigrants who once ruled the labor pool are now in demand as managers as more and more projects come in line.

    If you live in a area with a declining population, we'll then yeah, it sucks, as it should. There's a reason for that declining population. Move...it's what's human have done for thousands of years when times got tough.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:
    You don't need to worry about anything.

    Just about you. :)

    Anyone have any bad economic news to report?

    Federal Bank Regulator Drops a Bombshell

    Jesse's take on the matter

    So looks like the banks are doing quite well. Where's the bad economic news?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    tincuptincup Posts: 4,785 ✭✭✭✭✭

    Butterflies and rainbows everywhere. B)

    ----- kj
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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    Give Me Liberty or Give Me Debt

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    jmski52jmski52 Posts: 22,380 ✭✭✭✭✭

    you say it's mixed bag because the stock market was down today? What about the previous weeks when it was up 10 days in a row? Was the economy good last week and bad this week?

    You got me there!!!

    @ cohodk - No, the economy and the stock market have been doing very well since Trump took office - just ask him. When and if the economy and the stock market do crash, I'll be curious to see what Trump says then. Who knows? Maybe things will reach a permanently high plateau .

    @ derryb - what do you think happens if Trump gets his tax reform and all of the US corporations repatriate those overseas dollars, say - to the tune of a couple $trillion.

    @ cohodk - same question.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    edited August 11, 2017 7:34AM

    I already how Trump will respond to a market slump....he'll blame congress. Trump can do no wrong. This is another fascinating study of human emotion and mass psychology. A real-time confidence man. Wonderful to watch, especially those who both fear and embrace to Kool-aid.

    I believe most companies have already spent that overseas money. Apple, MSFT, CSCO, ect have issued lots of low interest debt over the last few years. That said, market participants would initially view ir favorably.

    However, I do believe that any tax cuts we get will prove to be the lowest tax rates for several generations. Taxes will only go up from there.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    @jmski52 said:

    @ derryb - what do you think happens if Trump gets his tax reform and all of the US corporations repatriate those overseas dollars, say - to the tune of a couple $trillion.

    They'll buy back their stock and generate big, executive bonuses - just like the banks have been doing.

    Give Me Liberty or Give Me Debt

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    jmski52jmski52 Posts: 22,380 ✭✭✭✭✭
    edited August 11, 2017 10:43AM

    They'll buy back their stock and generate big, executive bonuses - just like the banks have been doing.

    What I meant was - do you think that the incoming $$$$ will set off a round of inflation? What about the effects on the bond market? And the economies that they pull the $$$$ out of?

    Lots of questions to consider.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @jmski52 said:
    They'll buy back their stock and generate big, executive bonuses - just like the banks have been doing.

    What I meant was - do you think that the incoming $$$$ will set off a round of inflation? What about the effects on the bond market? And the economies that they pull the $$$$ out of?

    Lots of questions to consider.

    No effect on any.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 36,214 ✭✭✭✭✭

    @jmski52 said:
    They'll buy back their stock and generate big, executive bonuses - just like the banks have been doing.

    What I meant was - do you think that the incoming $$$$ will set off a round of inflation? What about the effects on the bond market? And the economies that they pull the $$$$ out of?

    Lots of questions to consider.

    Big money no longer trickles down.
    No affect on economies it gets pulled from because it wasn't trickling down there either.

    Give Me Liberty or Give Me Debt

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    dbtunrdbtunr Posts: 614 ✭✭✭

    with the disolving of the White House economic councils, it looks like business leaders are moving away from Trump. This puts his ability to reform taxes, healthcare, and get an infrastructure deal in jeopardy. Stock market down hard today. I am mostly in cash.

    Jobs do appear "easy" to get but getting a pay raise does not seem easy. the economy also is very local. Here is an excellent map I found on Marketwatch today

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    I would say that the US economy is not in the best condition right now, but if Trump is involved in the war, a new crisis will come.

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭

    @dbtunr said:
    with the disolving of the White House economic councils, it looks like business leaders are moving away from Trump. This puts his ability to reform taxes, healthcare, and get an infrastructure deal in jeopardy. Stock market down hard today. I am mostly in cash.

    Reform has a better chance with Pence as President. Trump will never achieve compromise or unity.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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