This is so incoherent and poorly constructed that it would be impossible to formulate a response. Don't bother to clarify. My future participation in your efforts to smear and propagandize will be limited.Doodoo wrote: ↑August 14, 2019, 10:12 pmLeast Squares "Yes, it's true. Shell announced their idea to build their Pennsylvania Petrochemicals Complex in 2012. Except they didn't build it or even START on it until 2016. Why didn't Shell build it?"
You would have to ask Tom Corbett the Governor at that time why SHELL never built. OH, and by the way he is or was a Republican, January 2011 to Jan 2015
The man who I guess you would say got the ball rolling would be Tom Wolf the present Governor and you guessed it, is a Democrat
Why didnt Shell build? Your typical" The Ball is pitched and they will swing"
U.S. Politics
Re: U.S. Politics
AMERICA: One of the Greatest Stories Ever Told.
Re: U.S. Politics
.
Just a word of caution for all of those eager to see a financial collapse in the US.
The "yield curve" alone does not cause recessions, and recessions don't happen the next day.
Other indicators of poor economic performance must be in place for the yield curve to have any serious meaning. Those other indicators are not in play. In addition, if you read up on the recent history of the yield curve, you'll find that IF a recession occurred, it was almost 2 years away; and other indicators came into play during that time.
In the last 12 hours I've read just as many analyses that classify the current yield curve situation as an over-reaction as I've read doom & gloom forecasts.
I'm sure you also saw world markets respond negatively to the yield curve panic, so it's not good for anyone anywhere.
Just a word of caution for all of those eager to see a financial collapse in the US.
The "yield curve" alone does not cause recessions, and recessions don't happen the next day.
Other indicators of poor economic performance must be in place for the yield curve to have any serious meaning. Those other indicators are not in play. In addition, if you read up on the recent history of the yield curve, you'll find that IF a recession occurred, it was almost 2 years away; and other indicators came into play during that time.
In the last 12 hours I've read just as many analyses that classify the current yield curve situation as an over-reaction as I've read doom & gloom forecasts.
I'm sure you also saw world markets respond negatively to the yield curve panic, so it's not good for anyone anywhere.
AMERICA: One of the Greatest Stories Ever Told.
Re: U.S. Politics
Tariffs are not paid by Americans, Bull Puppies
"Throughout its trade war with China, the Trump administration has consistently struck the same message: They're paying for the entirety of the tariffs, and not the United States.
But on Wednesday, Secretary of Commerce Wilbur Ross went on CNBC to explain the administration's decision to delay a portion of the planned tariffs until December 15.
He cited a desire to protect shoppers from adverse effects during the holiday season, given the goods affected had included laptops, cellphones, toys and video game consoles among others.
It's a tacit, yet remarkable admission that the ongoing trade war with China is threatening the pockets of American consumers.
President Donald Trump has also started to acknowledge the cost of the trade war on Americans.
Visit Business Insider's homepage for more stories.
Throughout its trade war with China, the Trump administration has consistently struck the same message: They're paying the entirety of the tariffs, and not the United States.
But early on Wednesday, Commerce Secretary Wilbur Ross went on CNBC to explain the administration's decision to delay a portion of the planned tariffs until December 15, which would have affected the rest of Chinese imports into the United States.
He cited a desire to protect shoppers from any adverse effects during the holiday season, given the goods affected had included laptops, cellphones, toys and video game consoles among others.
"Nobody wants to take any chance at disrupting the Christmas season," Ross said."
"Throughout its trade war with China, the Trump administration has consistently struck the same message: They're paying for the entirety of the tariffs, and not the United States.
But on Wednesday, Secretary of Commerce Wilbur Ross went on CNBC to explain the administration's decision to delay a portion of the planned tariffs until December 15.
He cited a desire to protect shoppers from adverse effects during the holiday season, given the goods affected had included laptops, cellphones, toys and video game consoles among others.
It's a tacit, yet remarkable admission that the ongoing trade war with China is threatening the pockets of American consumers.
President Donald Trump has also started to acknowledge the cost of the trade war on Americans.
Visit Business Insider's homepage for more stories.
Throughout its trade war with China, the Trump administration has consistently struck the same message: They're paying the entirety of the tariffs, and not the United States.
But early on Wednesday, Commerce Secretary Wilbur Ross went on CNBC to explain the administration's decision to delay a portion of the planned tariffs until December 15, which would have affected the rest of Chinese imports into the United States.
He cited a desire to protect shoppers from any adverse effects during the holiday season, given the goods affected had included laptops, cellphones, toys and video game consoles among others.
"Nobody wants to take any chance at disrupting the Christmas season," Ross said."
Re: U.S. Politics
Thanks
Why didnt Shell build? Your typical" The Ball is pitched and they will swing"
This is so incoherent and poorly constructed that it would be impossible to formulate a response. Don't bother to clarify. My future participation in your efforts to smear and propagandize will be limited.
You've gotten rather sloppy over time. A headline, a sentence or two, a name, some weak, silly analogy and always a poor, infantile attempt to make fun of my user name. Your construction is so disorganized that it appears that you're posting in stream of consciousness, but extremely lacking in any literary quality. You're no Faulkner or Woolf.
The effort you expend in all of this doesn't inform. It comes after me. You can't have any reasonable expectation that anyone takes seriously what you post. Hell, no one can understand it! You respond to have a response, to nitpick, to troll -- and attempt to have the last word even if those last words are unintelligible.
All of these negative headlines that you furiously gather without reading the article or comprehending what's written, without researching, or lacking the background to understand underlying political histories and strategies, continue to backfire on you. It happens regularly for the reasons stated. It's because you're driven by emotion to come after me and to answer with anything, even if it's ridiculous -- because you really don't care and often remind readers of that. It's what trolls do. Your emotional investment toward me is far greater than the negative feelings you may have toward Trump or America or seeing failure.
And don't feel alone. You have some distant company here. Distant because they don't really work with you. The numbers have dwindled to maybe two or three who participate in similar behavior. One realizes that every hill ain't worth dying on and is measured in his responses. The other is a pissant troll and outlier who outshines you in nonsense and has never contributed a damn thing to any thread where he's ever posted. While you do a great job of trying to cheer others on against me, I've noticed that you don't get the same respect and encouragement in return. You're pretty much on your own.
It all boils down to one thing with you: it's a personal pissing contest for you.
However, it isn't for me; and I'm going to try to make a special effort to ignore your foolishness unless it is of value for me to correct the record and to speak up.
Why didnt Shell build? Your typical" The Ball is pitched and they will swing"
This is so incoherent and poorly constructed that it would be impossible to formulate a response. Don't bother to clarify. My future participation in your efforts to smear and propagandize will be limited.
You've gotten rather sloppy over time. A headline, a sentence or two, a name, some weak, silly analogy and always a poor, infantile attempt to make fun of my user name. Your construction is so disorganized that it appears that you're posting in stream of consciousness, but extremely lacking in any literary quality. You're no Faulkner or Woolf.
The effort you expend in all of this doesn't inform. It comes after me. You can't have any reasonable expectation that anyone takes seriously what you post. Hell, no one can understand it! You respond to have a response, to nitpick, to troll -- and attempt to have the last word even if those last words are unintelligible.
All of these negative headlines that you furiously gather without reading the article or comprehending what's written, without researching, or lacking the background to understand underlying political histories and strategies, continue to backfire on you. It happens regularly for the reasons stated. It's because you're driven by emotion to come after me and to answer with anything, even if it's ridiculous -- because you really don't care and often remind readers of that. It's what trolls do. Your emotional investment toward me is far greater than the negative feelings you may have toward Trump or America or seeing failure.
And don't feel alone. You have some distant company here. Distant because they don't really work with you. The numbers have dwindled to maybe two or three who participate in similar behavior. One realizes that every hill ain't worth dying on and is measured in his responses. The other is a pissant troll and outlier who outshines you in nonsense and has never contributed a damn thing to any thread where he's ever posted. While you do a great job of trying to cheer others on against me, I've noticed that you don't get the same respect and encouragement in return. You're pretty much on your own.
It all boils down to one thing with you: it's a personal pissing contest for you.
However, it isn't for me; and I'm going to try to make a special effort to ignore your foolishness unless it is of value for me to correct the record and to speak up.
Re: U.S. Politics
.
Die-hard Bernie Sis walks away after being attacked by friends and fellow LIBs for thinking for herself. It's not an uncommon occurrence.
There are hundreds and thousands of similar stories of people who have realized that today's Democrats no longer reflect their American Values.
Die-hard Bernie Sis walks away after being attacked by friends and fellow LIBs for thinking for herself. It's not an uncommon occurrence.
There are hundreds and thousands of similar stories of people who have realized that today's Democrats no longer reflect their American Values.
AMERICA: One of the Greatest Stories Ever Told.
Re: U.S. Politics
.
As a preface to all that follows, the "negative yield curve" is not an indicator or a cause of recession. Not even close. It is a coincidental occurrence that has preceded some recessions.
Are there more and more indicators of recession? No. Actually, there are NO indicators, but there is more and more gaslighting by the media.
First, let's look at what has to occur in a recession. The dominant defining occurrence is two straight months of negative GDP. There are a huge number of variables that must occur for there to be negative GDP. The US hasn't had one of those variables kick in and isn't even close. Is anyone of the experts predicting a recession also predicting even one negative quarter? Nope.
What else has to happen?
Second, unemployment rises and business stops expanding and stops hiring. They even start laying off workers. Not one or two businesses do this. Almost all stop expanding and stop hiring and start laying off.
What else has to happen?
Third, wages would be falling and companies would be selling off assets. Not one or two companies and not wages in one sector. Almost all wages and almost all companies.
What else has to happen?
Fourth, overall, the economy would be shrinking -- contracting. It ain't.
And all this nonsense about fewer new cars and fewer new tractors being sold is a big, huge warning sign is exactly that -- nonsense. Do you buy a new car every damn year? How many people do? If you worked on a farm, did you buy a new tractor every year or even every 5 years? Hell no.
People in the US economy have higher wages and more disposable income right now than they've had in a decade. That's a fact. The other fact is that consumer spending is high and consumer sentiment and confidence has been high. Consumers are buying -- it's just not new cars and damn tractors. Those two slight downturns in sales -- alone -- are not a recession warning.
Now, let's look at this negative yield curve and why it's happening now. First, what is it?
It happens when long-term US Treasury yields are lower than short-term US Treasury yields. It's usually the opposite. Long term rates are usually higher because there has to be an incentive for investors to tie up their money for longer terms. Just like with long-term CDs at banks paying a higher interest rate.
Normally, this negative yield curve happens when investors want to invest in a country's long-term economy. Ask yourself this question: why buy ANY Treasuries -- long or short -- in an economy on the brink of recession?
When investors flooded into the long-term US Treasuries to invest in the US economy, the high demand caused there to be no increased adjustment in the yields. Why pay investors more if they're buying them all up anyway? It's like a company offering a sale on an item that is flying off the shelves at the current price. The return rate of interest is less because there is no reason to increase it. Damn, so many investors want those long-term US Treasuries that the government didn't have to offer an incentive. That damn, failing US economy, the one on the brink of recession is selling long-term US Treasuries at less yield than short-term US Treasuries, and people are still buying them.
There is no denying that the US economy is the strongest in the world right now. Where else would investors be willing to park bond investments over a long term? Any idea? So it's not outlandish to imagine lines of investors buying US Treasuries. If the US economy was on the brink of failure, there's an awful lot of stupid investors out there.
Let's say we were talking about a company selling a product instead of a country selling Treasuries. If that company was selling products hand over fist at a greater profit, would that mean the business is failing and about to shut down?
Everyone is buying dollars right now. Everyone is buying US Treasuries right now.
The negative yield curve has happened because the US Treasury doesn’t need to provide an incentive for investors to buy long-term at a higher yield. Why offer a higher rate when everyone is buying anyway?
The media has taken one small coincidental indicator from past recessions (that has happened almost 2 years before recessions, but not always) without considering everything else involved -- to flood the airwaves and cyberspace with their recession narrative.
I have always posted about market drivers and Main Street vs Wall Street. It all comes into play with this media-driven recession talk. Consumer confidence and consumer purchasing are two of the main market drivers.
Wall Street (Goldman Sachs, et al) has a globalist mindset. Main Street has Trump's 'America First' mindset. The two streets have different goals and objectives when it comes to interest rates, the Fed, trade and specifically to China. Wall Street doesn't want companies leaving China, creating new supply chains, and the US making preparations to abandon trade with China if it becomes necessary. Wall Street wants globalist status quo.
There is nothing more sinister than globalists attempting to erode US consumer confidence, strike fear in their wallets, get them to sit on their increased wages and stop purchasing. When consumers stop purchasing, one of the biggest market drivers is gone. The domino effects start happening -- sales go down, profits go down, stock market reacts negatively to lower profits, worker layoffs, higher unemployment, hiring stops, wages drop, companies begin to sell off assets and stop expanding, negative GDP starts occurring, and here comes the media's predicted recession -- that they stoked.
Don't say it's crazy to think any of this. Look at all of your own theories in this forum with 9-11, Trump, Iran, Trump, the military industrial complex, Trump, Epstein, Trump, the Illuminati, Trump, the Bilderbergs, Trump, Russia, the Fed, blah blah blah.
Having a globalist media feeding economic propaganda to consumers is an easy thing to do. Look how they've manipulated political polls, given one party a pass over the other and been selective in their reporting -- and even lying and perpetuating lies.
My advice is to watch ALL indicators -- ALL -- and not put all of your doom & gloom eggs in the negative yield curve basket. By itself, the current negative yield curve phenomenon is just supply & demand economics.
As a preface to all that follows, the "negative yield curve" is not an indicator or a cause of recession. Not even close. It is a coincidental occurrence that has preceded some recessions.
Are there more and more indicators of recession? No. Actually, there are NO indicators, but there is more and more gaslighting by the media.
First, let's look at what has to occur in a recession. The dominant defining occurrence is two straight months of negative GDP. There are a huge number of variables that must occur for there to be negative GDP. The US hasn't had one of those variables kick in and isn't even close. Is anyone of the experts predicting a recession also predicting even one negative quarter? Nope.
What else has to happen?
Second, unemployment rises and business stops expanding and stops hiring. They even start laying off workers. Not one or two businesses do this. Almost all stop expanding and stop hiring and start laying off.
What else has to happen?
Third, wages would be falling and companies would be selling off assets. Not one or two companies and not wages in one sector. Almost all wages and almost all companies.
What else has to happen?
Fourth, overall, the economy would be shrinking -- contracting. It ain't.
And all this nonsense about fewer new cars and fewer new tractors being sold is a big, huge warning sign is exactly that -- nonsense. Do you buy a new car every damn year? How many people do? If you worked on a farm, did you buy a new tractor every year or even every 5 years? Hell no.
People in the US economy have higher wages and more disposable income right now than they've had in a decade. That's a fact. The other fact is that consumer spending is high and consumer sentiment and confidence has been high. Consumers are buying -- it's just not new cars and damn tractors. Those two slight downturns in sales -- alone -- are not a recession warning.
Now, let's look at this negative yield curve and why it's happening now. First, what is it?
It happens when long-term US Treasury yields are lower than short-term US Treasury yields. It's usually the opposite. Long term rates are usually higher because there has to be an incentive for investors to tie up their money for longer terms. Just like with long-term CDs at banks paying a higher interest rate.
Normally, this negative yield curve happens when investors want to invest in a country's long-term economy. Ask yourself this question: why buy ANY Treasuries -- long or short -- in an economy on the brink of recession?
When investors flooded into the long-term US Treasuries to invest in the US economy, the high demand caused there to be no increased adjustment in the yields. Why pay investors more if they're buying them all up anyway? It's like a company offering a sale on an item that is flying off the shelves at the current price. The return rate of interest is less because there is no reason to increase it. Damn, so many investors want those long-term US Treasuries that the government didn't have to offer an incentive. That damn, failing US economy, the one on the brink of recession is selling long-term US Treasuries at less yield than short-term US Treasuries, and people are still buying them.
There is no denying that the US economy is the strongest in the world right now. Where else would investors be willing to park bond investments over a long term? Any idea? So it's not outlandish to imagine lines of investors buying US Treasuries. If the US economy was on the brink of failure, there's an awful lot of stupid investors out there.
Let's say we were talking about a company selling a product instead of a country selling Treasuries. If that company was selling products hand over fist at a greater profit, would that mean the business is failing and about to shut down?
Everyone is buying dollars right now. Everyone is buying US Treasuries right now.
The negative yield curve has happened because the US Treasury doesn’t need to provide an incentive for investors to buy long-term at a higher yield. Why offer a higher rate when everyone is buying anyway?
The media has taken one small coincidental indicator from past recessions (that has happened almost 2 years before recessions, but not always) without considering everything else involved -- to flood the airwaves and cyberspace with their recession narrative.
I have always posted about market drivers and Main Street vs Wall Street. It all comes into play with this media-driven recession talk. Consumer confidence and consumer purchasing are two of the main market drivers.
Wall Street (Goldman Sachs, et al) has a globalist mindset. Main Street has Trump's 'America First' mindset. The two streets have different goals and objectives when it comes to interest rates, the Fed, trade and specifically to China. Wall Street doesn't want companies leaving China, creating new supply chains, and the US making preparations to abandon trade with China if it becomes necessary. Wall Street wants globalist status quo.
There is nothing more sinister than globalists attempting to erode US consumer confidence, strike fear in their wallets, get them to sit on their increased wages and stop purchasing. When consumers stop purchasing, one of the biggest market drivers is gone. The domino effects start happening -- sales go down, profits go down, stock market reacts negatively to lower profits, worker layoffs, higher unemployment, hiring stops, wages drop, companies begin to sell off assets and stop expanding, negative GDP starts occurring, and here comes the media's predicted recession -- that they stoked.
Don't say it's crazy to think any of this. Look at all of your own theories in this forum with 9-11, Trump, Iran, Trump, the military industrial complex, Trump, Epstein, Trump, the Illuminati, Trump, the Bilderbergs, Trump, Russia, the Fed, blah blah blah.
Having a globalist media feeding economic propaganda to consumers is an easy thing to do. Look how they've manipulated political polls, given one party a pass over the other and been selective in their reporting -- and even lying and perpetuating lies.
My advice is to watch ALL indicators -- ALL -- and not put all of your doom & gloom eggs in the negative yield curve basket. By itself, the current negative yield curve phenomenon is just supply & demand economics.
AMERICA: One of the Greatest Stories Ever Told.
-
jackspratt
- udonmap.com
- Posts: 16900
- Joined: July 2, 2006, 5:29 pm
Re: U.S. Politics
Queen Gertrude - is that you? 
Reality and panic seems to be creeping up - if the US goes into recession (as is likely, despite the above irrelevant, conspiracy-ridden rant), the Bloated Orange Bullshiiter is faarked next November.
Bill Clinton put it best - it's the economy stupid!
Hallelujah.
Reality and panic seems to be creeping up - if the US goes into recession (as is likely, despite the above irrelevant, conspiracy-ridden rant), the Bloated Orange Bullshiiter is faarked next November.
Bill Clinton put it best - it's the economy stupid!
Hallelujah.
Re: U.S. Politics
Where to start Lonesome (nonsense Hell, you must settle down the remember the BP, Look after yourself)
And all this nonsense about fewer new cars and fewer new tractors being sold is a big, huge warning sign is exactly that -- nonsense. Do you buy a new car every damn year? How many people do? If you worked on a farm, did you buy a new tractor every year or even every 5 years? Hell no.
People in the US economy have higher wages and more disposable income right now than they've had in a decade. That's a fact. The other fact is that consumer spending is high and consumer sentiment and confidence has been high. Consumers are buying -- it's just not new cars and damn tractors. Those two slight downturns in sales -- alone -- are not a recession warning.
So why arent car sales UP as americans love driving that NEW car and why arent Farmimg Implemet sales up? All that cash and what are they doing with it? Heah Trump gave the Farmers what $16 or $18 Billion that should by a few disc or combines
A start to a recession , possibly
Be Prepared
And all this nonsense about fewer new cars and fewer new tractors being sold is a big, huge warning sign is exactly that -- nonsense. Do you buy a new car every damn year? How many people do? If you worked on a farm, did you buy a new tractor every year or even every 5 years? Hell no.
People in the US economy have higher wages and more disposable income right now than they've had in a decade. That's a fact. The other fact is that consumer spending is high and consumer sentiment and confidence has been high. Consumers are buying -- it's just not new cars and damn tractors. Those two slight downturns in sales -- alone -- are not a recession warning.
So why arent car sales UP as americans love driving that NEW car and why arent Farmimg Implemet sales up? All that cash and what are they doing with it? Heah Trump gave the Farmers what $16 or $18 Billion that should by a few disc or combines
A start to a recession , possibly
Be Prepared
Re: U.S. Politics
.
Sleepy Uncle Joe Biden has left the campaign trail and is vacationing in the Caribbean. What?
Hickenlooper drops out of the Democrat field for president. Might run for US Senate in Colorado. Weak GOPe Mush Senator in Colorado ripe for a beating.
Tulsi Gabbard has reported for active duty with the Hawaiian Army National Guard in Indonesia for two weeks. Gabbard holds the rank of major.
Sleepy Uncle Joe Biden has left the campaign trail and is vacationing in the Caribbean. What?
Hickenlooper drops out of the Democrat field for president. Might run for US Senate in Colorado. Weak GOPe Mush Senator in Colorado ripe for a beating.
Tulsi Gabbard has reported for active duty with the Hawaiian Army National Guard in Indonesia for two weeks. Gabbard holds the rank of major.
AMERICA: One of the Greatest Stories Ever Told.
Re: U.S. Politics
.
Israel denies entry to two of the Harpies of Hate. BRAVO!
Ilhan Omar and Rashida Tlaib, two members of the US Congress have been denied entry to Israel. This announcement was made by Deputy Foreign Minister Tzipi Hotovely.
Hotovely:
Omar and Tlaib are strong proponents of the BDS movement that targets Israel. They have also both been accused of being antisemites.
Israeli Prime Minister Benjamin Netanyahu:
Israel denies entry to two of the Harpies of Hate. BRAVO!
Ilhan Omar and Rashida Tlaib, two members of the US Congress have been denied entry to Israel. This announcement was made by Deputy Foreign Minister Tzipi Hotovely.
Hotovely:
Israel has a law on the books that prohibits a foreigner entry who “knowingly issues a public call for boycotting Israel.” That law has been in force since 2017.“Israel has decided — we won’t enable the members of Congress to enter the country.
“We won’t allow those who deny our right to exist in this world to enter Israel. In principle this is a very justified decision."
Omar and Tlaib are strong proponents of the BDS movement that targets Israel. They have also both been accused of being antisemites.
Israeli Prime Minister Benjamin Netanyahu:
I agree.“The two-member congressional visitation plan shows that their intent is to hurt Israel and increase its unrest against it.”
AMERICA: One of the Greatest Stories Ever Told.
Re: U.S. Politics
"Trump accuses media of crashing the economy to ruin his presidency amid recession concerns"
I will let you fill in the blanks
I will let you fill in the blanks
Re: U.S. Politics
"Sleepy Uncle Joe Biden has left the campaign trail and is vacationing in the Caribbean. What? "
Secret talks being held
Secret talks being held
Re: U.S. Politics
.
Boom! Boom! Boom!
Walmart earnings report blows up the recession fear mongering 48 hours after it started. The US Commerce report for July also helped to crush the fear mongering.
The market drivers of consumer spending and consumer sentiment, ladies and gents. Evidence continues to be provided, but ignored and criticized by those cheering for failure.
Walmart is both the largest US retailer and largest US grocer. Over 5,200 locations and almost $400 Billion in sales every year.
Walmart not only had increased sales in the 2Q, but doubled its sales forecast for the remainder of the year. Their profits forecast for the year was also raised. The announcement included factoring in the impact of tariffs to be implemented in the future.
Opposite of recession.
Walmart shares responded with a 5% gain for the day, and the US markets responded positively overall. Dow up 99 points.
Opposite of recession.
Walmart reported online sales growth year-over-year at 37%.
Opposite of recession.
Chief Financial Officer Brett Biggs:
Walmart's continued increase in sales and robust forecast for sales and profits reflects consumer strength.
Opposite of recession.
The next big hammer to drop on recession doom & gloom came from the US Commerce Department. Retail sales data for July increased by 0.7% over the previous month, which DOUBLED market expectations. Sales less autos rose 1%, which is well above the 0.3% that "experts" anticipated.
Opposite of recession.
There are no blanks to be filled in here. No one has to guess. No innuendo. All of the data reflects strong consumer participation.
Facing these facts will be difficult for those cheering for failure. Those who continue to ignore the data are wishcasting. Translation: they don't care about any facts BECAUSE TRUMP. Gotta GET TRUMP.
So eager to jump on bad news and gloom & doom. Triggered emotions are once again smacked down with the full force of a hickory 2x4 in the form of FACTS.
STILL WINNING.
Boom! Boom! Boom!
Walmart earnings report blows up the recession fear mongering 48 hours after it started. The US Commerce report for July also helped to crush the fear mongering.
The market drivers of consumer spending and consumer sentiment, ladies and gents. Evidence continues to be provided, but ignored and criticized by those cheering for failure.
Walmart is both the largest US retailer and largest US grocer. Over 5,200 locations and almost $400 Billion in sales every year.
Walmart not only had increased sales in the 2Q, but doubled its sales forecast for the remainder of the year. Their profits forecast for the year was also raised. The announcement included factoring in the impact of tariffs to be implemented in the future.
Opposite of recession.
Walmart shares responded with a 5% gain for the day, and the US markets responded positively overall. Dow up 99 points.
Opposite of recession.
Walmart reported online sales growth year-over-year at 37%.
Opposite of recession.
Chief Financial Officer Brett Biggs:
Opposite of recession.“We still feel good about the consumer overall.”
Walmart's continued increase in sales and robust forecast for sales and profits reflects consumer strength.
Opposite of recession.
The next big hammer to drop on recession doom & gloom came from the US Commerce Department. Retail sales data for July increased by 0.7% over the previous month, which DOUBLED market expectations. Sales less autos rose 1%, which is well above the 0.3% that "experts" anticipated.
Opposite of recession.
There are no blanks to be filled in here. No one has to guess. No innuendo. All of the data reflects strong consumer participation.
Facing these facts will be difficult for those cheering for failure. Those who continue to ignore the data are wishcasting. Translation: they don't care about any facts BECAUSE TRUMP. Gotta GET TRUMP.
So eager to jump on bad news and gloom & doom. Triggered emotions are once again smacked down with the full force of a hickory 2x4 in the form of FACTS.
STILL WINNING.
AMERICA: One of the Greatest Stories Ever Told.
Re: U.S. Politics
" Walamrt doubled its sales forecast for the remainder of the year. Their profits forecast for the year was also raised. The announcement included factoring in the impact of tariffs to be implemented in the future. "
Now remember how you deplore Forcasts and tell us all how much BS they are Now you want to HIGHLITE them and tell us how great they are
Choose one side of the fence or the other
Now remember how you deplore Forcasts and tell us all how much BS they are Now you want to HIGHLITE them and tell us how great they are
Choose one side of the fence or the other
Re: U.S. Politics
.
Facts damn matter -- to everyone except those cheering for failure.
So that pesky yield curve inverted, and everyone went apoplectic over a recession, but the cheerleaders were loving every second of it.
I tried to warn those with some facts about how US Treasuries work and how the inverted yield curve ain't the be-all to end-all with recessions. The mockery from the usual suspects ensued. Predictable.
Well, a dump of facts and data were dropped on the markets Thursday morning, and the doom & gloomers were sent scrambling to RAISE their forecasts for economic growth. Yes, they are RAISING THEIR FORECASTS.
Forecasts raised? Yes, based on facts. Based on market drivers showing signs of strength. Not wishcasting.
A quick list:
- better than expected retail sales
- stronger than expected numbers in manufacturing from the New York Fed and Philadelphia Fed
- Industrial production numbers were down, but due mainly to Boeing's problems
New forecasts:
- Atlanta Fed forecasts 3Q GDP from 1.9% to 2.2%
- CNBC survey of economists forecast from 1.9% to 2.1%
- Other economists upgraded the economy based on strong data, particularly the strength of the U.S. consumer.
Mohammed El-Erian:
“The U.S. consumer cannot rescue the world but it can insulate the U.S. economy from the world’s problems.”
Market drivers, baby.
STILL DAMN WINNING.
Facts damn matter -- to everyone except those cheering for failure.
So that pesky yield curve inverted, and everyone went apoplectic over a recession, but the cheerleaders were loving every second of it.
I tried to warn those with some facts about how US Treasuries work and how the inverted yield curve ain't the be-all to end-all with recessions. The mockery from the usual suspects ensued. Predictable.
Well, a dump of facts and data were dropped on the markets Thursday morning, and the doom & gloomers were sent scrambling to RAISE their forecasts for economic growth. Yes, they are RAISING THEIR FORECASTS.
Forecasts raised? Yes, based on facts. Based on market drivers showing signs of strength. Not wishcasting.
A quick list:
- better than expected retail sales
- stronger than expected numbers in manufacturing from the New York Fed and Philadelphia Fed
- Industrial production numbers were down, but due mainly to Boeing's problems
New forecasts:
- Atlanta Fed forecasts 3Q GDP from 1.9% to 2.2%
- CNBC survey of economists forecast from 1.9% to 2.1%
- Other economists upgraded the economy based on strong data, particularly the strength of the U.S. consumer.
Mohammed El-Erian:
“The U.S. consumer cannot rescue the world but it can insulate the U.S. economy from the world’s problems.”
Market drivers, baby.
STILL DAMN WINNING.
AMERICA: One of the Greatest Stories Ever Told.
Re: U.S. Politics
"Facts damn matter -- to everyone except those cheering for failure."
Forecasts are not FACTS My Son they are exactly what they imply , Maybes. I was under the impressions you that was all BS
So I guess that is not true then
Forecasts are not FACTS My Son they are exactly what they imply , Maybes. I was under the impressions you that was all BS
So I guess that is not true then
Re: U.S. Politics
.
Forecasters reverse course in 24 hours.
Oh my! The good news just keeps on coming. The cheerleaders will not be happy.
Multiple economic reports show that the economy is outshining the doom & gloom painted by the bond market. Economic growth is still happening, and the big reason is the American consumer.
Worker productivity -- another big market driver -- grew at a rate of 2.3%.
There is still anticipation that the Fed will cut interest rates in September. That will be a plus. Powell better do what is best for the economy. That's why the Fed is there -- to do what's best for the US economy.
Homebuilder confidence hit 66, which is a point higher than the month before. Anything above 50 is considered positive.
And that pesky inversion? The spread is no longer inverted. Just 24 hours later. Ooooops.
One economist interviewed regarding the yield curve stated that it is an over-rated and overstated component. He said that retail sales are the key. He believes that 3 straight months of retail sales decline is a recession key. It ain't happening. Retail sales are still strong.
Michelle Meyer, Bank of America Merrill Lynch, fully expected strong consumer reports in July. Her forecast was double the 0.3% expectation. One of her big drivers was Amazon.
Michelle Meyer:
Many economists in the US believe that the consumer is 2/3 of the US economy. Manufacturing is only 10% of private sector jobs. Consumer spending continues at a rapid rate.
Empire State Manufacturing Survey forecasted a 0.5 increase. The Phladelphia Fed Survey projected 8.0. Empire State came in at 4.8, and Philly came in at 16.8. Much higher than expected.
Facts matter to everyone except those cheering for failure.
Those pesky facts. The truth'll sting ya.
STILL WINNING.
Forecasters reverse course in 24 hours.
Oh my! The good news just keeps on coming. The cheerleaders will not be happy.
Multiple economic reports show that the economy is outshining the doom & gloom painted by the bond market. Economic growth is still happening, and the big reason is the American consumer.
Worker productivity -- another big market driver -- grew at a rate of 2.3%.
There is still anticipation that the Fed will cut interest rates in September. That will be a plus. Powell better do what is best for the economy. That's why the Fed is there -- to do what's best for the US economy.
Homebuilder confidence hit 66, which is a point higher than the month before. Anything above 50 is considered positive.
And that pesky inversion? The spread is no longer inverted. Just 24 hours later. Ooooops.
One economist interviewed regarding the yield curve stated that it is an over-rated and overstated component. He said that retail sales are the key. He believes that 3 straight months of retail sales decline is a recession key. It ain't happening. Retail sales are still strong.
Michelle Meyer, Bank of America Merrill Lynch, fully expected strong consumer reports in July. Her forecast was double the 0.3% expectation. One of her big drivers was Amazon.
Michelle Meyer:
A solid labor market that still adds jobs, jobless claims that fall within the same 207,000-220,000 window, and having more job openings than people looking for work, has been a boon to the US economy -- a strong driver. Unemployment remains under 4%.“The promotion season was so big, and it was retailers outside of Amazon trying to compete. It shows the consumer was able to spend.
“I was pleasantly surprised by the Empire Manufacturing and Philadelphia Fed. Both came in above expectations and these are August surveys. Their sentiment actually improved in the month.”
Many economists in the US believe that the consumer is 2/3 of the US economy. Manufacturing is only 10% of private sector jobs. Consumer spending continues at a rapid rate.
Empire State Manufacturing Survey forecasted a 0.5 increase. The Phladelphia Fed Survey projected 8.0. Empire State came in at 4.8, and Philly came in at 16.8. Much higher than expected.
Facts matter to everyone except those cheering for failure.
Those pesky facts. The truth'll sting ya.
STILL WINNING.
AMERICA: One of the Greatest Stories Ever Told.