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  1. #31

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    Quote Originally Posted by howeda7 View Post
    Trump just "hereby ordered" American businesses how to conduct themselves. I look forward to The Fellas screaming "socialist" at him and condemning him.
    Bad wording by Trump there. No doubt about it.

    Note: Some theorize that the wording was for the consumption of the Chinese, since that is the type of language they use. Possible, but I still don't favor that phrase.
    Last edited by bga1; 08-23-2019 at 02:15 PM.


  2. #32

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    Quote Originally Posted by bga1 View Post
    Good stuff. We need to return to being a producing, saving and investing population. A good start to that would be to return more manufacturing to the US.
    100% caused by US monetary policy. Can not fix without changing US monetary policy.

  3. #33

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    Quote Originally Posted by Section2 View Post
    100% caused by US monetary policy. Can not fix without changing US monetary policy.
    What would you suggest- I am not arguing, I'm wondering. I take it step one for you is eliminate the Fed. Considering how unlikely that is 99.99999% not happening ...are there baby steps you would encourage?

  4. #34

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    Quote Originally Posted by bga1 View Post
    A three point shooter got hot and hit 50% of his threes over a period of 4 games. He had replaced a 3 point shooter that had been hitting at 25%. After the hot stretch the three point shooter "cooled" to 40% for the rest of the year. Because he was no longer shooting at 50% should the fans be wishing for the 25% shooter to return?

    Period

  5. #35

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    Quote Originally Posted by justthefacts View Post
    Like I said: A three point shooter got hot and hit 50% of his threes over a period of 4 games. He had replaced a 3 point shooter that had been hitting at 25%. After the hot stretch the three point shooter "cooled" to 40% for the rest of the year. Because he was no longer shooting at 50% should the fans be wishing for the 25% shooter to return?


    We are way above where Obama was- even if the contraction you are hoping and praying for happens.

  6. #36

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    Quote Originally Posted by bga1 View Post
    What would you suggest- I am not arguing, I'm wondering. I take it step one for you is eliminate the Fed. Considering how unlikely that is 99.99999% not happening ...are there baby steps you would encourage?
    Political realities mean that we will never solve our problems and we are headed for insolvency and hyperinflation. There's no way to make small changes and keep unemployment at zero and the stock market high.

    I guess I would start by realizing that there is no good way forward that doesn't involve pain. What the Fed has done is a tremendous mistake and continues to be destructive. It has destroyed the price system in the bond market. The price system is the most important mechanism in the economy.

    Baby step, continue to wind down the balance sheet.

    Here's an interesting watch, Jim Grant is probably my favorite, although I hate Santelli.
    https://www.youtube.com/watch?v=ycFtJujkB04

  7. #37

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    Quote Originally Posted by Section2 View Post
    Political realities mean that we will never solve our problems and we are headed for insolvency and hyperinflation. There's no way to make small changes and keep unemployment at zero and the stock market high.

    I guess I would start by realizing that there is no good way forward that doesn't involve pain. What the Fed has done is a tremendous mistake and continues to be destructive. It has destroyed the price system in the bond market. The price system is the most important mechanism in the economy.

    Baby step, continue to wind down the balance sheet.

    Here's an interesting watch, Jim Grant is probably my favorite, although I hate Santelli.
    https://www.youtube.com/watch?v=ycFtJujkB04
    S2- I don't disagree with you. There is one guy on the scene who is not the normal political reality. Trump. So far, in my view he has been incredible on everything but the debt and deficits. There, not so good. However, he has shown a willingness to accept short term pain in an attempt to resolve 2 major problems: 1. Illegal immigration which does cost us 100-150 billion per year and 2) China, which has taken our technology and robbed us of a lot of our manufacturing base. In fact it is cheap goods from China that has been behind much of our wild consumption habits that you point to. Trump is taking a short term political beating with the tariffs in order to attempt to bring a lot of manufacturing back to our shores- which would be huge. I don't believe tariffs are the end game at all, but rather the beginning in a shift that will bring production home and to more stable friendly nations, Mexico being one of them.

    Based on that, I still believe that part of his plan, following re-election, would be to actually work on the balance sheet and there are rumblings that he will do just that. Announcing it as a plan would be total political suicide and he would lose in 2020. But after 2020 he has that chance, though I admit that Congress is still a huge stumbling block.

  8. #38

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    Quote Originally Posted by Section2 View Post
    What a great find, READ THIS ENTIRE THREAD. Explains perfectly where we are and where we are headed:


  9. #39

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    Quote Originally Posted by bga1 View Post
    A three point shooter got hot and hit 50% of his threes over a period of 4 games. He had replaced a 3 point shooter that had been hitting at 25%. After the hot stretch the three point shooter "cooled" to 40% for the rest of the year. Because he was no longer shooting at 50% should the fans be wishing for the 25% shooter to return?

    Period
    ^^^^^^^^
    Baffleblab!
    ~ Wright about Life - Having fun with words since 1989 ~

  10. #40
    Join Date
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    Default Rebuilding manufacturing was the point of electing Trump

    Quote Originally Posted by KillerGopherFan View Post
    I know the left and the MSM want to talk us into a recession, but don’t get too excited about your news.

    Moron.

    https://www.bloomberg.com/news/artic...facturing-data

    Goldman Says Don’t Worry So Much About Weak Manufacturing Data

    Markets pay too much attention to manufacturing data and shouldn’t be overly concerned about recent weakness in the sector, according to Goldman Sachs Group Inc.

    Manufacturing drives about a third of the bond-market impact of growth data surprises and that’s probably more than it should be, Goldman economists including Daan Struyven wrote in a note July 19. Economic statistics are disproportionately focused on manufacturing and only “slowly evolving” their way out despite the drop in its share of gross domestic product to around 10%, they said.

    “It is important not to get too obsessed with ups and downs in manufacturing data to assess the overall pace of economic growth,” the report said. “We are therefore not too worried about the Q2 slowing of manufacturing data, which likely reflects an inventory adjustment, weaker foreign growth, and 2018 dollar appreciation.”

    Ahead of the Federal Reserve’s meeting at the end of this month, economists and strategists have been watching fragility in manufacturing as a potential key to whether, or how much, policy makers decide to cut rates. The JPMorgan Global Manufacturing PMI has been on a downward trajectory for more than a year and dropped into contraction territory in May and June. U.S. manufacturing output has fallen in consecutive quarters, the common definition of recession within the industry.

    Goldman estimates that manufacturing data like the ISM and industrial production reports account for 25% to 45% of the bond market impact of activity data surprises, while the sector now accounts for only 20% of the volatility in overall output growth and 10% of the volatility in job growth.

    “We warn against putting excessive weight on ups and downs in manufacturing data,” Goldman said. “Manufacturing is not the economy.”
    Apologist and Revisionist.

    Moron.
    You can call me Shirley. The "S" has to stand for something!

  11. #41
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    Quote Originally Posted by LesBolstad View Post
    Yes! What's a few hundred thousand people losing their homes/jobs/life savings so we can gain political power! You know a recession would do that, right?
    Keeping him in power would do more damage to more people.

  12. #42

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    Quote Originally Posted by Dean S View Post
    Apologist and Revisionist.
    You say very little, but know less.

  13. #43

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    Quote Originally Posted by bga1 View Post
    Like I said: A three point shooter got hot and hit 50% of his threes over a period of 4 games. He had replaced a 3 point shooter that had been hitting at 25%. After the hot stretch the three point shooter "cooled" to 40% for the rest of the year. Because he was no longer shooting at 50% should the fans be wishing for the 25% shooter to return?


    We are way above where Obama was- even if the contraction you are hoping and praying for happens.


    https://tradingeconomics.com/united-...ufacturing-pmi

  14. #44

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    Quote Originally Posted by justthefacts View Post
    I don't think you understand the graph you are posting. It is the measure of where things are headed as compared to where they just were. It is natural that when you have a two year hot run that there is going to be cooling in the streak. In this case that bit of cooling is at a far better level than the rising curve in 2014. More people are working and producing now, than at that time. This is not a comparison between the level of manufacturing activity in 2014 (for example) versus today. It is a trend line. So again a guy might have weighed 300 in 2014 and lost 100 pounds by 2018. Then in 2019 he gains 10 pounds so he is now at 210. He still weighs far less and is better off in 2019, even though he is gaining a little weight at the moment. You are grasping at straws to cook up a story that just doesn't exist.

  15. #45

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