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Speyside Offline
#1 Posted:
Joined: 03-16-2015
Posts: 13,106
Sourced from CNN


The economy grew 4.1% during the second quarter. The best quarterly growth rate since 2014. This is happening under president Trump. He said he would improve the economy and the numbers are starting to show he is.
DrafterX Offline
#2 Posted:
Joined: 10-18-2005
Posts: 98,548
Plus Free Trade with da EU soon... Including LNG and like a billion tons of beans and stuff.. ThumpUp
DrafterX Offline
#3 Posted:
Joined: 10-18-2005
Posts: 98,548
Oh, and the LNG deal is like a good swift kick into Putin's nuts... Mellow
frankj1 Offline
#4 Posted:
Joined: 02-08-2007
Posts: 44,221
DrafterX wrote:
Plus Free Trade with da EU soon... Including LNG and like a billion tons of beans and stuff.. ThumpUp

those will be good deals, they've agreed to make deals, have not made deals yet, but I'm glad he has decided to play nice with our best friends. Way more normal feel to it.

We'll have to wait a few years on the LNG as they need to build facilities not now in place.
The soy beans will neutralize the losses to China due to tariffs.

Nice change from the unnecessary drama.
DrafterX Offline
#5 Posted:
Joined: 10-18-2005
Posts: 98,548
Fatty Fat fat is tearing down another nuke test sight also... Mellow
frankj1 Offline
#6 Posted:
Joined: 02-08-2007
Posts: 44,221
now you're pushing your luck!
SmokeMonkey Offline
#7 Posted:
Joined: 04-05-2015
Posts: 5,688
No whammies., no whammies!

Wait, that was “Press Your Luck.” Never mind.
delta1 Offline
#8 Posted:
Joined: 11-23-2011
Posts: 28,784
kinda like living with an abusive father...he kicks your azz just because he wants to, then makes nice...and you're very grateful he's making nice while ice packing your bruises...
DrafterX Offline
#9 Posted:
Joined: 10-18-2005
Posts: 98,548
Mellow
Mattie B Offline
#10 Posted:
Joined: 12-12-2005
Posts: 6,350
Delta you are a great example of why I don’t listen to many liberals. Even when something is GREAT for every US citizen, you still make the conversation negative. I can’t wrap my brain around how partisan some folks can be.

Spey
Your stock went up a few points in my book. Thanks for posting.
frankj1 Offline
#11 Posted:
Joined: 02-08-2007
Posts: 44,221
and I'm just treading water?


Hi Brother Mattie!
Mattie B Offline
#12 Posted:
Joined: 12-12-2005
Posts: 6,350
Frank I brag on you enough. Folks are going to accuse us of having a Bromance if I say much more.


Keep it Kosher brother.
victor809 Offline
#13 Posted:
Joined: 10-14-2011
Posts: 23,866
So... I am a little confused about this.
And I am unable to get a clear picture because Google searching is inundated with current information, I can't parse it to get a timeline.

But this is what I understand about the tariffs (please someone correct me if I'm wrong, with citations)...
Trump imposed some tariffs on the EU...
The EU imposed some retaliatory tariffs on the USA.
Now they have agreed to stop both...
And Trump is claiming victory by getting us back to square 1?

None of the news sources are providing any details on which tariffs, or whether anything is being improved over what it was before he started meddling.... So I call BS on the tariff thing until I get real info.

But, since we are giving him credit... Something no one mentioned here is that the Korean war remains are en route from South Korea. He actually got Kim Jong un to release then as an act of good faith. So kudos for that.
victor809 Offline
#14 Posted:
Joined: 10-14-2011
Posts: 23,866
(incidentally, this was reported on CNN this am, for those of you who think they only report anti trump news)
RMAN4443 Offline
#15 Posted:
Joined: 09-29-2016
Posts: 7,683
delta1 wrote:
kinda like living with an abusive father...he kicks your azz just because he wants to, then makes nice...and you're very grateful he's making nice while ice packing your bruises...

I mostly deserved it when I got my AZZ whipped..Anxious
RMAN4443 Offline
#16 Posted:
Joined: 09-29-2016
Posts: 7,683
victor809 wrote:
(incidentally, this was reported on CNN this am, for those of you who think they only report anti trump news)

Sometime they have to call a spade a spade....
tailgater Offline
#17 Posted:
Joined: 06-01-2000
Posts: 26,185
victor809 wrote:
So... I am a little confused about this.
And I am unable to get a clear picture because Google searching is inundated with current information, I can't parse it to get a timeline.

But this is what I understand about the tariffs (please someone correct me if I'm wrong, with citations)...
Trump imposed some tariffs on the EU...
The EU imposed some retaliatory tariffs on the USA.
Now they have agreed to stop both...
And Trump is claiming victory by getting us back to square 1?

None of the news sources are providing any details on which tariffs, or whether anything is being improved over what it was before he started meddling.... So I call BS on the tariff thing until I get real info.

But, since we are giving him credit... Something no one mentioned here is that the Korean war remains are en route from South Korea. He actually got Kim Jong un to release then as an act of good faith. So kudos for that.


Any Tariff will be met with mixed reviews.
I see it in my industry all the time.

But I've only seen new Trump Tariffs put on nations that had tariffs on us already.
So if both drop the tariffs, then that is a Trump victory.

victor809 Offline
#18 Posted:
Joined: 10-14-2011
Posts: 23,866
Only if they drop the original.

My understanding (and it is quite murky right now. No one seems to be laying the info out clearly and temporally) is that it isn't the original tariffs that are being removed. Just deescalation of the current trade war
tailgater Offline
#19 Posted:
Joined: 06-01-2000
Posts: 26,185
victor809 wrote:
Only if they drop the original.

My understanding (and it is quite murky right now. No one seems to be laying the info out clearly and temporally) is that it isn't the original tariffs that are being removed. Just deescalation of the current trade war


So you're saying that Trump is great!
I agree.

RMAN4443 Offline
#20 Posted:
Joined: 09-29-2016
Posts: 7,683
tailgater wrote:
So you're saying that Trump is great!
I agree.


I heard Orange is the New Black....Applause
delta1 Offline
#21 Posted:
Joined: 11-23-2011
Posts: 28,784
Mattie B wrote:
Delta you are a great example of why I don’t listen to many liberals. Even when something is GREAT for every US citizen, you still make the conversation negative. I can’t wrap my brain around how partisan some folks can be.

Spey
Your stock went up a few points in my book. Thanks for posting.



Here's why I posted what I did, MattieB.

A greater quarterly growth in GDP occurred twice in 2014, and two other times during Obama's tenure.... no one on the right cheered about that, instead decrying the slowness of the recovery...

Listening to con media, they continue to ignore those numbers, instead repeating Trump's boast of economic growth of historic proportions and his prediction that the economy is on track to grow the highest since 2005...

When the economy started revving up, at the beginning of this year, after the corporate and wealthy tax cuts went into effect, I gave President Trump credit and expected a steady growth course. Many economists were expecting a steady growth in the US economy as businesses had more money to spend on growing and on wage increases and so the average person would have more to spend on consumer goods.

Then Trump ran the economy into a brick wall with his tariffs plans...growth stalled with the uncertainty due to threatened trade wars. Imagine the historic number that could've been, but for Trump's tariffs plans.

This took a lot longer to type than the previous post, but I wanted you to understand my perspective...
RMAN4443 Offline
#22 Posted:
Joined: 09-29-2016
Posts: 7,683
delta1 wrote:
Here's why I posted what I did, MattieB.

A greater quarterly growth in GDP occurred twice in 2014, and two other times during Obama's tenure.... no one on the right cheered about that, instead decrying the slowness of the recovery...

Listening to con media, they continue to ignore those numbers, instead repeating Trump's boast of economic growth of historic proportions and his prediction that the economy is on track to grow the highest since 2005...

When the economy started revving up, at the beginning of this year, after the corporate and wealthy tax cuts went into effect, I gave President Trump credit and expected a steady growth course. Many economists were expecting a steady growth in the US economy as businesses had more money to spend on growing and on wage increases and so the average person would have more to spend on consumer goods.

Then Trump ran the economy into a brick wall with his tariffs plans...growth stalled with the uncertainty due to threatened trade wars. Imagine the historic number that could've been, but for Trump's tariffs plans.

This took a lot longer to type than the previous post, but I wanted you to understand my perspective...


Isn't that one of them there fancy "Hypothetical" situations you guys were all aghast at earlier this week???Think


http://www.cigarbid.com/...s-spin-this-#post4346008
delta1 Offline
#23 Posted:
Joined: 11-23-2011
Posts: 28,784
I've re-read my posts, and realize that I shouldn't emulate behavior that I didn't respect when it came from the cons during Obama's presidency...I apologize for my incivility...it has been difficult for me to restrain myself, but I did make a vow a couple of weeks ago to be more civil here, and I am disappointed in my inability to do so...


Thank You, Mr. Trump, for doing your part in the US enjoying a 4.1% GDP during the last quarter...I sincerely hope that your prediction for an historic annual GDP rate is realized. Keep up the good work.
DrafterX Offline
#24 Posted:
Joined: 10-18-2005
Posts: 98,548
The tariffs were imposed because the scales were favoring the EU.. now they are going to be balanced... Mellow
DrafterX Offline
#25 Posted:
Joined: 10-18-2005
Posts: 98,548
Very nice Delta.. that musta hurt... Laugh
RMAN4443 Offline
#26 Posted:
Joined: 09-29-2016
Posts: 7,683
delta1 wrote:
I've re-read my posts, and realize that I shouldn't emulate behavior that I didn't respect when it came from the cons during Obama's presidency...I apologize for my incivility...it has been difficult for me to restrain myself, but I did make a vow a couple of weeks ago to be more civil here, and I am disappointed in my inability to do so...


Thank You, Mr. Trump, for doing your part in the US enjoying a 4.1% GDP during the last quarter...I sincerely hope that your prediction for an historic annual GDP rate is realized. Keep up the good work.

See, that wasn't so hard....and don't you feel better now? Applause Applause
delta1 Offline
#27 Posted:
Joined: 11-23-2011
Posts: 28,784
RMAN4443 wrote:
Isn't that one of them there fancy "Hypothetical" situations you guys were all aghast at earlier this week???Think


http://www.cigarbid.com/...s-spin-this-#post4346008



Trump's Tariffs Plans are real and have been implemented...that he's back-tracking on some because of his inability to foresee foreseeable "unintended" consequences...

https://www.cnn.com/2018/03/22/politics/donald-trump-china-tariffs-trade-war/index.html

https://www.cnn.com/2018/07/10/politics/ustr-new-china-tariffs-trump/index.html

https://www.cbsnews.com/news/trump-administration-imposes-tariffs-on-steel-aluminum-imports-from-europe-canada-mexico/
RMAN4443 Offline
#28 Posted:
Joined: 09-29-2016
Posts: 7,683
delta1 wrote:
Trump's Tariffs Plans are real and have been implemented...that he's back-tracking on some because of his inability to foresee foreseeable "unintended" consequences...

https://www.cnn.com/2018/03/22/politics/donald-trump-china-tariffs-trade-war/index.html

https://www.cnn.com/2018/07/10/politics/ustr-new-china-tariffs-trump/index.html

https://www.cbsnews.com/news/trump-administration-imposes-tariffs-on-steel-aluminum-imports-from-europe-canada-mexico/



... you asked me to "Imagine If"...…a hypothetical.....Think


delta1 wrote:


Imagine the historic number that could've been, but for Trump's tariffs plans.






Definition of hypothetical
: involving or being based on a suggested idea or theory : being or involving a hypothesis : conjectural hypothetical arguments a hypothetical situation
— hypothetical noun
— hypothetically play \ˌhī-pə-ˈthe-ti-k(ə-)lē\ adverb










DrafterX Offline
#29 Posted:
Joined: 10-18-2005
Posts: 98,548
So, collusion is hypothetical... Mellow
RMAN4443 Offline
#30 Posted:
Joined: 09-29-2016
Posts: 7,683
DrafterX wrote:
So, collusion is hypothetical... Mellow

that's what I heard...Anxious
DrafterX Offline
#31 Posted:
Joined: 10-18-2005
Posts: 98,548
Me too.. I just read it on the internets so it must be true... Mellow
delta1 Offline
#32 Posted:
Joined: 11-23-2011
Posts: 28,784
RMAN4443 wrote:
... you asked me to "Imagine If"...…a hypothetical.....Think


Definition of hypothetical
: involving or being based on a suggested idea or theory : being or involving a hypothesis : conjectural hypothetical arguments a hypothetical situation
— hypothetical noun
— hypothetically play \ˌhī-pə-ˈthe-ti-k(ə-)lē\ adverb





It was a rhetorical question, with an obvious answer...

OK, I concede that I asked a speculative question...hypothetical...but there is no doubt among most economists that Trump's tariffs had a negative affect on the US economy after he imposed them...

Would the US 2Q GDP rate be higher without the tariffs...or lower?


Phil222 Offline
#33 Posted:
Joined: 10-01-2017
Posts: 1,911
I just wish the economy was an accurate gauge of how most Americans are doing. Real wages are down. Most Americans can’t afford a $1,000 emergency. Healthcare is still a joke in this country. He has done little to nothing about fixing our immigration problems. He killed net-neutrality.

Did Trump ever pass the infrastructure spending? How many trillions of dollars has he added to the deficit? I don’t know. I will give him credit when he actually does something that I approve.

https://www.bloomberg.com/view/articles/2018-07-18/trump-s-tax-cut-hasn-t-done-anything-for-workers
RMAN4443 Offline
#34 Posted:
Joined: 09-29-2016
Posts: 7,683
delta1 wrote:
It was a rhetorical question, with an obvious answer...

OK, I concede that I asked a speculative question...hypothetical...but there is no doubt among most economists that Trump's tariffs had a negative affect on the US economy after he imposed them...

Would the US 2Q GDP rate be higher without the tariffs...or lower?



I refuse to deal in hypotheticals....


Sarcasm

Seriously though,I have no idea if the GDP would be higher or lower....but no one else does either...
DrafterX Offline
#35 Posted:
Joined: 10-18-2005
Posts: 98,548
The average Joe has more money in his pocket.. tax returns next year will be higher... Mellow
RMAN4443 Offline
#36 Posted:
Joined: 09-29-2016
Posts: 7,683
DrafterX wrote:
The average Joe has more money in his pocket.. tax returns next year will be higher... Mellow

Company I work for just bought two more $million$ machines last week and a brandy new White Freightliner box truck for deliveries...That's in the neighborhood of $15 million dollars they've spent on improvements since December.
Also,there are so many Mfg. jobs in NH that people were leaving our company stampede style to other available higher paying jobs around the state, that our company has just revamped the pay scale company wide....everyone's getting a raise!

From my seats, the economy looks pretty good =d> =d>
frankj1 Offline
#37 Posted:
Joined: 02-08-2007
Posts: 44,221
RMAN4443 wrote:
Company I work for just bought two more $million$ machines last week and a brandy new White Freightliner box truck for deliveries...That's in the neighborhood of $15 million dollars they've spent on improvements since December.
Also,there are so many Mfg. jobs in NH that people were leaving our company stampede style to other available higher paying jobs around the state, that our company has just revamped the pay scale company wide....everyone's getting a raise!

From my seats, the economy looks pretty good Applause Applause

it's about time youse Cow Hampshire guys created some local jobs so you wouldn't have to depend on Massachusetts.
frankj1 Offline
#38 Posted:
Joined: 02-08-2007
Posts: 44,221
RMAN4443 wrote:
I refuse to deal in hypotheticals....


but what if you did?
Mr. Jones Offline
#39 Posted:
Joined: 06-12-2005
Posts: 19,421
Hey #1 OPIE TAYLOR

WHY DONT YOU ASK HARLEY DAVIDSON HOW GOOD THE ECONOMY IS?

IT BLOWS...will be their response...

THEN ....Ask FORD, CHRYSLER AND CHEVROLET...

ALL TOO SOON TO BE RAISING VARIOUS CAR PRICES BY $2,500-$9,500 L.A.R.G.E. ON MANY MANY NEW CARS...

GEE ....THANKS...TRUMP

That's why I always buy used cars...

A. I'm a poor GRUB ( SPECIAL THANKS TO THE FELON MURDEROUS THIEVES @ THE J. EDGAR HOOVER BLDG
& THEIR S.S.G. DIVISION OF CRIMINAL AGENTS RUNNING
A.M.O.K.)

B. LET the first dumb azz lose 50% of his investment in 3-4 years...I can wait to save that kinda dough.

C.that there "TRUMP TARIFF STEEL BE 'SPENSIVE"

D. IVANKA NEEDS ANOTHER $285 LARGE BOOK ADVANCE
FOR : "WOMEN WHOSE DAD's IN ACT DUMB TARIFFS"
DrafterX Offline
#40 Posted:
Joined: 10-18-2005
Posts: 98,548
Think
RMAN4443 Offline
#41 Posted:
Joined: 09-29-2016
Posts: 7,683
frankj1 wrote:
it's about time youse Cow Hampshire guys created some local jobs so you wouldn't have to depend on Massachusetts.

very very true...used to have to go to Mass. to make any kind of money not too long ago...
RMAN4443 Offline
#42 Posted:
Joined: 09-29-2016
Posts: 7,683
frankj1 wrote:
but what if you did?

I see what you did there...good one Applause
frankj1 Offline
#43 Posted:
Joined: 02-08-2007
Posts: 44,221
RMAN4443 wrote:
I see what you did there...good one Applause

for your eyes only
delta1 Offline
#44 Posted:
Joined: 11-23-2011
Posts: 28,784
RMAN4443 wrote:
I refuse to deal in hypotheticals....


Sarcasm

Seriously though,I have no idea if the GDP would be higher or lower....but no one else does either...



really...would you step on the brakes if your intent was to go forward? That's kinda how the economists who report on the US economy for the media characterized Trump's tariffs...

They are also saying that the tariffs will have a braking effect on the 3Q GDP, when they will be in place for the next full 3 months (among other factors, like low unemployment, reduced effects from tax cuts), making the 4.1% growth rate unsustainable.

Let's re-convene in 3 months to chew on the numbers then...see how trustworthy economists are...


You can tell I am disappointed by Trump...he was on a roll with the economy at the beginning of the year, and I fully expected to win DED's prize...
http://www.cigarbid.com/...162/Dow-at-25000-contest
RMAN4443 Offline
#45 Posted:
Joined: 09-29-2016
Posts: 7,683
delta1 wrote:
really...would you step on the brakes if your intent was to go forward? That's kinda how the economists who report on the US economy for the media characterized Trump's tariffs...That's not what you posted earlier this month?Think Think

They are also saying that the tariffs will have a braking effect on the 3Q GDP, when they will be in place for the next full 3 months (among other factors, like low unemployment, reduced effects from tax cuts), making the 4.1% growth rate unsustainable.

Let's re-convene in 3 months to chew on the numbers then...see how trustworthy economists are...


Hypothetically

The weatherman predicted continuous rain for 4 straight days last week...it actually only rained for a few hours on Sunday....and we had a passing shower on Tuesday....experts are not always right....Anxious

I can wait to see how it plays out....

You seemed a lot more confident in DeD's Sock Market Contest...


deadeyedick wrote:
Here are the wild-ass guesses in order. If doeshin is correct I'm going to be smoking Philly Cheroots and if Gumby is correct I'm going with Cohiba Behikes.


doeshin 19755
Stinger88 23210
oscar 23211
LetsRock 23456
drnos 24500
Frank1 25000
Gummy Jones 25207
JKilburn 26111
SmokeMonkey 26317
Opelmanta1900 26382
madspackler 26420
Danmdevries 26990
Jespear 27102
Ewok126 27250
ypetryna 27318
KingoftheCove 27455
Phil222 27500
Shaun341 28001
bgz 28001.50
buckwheat 28002
Palama 28340
abjd14 28375
Zitotczito 28700
Chazbo 28750
TMCTLT 29025
Firemanmike 29100
DBIII 29113
Bassman45 29410
Abrignac 29500
DED 30015 (does not count)
DrafterX 30015
Delta1 31109
corey sellers 31768
Schreiber 32980
Gumby130 34200


delta1 wrote:
Tariffs haven't affected us much...here's an article about tariffs world-wide. Adam Smith, the economist/author whose philosophies are venerated by American capitalists, advocated free trade. The US economy has exceeded all other world powers in GNP since WWII...

https://www.investopedia.com/ask/answers/040115/which-countries-have-highest-tariffs.asp


delta1 Offline
#46 Posted:
Joined: 11-23-2011
Posts: 28,784
True about experts...and correct about my original confidence...

You misunderstand my point that other nations' historical imposition of tariffs on the US hasn't affected us much, given the success the US has enjoyed in the decades since WWII, which undercuts Trump's rationale for imposing them. I invite you to read the article...

At the time DED posted his contest, the winds of Trump's economic efforts, primarily his tax cut plan, were just starting to blow the Dow upwards at a faster rate than what he inherited from Obama, and I was giving Trump credit and expecting the momentum to continue...hence my guess was among the higher ones...

But Trump has a way of raining on his own parade..................imposing tariffs ...escalating trade wars and possible walk backs....American farmers hurt...Harley bailing.... uncertainty about the US auto industry.....all this chaos doesn't create confidence and that can undermine the Dow, and in some ways, the over-all economy, depending on the size of the tariffs, the stuff targeted and the response of the taxed countries...so I have jumped off the bandwagon...


did you notice my weather references...
RMAN4443 Offline
#47 Posted:
Joined: 09-29-2016
Posts: 7,683
ok,I did misunderstand your point....


I understand your optimism....then and now, But I have to say I am still optimistic ,based on events I see happening in my personal experience...


Trump does tend to rain on his own parade(lol).
.I do think Harley is digging their own grave.....Harley has not been a "Truly American" company for a looooong time, I own 3 myself...and many of my acquaintances own at least one ...if Harley leaves the U.S, all these people who spend $20-$40 K and up for an "American Made' Bike, will start spending their money on one of the other American Made bikes...

This is a site I happened across, it talks about Tariffs on motorcycles....notice the March/2017 date:

https://money.cnn.com/2017/03/01/news/india/trump-harley-davidson-tariff/index.html

and the weather metaphors were noticed...pretty clever....your pretty gud wif wurdz
frankj1 Offline
#48 Posted:
Joined: 02-08-2007
Posts: 44,221
but it did rain somewhere those days.
DrafterX Offline
#49 Posted:
Joined: 10-18-2005
Posts: 98,548
I haven't owned a bike in 25 years... Been thinking about an Indian tho.. just seems appropriate... Mellow
frankj1 Offline
#50 Posted:
Joined: 02-08-2007
Posts: 44,221
DrafterX wrote:
I haven't owned a bike in 25 years... Been thinking about an Indian tho.. just seems appropriate... Mellow

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