Responding to recent data, the NY Fed lowered their GDP forecast for Q2 to 0.8% from 1.2%. My best guess, they’re responding to corporate earnings out of AAPL and MSFT and realizing what fools they been all along.
Almost simultaneously, Fed’s Kaplan is out saying he’d support a June or July rate hike. Serious question, what do you think is going on here?
Obama will be the only President to finish a term without enjoying at least a 3% GDP growth rate. At the same time, markets have soared.
But you’re looking at it all wrong.
Obama did great for the globalists, the oligarchs with slave factories in China and Vietnam. But he did almost nothing for the real America economy, measured by wages and cost of living crosses.
Markets have gone up with the profits realized by multinationals overseas.
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if obama had his way. he would be running the whole world like the good boy that he is. when in reality he may end up the devil with good intentions.
It’s not Obama who did almost nothing for the real America economy, measured by wages and cost of living crosses. It’s Congress. Obama wanted to pass big stimulus bills, but Congress wouldn’t let him. Listen to the guy whom your guy wants for Treasury Secretary, Fly.
Icahn: Republicans don’t understand economics and it’s killing the country
http://www.cnbc.com/2016/04/28/icahn-republicans-dont-understand-economics-and-its-killing-the-country.html
all I know is he propped up too big to fail. that is corruption.
Everyone so far has always propped up too big to fail. That’s why people support Bernie or Trump now.
Our government has become a pro multi-nationalist organization. Fewer people in Washington actually put Americans first. That’s why folks like Bernie and Trump are popular among the great unwashed disenfranchised commoner little people Americans. But it’s not really their fault, they have been fooled by the salesmen on K Street telling our fearless leaders that what’s good for the multi-national corporations is really good for America. These salesmen are the best money can buy and are leagues ahead of the dummies we vote into office.
+1.
We have a few intelligent people in office but not many. Not many intelligent people apply for a job that a cretin can easily do. E.g. Congress members just hold out their hands, collect campaign donations, and then do the bidding of the people who put the money in their hands. No intelligence is required to do that.
This is a good and true article.
Stock market was a propaganda tool. i.e. What percentage of Americans know the underperformance of gdp vs overperformance of market. Maybe, marginally, maybe, was for wealth effect. But they admitted or at least acknowledged quite awhile ago didn’t work.
we were broke either way dead broke credit junkies relying on debt for purchasing power over income and socioeconomic status