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  • Talking Down the Economy

    by coldwarrior ( 36 Comments › )
    Filed under Economy, Open thread at August 14th, 2019 - 11:02 pm

    There is no doubt in my mind that the globalist elites are trying to wreck the economy by talking it down. Endless bad news wherever they can find and then this happens. OOOPS! no one told the businessmen and factory managers that they weren’t supposed to hire anyone because ORANGE MAN BAD!!!

    Hiring is a forward looking, leading indicator. The boots on the ground aren’t listening because GREED IS GOOD. We may soon run out of workers tho, as the pool of available workers shrinks. It’s been shrinking for almost 3 years now.

    And then, they forgot to tell the consumers about the DOOOMMM!!!! Meanwhil, the consumers (workers) are taking home more money.

    Consumer sentiment remained unchanged in late July from the mid-month reading, with all component questions showing only small and offsetting changes. Economic confidence has been remarkably stable since the start of 2017, despite ongoing trade uncertainties. The resilience displayed has been primarily due to a renewed sense of personal financial optimism. Indeed, recent surveys have recorded the most favorable net personal financial expectations since May 2003 (see the chart). Positive job and income prospects, gains in net household wealth, and low inflation have bolstered optimism. At present, consumers do not anticipate a rapid acceleration in income growth rates, nor do they expect significant changes in inflation and unemployment rates. Consumers have not ignored mounting policy uncertainties as they have begun to take precautionary measures to increase savings and reduce debt. Favorable buying attitudes toward homes and vehicles have significantly receded from their cyclical peaks despite declining interest rates. A key issue is whether the recently announced tariffs on Chinese imports, covering more commonly purchased consumer items, will spark an even more cautious outlook. Aside from its direct impact on spending, the much more important issue is how much it lessens overall consumer confidence.

    PMI is still positive.

    All of the news is about the stock market and esoteric yield curves. There is some academic thought that the yield curve inversion won’t hold up in low interest rates. but I won’t bore yinz to tears with that. Also, this is driven by foreign demand for US dollars. The US economy is seen as the best bet in the whole world.

    The overnight pre-markets are all positive as of right now. I didn’t touch any of my investments becasue I simply do not beleive that we are headed for a recession..2 consecutive quarters of negative GDP growth. This is the big bet…retirement money.


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    36 Responses to “Talking Down the Economy”
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    1. Aussie Infidel
      1 | August 15, 2019 2:07 am

      Another good man is facing his three judges. This was a total ‘fit up’ from the beginning as the Melbourne Masonic fraternity including very senior Police and Judges sold Pell down the river. Now there are wicked Catholic cardinals and bishops aplenty but George Pell wasn’t ‘t one of ’em! In face the was cleaning the corruption out of the Vatican Bank and had in the past cleaned out the homosexual mafia in both the Melbourne and Sydney archdiocese. Needless to say he was a marked man.

      Faced with three Appeal Court Justices the Prosecutor totally fell to bits and couldn’t string two lucid words together during the Apeals hearings.

      Pray for Geoge Pell on 21st of the month when the Justices come down with their deliberations.

    2. Aussie Infidel
      2 | August 15, 2019 6:28 am

      Bugger Just got burglarised. My daughter’s place having a refurbishment. Stripped bare having floors sanded and sealed. Locker garage full of her stuff and her new flatPack kitchen. They broke into the garage through a window and stole ~ $2 K worth of flat pack kitchen units awaiting the floors being prepared. No contents insurance because there no contents yet. Flat-Packs aren’t covered in the house insurance because they aren’t yet part of the house! Police Forensics did a fuck all’ quick once over VERY lightly. They wouldn’t have even dusted the door knob except that I INSISTED!

      Fuck !

    3. coldwarrior
      3 | August 15, 2019 8:02 am

      @ Aussie Infidel:
      oh man!

    4. eaglesoars
      4 | August 15, 2019 9:03 am

      @ Aussie Infidel:

      find them. take care of it yourselves.

      It’s a very exciting day on the market so far, Walmart is everybody’s hero.

      And Bibi decided he doesn’t need this bullshit.

      Confirmed: Netanyahu to Block Ilhan Omar, Rashida Tlaib from Entering Israel

      I’m going back to bed.

    5. Tanker
      5 | August 15, 2019 9:12 am

      @ Aussie Infidel:
      Sounds like the resounding efficiency of our local police forces. They seems to do a great job with traffic stops and major crimes, but fail miserably when it comes to what they deem minor crimes. Or as the really call them “victimless crimes”. This isn’t by inability, it’s strictly by design!

    6. Tanker
      6 | August 15, 2019 9:16 am

      @ eaglesoars:
      Smart man!

    7. coldwarrior
      7 | August 15, 2019 11:27 am

      furhter proof that soccer is for socialists

      you will get paid the same as the men as soon as you bring in as much $$$ as the men.

      this is yet another reason why i despise soccer down to my marrow. what these women are trying to do is communism, plain and simple.

      AS i have argued earlier:

      Now onto what is being done to sports. The progressives have been trying to ban/neuter football for years. It is a hated sport on the left because of what occurs early on. The star football player gets the hot chicks because of the base level driving need to recombinate DNA. The dork does not get the hottie and is often lonely. This scars the little man for life and then he takes it out on the real men after he gets a little power. Look at the ridiculous clothes the ‘hipster’ male wears. The oddly-dressed specimen of male would not survive outside of the providing city nor could he protect his offspring and mate, yet this image is often held up in advertising and media as an ideal. But this skinny hipster is not, at the primal level, the ideal that the female wants. He is a creation of the society, of the progressives.

      The star football player gets the girl. Until there is no football. Have you noticed that the networks have been pushing soccer on America, its almost relentless. They push a sport without toughness that features runners who fall down in writhing pain at the slightest touch; run away and fall down, pretty lousy survival plan at the base level. These are not tough guys, these are the hipsters of the sporting world. There is a globalization of sport given that we can see any event from anywhere in the world at any time. So why soccer? Why not Rugby? Why is Rugby, the OBVIOUS choice for the Americans, not pushed on the public as much as Soccer is? Simple, any twerp can play soccer, not all Soccer players are hipster twerps, so don’t get all defensive. Seriously, if i want to see people run, I’ll go to a track and field event. Of course, I will be over there watching the field events: shot-put, hammer throw, javelin….

      Soccer mostly painless and contact is practically prohibited. Its the perfect game for the male who is apt to run away from a confrontation. And it is the game of the world’s poor. Why would anyone want to associate with the world’s poor or do anything that they do? Rugby requires pretty much the same equipment yet it is the sport of the upper classes where it is played. Rugby players live for contact. Contact is an integral part of the game. It is expected, it is the game. These men are not the ones who would run away from conflict. Rugby is obviously closer to what attracts females at a primal level and closer to The American Ideal than Soccer. Rugby is the timeless test of strength, endurance, toughness, intelligence, and quick thinking, that has defines Maleness for Eons. This is why I am convinced that there is some Lefty Hipster Progressive force pushing Soccer on America because if Rugby gets big, then their dreams of an emasculated male society might just vaporize. Keep runnin’ Soccer Boys, you can’t outrun genetics.

    8. coldwarrior
      9 | August 15, 2019 2:30 pm

      fear mongering and sabotage is failing

    9. yenta-fada
      10 | August 15, 2019 3:35 pm

      @ Aussie Infidel:

      We’ve been broken into twice while at work. So they hung around and did petty damages to possessions as well as taking anything that could be re-sold. It left us creeped out because it felt like a violation. So, very good that your daughter wasn’t living there and coming home to damages. We got more careful about the types of locks used, and put bars on the basement half windows. We had insurance, but it took a while for the creep factor to fade.

      There was a closet sized nook in the basement. We got a safe for valuables. Clever hubby even built a sliding bookshelf to make the wall look flat where the safe was hidden. The pullout shelf he devised
      meant we didn’t have to take out all the books each time we wanted to get to the safe.

      Most burglars want to be in and out quickly. They would never have seen where the loot and papers were stored. Safety deposit boxes are OK too, but with busy lives there wasn’t time to run to the bank if you needed a piece of ID or wanted to wear a bracelet.

      The police didn’t bother except to file a report and tell us to get a dog. Safety first. That’s life in the big city.

      As far as shiny yellow stuff, it’s small, but we ended up vaulting it through the dealer. There really is no such thing as anonymity these days anyway and our retirement fund can be insured. Toronto has always been bad for property theft even before the vast increase in drug use.

    10. yenta-fada
      11 | August 15, 2019 4:05 pm

      @ eaglesoars:

      Did you see the vids of Rashida? She acts like a rabid kangaroo hopping around and screaming. I wouldn’t let her near a Jewish population. Same with nutjob Omar. Thugs who get off on hatred. They would incite an ‘incident’ pre-planned. Bred in the 7th century bone.

    11. yenta-fada
      12 | August 15, 2019 4:18 pm

      coldwarrior wrote:

      fear mongering and sabotage is failing

      The person I really like is Rick Santelli who they interview from Chicago. You could be a CNBC regular except for the lying parts.

    12. coldwarrior
      13 | August 15, 2019 5:02 pm

      @ yenta-fada:


    13. Buckeye Abroad
      14 | August 15, 2019 5:43 pm

      @ yenta-fada:

      That was my experience living in Ireland. Half of my colleauges were victims of home or car break ins within one year.

    14. Buckeye Abroad
      15 | August 15, 2019 5:45 pm

      @ coldwarrior:
      Get rid of title IX. For the children!

    15. Deplorable Martian Overlord
      16 | August 15, 2019 6:03 pm

      Aussie Infidel wrote:


      My local police won’t even send out an officer anymore for burglary.

    16. Deplorable Martian Overlord
      17 | August 15, 2019 6:05 pm

      State of MT just redefined top income bracket as starting at single adult 17,900 annual. So, when the left talks about taxing the rich, this is what they mean.

    17. eaglesoars
      20 | August 15, 2019 8:42 pm

      I hope this is true. Not least because it’s so outrageous. I can hear heads exploding already.

      Trump thinking about buying – Greenland?

    18. AZfederalist
      21 | August 15, 2019 9:18 pm

      coldwarrior wrote:

      fear mongering and sabotage is failing

      IMO, Fox Business committed journalistic malpractice the other day when they raised the screaming headline about how a leading indicator that is “100% accurate” in predicting recessions had been reached — the yield curve inversion. They then breathlessly claimed how recessions always followed this indicator, one time it had predicted the recession 24 months in advance. Wait. What?! 24 months in advance? That’s not an indicator, that’s a case of something that happens some time after the first thing with no correlation between the two Yeah, I can say that my tripping over the bathroom rug is an indicator of an impending recession if I set the time horizon to some silly number of months or years.

    19. AZfederalist
      22 | August 15, 2019 9:21 pm

      @ eaglesoars:

      Just the heads exploding factor is enough. But the opportunities are good too. … and imagine if global warming really is true, people can start homesteading. Get your claim staked out early! /s

    20. AZfederalist
      23 | August 15, 2019 9:26 pm

      AZfederalist wrote:

      and imagine if global warming really is true, people can start homesteading

      … and I can see the left jumping on that. “Trump knows global warming is true and is trying to exploit what will happen in the future!”

    21. coldwarrior
      24 | August 15, 2019 9:36 pm

      eaglesoars wrote:

      I hope this is true. Not least because it’s so outrageous. I can hear heads exploding already.

      Trump thinking about buying – Greenland?

      DO IT!!!!

    22. coldwarrior
      25 | August 15, 2019 9:41 pm

      @ AZfederalist:
      If I went into my applied statistics MS defense with the yield curve thing. I would had been asked to leave the program.

    23. rain of lead
      27 | August 15, 2019 9:51 pm

      today at the White House during a photo op Trump said (twice) that this is “the calm before the storm”, and the news media is wondering what in the world he meant.

      The president did not elaborate.

    24. eaglesoars
      28 | August 15, 2019 9:56 pm

      @ AZfederalist:
      @ coldwarrior:

      I doubt it will happen, Denmark won’t give it up. They fought us tooth and nail on Thule air base.

      Dad had to fly there a couple times during the war for some reason I don’t remember. I think it was after he got home from England so maybe he was delivering aircraft. It was during their ‘night season’ and he said it was pretty grim.

      On the other hand…minerals?

    25. lobo91
      29 | August 15, 2019 10:06 pm

      rain of lead wrote:

      today at the White House during a photo op Trump said (twice) that this is “the calm before the storm”, and the news media is wondering what in the world he meant.

      The president did not elaborate.

      I believe that was what’s known as “trolling”…

    26. eaglesoars
      30 | August 15, 2019 10:07 pm

      rain of lead wrote:

      The president did not elaborate.

      I’d like to believe it’s Barr about to drop the hammer, but I don’t.


    27. 31 | August 15, 2019 10:09 pm

      For coldwarrior, with regards to acoustic or electric guitar.

    28. eaglesoars
      33 | August 15, 2019 10:41 pm

      @ doriangrey:

      I checked. They’ve got about 50k people and they fish. Sleepy place. SnoCones would be a thrill.

      So while I was on twitter, I found that Slate got hold of the recording of the NYT staff meeting.

      You’d have to have a heart of stone not to laugh. It’s ALL racism.

    29. 34 | August 16, 2019 1:10 am

      @ doriangrey:
      In 1979, everything was sounding the same, unless you ventured out into the wilderness of roots music.
      40 years later, everything is sounding the same again, unless you venture out into the wilderness of roots music.

    30. Aussie Infidel
      35 | August 16, 2019 4:57 am

      eaglesoars wrote:

      find them. take care of it yourselves.

      Already begun the process. Apparently the gangs use
      spotter teams’ of kids on push bikes to report houses being refurbished. The Process is like a military exercise. The recon is carried out, The initial hit takes most of the ‘heavy units that are loaded into a van. The remainder are left covertly stacked on the property waiting for the follow up often the next day. Fortunately we discover the burglary between the initial and the return visit. 90% of the units have already been re-purchased as the installer is due next week. The glass had been reinforced with 1/2 inch ply nailed to the frames.

      WE were the third house targeted 2 days ago. Exactly the same MO and the same type of flat pack stuff stolen.


    31. Aussie Infidel
      36 | August 16, 2019 7:16 pm

      yenta-fada wrote:

      As far as shiny yellow stuff, it’s small, but we ended up vaulting it through the dealer.

      Best to keep it as Eagles or Maple Leaf, or Soverigns. If you must keep it off site then go with a secure Safety Deposit Box run by a reputable operator and NOT in the safe of a precious metals dealer. These guys are some of the shiftiest types that you can imagine. GO INDEPENDENT with your secure storage if you can’t afford to store it yourself.

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