October Surprise: U.S. Economy Booms

originally posted by: Mach2
You are correct. My 1% comment was for a daily adjustment, though I certainly wasn't clear on that. Thus the 3-5 % per week comment.

The point remains valid.

It's down over 7% this week, the math is still off.

a reply to: AugustusMasonicus
Dude, be happy that our country is going in the right direction for once. You are always negative in every single post and it gets old af.

originally posted by: PurpleFox
Dude, be happy that our country is going in the right direction for once.

It isn't going in the right direction, it's being propped up with smoke and mirrors. Maybe you don't like reality but those are the facts.

No wonder they want more lockdown . Cant have a strong local economy can you? a reply to: ketsuko

originally posted by: chris_stibrany
No wonder they want more lockdown . Cant have a strong local economy can you? a reply to: ketsuko

Resistance is Futile ...

FLASHBACK Dec 2019 - Trump wins 2020 in all 3 Moody models; financial analysts predict a landslide due to booming economy

President Donald Trump will skate to a 2020 landslide if the booming economy remains on fire in 2020. That’s the consensus on Wall Street and according to several different election-prediction models.

Despite the impeachment and the nonstop negative media coverage of his presidency, Trump is galvanizing support in his base and is winning over Independent voters on the strength of his sizzling economy....

and you wonder why the

Well, Amazon really grew from the Covid Fertilizer. So did companies doing deliveries from stores. People don't seem to mind paying fifteen bucks to get their order from a restaurant delivered these days, they figure it is better than going wait in line for thirty minutes to get their order. What a strange world we live in...for fifteen bucks I could buy a big Chicken, some shake and bake, and five pounds of potatoes to make mashed potatoes or baked potatoes...plus make soup out of the bones for the meal. Some people are having KFC delivered, the meal is twenty, the delivery and tip is twelve bucks for door dash to bring it.

Economy's going boom means they will soon be in pieces.

Pretty sure that is an ANNUALIZED number.
Meaning quarter 3 was approx 8 percent.
Which is still ok, but it’s more like a spike in this wobbly economy.

a reply to: AugustusMasonicus
Apologies, I forgot you are smarter than everyone.

Carry on.

I don't mean to rain on your parade but things are not so great.

It's true that the 7.4 percent GDP rise from Q2 to Q3 is a record. But it also comes after a record contraction from Q1 to Q2, and a total loss of 10.3 percent throughout 2020, so it doesn't even come close to making up what was lost amid the pandemic. In fact, the 3.5 percent total GDP shrinkage during 2020 "means we are still down almost as much as we were during the height of the Great Recession," tweets Diane Swonk, chief economist at Grant Thornton.

Link

originally posted by: PurpleFox
Apologies, I forgot you are smarter than everyone.

No, I just don't operate on emotion when it comes to money like you just did in your two posts.

originally posted by: frogs453
I don't mean to rain on your parade but things are not so great.

Oh, look, another sad panda. You must be smart too.

originally posted by: spacedoubt
Pretty sure that is an ANNUALIZED number.
Meaning quarter 3 was approx 8 percent.
Which is still ok, but it’s more like a spike in this wobbly economy.

You are correct.

All things considered its a miraculous achievment that we the economy is doing as well as it is.. but you know how some ppl are..

originally posted by: Ringsofsaturn777
All things considered its a miraculous achievment that we the economy is doing as well as it is.. but you know how some ppl are..

Okay, Pollyanna, keep thinking it's all unicorn farts and not at all unsustainable.

Here's a perfect example, Darden, the top growing restaurant chain this year is shutting over 100 Applebees. Why? Because things are awesome? Because they see some sort of huge recovery? Try thinking critically instead political cheerleading.

originally posted by: AugustusMasonicus

Okay, Pollyanna, keep thinking it's all unicorn farts and not at all unsustainable.

I dont think everything is unicorns and rainbows but shutting down a large part of the worlds economy for months on end will obviously always produce economic calamity and it has. That is perfectly predictable and unavoidable.

What would you have done differently to minimize the damage?

originally posted by: Ringsofsaturn777
What would you have done differently to minimize the damage?

That isn't the topic of the thread.

The points I am making are regarding how this 'recovery' isn't as good as portrayed and that there is more economic fallout to come as evidenced by the largest restaurant group in the United States closing locations. They aren't the only ones, there's many more businesses in much more dire straits.

originally posted by: AugustusMasonicus

originally posted by: JIMC5499
Damn! It's only at 26,500 right now. Let me see wasn't it at 18,000 about five years ago?

It was over 30,000 too, not sure what your point is.

Not that it matters, but it was 29,600. Not 30,000. Reelect Trump and we'll see 30,000 though.

originally posted by: AugustusMasonicus

That isn't the topic of the thread.

The points I am making are regarding how this 'recovery' isn't as good as portrayed and that there is more economic fallout to come as evidenced by the largest restaurant group in the United States closing locations. They aren't the only ones, there's many more businesses in much more dire straits.

And 100 locations closing isnt as dire (or as predictive) as you are portraying.. especially considered in the context of what weve just been through. Companjes close underperforming locations even in booming economies.

originally posted by: LSU2018
Not that it matters, but it was 29,600. Not 30,000. Reelect Trump and we'll see 30,000 though.

The DOW Jones doesn't care who's President, it goes up regardless. Know why? Because both sides are spending whores and like the Fed's easy money policies.

originally posted by: Ringsofsaturn777


All things considered its a miraculous achievment that we the economy is doing as well as it is.. but you know how some ppl are..

Democrats miscalculated. They thought they had RUPTURED the economic balloon. When in fact, all they did was pull the plug out. American citizens and corporations are pumping it back up again.