October Surprise: U.S. Economy Booms

originally posted by: Ringsofsaturn777
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. Underpwrforming locations fet closed during booming economies as well.

That's one brand of their multi-brand portfolio. Multiply that by the landlord, staff, suppliers and other related interests who no longer earn on those locations then times that by all the other national brands and retailers. After you can factor in all the local establishments that closed or will be closing. Getting it yet?

But it's all good because: My politics.

a reply to: AugustusMasonicus

They're not going to buy up stock under Biden... It'll sink back down to O-o-o-o-o-obam-ba numbers because faith in a strong economy will sink, taxes will increase, fossil fuel will be shut down (attempted), among other things that hurt us. Joe's problem is that he thinks about himself and the poor and how he can rob from the working class to give to those who weren't fortunate enough to get off their lazy asses and find work.

originally posted by: PurpleFox
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.

Devaluation of the dollars in between when they are made until they are paid should be noted.

Too many small businesses have been lost during the shutdown.

Were in serious trouble as a nation.

originally posted by: LSU2018
They're not going to buy up stock under Biden...

Sure they will, they don't care who's in charge because they know Fed policy will be favorable to Wall Street and that spending will never decrease.

The stock market went up under every President since the Depression, it won't change now. It's also not a great indicator of the overall health of the economy.

originally posted by: JinMI
Devaluation of the dollars in between when they are made until they are paid should be noted.

Too many small businesses have been lost during the shutdown.

Were in serious trouble as a nation.

Stop making people sad with your non-political stuff.

One of the leading indicators on re-elections is Economy. Trump already has Support Base down and make no mistake, this is a Trump economy.

It was good Pre Covid, it will be roaring Post Covid.

With the EU powers once again besieged by Chinese Covid, the US will continue to surpass and rise further beyond.

So far, we haven’t collapsed, no war has broken out, Covid deaths have been limited to 200,000 to what was otherwise projected at TWO(2) MILLION deaths plus.
The Trumps administration quick and swift Coronovirus policies, backed by Medical healthcare experts and Dr. Fauci himself, helped to keep that number down as a result of the Novel Virus humanity has never experienced before.

Don’t get me wrong, Trump is right to call them idiots, to include Fauci, as draconian policies would lead to an economic collapse, hence the disagreements between them and the Administration.

There has to be a balance between restrictions and keeping the economy churning. Apparently this thread is proof that the Trump administration has made good on some of those merits, the economy doesn’t randomly start rising, that’s thanks to Trump actions.

a reply to: JinMI

That's the bad part. Too many little guys got choked out. There are some places that came through OK because the governors let things ease up sooner, but even those places are struggling because of the restrictions.

The states where things won't open though are cooked.

originally posted by: ketsuko
a reply to: JinMI

That's the bad part. Too many little guys got choked out. There are some places that came through OK because the governors let things ease up sooner, but even those places are struggling because of the restrictions.

The states where things won't open though are cooked.

This is essentially where the election comes into play. What president will push policies that see these little guys come back?

The supposed enlightened in this thread will say neither and laugh as we all collapsed.

To others, like us, we have a bit more faith. We do see all the small business that took a hit, we’re also seeing some come back. I see evidence of it here in San Antonio TX, a few small business opening up.
Point is, whoever wins this election, their task is to have an economic policy that can tackle this and Biden isn’t it.

a reply to: AugustusMasonicus

But....but. ignorance denial!

Got banned from my states conservative reddit sub for bringing it up.

It's just too bad the conversation can't be had.

a reply to: Arnie123

Where I am at, most things seem to be hanging on, but the restriction can't be helping. If the mayor decides to lock us down, it's going to get rough.

a reply to: ketsuko

If the states aren't solvent then they need fed money. We all know this.

Problem is, nothing is free and it won't be sorted within 1 or even two more terms of the executive.

Trump, wether intentionally or not is complicit in the NWO scheme/conspiracy. He signed the order for that 7 t money printer operation. Which is how we can pretend that the economy is chugging on.

Vehicles are being sold with zero percent interest rates.

Were still importing massively from China (although maybe the tarrifs are mitigating the loss).

originally posted by: AugustusMasonicus
That's one brand of their multi-brand portfolio. Multiply that by the landlord, staff, suppliers and other related interests who no longer earn on those locations then times that by all the other national brands and retailers. After you can factor in all the local establishments that closed or will be closing. Getting it yet?

Yes I do. Some companies are shrinking and others are growing, thats always how it is.. restaurants were among the hardest hit businesses for obvious reasons.. the economy as a whole is growing. Cheer up sour puss.

a reply to: JinMI

That exports are up is a step in the right direction. Part of the problem has been trade imbalance. If we're exporting more, hopefully we're moving to right that to some degree. Of course, it didn't say exactly what we're exporting.

As far as state budgets are concerned, the hold-up on the aid package has been over state bailout monies. You'll note that every time Pelosi complains about it, she talks about state employees not getting paid. That's because they're trying to bailout states like Cali and Illinois and New York.

Be ready for the real pain because if that doesn't happen, then those states will go bankrupt.

originally posted by: JinMI
But....but. ignorance denial!

Got banned from my states conservative reddit sub for bringing it up.

It's just too bad the conversation can't be had.

People don't want their happy bubble popped. Reality is too tough.

a reply to: ketsuko

Back in July, most of the media was predicting an October Surprise.

Seems to be a few of them this election cycle.

originally posted by: Ringsofsaturn777
. the economy as a whole is growing.

No, it isn't, it's net down from January and it isn't just restaurants.

a reply to: ketsuko

I'm fully prepared for another 4t next week.

originally posted by: JinMI
I'm fully prepared for another 4t next week.

That's the government version of rubbing some 'tussin on a broken arm.

originally posted by: AugustusMasonicus

originally posted by: JinMI
But....but. ignorance denial!

Got banned from my states conservative reddit sub for bringing it up.

It's just too bad the conversation can't be had.

People don't want their happy bubble popped. Reality is too tough.

originally posted by: AugustusMasonicus

No, it isn't.

Yes it is. Positive GDP = a growing economy.

Has it grown back to its peak yet? No, that doesnt mean it isnt growing. It is and the vast majority of exonomists expect it to continue growing if we dont have to shut things back down.