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originally posted by: Ringsofsaturn777
Yes it is. Positive GDP = a growing economy.
No offense, you realize we’re the World Reserve Currency, right? You also realize that status carries a significant amount of debt as a result of the actions the US has on the world and the world vice versa? So in a sense, you could say the “NWO” was created shortly after WW2. What organization or institution is physically larger and more massive then the US without Nationalistic intentions? None exist. So, the NWO? To quote Christopher Wray, “Just an idea”.
originally posted by: JinMI
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: JinMI
Its enough to get through an election cycle though.
Dems won't even put up an argument to the contrary of a net positive economy based on fresh monopoly money and that speaks volumes in this climate.
originally posted by: AugustusMasonicus
It's down and they number in the Original Post is an annualized amount which means it's not as great as you think.
originally posted by: Ringsofsaturn777
It is growimg very rapidly and has been for some time now and the majority of exonomists predict that will continue assuming that we dont have to shut things down again.
originally posted by: scraedtosleep
I'm not going to listen to anything coming from a screen. I will pay attention to what is going on in the business around me. And business is not looking good.
originally posted by: ketsuko
Thing though is that consumer spending is up. As far as I know, most people don't have stimulus money left and many are out of work, so where is that coming from unless there are places where the economy is working?
I am guessing this may be on a state-by-state basis.
Either people are nuts or they have money. I don't spend money if I don't have it.
originally posted by: CriticalStinker
Plus we still don't know what the fallout will be on the real estate side of things since there has been forced temporary relief on tenants and other measures.
originally posted by: scraedtosleep
Ok, listen.
I work for a major logistics company. I mean this is a very large business. We move trucks around the entire country from all the big vendors. Samsung, maytag, gm, whirlpool and many more. We work directly with the factories of those companies.
In the past when profits were down and the factories had trouble buying materials they would give us a date of when they expected to be able to buy more and build new appliances. And if something was on back order it would only be for a week at most. Not anymore. Now most things are on back order for a month or more. And the factories have stopped giving us a date for when they think they will have more.
I could easily work 40+ hours at this job.
Mot any more. Now I'm luck if I get 10 hours a week. Most people have been laid off. Or quit because of the drop in hours.
I'm not going to listen to anything coming from a screen. I will pay attention to what is going on in the business around me. And business is not looking good.
“The spot markets are very strong because there is a lot of spillover freight, Costello said. “Contract freight is up, but I think capacity has a much bigger impact on this issue.”
The recently released Logistics Managers Index reached 70.5 in September, the highest number since October 2018. As recently as April, the index reached an all-time low of 51.3.....
“Parts of trucking are doing very well,” he said. “On the supply side, there are a number of factors that have come together that each of them on their own would not have caused a tight capacity situation, but taken together they are causing things to tighten.” ....
originally posted by: scraedtosleep
The real tell will be what happens in dec. I should have tons of work right now because the holiday season is coming. But I don't. If we don't get busy by dec that will be a huge red flag. i will be sure to let ats know what happens.