October Surprise: U.S. Economy Booms

originally posted by: Ringsofsaturn777
Yes it is. Positive GDP = a growing economy.

It's down and they number in the Original Post is an annualized amount which means it's not as great as you think.

GDP and the stock market are bad indicators, they're both easily fluffed with bailout and easy money.

a reply to: AugustusMasonicus

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: 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).

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”.
So the “discussion” on the economy isn’t the same as someone who takes a Personal Checking account approach as the complexities of US economics are severely overwhelming to the typical layman.

I do know this much, we need to push GROWTH and that means NO LOCKDOWNS. NO PHASING OUT THE FOSSIL FUEL INDUSTRY.
So, just those two concepts are enough to get a Presidency installed that would see no more lockdowns and pushing for GROWTH.
We already know that the economy Pre Covid was neither HOT or COLD, just perfect down the middle, with subtle spikes upward as a result of deregulation.
Nobody could have predicted Chinese Covid, S# happens. We should be grateful that we live in a nation that can afford this, or, charge it on credit, so to speak.

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.

Yeah, it's like fighting over a stinking whale carcass.

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.

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.

You are mixing things up. The size of the economy is down from its peak but that doesnt mean it isnt currently growing. 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.

a reply to: Arnie123

The USD reserve currency notion is in decline. Especially the less foreign oil we buy.

Now the NWO means different things to different folks. To me its a worldwide body that has heavy influence on nation state governments and continuity within all governing bodies. Along with a global currency system. Potus come and go but that agenda is still going.

While the funny money printer is active, the metrics used to measure growth and progress are obsolete.

No offense taken, it needs to be discussed.

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.

It's 'growing' artificially on bailout money, stimulus and unemployment, it's not real or sustainable growth.

a reply to: scraedtosleep

My anecdote is fairly similar as is the result.

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.

People will discount what you're saying just like what I'm saying, you're in a core industry for judging the economic barometer, same as me.

a reply to: ketsuko

I'm not a big fan of using the stock market as a sole barometer for the economy as a whole.

One of the reasons why, is there are corporations who will benefit from this whole situation such as some of tech and companies like Amazon capturing more market share with people doing more online shopping. I expect they'll be trimming some things out of the S&P 500 and replacing them with good performers, which may only be a temporary fix.

The other problem with using the market as the biggest benchmark is the Federal Reserve has been buying equities with trillions of dollars that were just put into existence for this very thing. It's not organic "growth" that we're seeing, and it's still not growth, it's catching lost ground from the initial drop.

Either way, like Augy, I think we're going to see some really rough times ahead. Once the election is over, whoever wins is going to be forced at some point to allow the correction to take place. 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.

a reply to: JinMI

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: 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.

Keep in mind many people had mortgage deferrals that went into Q3, if you don't have to pay your mortgage you can reallocate that to other expenses.

a reply to: CriticalStinker

If businesses are making real estate investment, they anticipate to be able to do business here in the future. They're either setting up shop or making capital improvements.

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.

If I was 20 years younger I'd be snapping up Manhattan real estate right now, it's dirt cheap, everyone is moving by me and walking waaaaaaay to close to my lawn.

a reply to: AugustusMasonicus

These factories not even being able to tell their truck drivers when those drivers can work is very telling . imo.

I also handle business for the large delivery companies that are contracted out by the big retailers.
Some of them have stopped taking my calls.
In a lot of areas around the country places like the home depot only have one choice in delivery companies. Because there is only one in the area that is large enough to handle all their orders. Those are the delivery companies that I mean. They are just refusing to talk with us the logistics people. Why?
My guess is that they are going out of business , but slowly.
Like us.

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.

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.

Trucking Industry Economy Outpaces US Economy as Capacity Tightens

“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.” ....

a reply to: AugustusMasonicus

I will repeat: I don't spend money if I don't have it.

Husband still has some student loans and had a deferral from that too, but we kept right on paying.

So people who think this is all a get out of jail free card are nuts and stupid.

a reply to: ketsuko

Credit cards?
Unemployment supplement?

I don't have facts or figures but that would be my guess.

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.

See the post three above this one to find out why someone thinks you're wrong.