October Surprise: U.S. Economy Booms

originally posted by: AugustusMasonicus

Now that you've discounted half the statistics in the Original Post I guess that only part you agree with is GDP which is just as poor a number to gauge the economy after it's been artificially propped up.

The original post didnt even mention the DOW. When it was mentioned, I dont recall anyone claiming it was a reliable barometer of the economy as a whole.. the claim was that it was doing well because of optimism about trump winning.

When assessing how the US has done wrt to protecting the economy / limiting the impact during the China Virus outbreak, comparisons are important.

Here are the G7 countries 2020 GDP forecasts.

originally posted by: Ringsofsaturn777
None of that means the GDP number is wrong or irrelevent.. it means the measures taken were pretty effective.

It means they are completely inflated and not a true indicator of the economy.

originally posted by: Ringsofsaturn777
The original post didnt even mention the DOW.

Er, what? Listen, if you're gonna discuss this at least get your facts straight:

originally posted by: ketsuko
That beat the Dow Jones estimates for it. The Dow said 32%. That's the fastest growth ever.

...the claim was that it was doing well because of optimism about trump winning.

It's doing 'well' because it was recently modified to change the components to companies that are benefitting more from the bailouts and remove others that weren't.

originally posted by: AugustusMasonicus

Er, what? Listen, if you're gonna discuss this at least get your facts straight:

originally posted by: ketsuko
That beat the Dow Jones estimates for it. The Dow said 32%. That's the fastest growth ever.

Oh for god sakes.. that was a GDP growth estimate, nothing to do with performance of the DOW components...

No one claimed performance of the DOW components by itself was an adequate measure of the overall economy. You just made that made up.

Well, not a strong recovery for you. Your business does t determine the whole economy, just one piece like all the rest of us.

a reply to: AugustusMasonicus

originally posted by: Ringsofsaturn777
Oh for god sakes.. that was a GDP growth estimate, nothing to do with performance of the DOW components...

You:

originally posted by: Ringsofsaturn777
The original post didnt even mention the DOW.

The Original Post:

originally posted by: ketsuko
That beat the Dow Jones estimates for it. The Dow said 32%. That's the fastest growth ever.

No one claimed performance of the DOW components by itself was an adequate measure of the overall economy. You just made that made up.

Then what the actual **** are you basing your comments on? You already said the DOW and GDP are not accurate measurements, while agreeing the economy is being propped up, and that is the basis of the Original Post.

originally posted by: Rob808
Well, not a strong recovery for you. Your business does t determine the whole economy, just one piece like all the rest of us.

My 'business' sells into manufacturing and product development in all sectors, the entire United States market is down with the exception of Cyber Security.

a reply to: AugustusMasonicus

You claimed the original post argued that the performance of the DOW components by itself was an adequate measure of the overall economy. No one did that, not even in any subsequent post.. you just made it up. Please stop making things up.

originally posted by: Ringsofsaturn777
You claimed the original post argued that the performance of the DOW components by itself was an adequate measure of the overall economy. No one did that...

Read it again, it was a direct tie of GDP to the DOW.

And if you don't agree, which apparently now you don't, with that what is the basis of your argument that the economy is doing well?

originally posted by: AugustusMasonicus
Then what the actual **** are you basing your comments on? You already said the DOW and GDP are not accurate measurements, while agreeing the economy is being propped up, and that is the basis of the Original Post.

Im basing my comments on reality rather than making things up like yourself.

I didnt say the performance of the DOW components is inqccurate.. i said that by itself it is not an adequate measure of how the overall economy is doing.

The GDP is not a perfect measure of the overall economy but its the best we have. It is showing that the economy is recovering more rapidly than even the most optimistic projections.

originally posted by: Ringsofsaturn777
Im basing my comments on reality rather than making things up like yourself.

WHAT reality? The Original Post is about the GDP and the DOW, that's it.

originally posted by: AugustusMasonicus

Read it again, it was a direct tie of GDP to the DOW.

Wrong. There is nothing in the original post about the performance of the DOW components.. only an estimate of GDP growth. Please stop making things up.

originally posted by: Ringsofsaturn777
Entirely wrong. There is nothing in the original post about the performance of the DOW components.. only an estimate of GDP growth.

Quit your blatant BS'ing:

originally posted by: ketsuko
That beat the Dow Jones estimates for it. The Dow said 32%. That's the fastest growth ever.

originally posted by: AugustusMasonicus

Quit your blatant BS'ing:

originally posted by: ketsuko
That beat the Dow Jones estimates for it. The Dow said 32%. That's the fastest growth ever.

That is an estimate of GDP growth.. nothing to do with performance of the DOW components.

originally posted by: Ringsofsaturn777
That is an estimate of GDP growth.. nothing to do with performance of the DOW components.

Versus the DOW.

Nice try.

Still haven't answered in any type of detail on what 'reality' happens to be considering you think the DOW and GDP are not accurate indicators and that they economy is being propped up with stimulus/bailout money.

originally posted by: AugustusMasonicus

Versus the DOW.

Nice try.

Actual GDP growth verse the estimate for GDP growth they put out.. youre making a fool of yourself.

originally posted by: Ringsofsaturn777
Actual GDP growth verse the estimate for GDP growth they put out.. youre making a fool of yourself.

And who put it out? The DOW...

The gain came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones.

Reeeeeeeeeee.

originally posted by: AugustusMasonicus

And who put it out? The DOW...

Yes but its an estimate for GDP growth... nothing to do with the performance of the DOW components like you keep claiming..

originally posted by: [post=25511709]AugustusMasonicus[/post

The gain came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones.

Reeeeeeeeeee.

Yes and? The GDP tanked when we shut the economy down (and would have tanked far more without the measures taken) and now its recovering quickly.

originally posted by: Ringsofsaturn777
Yes but its an estimate for GDP growth... nothing to do with the performance of the DOW components like you keep claiming..

When you compare GDP, which you feel is not a good economic indicator, to the DOW estimate, which you also feel is not a good indicator, you are using the DOW components as the basis of the determination since, hold on and wait for it, the DOW is made of those components.

I know you want to TDS this into some good news but the economy is not doing great, it's propped up with bailout and stimulus money which you already admitted is the case.