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UNEMPLOYMENT at its Lowest since 1969 — 3.7 %

https://www.google.com/amp/s/www.cn...ow-trump-has-set-economic-growth-on-fire.html

CNBC -

“Trump has set economic growth on fire. Here is how he did it”

*President Donald Trump presides over an administration that has seen an enormous level of controversy that could overshadow a burgeoning economy.

*He has delivered on promises to cut taxes and regulations and promote activity through more aggressive government spending.

*Critics believe that it won't last because the fiscal stimulus is aimed only at near-term growth.

*The results, though, have been impressive: a surge in company profits and near-record levels of optimism from consumers and businesses
 
I find it comical how both sides are trying to take credit for this ST phenomena but who is going to take credit for the disaster that will come upon us from the $21.6T noose of debt that will ultimately lead to either a hyper inflation we have never seen or a stagflation for years and years. Both parties have been complicit in playing this game and neither side is taking the needed steps. Fundamentals ALWAYs comes into play whether on a personal, corporate or national financial level and the roost is coming home at some point and it will be ugly. Not sure if next year, 2, 5 or 10, but it is going to get ugly.
 
Trump’s expertise is making a splash, getting others to put up money, screwing them, and walking away personally enriched.

Like when he took some of his business public...

160803173647-chart-trump-hotel-casino-780x439.jpg



From: Buffett: A monkey could outperform those who bet on Trump's stock
 
saltydeac said:
I find it comical how both sides are trying to take credit for this ST phenomena but who is going to take credit for the disaster that will come upon us from the $21.6T noose of debt that will ultimately lead to either a hyper inflation we have never seen or a stagflation for years and years. Both parties have been complicit in playing this game and neither side is taking the needed steps. Fundamentals ALWAYs comes into play whether on a personal, corporate or national financial level and the roost is coming home at some point and it will be ugly. Not sure if next year, 2, 5 or 10, but it is going to get ugly.
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Much of that debt is at extremely low interest. Plus, the total number is relative to the size of our economy.

That being said, Trump's insane tax giveaway could slow business as there will be less money to loan to other than the feds.
 
When Obama was president I'm pretty sure Lectro and his crowd claimed that the Unemployment Rate was an artificial statistic (which is it as doesn't account for millions of people out of work) that shouldn't be referenced.
 
the owner of my local Subway was really lamenting the unemployment rate - hurting his ability to create jobs !
 
CreamyGoodness said:
Anyone who can do simple addition should be making a lot of money on the market right now. I’m sure it’s a bubble and we’ll come back to reality, but come on, there’s been a lot of easy money out there the last 18 months.
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Sure, little thanks to the blowhard idiot in the WH especially.

I stayed in--generally not a "timer" here.

Just plunked down 5 grand on a local company whose price is "off". Mostly I try to stick with investing steadily in a diversified portfolio. Occasionally I pick a stock just for fun.

But yea, there's a reckoning coming. Nobody knows when. I almost hope Trump and Pubs stay in control though, so they can't escape owning the debacle. But I'd rather be collectively better prepared to do deal with it that they will likely have us to be.
 
But I was not tempted in the least, back when DJT was offered, to get in on that.

Because I'd watched and listened to Trump enough back then to know better.
 
saltydeac said:
I find it comical how both sides are trying to take credit for this ST phenomena but who is going to take credit for the disaster that will come upon us from the $21.6T noose of debt that will ultimately lead to either a hyper inflation we have never seen or a stagflation for years and years. Both parties have been complicit in playing this game and neither side is taking the needed steps. Fundamentals ALWAYs comes into play whether on a personal, corporate or national financial level and the roost is coming home at some point and it will be ugly. Not sure if next year, 2, 5 or 10, but it is going to get ugly.
Click to expand...

I generally agree with this. The employment rate is definitely a function of a lot of different things, including (gasp) the business cycle. I have no doubt both Obama and Trump get some credit here. As does the market.

Our debt scares me. We are approaching 1940s level of debt as a % of GDP. Its trendy to diminish this but the last 10 years has not been kind. Its actually interesting to look at this through a POTUS filter (Reagan bad, Clinton/Bush good, Obama/Trump bad). Debt limits our ability to do big things.

https://tradingeconomics.com/united-states/government-debt-to-gdp
 
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