US economy under Trump

US business are doing well, so far report coming out for netflix and the banks are block buster stuff but housing is softening, but US is a business and stock market land, property is secondary

The U.S. housing market is running out of steam, but its slowdown looks nothing like the historic collapse that took down the whole economy in 2007.

Home-price growth has slowed for the last several months and is expected to continue slowing as mortgage rates rise. The volume of existing home sales has fallen compared to a year earlier for six straight months. In August, the three-month moving average of new single-family homes built was just over 860,000, down from nearly 900,000 at the beginning of the year.


Housing Market Positioned for a Gentler Slowdown Than in 2007

 

There are 50 States, many States are booming and no inventory

 

Next recession by 2020 - predicts JP Morgan

The next financial crisis will strike in 2020, says JPMorgan

 

Now I can sleep at night knowing this. thanks

 

The economy is a slow moving thing in response to policy changes.. like a supertanker. The latest figures are 17% increase in defecit and 32% decrease in foreign investment. Trump is busy wrecking the US economy just like he wrecked every business he was involved in.

 

Well emotional comments wont cut it... we need facts.

GDP for one 4.2%

Here you go have a read of this... numero uno….. US Great Again... but I already knew this, as I have been paying attention to the facts and data on jobs, economy.

Competitiveness Rank Of No. 1 Makes It Official — U.S. Economy Great Again | Investor's Business Daily

 

Add in the concerns of those wanting to buy baseball caps. They are made in China and the 25% tarrif apparently applies. Manufacturing facilities for these are extinct in USA. You don't set up such factories overnight even if you have the capital and assuming you want to anyway.

Small issues can start to compound over time.

 

Personally I have far more concerns Australia will tank with what is currently happening, time will tell

Google manufacturing in US

I dont get caught up with the noise or predictions, or opinions, just on performance now

GDP is a measure of the health of the economy and US has been trending north 4.2%, hardly a sign of a market tanking

I also look at job numbers and US is lowest in 50 years

Happy to review this thread in 6 months to gage US economy and Australian economy for that matter

 

Discussed previously - the unemployment figures do not reflect actual unemployment

 

Right its all smoke and mirrors same as GDP

Just Imagine for one moment what media would be printing if GDP was falling and jobs were increasing.

 

GDP is not a true reflection of what is happening to the "average" person. However - as you used to always bang on about the share market going "gangbusters" as a sign of a booming economy, thought I'd post a refresher chart.

All gains of 2018 have now been wiped out

 

.....Whats this got to do with GDP
Google GDP

Do you have shares in Australia? As I have said before......Becareful what you wish for?

US shares dropped 4% last night, ouch.......watch Australian shares ......it wont be pretty

its the tariffs..... fear sets in and investors offload


I am not a fan of shares too volitile

 

Its all speculation until it happens, and that is my point. Share markets are volatile, could lose billions in one day, same as what happened in Australia a couple of months ago and then bounced back. We just don't know.

In the meantime...… US is enjoying boom times.....and that is fact. There is talk GDP will hit 4.8 by end of year, don't know?? but I would not be surprised

The trend is heading north

The US economy suddenly looks like it's unstoppable

Booming US economy may soon be the 'strongest since 1999', Kevin Warsh says

Billionaire Ken Langone: 'This economy is booming,' and Trump deserves a lot of credit for it

 

The number of well respected US based experts in the field of economics all seem to hint as the "GDP"numbers which will be out in a day or so will come in around 3-5% --3.8%,and 2 more rate rises within six months..

And if you break down the spending trends a lot may have to do with the presales prior to the tariffs ,and you combine that with lower oil prices -rather then retest the 2008 recession lows,even though the country relies heavily on export ..

 

Business confidence is high in US
Interest rates are still low, regardless

US set for decade high GDP growth