The stakes are high, almost as high as clueless gamblers...
Somehow Trump has successfully conned the masses, markets, and the Fed, into believing that "the greatest economy ever" requires a Fed Funds rate below 2%. Both of those facts can't be true at the same time. If he's right on Fed policy, then this is the weakest recovery in U.S. history without comparison. Getting weaker by the minute.
"Stocks are a signpost of a healthy economy"
"Or, record fucking bozos who will believe anything and anyone"
Democrats are beginning to despair on 2020. It appears they too have fallen under the spell of the Trump Jedi Mind Trick. The Democratic primary gong show has done nothing to alleviate concerns. Sadly, 2016 proved that the U.S. is not ready to elect a woman, much less an intelligent one. It can come as no surprise the country is void of compassion - not one female president in all of history. Better to elect Bozo the Clown instead. The country now run by Breitbart.
The post-truth world is a con man's paradise. Facts and reality need not apply. The further from the truth, the better. The more delusional, the better.
The stock market only goes up on bad data, but now it's a "signpost" of a healthy economy:
The stock market only goes up on bad data, but now it's a "signpost" of a healthy economy:
"The economy under Trump has shown few signs of slowing down. The economy gained 224,000 jobs in June"
"The stock market, if not a bellwether, is clearly the signpost of a healthy economy"
The author seems to have omitted the fact that stocks were down on Friday. And this entire rally got launched one month ago with the May jobs implosion.
The real reason stocks are at record highs:
GDPNow Latest Q2 forecast: 1.3 percent — July 3, 2019
The real reason stocks are at record highs:
GDPNow Latest Q2 forecast: 1.3 percent — July 3, 2019
Somehow Trump has successfully conned the masses, markets, and the Fed, into believing that "the greatest economy ever" requires a Fed Funds rate below 2%. Both of those facts can't be true at the same time. If he's right on Fed policy, then this is the weakest recovery in U.S. history without comparison. Getting weaker by the minute.
The entire deception, which sponsored a 28% first half rally - the best in 22 years - is dependent upon record stock market stimulus gimmicks to rig the 2020 election:
Federal Reserve policy reversal, coerced by Trump
4% of GDP budget deficit. Record outside of recession
Record 4% of GDP stock buybacks
Record profit margins, compliments of tax cut
"The yawning gap between the stock-market’s gains this year and the steady disappointment of U.S. economic data now ranks as the biggest in history"
"...outside of the labor market, economic data has deteriorated markedly. In particular, investors have focused on the growing cracks in the manufacturing sector"
"Stocks are a signpost of a healthy economy"
"Or, record fucking bozos who will believe anything and anyone"
