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Very Hot Topic (More than 25 Replies) - are we coming out of the 2008 to 2017 economic depression? (Read 1,565 times)
katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #20 - Aug 19th, 2017 at 5:31pm
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The problem?

They haven’t been selling cars as fast as years past… and the inventory of unsold new cars is exploding! Just In 2017, car sales are down 70% in some segments.

And while the car dealerships would love it if everyone would buy a new car at full retail price… The fact remains that they’ve been forced by a huge backlog of inventory to quietly advertise massively discounted deals online.


http://www.thedailylifer.com/buy-a-brand-new-car-online-at-clearance-lot-pricing...
  
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #21 - Aug 19th, 2017 at 7:00pm
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car buyers not paying full sticker OMG how long has this been going on  Cheesy

  
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katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #22 - Aug 30th, 2017 at 4:36pm
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US Construction Spending Just Collapsed


by Tyler Durden
Aug 1, 2017

Headline growth in US construction spending collapsed in July to just 1.6% YoY - the weakest since 2011.

As Reuters reports, U.S. construction spending unexpectedly fell in June as investment in public projects recorded its biggest drop since March 2002. The Commerce Department said on Tuesday that construction spending tumbled 1.3 percent to $1.21 trillion - the lowest level since September 2016 - drastically missing economists' estimates of a 0.4% increase.

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/08/0...

This downside surprise suggests notable downside revisions to Q2 GDP (from its 2.6% annualized level).

However, most ironic in the government's report was, amid The White House constant chatter of the need for infrastructure spending in America, Federal government construction spending crashed 9.5% - the largest drop since December 2010.

http://www.zerohedge.com/news/2017-08-01/us-construction-spending-just-collapsed
  
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katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #23 - Sep 10th, 2017 at 6:48pm
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De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold

by Tyler Durden
Sep 3, 2017

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review


http://www.zerohedge.com/news/2017-09-02/de-dollarization-accelerates-china-read...
  
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katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #24 - Sep 23rd, 2017 at 6:32pm
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Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others

Reuters      Reuters•September 7, 2017
By Deisy Buitrago and Corina Pons

CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday hiscash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies


https://www.yahoo.com/news/venezuelas-maduro-says-shun-u-035002321.html
  
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #25 - Sep 23rd, 2017 at 6:36pm
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Ok Spamsung.
  
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katsung47
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #26 - Oct 6th, 2017 at 8:36pm
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Stock market goes higher daily while indicator shows crash ahead.

Quote:
Goldman's Bear Market Indicator Shows Crash Dead Ahead, Asks "Should We Be Worried?"

Tyler Durden's picture
by Tyler Durden
Sep 16, 2017

http://www.zerohedge.com/sites/default/files/imagecache/fp_thumb/images/user5/im...

http://www.zerohedge.com/news/2017-09-16/should-we-be-worried-goldman-asks-its-b...
  
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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #27 - Oct 6th, 2017 at 9:15pm
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admin wrote on Jul 12th, 2017 at 3:11pm:
- are we coming out of the 2008 to 2017 economic depression?
- one of the worst GDP years (10 years) in history



Can we wait a bit? It has not even been one year under Trump. The hurricanes have caused a bit of a problem for employment for a short period of time.
So it looks like a slower GDP. I think after the tax cuts, it will move faster. Trump said 3%. Give the man some time.
Latest forecast: 2.5 percent — October 6, 2017
The GDP Now model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 2.5 percent.

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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #28 - Oct 6th, 2017 at 9:26pm
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1) He got conservative judge Neil Gorsuch on the Supreme Court.
2) The stock market is at an all-time high.
3) Consumer confidence is at an all-time high.
4) He created more than a million jobs by undoing Obama’s regulations.
5) Mortgage applications for new homes is  at a 7 year high.
6) Unemployment rate is at a 16 year low.
7) Signed the promoting women in entrepreneurship act.
8) Gutted 800 Obama era regulations thus freeing up companies to hire again and get the economy moving once again.
9) Ended the war on coal and caused a new mine for coal mining to open that will mine clean coal. He also put the miners back to work.
10) Weakened Dodd-Frank regulations.
11) Promotes buying and hiring American.
12) Investments from major businesses such as Foxconn, Ford ,Toyota, Intel amd others will build here now.
13) Reduced illegal immigration by over 70%.
14) Bids for the border wall are underway.
15) He’s fighting back against sanctuary cities.
16) Changed the rules of engagement against ISIS.
17) Drafted a plan to defeat ISIS.
18) Worked to reduce the cost of the F-35 fighter jets.
19) Imposed a five year lobbying plan.
20) Sanctioned Iran over its’ missile program.
21) Responded to Syria’s use of chemical weapons.
22) Reduced tax reform plan.
23) He’s renegotiating NAFTA.
24) He withdrew from the Trans Pacific Partnership thus keeping jobs here.
25) He pulled us out of the Paris Climate Accords thus saving us millions of dollars every year.
26) Created a task force to reduce crime.
27) The DOJ is targeting dangerous gangs like MS-13.
28) Signed independence and economic growth law.
29) Signed an executive order to protect police officers and target drug cartels.
30) Signed an executive order for religious freedom.
31) His administration is working on sending education back to the states.
32) He’s fixing the dept. of Veterans affairs so now vets can choose their own doctors and be covered. This also protects whistle blowers and allows VA to terminate bad employees..
33) Authorized construction of the Keystone and Dakota pipelines. The Dakota pipeline is up and running without harming the environment.
34) Created commissions on election fraud and opioid addiction.
35) Food stamp use is the lowest level in seven years.
36) Reduced the White House payroll saving taxpayers millions of dollars.
37) He’s donating his salary to various causes.
38) Signed 52 pieces of legislation.
39)  Cut 600 billion from UN peacekeeping mission.
40) Gas prices lowest in more than 12 years.
You won’t hear any of this in the mainstream media. All they know is destroy, distract and damage. That shows that they don’t care about the people they claim to care about because if they did they would work with Trump and make the country better.

Smiley
  

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Re: - are we coming out of the 2008 to 2017 economic depression?
Reply #29 - Oct 6th, 2017 at 9:37pm
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Damn, Kat sounds like TL.
  
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