US Economy Firing on All Cylinders

[nnuut]

Congratulations on the crazy things you post, really enjoy reading them.

 

[FireWeatherMet]

No, congratulations to you.
Nothing was crazier than your "price of tomatoes, ribeyes and jeans" post.

 

[nnuut]

No, congratulations to you.
Nothing was crazier than your "price of tomatoes, ribeyes and jeans" post.

-
Your opinion is way on the low side of my "Give-A-Damn"!

 

[FogSailing]

I found the following article on Zero Hedge. Not exactly the kind of picture I like to see for our country.

Can Americans Handle Four More Years Of This? | Zero Hedge

FS

 

[FireWeatherMet]

I found the following article on Zero Hedge. Not exactly the kind of picture I like to see for our country.

Can Americans Handle Four More Years Of This? | Zero Hedge

FS

I looked at some of the graphs and they don't match up with the latest data.

I would steer clear of that "Zero Hedge" site...kind of like saying "I heard from the National Enquire".
It's information is often misleading and at times out-rightly wrong. Not just my opinion.

"The site (Zero Hedge) was described by CNNMoney as offering a "deeply conspiratorial, anti-establishment and pessimistic view of the world."[7]"
"Other writers have characterized the site as conspiratorial.[8][9] A Forbes article described the site as a source of hysteria and occasionally misleading information.[10]"

https://en.wikipedia.org/wiki/Zero_Hedge

 

[FireWeatherMet]

The hits just keep on coming...:smile:

U.S. private sector adds 214,000 jobs in February:

NEW YORK (Reuters) - U.S. private employers added 214,000 jobs in February, above economists' expectations, suggesting solid job growth despite market turmoil and worries about a slowing global economy, a report by a payrolls processor showed on Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 190,000 jobs.

U.S. private sector adds 214,000 jobs in February: ADP - Yahoo Finance

 

[burrocrat]

I looked at some of the graphs and they don't match up with the latest data.

I would steer clear of that "Zero Hedge" site...kind of like saying "I heard from the National Enquire".
It's information is often misleading and at times out-rightly wrong. Not just my opinion.

"The site (Zero Hedge) was described by CNNMoney as offering a "deeply conspiratorial, anti-establishment and pessimistic view of the world."[7]"
"Other writers have characterized the site as conspiratorial.[8][9] A Forbes article described the site as a source of hysteria and occasionally misleading information.[10]"

https://en.wikipedia.org/wiki/Zero_Hedge

and for my next trick, i will shoot the messenger.

 

[FogSailing]

FMW: I didn't see any references for where the data was derived and it should have been there. That said, except for Labor Force Participation graphic, the direction of everything else portrayed seems to be correct. I don't see anyone saying that the direction is wrong . I can't speak to correctness of the numbers but I don't think this guy pulls stuff out of nowhere.

I think the statement that a small news focused website publication provides "occasionally misleading information" in context of a site like CNBC for example, is humorous. I don't hold it against ZH that his site is anti-establishment and offers a pessimistic view of the world (as long as the reporting is good).

I will email his site and ask for the references for the graphs. I'll post that once I hear back.

FS

 

[FireWeatherMet]

For all those clamoring about the US is heading into Recession over the past few months...how foolish do you feel now?

U.S. payrolls surge: 242,000 new jobs in February

Nonfarm payrolls increased by 242,000 jobs last month, the Labour Department said on Friday.
The unemployment rate held at an eight-year low of 4.9 percent even as more people piled into the labour market.
https://finance.yahoo.com/news/u-em...ccelerating-february-061751732--business.html

 

[FireWeatherMet]

The title "US Economy Firing On All Cylinders" is not new...JP Morgan economist called it just that...over a year ago.
Today...its even stronger.

The US Economy is firing on all cylinders | Examiner.com

How ironic that we had nimrod naysayers trying to find any reason to scare people that we were in recession (lol).
We should hear no more from them.

 

[nnuut]

nimrod naysayers?

 

[FireWeatherMet]

Yes the media nimrods who brainwash their sheeple.
If you need to know who they are..see the * thread.

But I know...that you know...who they are. lol

Didn't know you were still here. Thought maybe Tom gave you a vacation for being a "bad boy".

 

[burrocrat]

nimrod naysayers?

i think he is trying to say poor people with negative attitudes don't like the economy.

Urban Dictionary: nimrod

Nimrod A supremely annoying person.
That nimrod kept asking me for money.

Urban Dictionary: naysayer

naysayer someone with an aggressively negative attitude
I have to avoid him because he's just a naysayer. He drains my batteries.

 

[nnuut]

 

[FireWeatherMet]

[h=1]U.S. economy grew at a strong 3.2% in last 3 months[/h][FONT=&quot]America's economy is picking up more momentum than previously thought. The U.S. economy grew 3.2% in the third quarter, according to new estimates published by the Commerce Department. It's even better than the initial estimate of 2.9%.[/FONT]
https://www.yahoo.com/finance/m/efd49df0-eeb6-3f61-804d-723b17e809b8/ss_u.s.-economy-grew-at-a-strong.html