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"Consumer Sentiment in U.S. at 12-Year High After Trump Win"

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  • "Consumer Sentiment in U.S. at 12-Year High After Trump Win"

    Consumer Sentiment in U.S. at 12-Year High After Trump Win

    by Patricia Laya
    December 23, 2016

    Consumer confidence jumped to the highest level since 2004, extending a surge in Americansí optimism for their finances and the U.S. economy following Donald Trumpís election victory.

    The University of Michigan said Friday that its final index of sentiment rose to 98.2 from 93.8 in November. The median projection in a Bloomberg survey called for 98, equal to the preliminary reading released earlier this month. Inflation expectations for the next five to 10 years fell to a record low.

    A record share of respondents ďspontaneously mentionedĒ the expected impact of Trumpís policies, more than double the number when Ronald Reagan took office in 1981, according to the report.

    [...]

    https://www.bloomberg.com/news/artic...fter-trump-win

    Watts Up With That? | The world's most viewed site on global warming and climate change.

  • #2
    Speaking of consumer spending... I think Trump should sign an executive order refunding the money to every person who took Obama's class on constitutional law at the University of Chicago...

    Comment


    • #3
      the expected impact of Trump’s policies

      Negative perhaps or spend it now before it's worthless.

      Last minute rush on Wal Mart before Moscow Don starts his trade war with the PRC. Buy now before you cannot find it again for those prices. How much of the spending on credit now much cash up front?
      "Ask not what your country can do for you"

      Left wing, Right Wing same bird that they are killing.

      youíre entitled to your own opinion but not your own facts.

      Comment


      • #4
        Originally posted by Half Pint John View Post
        the expected impact of Trumpís policies

        Negative perhaps or spend it now before it's worthless.

        Last minute rush on Wal Mart before Moscow Don starts his trade war with the PRC. Buy now before you cannot find it again for those prices. How much of the spending on credit now much cash up front?
        This was in English...
        "A record share of respondents 'spontaneously mentioned' the expected impact of Trumpís policies, more than double the number when Ronald Reagan took office in 1981, according to the report."
        Watts Up With That? | The world's most viewed site on global warming and climate change.

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        • #5
          Very good news!
          Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

          Comment


          • #6
            Originally posted by Half Pint John View Post
            the expected impact of Trumpís policies

            Negative perhaps or spend it now before it's worthless.

            Last minute rush on Wal Mart before Moscow Don starts his trade war with the PRC. Buy now before you cannot find it again for those prices. How much of the spending on credit now much cash up front?
            Problem there is, it's virtually always the Left that wrecks economies...

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            • #7
              Originally posted by Half Pint John View Post
              the expected impact of Trumpís policies

              Negative perhaps or spend it now before it's worthless.

              Last minute rush on Wal Mart before Moscow Don starts his trade war with the PRC. Buy now before you cannot find it again for those prices. How much of the spending on credit now much cash up front?
              Ah thatís our John, always looking for the cloud surrounding the silver lining.
              Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly and applying the wrong remedy. -- Ernest Benn

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              • #8
                However, latest reports put consumer spending at an all time low, and spending is what generates profits, income and all that other good stuff.
                Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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                • #9
                  Originally posted by T. A. Gardner View Post
                  Problem there is, it's virtually always the Left that wrecks economies...
                  Or the Federal Reserve... but perhaps that is the same thing;
                  I predict that there will be a directly proportional relationship between the rapidity with which President-elect Trump implements his planned reduction of government policies and the rapidity of the Federal Reserve banking cartel's interest rate hikes. The harder that Trump pushes, the harder that The Powers That Be will push back.

                  In the end I believe that they are willing to collapse the credit market, crash the stock markets and collapse the value of the U.S. Dollar on the Forex rather than see Trump make any substantive change. Be ready for the events that will follow January 20th, 2017. There could be some Deep Drama, rather quickly. So go ahead and hedge into tangibles and keep your powder dry.

                  https://survivalblog.com/economics-and-investing-959/
                  "Why is the Rum gone?"

                  -Captain Jack

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                  • #10
                    The fed will only hike interest rates for one reason: Spite. If the interest rate were to rise to say 2% from the next to zero it is now, the federal debt explodes. That's because the interest on it goes through the rafters.

                    Lowering it allowed for more borrowing, just as consumer credit cards did a decade or more ago. Then, suddenly, with new legislation passed by the Democrats the rates soared to usurious levels. So did bankruptcies, a collapse in consumer spending, and a nose dive of the economy.

                    I doubt even the fed wants to crash and burn the economy, but it is always a possibility.

                    Comment


                    • #11
                      Originally posted by The Exorcist View Post
                      Or the Federal Reserve... but perhaps that is the same thing;



                      https://survivalblog.com/economics-and-investing-959/
                      You need to find better sources. That site sees nothing but disaster at every turn.

                      The problem with survivalists is that once they have embraced the lifestyle they get antsy about the imminence of the crash.

                      Even if Trump were a real threat to Big Money, the simple fact is that worst-case he is an eight-year irritation. They can wait him out.

                      On the other hand, if he gets the economy rolling as early signs show he very well might, they will make more money than ever.

                      The bought Hillary, and Trump is more their sort in any case.

                      The house always wins.
                      Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

                      Comment


                      • #12
                        The vast majority of survivalists are myopic idiots. Civilization won't collapse. It never has in the past, won't today, and very likely... short of a dinosaur killing asteroid strike... collapse in the future.

                        Yes, civilization can fall on hard times and disintegrate into temporary chaos, but it doesn't collapse planet wide. Even the most destructive war won't make that happen. Thus, survivalists are wasting their time 99.99% of the time.

                        Comment


                        • #13
                          What?
                          So in order to believe that the Fed might raise rates to retaliate against Trump, you also have to believe that the entire world must be coming to an end?
                          Not the ... okay, just forget it.
                          "Why is the Rum gone?"

                          -Captain Jack

                          Comment


                          • #14
                            Originally posted by The Exorcist View Post
                            What?
                            So in order to believe that the Fed might raise rates to retaliate against Trump, you also have to believe that the entire world must be coming to an end?
                            Not the ... okay, just forget it.
                            No, in order to believe the Fed would try something like that you would have to believe that the financial powers-that-be didn't buy any Congressmen.

                            Or that they only bought people in one party.

                            Simplistic scenarios work for the books that get advertised on your source site, but the high-end handlers hedge their bets. They had a plan in place for either POTUS.

                            The first rule of gambling is always that the house never loses.
                            Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

                            Comment


                            • #15
                              A turf war between Trump and the Fed is almost inevitable...
                              Trump vs. Yellen: Signs of a cold war emerge between president-elect and Fed

                              DEC 15, 2016 11:30 AM EST TRENDING
                              BY LARRY LIGHT / MONEYWATCH

                              The old Wall street saying is that it doesnít pay to fight the Fed. But Donald Trump, as a candidate, showed his contempt for the Federal Reserve and its leader, Janet Yellen. Now, Yellen is fighting back, if ever so subtly.

                              At a rally in September, Mr. Trump accused Yellen of doing President Barack Obamaís bidding by keeping interest rates artificially low, to prevent the economy from looking bad.

                              [...]

                              He pledged not to reappoint her to a second four-year term once her current tenure ends in January 2018.

                              [...]

                              in her news conference Wednesday, following the Fedís decision to raise short-term interest rates by a quarter-percentage point, Fed Chair Yellen stepped up her response, albeit in a measured way. She displayed defiance toward President-elect Trump and some of his policies, and offered a defense of the Fedís independence.

                              [...]

                              After Mr. Trump said during the campaign that he wouldnít keep her on for another term, speculation arose that he would force her out before the end of her tenure, even though he has no authority to remove her. [The president actually does have the authority to fire the Fed chair.]

                              [...]


                              GDP growth. Mr. Trump wants to double the tepid GDP growth rate to around 4 percent. Yellenís Fed evidently doesnít think that is do-able. It projects economic growth of 2.1 percent next year, 2.0 percent in 2018 and 1.9 percent in 2019. And she warned about taking on more federal debt, which Mr. Trump apparently would have to do to meet his spending and tax-cut goals.

                              Always casting herself as making decisions that are ďdata dependent,Ē Yellen said she needed to know more about the details of Mr. Trumpís plan before knowing how the Fed would respond. On the evidence thus far, she appears to dislike what she sees. What will the next face-off be between these two?

                              http://www.cbsnews.com/news/trump-v-...elect-and-fed/
                              Watts Up With That? | The world's most viewed site on global warming and climate change.

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