Warning signs of disintegration regarding the American economy.

Glad 2 know

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Its just that ol' idiot box in your house..... trying desperately to convince you not to believe your own lyin eyes eh?
SO RIGHT Tempest. I'm happy I know better :)
 






ohhi9876

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"Credit card balances carried from one month to the next hit $443.96 billion in September 2019, according to NerdWallet’s annual analysis of U.S. household debt. Credit card debt has increased almost 6% in the past year and more than 34% in the past five years.

Any type of debt*$136,355$13.95 trillion
Credit cards (revolving)**$6,849 $444 billion
Mortgages$189,586$9.44 trillion
Auto loans$27,804$1.3 trillion
Student loans$46,822$1.5 trillion"

https://www.nerdwallet.com/blog/average-credit-card-debt-household/
 






Lisa

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It can’t be that bad...

President Donald Trump frequently points to the strong economy as one of his major accomplishments, and today's employment summary gives him more bragging rights:

The Labor Department's Bureau of Labor Statistics says the economy added a whopping 266,000 jobs in November; and for the sixth month in a row, a record number of Americans were counted as employed.

158,593,000 Americans were working in November, the 24th record of Trump's presidency.

The unemployment rate dropped a tenth of a point to 3.5 percent, a 50-year low.
https://www.cnsnews.com/article/national/susan-jones/158593000-employed-november-24th-record-breaker-trump
 






ohhi9876

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It can’t be that bad...

President Donald Trump frequently points to the strong economy as one of his major accomplishments, and today's employment summary gives him more bragging rights:

The Labor Department's Bureau of Labor Statistics says the economy added a whopping 266,000 jobs in November; and for the sixth month in a row, a record number of Americans were counted as employed.

158,593,000 Americans were working in November, the 24th record of Trump's presidency.

The unemployment rate dropped a tenth of a point to 3.5 percent, a 50-year low.
https://www.cnsnews.com/article/national/susan-jones/158593000-employed-november-24th-record-breaker-trump
it appears not that bad and people are working but the debt is a major issue and no politician will discuss it OR stop grossly overspending - wish ron paul was still given some air time...
 






Lisa

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it appears not that bad and people are working but the debt is a major issue and no politician will discuss it OR stop grossly overspending - wish ron paul was still given some air time...
You’re right about that...they don’t talk about how to get the debt under control because that would mean they have to stop spending, taking and giving the money. They sure do become quite wealthy “serving” us citizens...
 






ohhi9876

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Lisa

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https://www.washingtonpost.com/graphics/politics/policy-2020/economic-inequality/national-debt-deficits/

Fed Chairman Jerome Powell has said the current increase in the debt-to-GDP ratio is unsustainable. Would you commit to stabilizing or lowering the debt-to-GDP ratio during your first term?

Yes, committed to doing so



Bennet



Biden



Delaney



Klobuchar



Steyer

Did not commit to doing so



Booker



Buttigieg



Sanders



Warren



Williamson



Yang

Unclear/No response



Castro



Gabbard
Does is really matter if they commit to doing it...they won’t anyway and no one will call them on it.
 






ohhi9876

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Does is really matter if they commit to doing it...they won’t anyway and no one will call them on it.
exactly - but to be fair T promised a lot about managing/lowering debt and has done the opposite - i think O promised it too
:/
 






Lisa

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exactly - but to be fair T promised a lot about managing/lowering debt and has done the opposite - i think O promised it too
:/
True enough...but can we be sure of anything trump supposedly has or hasn’t done?
 






TempestOfTempo

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It can’t be that bad...

President Donald Trump frequently points to the strong economy as one of his major accomplishments, and today's employment summary gives him more bragging rights:

The Labor Department's Bureau of Labor Statistics says the economy added a whopping 266,000 jobs in November; and for the sixth month in a row, a record number of Americans were counted as employed.

158,593,000 Americans were working in November, the 24th record of Trump's presidency.

The unemployment rate dropped a tenth of a point to 3.5 percent, a 50-year low.
https://www.cnsnews.com/article/national/susan-jones/158593000-employed-november-24th-record-breaker-trump
Your Chetoheaded Dear Leaders data is always fake. His numbers are all lies. GM aint been wrong yet, can you counter his facts?
 






Lisa

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Your Chetoheaded Dear Leaders data is always fake. His numbers are all lies. GM aint been wrong yet, can you counter his facts?
I didn’t know that cheetohead wrote that article...his name isn’t on the byline.
 






TempestOfTempo

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Dark Pools..... who was up on these before Mannarino here broke it down..... and out of those, who here pieced the puzzle together to reveal the who's behind whats going on? Greg M. is a solid individual, Im glad for his posts.....

Big Greg explaining what the end game of these FED/Trump regime games are......

How about Trumps big-time China talks?
 






TempestOfTempo

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The Trump-tastic economy continues barreling down the tracks to ruin at breakneck speed..... and his dim-bulb, head-in-the-sand supporters continue to cheer it on smh......
 






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