The strongest economy in the world

**OhOh** · 10-05-2017, 03:05 PM

It appears the ameristani "soft data" has finally fallen to the same level of the "hard data". Indicating the stockmarket bubble is less well supported.

No problems so far, but the orange man has yet to tweet and his bankers have yet to be told what to say.

'Soft' Data Collapses Back To 'Hard' Data Reality | Zero Hedge

**TuskegeeBen** · 20-05-2017, 07:47 PM

Originally Posted by kingwilly

but the reality is if the dollar dives - then much of the rest of the world will get dragged into the mess ala asian 1997 meltdown.

The ASEAN banker genre community has learned a lot since 1997.

**birding** · 15-07-2017, 08:24 AM

https://www.theguardian.com/us-news/...n-walmart-left

Is this a close up of the whole economy?

**OhOh** · 15-07-2017, 02:14 PM

Originally Posted by birding

Is this a close up of the whole economy?

It is what happens when citizens select to spend their money at chain stores ans save a few pennies. All the previously prosperous small shops close. The high street closes etc. Only the Asians can turn a penny into a pound, worldwide.

When the chain stores shutter, due to lack of demand from the local now unemployed which they created, it's a ride to the next town, costing money. The whole community dies off, hospitals close, banks close, schools shrink etc. All that's left is the older people who cannot leave.

It's the western way. The west has accepted it's defeat of it's financial model.

Asia on the other hand has been building new cities, new roads, new bridges, new tunnels new airports. Because they can see a future and it creates jobs and wealth for the many. Soon to be rolled out in Central, Southern, Western and northern Asia.

Go East young man and find your fortune.

**OhOh** · 17-07-2017, 03:32 PM

China's GDP expands 6.9 pct in first half of 2017 - Global Times

"
China's GDP expands 6.9 pct in first half of 2017

Source:Xinhua Published: 2017/7/17 11:20:20

China's gross domestic product expanded 6.9 percent year on year in the first half of the year to about 38.15 trillion yuan (5.62 trillion US dollars), data from the National Bureau of Statistics (NBS) showed Monday.

The growth rate is well above the government's target for the year of 6.5 percent, reflecting a firming trend in the nation's economy.

In the second quarter, China's GDP held steady, posting a rise of 6.9 percent year on year, flat from the first quarter.

The service sector expanded 7.7 percent year on year in the first half, outpacing a 3.5-percent increase in primary industry and 6.4 percent in secondary industry, according to the NBS.

On a quarterly basis, the economy increased 1.7 percent in the second quarter from the previous quarter.

China's economy has been operating within a reasonable range, maintaining stable, coordinated and sustainable development, NBS spokesperson Xing Zhihong told a press conference."

The horror, the horror.

It's growing in the East. Please dear leader help us deal with it.

**OhOh** · 19-07-2017, 01:34 PM

Another factoid for your memory store.

Mirror, Mirror 2017: International Comparison Reflects Flaws and Opportunities for Better U.S. Health Care

"

The United States spends far more on health care than other high-income countries, with spending levels that rose continuously over the past three decades (Exhibit 1). Yet the U.S. population has poorer health than other countries.

Timely and accessible health care could mitigate many of these challenges, but the U.S. health care system falls short, failing to deliver indicated services reliably to all who could benefit. In particular, poor access to primary care has contributed to inadequate prevention and management of chronic diseases, delayed diagnoses, incomplete adherence to treatments, wasteful overuse of drugs and technologies, and coordination and safety problems.

It appears "overall" the ameristan health system is the worst of the 10 most "civilised" countries. A truly unexceptional country to be sure.

**Cold Pizza** · 19-07-2017, 02:04 PM

^ A disgrace.

**OhOh** · 19-07-2017, 03:21 PM

Originally Posted by Cold Pizza

^ A disgrace.

I assume it's being going on for some time. Another "mystery" to debunked as fake by the kooAiders here?

**Grampa** · 10-01-2018, 08:52 AM

US credit card debt at all time high.

Americans' outstanding credit card debt hit a new record in November, highlighting a more confident U.S. consumer but also flashing a warning signal of potential trouble down the road.
Revolving credit, mostly credit cards, increased by $11.2 billion to $1.023 trillion, the Federal Reserve said Monday.

That nudged the figure past the $1.021 trillion highwater mark reached in April 2008, just before the housing and credit bubbles burst. Over the past year, revolving credit has surged by $55.1 billion, or 5.7%, according to the Fed and Contingent Macro

Research.https://www.usatoday.com/story/money...gn/1014921001/

**Maanaam** · 10-01-2018, 11:41 AM

^ Lets see orange cunto take credit when the bubble bursts. Somehow, it will be Obama's fault.

**uncle junior** · 10-01-2018, 11:47 AM

I'm still waiting for him to take credit for BTC.

**Grampa** · 10-01-2018, 12:37 PM

Most of increase is credit card debt. The media and "analysts" see this as consumer confidence and a good sign as the US economy if 71% dependent on consumer spending. Why not pay cash? Because people cannot afford to buy it. ? Some spending is for "non-revolving" loans like education and cars. Not sure how to perceive this is 'good, ok, or bad.'

It seems like it's the same cycle of low unemployment - with a lot of low wages - taking on more credit card and auto-loan debt and when a natural downward cycle happens a sizeble percentage of people with fall behind, and then default on the loans. One cannot write off - escape from credit card debt anymore after Congress changed the law in 2005 (which I think is fair).

So, as I've said, IMO, this is another "borrow-lending bubble."

Credit is up $28 billion, trouncing expectations of an $18 billion rise

Getty Images
People line up for a Black Friday giveaway outside the Mall of America in suburban Minneapolis last year.

The numbers: Consumer borrowing rose in November by the largest monthly amount in 16 years, according to the Federal Reserve on Monday. Total consumer credit increased a solid $28 billion in November to a record seasonally adjusted $3.83 trillion, posting an annual growth rate of 8.8%. Economists had been expecting an $18 billion increase

What happened: Credit-card borrowing powered the increase. Revolving credit, which is mostly made up of credit-card loans, accelerated to an annual rate of 13.3% in November, the fastest pace since last December and well above the 9.9% gain in October. Nonrevolving credit, which covers loans for education and cars, rose at an annual rate of 7.2% in November, the fastest pace since October 2016 and above the 5.3% rate in October. The data excludes mortgage debt.
Big picture: This is the third straight solid monthly gain in consumer borrowing. Economists said holiday-related consumer spending was strong to the end of November, providing a boost for credit-card borrowing. Consumers now seem less reluctant to take on debt, which analysts view as a sign of strengthening consumer confidence.

What are they saying?: “While a bit too soon to call a turn in trend from the slower growth seen since early ‘17, there was strong growth in both cyclically sensitive categories, credit cards and autos. Autos will be important to watch going forward as we see if gains can continue without hurricane-related buying. So too will retail sales — for now November’s advances appear to have been funded with credit cards,” said T.J. Connelly, head of research at Contingentmacro.

Market reaction: The S&P 500 index SPX, +0.13% closed at a record high while the Dow Jones Industrial Average DJIA, +0.41% retreated after moving higher for four straight sessions.

https://www.marketwatch.com/story/co...ars-2018-01-08

**birding** · 20-01-2018, 11:25 AM

Vote on funding bill fails in Senate, virtually assuring government shutdown at midnight.

https://www.nytimes.com/2018/01/19/u...-shutdown.html

Obama had the same problem in 2013 no money to run the country.

**Grampa** · 20-01-2018, 11:28 AM

Originally Posted by birding

Vote on funding bill fails in Senate, virtually assuring government shutdown at midnight.

https://www.nytimes.com/2018/01/19/u...-shutdown.html

Obama had the same problem in 2013 no money to run the country.

Same bickering. Cannot agree.

It will happen, pass, and return in the future, IMO.

**Norton** · 20-01-2018, 11:52 AM

Originally Posted by birding

Vote on funding bill fails in Senate, virtually assuring government shutdown at midnight.

10 mins and counting to shut down. Same as it ever was.

**Grampa** · 20-01-2018, 12:00 PM

Is the US economy good? For the investors and banks it is. For the average American?

You decide.....

Most Americans can't cover a $1,000 emergency

by Kathryn Vasel @KathrynVaselJanuary 18, 2018

Life happens: A broken-down car. A leaky roof. A broken bone.

If you were hit with a $1,000 emergency, would you be able to cover it?

For the majority of Americans, the answer is no.
Powered by SmartAsset.com
SMARTASSET.COM

Only 39% of Americans say they would be able to pay for a $1,000 unplanned expense, according to new reportfrom Bankrate.

"Even though unemployment is down and there's been a recent uptick in wages, we aren't seeing the needle move savings," said Greg McBride, chief financial analyst at Bankrate0

.Most Americans can't cover a $1,000 emergency - Jan. 18, 2018

**Norton** · 20-01-2018, 12:09 PM

Times up. Shut down is underway. Pathetic fools. Trump blaming Dems. Guess he didn't notice 9 dems voted to pass and several republicans against. Only place for blame is an electorate that keep reelecting these assholes.

**Klondyke** · 20-01-2018, 01:14 PM

As just announced, no longer a big headache with terrorism but with Russia, China. Therefore, it might improve the economy...

**Klondyke** · 20-01-2018, 01:20 PM

US govt shuts down after Senate fails to pass funding
Published time: 20 Jan, 2018 03:33
Edited time: 20 Jan, 2018 05:06

Despite 11th-hour meetings between President Donald Trump and leaders of both parties in Congress, efforts to avert a government shutdown have failed. A sticking point was the status of over 700,000 illegal immigrants.
At midnight, as Friday turned to Saturday, the federal government closed its doors. Lawmakers, however, continued discussions on the Senate floor. The House remains in recess, awaiting a call from the chair. The likelihood of a deal to be reached remains to be seen.
https://cdni.rt.com/files/2018.01/ar...0e328b4567.jpg

(not sure whether the info is correct, since from "unrecognized" source...)

https://www.rt.com/usa/416464-senate...utdown-debate/

**Klondyke** · 20-01-2018, 01:21 PM

https://cdni.rt.com/files/2018.01/ar...0e328b4567.jpg

Some seem to be amused, some not ...

**birding** · 20-01-2018, 02:16 PM

Wonder if the senators wages will stop, doubt it somehow.

**SKkin** · 20-01-2018, 08:59 PM

Govt open/govt shutdown...

Here in flyover country, I've yet to be able to tell the difference.

The sun did rise though.

**Grampa** · 20-01-2018, 10:15 PM

Originally Posted by SKkin

Govt open/govt shutdown...

Here in flyover country, I've yet to be able to tell the difference.

The sun did rise though.

Closing "non-essential" services which is carefully selected.

Who cares?

A foreigner asked me about it my pub and I answered, "who gives a sh*t?'

He understood.

**OhOh** · 21-01-2018, 02:19 PM

ameristan will lose 0.7% of it's GDP growth (expected to be 2% in 2018) every month it continues, allegedly. Look for an end of month interest hike to boost inflation. The old Fed gal retires so what does she care.

**Grampa** · 21-01-2018, 04:03 PM

Originally Posted by OhOh

ameristan will lose 0.7% of it's GDP growth (expected to be 2% in 2018) every month it continues, allegedly. Look for an end of month interest hike to boost inflation. The old Fed gal retires so what does she care.

It won't last a month. 10 days tops, IMO.

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