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US Economy a ‘Bright Spot’ in Global Outlook

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posted on Oct, 22 2019 @ 04:38 AM
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It would seem the MAGA magic wan is still working while the NWO socialist led countries are starting to feel their economy take an even bigger down turn. My Australian friends say it is bad and getting ready to get even worse in Australia.. Swiss, Germans, and the British all seem to say back home the economy sucks....But... they are all Expats so what do they know ? hahaha


The U.S. economy continues to be “a bright spot in the overall global outlook,” despite a significant slowdown abroad, according to Treasury Secretary Steven Mnuchin.

The United States continues to benefit from tax reform and other pro-growth policies, he said at the annual meeting with finance ministers and central bankers.

In July, economic growth in the United States entered its 121st month, marking the longest expansion in U.S. history. And the jobless rate fell in September to a new 50-year low of 3.5 percent, while employers added a modest 136,000 jobs.

According to JPMorgan Chase CEO Jamie Dimon, a recession in the United States in the near term is unlikely as the economy is driven primarily by consumer spending, which is still strong.

www.theepochtimes.com...
edit on 727ndk19 by 727Sky because: (no reason given)




posted on Oct, 22 2019 @ 05:20 AM
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Well, right now the SPX is going to go on a tear to the upside.....till Nov 16, little bump then up more till January....

Safe haven unwinding
edit on 22-10-2019 by GBP/JPY because: (no reason given)



posted on Oct, 22 2019 @ 05:28 AM
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a reply to: 727Sky




posted on Oct, 22 2019 @ 06:03 AM
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Yeah. Except we have the lowest workforce participation since the last 50 years, the highest personal debt, and suicide and overdose have overtaken car accidents for mortality statistics. Oh, and wages are worse than they’ve been for the last 50 years as well.



posted on Oct, 22 2019 @ 06:08 AM
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Australian economy is getting hit HARD by the trade war with China. It's only going to get worse. Looks like we are just seen as collateral damage in Trumps trade war. Australia has had a 25 year stretch of growth without recession. Even continued to boom during the last GFC, thanks entirely to China's insatiable hunger for our minerals.



posted on Oct, 22 2019 @ 06:12 AM
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originally posted by: pexx421
Yeah. Except we have the lowest workforce participation since the last 50 years, the highest personal debt, and suicide and overdose have overtaken car accidents for mortality statistics. Oh, and wages are worse than they’ve been for the last 50 years as well.


I don't believe you.

You're going to need to support those claims with some sort of source with facts.



posted on Oct, 22 2019 @ 07:18 AM
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Highest personal debt is higher due to ease of access to credit. but to the point; is high personal debt always a bad thing? That does seem to be the sentiment. Is it a bad thing right now? And what is the scale of bad? Is bad a housing bubble burst. I would say so. Are we in that situation? To that I would also say no.

So in summary, one would have to come to the conclusion "highest personal debt" is not a problem at this time. It could be at some point but that is the nature of debt. Without it though the economy would indeed crash. What would hurt more is if we had the lowest personal debt of all time.



posted on Oct, 22 2019 @ 07:29 AM
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Here ya go,

www.statista.com...

According to this, which shows that fully 37% of our working age, non institutionalized population is not working, despite those 3.7% unemployment claims. That’s a huge amount of non working, of age adults.



posted on Oct, 22 2019 @ 07:32 AM
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a reply to: pexx421

Labor stats have always been cooked, not surprised there.

But I find it hard to believe that od and suicide have surpassed auto fatalities



posted on Oct, 22 2019 @ 07:38 AM
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originally posted by: pexx421
Here ya go,

www.statista.com...

According to this, which shows that fully 37% of our working age, non institutionalized population is not working, despite those 3.7% unemployment claims. That’s a huge amount of non working, of age adults.


All you proved with that link is how bad the Obama years were. Over an 18 year span, we lost .5% participation from 1990 until Obama got into office. During Obama's admin, participation dropped off over 3% in just 8 years. Now Trump is in office and the number is steady again like all the other presidents minus Bush and Obama.



posted on Oct, 22 2019 @ 08:00 AM
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originally posted by: watchitburn
a reply to: pexx421

Labor stats have always been cooked, not surprised there.

But I find it hard to believe that od and suicide have surpassed auto fatalities


Well, last year 40k people suffered death by car. 68k died due to overdose. 49k committed suicide. The stats are out there and easy to google. Like I just did.



posted on Oct, 22 2019 @ 08:02 AM
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originally posted by: Middleoftheroad

originally posted by: pexx421
Here ya go,

www.statista.com...

According to this, which shows that fully 37% of our working age, non institutionalized population is not working, despite those 3.7% unemployment claims. That’s a huge amount of non working, of age adults.


All you proved with that link is how bad the Obama years were. Over an 18 year span, we lost .5% participation from 1990 until Obama got into office. During Obama's admin, participation dropped off over 3% in just 8 years. Now Trump is in office and the number is steady again like all the other presidents minus Bush and Obama.


Strange that you blame it on Obama when his labor participation was higher than trumps. At any rate, it’s a systemic problem not a presidential one, and I disapproved of Obama as well.



posted on Oct, 22 2019 @ 08:15 AM
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originally posted by: Stupidsecrets
Highest personal debt is higher due to ease of access to credit. but to the point; is high personal debt always a bad thing? That does seem to be the sentiment. Is it a bad thing right now? And what is the scale of bad? Is bad a housing bubble burst. I would say so. Are we in that situation? To that I would also say no.

So in summary, one would have to come to the conclusion "highest personal debt" is not a problem at this time. It could be at some point but that is the nature of debt. Without it though the economy would indeed crash. What would hurt more is if we had the lowest personal debt of all time.









We have a massive chunk of the population working service sector jobs, with no retirement saved up (80% of retiring age people have less than 50k saved to retire, 60% have less than 10k, and 40% have nothing) living on credit just to get through their day to day, waiting for the next looming collapse (next year this time tops) to push them all the way under. Sure, it’s just peachy.



posted on Oct, 22 2019 @ 08:41 AM
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It should never be peachy. If it was peachy we would certainly be headed for a massive crash just like the housing bubble.

Ideally it should be rough going for the many but manageable, ability for some to progress and ability for some to prosper. Is the balance out of whack. Probably but it's not some horrible situation.

Imagine an aircraft carrier. Majority of the workers are very low. Something like 85% are below a SGT which is a good thing. It takes time to learn management skills, trades, work the nuclear reactor and fly and land planes. Not doing any of that stuff without gaining experience.

It's not peachy for most of them for sure but, the carrier and the battle group do work amazingly well.



posted on Oct, 22 2019 @ 08:47 AM
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originally posted by: Stupidsecrets
It should never be peachy. If it was peachy we would certainly be headed for a massive crash just like the housing bubble.

Ideally it should be rough going for the many but manageable, ability for some to progress and ability for some to prosper. Is the balance out of whack. Probably but it's not some horrible situation.

Imagine an aircraft carrier. Majority of the workers are very low. Something like 85% are below a SGT which is a good thing. It takes time to learn management skills, trades, work the nuclear reactor and fly and land planes. Not doing any of that stuff without gaining experience.

It's not peachy for most of them for sure but, the carrier and the battle group do work amazingly well.


I expect you have an unrealistic misunderstanding of the situation for the vast majority of Americans. You are out of touch.



posted on Oct, 22 2019 @ 09:12 AM
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a reply to: pexx421

How could I be out of touch. I moved through every class (except the last one). Started very poor, worked low skill, improved my skills and education, moved up to lower middle, middle, upper middle. Constantly improving my skillset. Even managed to save and become debt free.

If that is out of touch what would I have to do to become "in touch". Seems the only stage left is to become a multi-millionaire or billionaire. Would I be in touch then?



posted on Oct, 22 2019 @ 09:33 AM
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a reply to: Stupidsecrets

I live in America. You live in America. That doesn’t mean we both know what’s going on in America. I’ve been poor before and am upper middle now too. However, that doesn’t mean that you or I know what it’s like for the vast majority of poor and middle class. There are, however, investigative journalists, reporters, and authors who have specifically travelled all around the nation doing research on what life is like for working class Americans. Who actually went around and met these people, talked to them, looked into their situation. And then write books or documentaries on it. People like chris hedges, for instance. There’s also statistics. By reading these books, watching these documentaries, looking at these statistics, you can develop a realistic picture of what life is like in these many places. That’s called gathering information to make an informed opinion.

Or, on the other hand, you can just judge all other people by your own, limited, personal experience. Disregarding all the studies, research, and statistics. Which is how the us has become one of the largest anti science societies in the advanced world.



posted on Oct, 22 2019 @ 09:48 AM
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a reply to: pexx421

Or, you could just accept what they report as fact and call it a day. Willing to bet they would not want my perspective or any of my poor friends who also achieved success. Sounds like a real pity party out there though from what you are saying. Not my thing but to each their own. If you like reading snivel stories and want to help them you should follow your heart.



posted on Oct, 22 2019 @ 09:52 AM
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to add. Your post seems to imply that you think making more money makes you “in touch”. In today’s America it just makes you the minority. You seem to make assumptions that others problems are they didn’t do like you. Assumptions lead you further from the truth. If you would just listen and pay attention, THATS how you get “in touch”. There are some statistics, like gdp, unemployment, etc that people, intentionally, use to give the mistaken impression that our “people” are doing well. However, I doubt you will find a single book, documentary, or investigation that has gone around examining the people all across the us, that shows that the situation for the vast majority is going well, much less improving. There are several showing the opposite. I can point you to Chomsky, hedges, Hudson, Wolff, rogan, taibbi, Klein, and many others.



posted on Oct, 22 2019 @ 10:07 AM
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originally posted by: Stupidsecrets
a reply to: pexx421

Or, you could just accept what they report as fact and call it a day. Willing to bet they would not want my perspective or any of my poor friends who also achieved success. Sounds like a real pity party out there though from what you are saying. Not my thing but to each their own. If you like reading snivel stories and want to help them you should follow your heart.


See, and here you do what? Write off all documented information on the real situation because what? They all must be lying? Then you add in a snide deflection to bring “pity party” as if the situation is just about people whining and looking for attention. And bring in snivel stories and heart, as though there’s no validity to the basic facts that the standard of living for the majority is declining, and I’m an irrational bleeding heart for pointing these facts out.

I don’t really understand why it’s so hard for some people to face the fact that our failing empire is built to favor the Kings of capital at everyone else’s expense, and that the pattern of a declining standard of living is not people whining because they don’t want to work, but rather a result of a smaller and smaller group appropriating more of the wealth, rather than increasing the compensation of workers in line with their increased productivity and profit.

And I fail to understand why those who manage to stay above water feel the need to attack those who have fallen behind (that’s the vast majority) due to the predations of corporate tyranny and greed. Why can’t you just admit that over the last 50 years corporate CEOs and shareholders have accumulated a greater and greater percentage of the gross national profit, rather than allowing workers wages to increase with their own, and that flat wages don’t cut it when those same CEOs and corporations are vastly increasing costs of things like education, healthcare, housing, while not improving the quality of those things. They are not doing more work, the workers are. And yet they arbitrarily take more of the profit created from it. This isn’t injustice at all.

Further, I present facts and evidence, and you just attack me, and the sources, and deflect. Because you are not into honest debate.
edit on 22-10-2019 by pexx421 because: (no reason given)



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