These charts show how the Trump economy is really doing

I thought this would be an interesting read. I figured CNN might actually slide some truth in seeing as they don't like Trump.

CNN

It's hard to find fault with the latest jobs numbers. The unemployment rate is 4.3%, a 16-year low. The economy has added more than 1 million jobs since Trump took office. On the other hand, wage growth has yet to really pick up. Employers still don't feel pressure to offer big salaries to attract the workers they need. Average hourly earnings have increased only 2.5% over the past 12 months. The Federal Reserve would rather see 3% to 3.5%.

Wages go up when the demand for workers increases. Very simple economic concept so I have to question what the real unemployment number is and what this number actually means. It's very simple.

The average price for an existing home in June was a record $263,800, or 6.5% higher than a year ago. June was the 64th consecutive month of gains compared with a year earlier.

According to this chart it seems as if housing cost are higher than they were during the bubble pop. How is this possible? Who has the money to buy these houses?

With wages remaining the same and the cost of living raising significantly in this same time period how is it possible for houses to be in such high demand that it drives up the cost as much as it has? Who is giving the loans out for these houses?

CNBC

80% of millennials say they want to buy a home—but most have less than $1,000 saved

Most likely due to rising cost of living and stagnant wage growth. Bad combination and those of you Gen Xer's who want to retire better take this problem seriously.

Back to CNN.

Americans had $3.843 trillion in loans outstanding in May, up from $3.766 trillion at the end of last year, according to the Fed.
And businesses are borrowing more, reversing a trend from earlier this year. That could be a good sign for Trump and the economy. Consumers can't prop up the economy alone: Companies need to pull their weight and invest.

So wage growth is stagnant, most Mill's are not buying homes, wage growth is stagnant and more people are taking on debt. Not good.

The dominance of Amazon (AMZN, Tech30) is one reason. But Americans may also be spending less on clothes, toys and other smaller purchases -- even though they're taking out more loans.

Yes, we are taking out loans and not spending money because we are taking loans out to cover the basics due to the issues I have already mentioned above.

The trade deficit fell slightly in June from three months ago, to $43.6 billion. That's the lowest since just before the election.
America's suddenly vibrant oil industry is a big reason the balance is shifting. Thanks to technologies like fracking, the United States exported more crude in June and imported less.

This is good however if you listen to anyone from Silicone Valley automation and a UBI are on the horizon, for reasons already mentioned. This means less work and a less competitive workforce and this will effect you coders and lawyers as well so get ready.

The Dow keeps hitting records and is up 12% this year.

The DOW is now in a bubble. This bubble is the healthcare bubble IMO. That one is going to shake the world's economy.

a reply to: toysforadults

The DOW is now in a bubble. This bubble is the healthcare bubble IMO. That one is going to shake the world's economy.

I know that it won't go one forever, but it is nice to be up an extra 5-10k every month. I am keeping about 25% cash so when people panic I can go 100% in again.

Except that the Trump fiscal year doesn't begin until October 1.

These numbers are from Obama's policies/budget.

That said, I'm glad the economy is doing well, and I hope to see the trend of the last six years continue or do even better.

a reply to: Gryphon66

You sure it was all Obama ?

I say different.

originally posted by: xuenchen
a reply to: Gryphon66

You sure it was all Obama ?

I say different.

We disagree; imagine that. Also I didn't say "it was all Obama" I said what I said.

a reply to: toysforadults
Wage growth, or lack there of is nothing new. But blame Trump if you want, I would be more likely to blame Carter/Reagan.

originally posted by: Gryphon66

originally posted by: xuenchen
a reply to: Gryphon66

You sure it was all Obama ?

I say different.

We disagree; imagine that.

Well look.

It's all right here....

Congress Finally Passes FY 2017 Federal Budget May 4, 2017

a reply to: seasonal

I'm not blaming Trump I just thought the article might be more honest considering Trump is president and they can use it as a reason to attack him.

a reply to: toysforadults

Fair enough.

originally posted by: Gryphon66


That said, I'm glad the economy is doing well, and I hope to see the trend of the last six years continue or do even better.

The protestors, whiners and Trump-haters were crapped on, the past 6+ years.

President Trump hasn't even taken a paycheck. He has donated his earnings. You guys make no sense. You can't count that until he takes a paycheck, like the Walmart Obama's. lol it still surprises me how Michelle Obama met with the British Royals in that gawdly outfit. SMH. At least Melania has class, something Michelle needs to go back to Harvard for.

a reply to: toysforadults

How come its always the presidents fault how f'd up things are?

You do see that clearly now?

No matter who Presides in the Oval Office, Announces the circus, Hosts the game show, its always the same script.

a reply to: intrptr

I realize that which is why all this petty partisanship bickering going on that has drastically reduced my interests in these topics seems very ridiculous to me.

a reply to: Metallicus

It is just nice to see people calling a bubble a bubble, when deserved.

Healthcare is a total bubble ... the whole healthcare industry, including hospitals, drug companies, insurers, other providers, and of course ALL the bureaucrats necessary to keep this decrepit machine churning.

Call a bubble when you see a bubble. I see it too ... bravo!

originally posted by: Metallicus
a reply to: toysforadults

The DOW is now in a bubble. This bubble is the healthcare bubble IMO. That one is going to shake the world's economy.

I know that it won't go one forever, but it is nice to be up an extra 5-10k every month. I am keeping about 25% cash so when people panic I can go 100% in again.

Go one step further and invest in a truck load of smokes, booze, and porn. If we get to the point we can't access our money, it's only a few steps away from money being worthless.

You'd be a king in that scenario.

originally posted by: Fowlerstoad
a reply to: Metallicus

It is just nice to see people calling a bubble a bubble, when deserved.

Healthcare is a total bubble ... the whole healthcare industry, including hospitals, drug companies, insurers, other providers, and of course ALL the bureaucrats necessary to keep this decrepit machine churning.

Call a bubble when you see a bubble. I see it too ... bravo!

Yep, I am so waiting for my doctors office to try to double charge my insurance for another visit because they failed to fill out my work's paperwork, not the FLMA paperwork. All they have to do is copy and paste the FLMA to my boss's paperwork. And my visit was noted on the paperwork.

Manager of doctor's office "I will pay for copay, but we will still have to charge your insurance, if they want you to come in" Yep, nothing fishy there. The one that fills out the FLMA, and work papers, "Are you in law enforcement". lol First thing out her mouth. Which means I probably have a higher education than her and I'm over qualified for her position. lol

***Illegal. Talk about a bubble there. I have a B.A. in C.J, medical coding and billing, and pharmacuticials, insurance will not be happy and will investigate.

a reply to: toysforadults

Whatever improvements you see, it only delays the inevitable economic collapse. Nothing can prevent that from happening. Our economy has become stagnant and nothing will change unless it collapses.

originally posted by: starwarsisreal
a reply to: toysforadults

Whatever improvements you see, it only delays the inevitable economic collapse. Nothing can prevent that from happen. Our economy has become stagnant and nothing will change unless it collapses.

This guy gets it.

When did the Bush economy end?
LMAO!!!!

As Metallicus said, I do like the bump in the stock market that is fueling my 401k.However,I would like to see anybody talk about getting people back to work that have dropped out of the work force.That 4.3% number looks good on paper but does not tell the full story.IMHO