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Sunday, March 12, 2017

More unexpected economic news

  • analysts expected 200,000 new jobs - we got 235,000
  • analysts expected 0.1% growth in retail - we got 0.4%
  • analysts expected 5.5 million new home sales - we got 5.7
Meanwhile many of the January numbers have been revised upwards? 

Sound counter-familiar? For eight years, we got "unexpected economic news" in that the real numbers never quite matched the expectations of the analysts. For eight years, it seemed like previous numbers were nearly always revised down. 

One has to wonder how deep the anti-capitalism, pro-socialism feelings really run in the Washington, New York world of political insiders, media, and the so called analysts? Perhaps they should open up their eyes and take a good hard look at why the stock market is up over 15% since the election, and why small business confidence has hit a twelve year high. Obviously there is a disagreement in the best way to run the country economically.

Perhaps it's the difference between those who live in economic theory and those who live in economic reality?

29 comments:

opie said...

Stealing from pauline, CH.

And as expected ,Rump takes credit for all that news, 1 whole month into his failed presidency. LOL. What a batch of crap.....For someone as smart as you, you sure are reaching for acceptance that your healthcare costs will soon skyrocket. I am enjoying your spin and rationalizing.

opie said...

Sound counter-familiar? For eight years, we got "unexpected economic news" in that the real numbers never quite matched the expectations of the analysts.

HORSE SHIT!!!! Yes there were some misses, but for christ's sake, he did leave a semi bustling economy behind. Like feb 2009 lost 651k jobs while Rump claimed 23k increase. None of you, including you, CH, let anyone forget who the POTUS was in f feb 2009. Dayum you are a bigger hypocrite than I can imagine.

KD, Trump Effect and the mental illness of the Left said...

President Barack Obama may become the first president since Herbert Hoover not to serve during a year in which the growth in real GDP was at least 3 percent. The Bureau of Economic Analysis has calculated the annual Gross Domestic Product going back to 1929 and annual growth in real GDP since 1930" CNBC reported

That was in August of 2016. The results are in on "The 8 Lost Years".

Prez cool breeze Obama is the undisputed loser. The Champ of Losing did not have a single year of GDP over 3 percent.

That is some feat after spending the USA in to another 14 Trillion in unfunded debt.


Opie, first good after noon hope all is well with you and yours.

Then this when is a statement of truth something you get overly exercised over?

". None of you, including you, CH, let anyone forget who the POTUS was in f feb 2009."



C.H. Truth said...

Opie - I've written about two dozen stories over the years about "unexpected" economic news. Unexpected news is not a concept I have to copy from anyone else.

opie said...

Opie - I've written about two dozen stories over the years about "unexpected" economic news. Unexpected news is not a concept I have to copy from anyone else The stealing I alluded to was Pauline's MO when economic news was unexpected and he proudly posted it to break ballz. . I guess you missed that, again.

Wow, a whole two dozen over 8 years. I really see a trende there of nothing but BS. Seems to me you missed my point that this unexpected story was total bullshit. You confirmed it... Maybe you can then explain why a certain congressman is as big of a bigot he is, and you accept. Funny how that works out.
Rep. Steve King (R-Iowa) has gained notoriety for his often contentious — and, occasionally, almost overtly racist — comments about immigration and the demographics of the United States. On Sunday, in a tweet about the nationalist Dutch politician Geert Wilders, King again appears to have crossed the line.

From the WP
“Wilders understands that culture and demographics are our destiny,” King wrote. “We can’t restore our civilization with somebody else’s babies.”

The formulation of “our” civilization being at risk from “somebody else’s” babies is a deliberate suggestion that American civilization is threatened by unnamed “others” — almost certainly a reference to non-Westerners. The idea that national identity and racial identity overlap entirely is the crux of white nationalism; King’s formulation above toes close to that line, if it

Yep, he certainly is a republicon', just like you CH.

opie said...

Gee......with trump care coming, in spite of all the rhetoric, it will unexpectedly be more expensive and will have less people covered. Perfect for the likes of menstral and loretta who are satisfying each other on the other thread. Good, keep believing trump is your friend.

http://www.breitbart.com/news/hospitals-worry-about-caring-for-newly-uninsured-in-gop-plan/

The national uninsured rate is below 9 percent, a historic low.

Moody’s Investors Service said it expects that the legislation’s provision to cap federal Medicaid payments to the states, starting in 2020, will cause states to reduce payments to hospitals. The legislation also would saddle hospitals with more unpaid bills and uninsured patients, particularly older ones who could now face much-higher premiums, according to Moody’s.

“We believe that the effect of older enrollees losing coverage will outweigh the positive effect of younger people gaining coverage, given that older people have greater health care needs and as they lose coverage, hospitals would incur greater uncompensated care and bad-debt costs,” the report states.

S&P Global Ratings wrote that the bill would add to existing stresses on hospitals, including rising costs for salaries and prescription drugs.

Commonsense said...

All it is is speculation without evidence.

What we do know that if we don't repeal Obamacare, anybody that is not on medicaid and doesn't have a group plan through their employer will not have health insurance.

There's plenty of evidence for that.

caliphate4vr said...

Like i said Friday, I won't be here so fatty troll away.

Stealing from pauline, CH.

I live so deep in that poor fat bastid's head... if it weren't hilarious it would be pathetic...oh it is pathetic

Roger Amick said...

The U6 you loved under Obama, is 5.7%

Roger Amick said...

One has to wonder how deep the anti-capitalism, pro-socialism feelings really run in the Washington, New York world of political insiders, media, and the so called analysts?

About as thick of the thought process that brought out that question.

Paper thin, and I mean so thin it's transparent.

Commonsense said...

The U6 you loved under Obama, is 5.7%

Under Obama the U6 was as high as 17.1 percent and prior to Trump's election never fell below 9.5 percent.

Indy was right.

rrb said...

Roger Amick said...
The U6 you loved under Obama, is 5.7%
__________________________________________________________________________________________________________________________________________



sorry alky,

the U-6 is 9.2%

https://www.bls.gov/news.release/empsit.t15.htm


literacy. get some. reading is fun-damental.

KD, Trump Effect Job Growth and Wealth Creation said...

Yep, Roger Krugman stated that we conservatives would not post the U6 during the President Trump Years. Yet, many of us have.

Those 360,000 newly minted jobs under the new President Trump. Those are the beginning of new homes being built and bought, and college funds being started or funded and so many other dreams coming true.

If you look at most of Obama job growth it was thru Yuge Federal Debt spending. Trumps have been thru unleashing of the US Private Sector, deregulation and the support of those of us that every day do Build it.


Union Jobs are coming back strong, and those sectors that during the "8 lost Years" construction, Manufacturing and Mining, yep strong come back and will get stronger over the next year.

Commonsense said...

♫ Happy days are here again. ♫

KD said...

The U6 you loved under Obama, is 5.7%" Roger Krugman

Where did you get that number?

Opie, you will be hammering Roger on this misstated number on the US Economy for how long?


Loretta Russo said...

"the U-6 is 9.2%

https://www.bls.gov/news.release/empsit.t15.htm"

Poor old drunkard.

KD, Wealth is Back in Style said...

Good Morning Ette, it is always great to come here and see Roger Krugman fail.


In other Economic news, we can "Expect" that the ClintonOwned media will attempt to report the Trump Economy in a bad light. The great news about that is it not unexpected.

The other great news is they are being bypassed by real news, not fake news.

KD, said...


Madam Yelling refused to step down and let this President Appoint a new pro-America Pro-Growth person, ok, so we are stuck with her.

Madam Yelling will raise rates again and this week, but why?

She failed to do that at all during the Obama lost years, it was only after we had President Elect-Trump that she raised rates, that is the first grenade she thru at the Trump Economy.

Now, she will throw another, raising rates .25 % or a 1/2 a Percent in just 4 months. AND she will raise rates at least two more times this year.

opie said...

caliphate4vr said...
Like i said Friday, I won't be here so fatty troll away.
Stealing from pauline, CH.
I live so deep in that poor fat bastion's head..

How can you be posting since you aren't here, pauline. Try to keep up, something you never do. LOL...

I guess you never posted anything with unexpected economic news as your headline. Sure. You were the king of breaking that news. But, just go away and continue selling insurance. Such a noble endeavor.

KD, JOBS, #1 Issue in 2016 said...

Opie, first off good morning, hope you are well.

The point of the Unexpected thread in my opinion, is that during the lost years reporters posted stories of how good the next economic number as going to be, then it wasn't and then they back tracked and said well, it was unexpected.

Those of us that know economics and are formally trained in it, were not caught off guard we knew than as we know now the Obamanomics years sucked.

It took Obama how many years in office before he even admitted the Economy was HIS.

President Trump admitted the economy was his on Nov. 9th, 2016 and the US Economy has responded in kind.

Don't over look that Obimbonomics never had a year of GDP over 3 %, making him a historic Failure, worse the jimm'a Carter a known racist.

KD said...

continue selling insurance. Such a noble endeavor. " Opie


Actually, for your sake and that of your family, I hope you have many policies , I hope you insure your health, your home, your vehicles and you have income replacement insurance.

That is what real men do for their families, not leaving them in debt and struggling after one dies.

caliphate4vr said...

How can you be posting since you aren't here, pauline. Try to keep up, something you never do.

Wow!! Really??

That's what you came up with?? I really am beating up the retarded

I'll let the mentally handicapped have the last word

opie said...


Wow!! Really??

That's what you came up with?? I really am beating up the retarded

That the best you got??? You were the one who said you wouldn't be here. Try to keep up. LOL
Since you forgot..,, alcohol does that. CHUCKLE
caliphate4vr said...
Like i said Friday, I won't be here so fatty troll away.

Wanna try again? Idiot.

Loretta Russo said...

"I live so deep in that poor fat bastid's head... if it weren't hilarious it would be pathetic...oh it is pathetic"

At least he's not sniffin' around you like a dog in heat.

Loretta Russo said...

My mistake Cali, he IS sniffin' around you like a dog in heat.

caliphate4vr said...

Fatty is the definition of LOSER

opie said...

Anonymous caliphate4vr said...
Fatty is the definition of LOSER

And you are the definition of a brain washed, drunken southern redneck. Be proud. The stench of loretta's methyl mercaptan does not need much to follow, or the flies hovering around her. So far, I am equally impressed with your attempt at thinking you are important.

KD said...

the running joke during the just concluded "Lost Years" was that a prediction would be made, then a number came out the was unexpectedly low and then lowered later in "revised" accounting.

So how about this new Trump Effect .

US Housing is beginning to boom again, get strong again and the builders are build single family homes again, making America Dream great again.

KD, Trump 52% Approval Rating, cool said...

Why is it that the greatest president ever to hold the office could not get the US Economy going like this Reality TV Star and Putin Puppet has?

"March 2017 US NAHB housing market index 15 March 2017

•Prior 65

•Current conditions 78 vs 71 prior
•Expectations 78 vs 73 prior
•Prospective buyers 54 vs 46 prior

Just a pip short of the highs last seen in 2005. Another feather in the cap for the Fed in the housing sector.


"Builders are buoyed by President Trump's actions on regulatory reform, particularly his recent executive order to rescind or revise the waters of the U.S. rule that impacts permitting," said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

"While builders are clearly confident, we expect some moderation in the index moving forward," said NAHB Chief Economist Robert Dietz. "Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor."



Opium, I post a link that showed you are just that kind of special kind of stupid as I said you were, Ivanka Trump business is booming.

I expect nothing from you and you always deliver less to this Adult Blog.


Remember when CHT out of the kindness of his heart, open the trash blog for Roger Krugman, Roger predicted his side would get more traffic then the Adult blog, well ole tired financial damaged Rog, how has that worked out for you?