Economic News

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HintonJamesHeel said:
Wowza. Checked my retirement accounts, 529s and investment accounts as today is 6/1 and May was insane. I had no idea it was the best month in 30 years. I guess having a lot of unstable months ahead of it led to a great performance.
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A couple of horrific months.
Bouncing back below where you were 2 months ago isn’t a W.
 
altmin said:

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www.nytimes.com

Consumers Are Financing Their Groceries. What Does It Say About the Economy?​

Increased use of “buy now, pay later” loans may signal shifting consumer habits, but could also be a troubling sign of financial stress.

...

Mrs. Hodge, 29, is hardly alone. Nearly a quarter of consumers using buy now, pay later loans finance groceries, up from 14 percent a year ago, according to a recent LendingTree survey. And it’s not just groceries; more Americans are using these loans to pay for recurring monthly bills, such as electricity, heat, internet and streaming services like Hulu.

Consumers can break up gasoline purchases into installments or pay for the burrito or burger order delivered to their home in bite-size pieces. People are going on social media to share tips on how to use the short-term financing even for rent.

While some borrowers say the loans are a useful way to manage cash flow, others say the increased use of buy now, pay later plans for day-to-day essentials is a troubling sign that more consumers are financially stressed.
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I read this a few days back, this is crazy.

Having to finance the basic necessities of life isn't a good sign.

I thought trump was going to drop prices dat one? I guess this is that pain that we got instead....
 
HintonJamesHeel said:
I think the economy is so strong. Trumps madness has made everything underperform to what it likely would be if he had never started with the Liberation Day craziness.
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Not fully following.

I believe the economy was much better if trump would have not started his tariff BS. are you saying the same?
 
Bigs23 said:
It’s not. He has nullified what otherwise would have been a profitable period. He screwed up a fool proof situation.
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I think we are saying the same thing. Being green for the year is great considering the churn we’ve had. The green would be more green without Trump’s craziness. The fact we are green shows the economy’s strength.
 
UNCatTech said:
So it's a win since it didn't end up as bad as predicted? Money wise I was on a much better path before trumponomics started.
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Agreed. That’s what I’ve seen over and over again on this thread. Go back and look at what was being said around Liberation Day. Folks were saying 20-25% down. Trump collapsed on his policies and we have rebounded. That’s not an endorsement of Trump. It’s the opposite.
 
HintonJamesHeel said:
I think we are saying the same thing. Being green for the year is great considering the churn we’ve had. The green would be more green without Trump’s craziness. The fact we are green shows the economy’s strength.
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We’ll have to wait and see what happens when the impact of this idiotic plan actually kicks in.
 
Atlanta Federal Reserve is now predicting 4.6% economic growth in the 2nd quarter of this year. Pretty decent for an "idiotic" economic plan.
 
Ramrouser said:
Atlanta Federal Reserve is now predicting 4.6% economic growth in the 2nd quarter of this year. Pretty decent for an "idiotic" economic plan.
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I would not bet my life on 4.6% GDP growth in the 2nd quarter , but that would be a positive sign that Trump's economic plan will return our economy to the greatest economy in the history of all mankind...

"The improved GDP predictions correlate directly with new trade agreements and the delay of tariffs. However, the political landscape remains precarious. Trump’s vocal stance on potential renewed tariffs, particularly against China and the EU, introduces significant uncertainty. Many analysts highlight the paradox of a bullish GDP outlook coupled with the looming threat of trade wars. If tariffs are reinstated, they could lead to an economic contraction that undermines the Fed’s optimistic projections."
 
nycfan said:

Global Investors Have a New Reason to Pull Back From U.S. Debt​

After hedging currency risk, foreign investors no longer make money buying American bonds​


🎁 —> https://www.wsj.com/finance/investi...4?st=wLmyfo&reflink=desktopwebshare_permalink

“Foreign investors have plenty of reasons to be wary of U.S. government debt at the moment. Now there is another: They can often receive better returns buying bonds in their own countries.

The risk of a weaker U.S. dollar and the cost of protecting against that risk, are making American assets less attractive around the world. That comes at a bad time for the U.S. Treasury market, which is already contending with a darkening U.S. budget picture and the trade war….”

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For the MAGAs lurking, this is more evidence that Trump and his administration have no fucking clue about what they are doing.
 
Management's Services PMI registered a reading of 49.9 in May, below the 51.6 seen in April and lower than the increase to 52 economists had expected. Readings above 50 for this index indicate an expansion in activity, while readings below 50 indicate contraction. May's data marked just the fourth time the services sector has fallen into contraction in the past five years.
 
Bigs23 said:
We’ll have to wait and see what happens when the impact of this idiotic plan actually kicks in.
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Many seem to be missing the ripple effect of the uncertainty in business.

It's costing my company money.
 
Ramrouser said:
Atlanta Federal Reserve is now predicting 4.6% economic growth in the 2nd quarter of this year. Pretty decent for an "idiotic" economic plan.
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There's no plan. He caved and we are basically back where we started.

Plus the ripple effect will be lagging.
 
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