Stunning Day of Economic Gaslighting – Despite All Positive Data, Corporate Media Cheering For Recession…

A “negative yield curve“;  a pending “economic recession“.  These are the obtuse and ridiculous proclamations of the Mainstream Corporate Media today.  So let’s take a moment to discuss how stunningly -intentionally- disconnected they are.

Always remember, there are trillions of dollars at stake; and these media entities have a vested interest in maintaining the Wall Street position, adverse to Main Street USA.

First the “negative yield curve” aspect; where long-term bond rates (returns on investment) are lower than short-term rates (returns).  As Reuters proclaims:

“A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling”…

I must admit, I actually started laughing out loud when I first read that proclamation. Allow me to introduce a radical concept in economics: “supply and demand” !

The long-term borrowing rate for return on investment dropped momentarily lower than the short-term borrowing rate of return on investment because massive numbers of foreign investors were rushing to buy long-term U.S. bonds.   Wait… what?  Yes, a ‘negative yield curve’ is what happens when everyone wants to buy bonds in your long-term economy.

There weren’t enough long-term bonds to fill the demand of those who wanted to purchase them.  Ergo, the return rate of interest dropped because there was no need to have an incentive to sell them…. everyone wants them.

So the yield drops, because the U.S. doesn’t need to incentivize the sale… because everyone is lined up to buy them.  See how that works?

Do lines of people wrapping all around the world trying to get to the U.S.A Bank and buy U.S. treasury bonds sound like the USA economy (underlying the bond) is weak or in trouble?

It’s OK to laugh out loud.

No, really, it’s ok.

Yes, Alice, it’s true.  The financial media would have you believe that customers lined-up around the building to purchase your products means your business is about to close because of a lack of customers.   THAT my friends is the stupidity of it.

The U.S.A economy is so strong, so healthy, and forecast to remain so with such intensity, that everyone wants to purchase dollars because it is the world’s highest predicted rate of return for investment….. And somehow the media can spin that into a bad thing.

No, really.  That’s the narrative of today.

Now let’s look at the second stupid “A looming recession“:

First, a “recession” is two consecutive quarters of negative GDP growth.  That’s how you define a recession.  So to start a recession you need need one quarter of negative GDP growth right?  Well, duh, it hasn’t happened, and there is not a single economist who is predicting a negative Third Quarter growth rate (July, Aug, Sept., ’19).

First Quarter GDP growth was 3.1%. [Beating all expectations] Second Quarter GDP growth was 2.1%. [Again, beating all expectations]… and somehow the Third Quarter is suddenly going to be negative growth?   It’s OK to laugh again.

So how does CNN et al  “warn of a looming recession” when there’s not a single economist forecasting a negative GDP for the third quarter?   Well, they make shit up that’s how.

Think about it…. if the economy was contracting, people would not be getting hired right?  Employers would be laying people off right?  Businesses would be selling off assets right?  Wages would be dropping right?

Do you see any of these things happening?

No?  Why not?

Because it ain’t happening, that’s what !!!

The U.S. economy is not shrinking.  Main Street is strong, and getting stronger.

Go back to point #1, would the world be rushing to buy dollars if the U.S. economy was on the precipice of collapse?  Think about it.

Now, that said, there are some economies that are shrinking; and they all have something in common.  The manufacturing export dependent nations are in trouble because President Trump is starting to limit their access to their most desired customers, the USA. And President Trump is telling companies that operate in those export nations that it would be in their best interests to come to the United States to make their goods.

Germany, the economic engine for the EU, is a manufacturing export dependent nation, and it is contracting.  China is a manufacturing export dependent nation and their manufacturing is contracting.  But the U.S. is strong, because we are not dependent on exports.  In fact the U.S. consumes more than 80 percent of what we produce; we are a self-sustaining economy.

Our U.S. economic strength is why Asian and European investors are rushing to buy dollars (US Bonds); and why the U.S. treasury doesn’t need to provide high yield rates as incentives to buy them (hence the negative yield curve).

Stop me when any of the U.S. economic data has even the slightest implication of a slowdown, or “looming recession”.

Our last jobs report showed 164,000 new jobs created in July (yeah, like two weeks ago).  In addition 363,000 people moved from part-time to full-time employment… does that sound like a weak economic outcome?  Current blue-collar wage growth is in excess of 3.4%, and current overall U.S. worker income is growing at a rate exceeding 5.4%.

Does any of that sound like what you see just before a “looming recession”?

(BEA Data Source – Link)

Every actual data result exceeds expectations.

Every measurable KPI in the U.S. economy beats every forecast.

Show me data that supports this “looming recession” claim.  Guess what; you can’t because it is a manufactured bucket of nonsense.  Abject stupidity created in the basement of media narrative engineers and pushed into the U.S. mainstream talking points in an effort to create something that doesn’t exist.   You know the word for that? “Gaslighting” !

Why?

Why are the financial pundits doing this?

Because the engine for the U.S. economy is the U.S. consumer.  The Wall St./Media pundit goal is to erode consumer confidence, instill fear, and hopefully get people to sit on those high wages…. thereby creating a self-fulfilling prophecy.

This my friends is the battle behind Wall Street -vs- Main Street.

There are trillions of dollars at stake.

[You Can Read More Here]

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This entry was posted in Agitprop, Auto Sector, Big Government, Donald Trump, Economy, media bias, President Trump, Professional Idiots, propaganda, Trade Deal, Typical Prog Behavior, Uncategorized. Bookmark the permalink.

234 Responses to Stunning Day of Economic Gaslighting – Despite All Positive Data, Corporate Media Cheering For Recession…

  1. Looks like Sundance and our President Trump have this covered.

    Liked by 36 people

    • VoteAllIncumbantsOut says:

      Nailed it Sundance!

      The market internals were in an overbought territory and had to blow off some steam. Investors from around the globe are buying up the dips because they see the writing on the wall but be prepared, things globally are going to start coming unglued and right here in good ole’ U S of A we may feel some heat but investors don’t invest if there’s no profits to be made, they know where to park their money!

      They will try and blame POTUS when we start nearing election time so be on the look out.

      If things were as bad in the markets today as they say, then why stop falling, ever wonder?! That’s right, BTFDip!

      Liked by 7 people

  2. DJT2020 says:

    The trouble for this narrative this time is Trump has the ability to blow right through the narrative and talk right over them. Rally tomorrow will be great!

    Liked by 28 people

    • Maquis says:

      YES!!! 🙂

      Liked by 3 people

    • Razor1 says:

      Djt2020 You’re right on track tomorrow will be a big rally that’s the problem. Most of this market swing is being run by propaganda to the marketplace and then the rich getting richer playing the spreads. This is all way too made up. Last week the market rises 400 points in one day to go over 27,000 with no converse data it’s now 25,005 ….Give me a break! It’s a “play”.

      This tariff propaganda is driving me crazy. 1.4% inflation versus 25% collected in Tariffs. One would think a second grader could understand the math on this. yet the Media manipulators continue to insist that the American people are paying for the tariffs. At the very worst case If the tariffs were affecting the price of American products, they would act like a consumption tax to those who consume that item. This operates like a fair tax, only being imposed on those who use those items. That’s about as fair as it can be.

      Joseph Goebbels has nothing on these lying pos’s.

      Liked by 6 people

      • hoghead says:

        Razor, we’ve been dragged down this dark alley before. Recall the media choir chanting “…the worst economy in fifty years…”, during one of the bush administrations; wasn’t true then and is laughable now.

        Liked by 2 people

        • mortgagesforthemasses says:

          I haven’t forgot 1992 when the same media kept talking about a coming recessio for mono, with little evidence, until they frightened enough consumers to cause one. I believe this is one of the reasons GHW Bush lost.

          Remember, the Democrats and their MSM public relations firms are quite willing to crash the economy to gain political power.

          Liked by 2 people

      • YvonneMarie says:

        True !

        Like

      • Bert Darrell says:

        Normally, one would blame days like today on the “chartists”, who think that, because occasionally bond rate inversion has preceded recession, it must so every time that inversion occurs, even if artificially and short term.

        It isn’t the case this time. As SD explained, the 1-day inversion is readily explained, and is accompanying by a solid economy; not by other credible indicators of recession. The fake media is being ordered to portray financial instability to hurt PDJT. It isn’t working this time and the talking heads will end up with egg on their st00pid faces. What do they know? They just read a teleprompter. The number 1 rule of investment remains BUY LOW, SELL HIGH. It hasn’t changed, folks.

        BTW, over the last few days, CNBC (a subsidiary of enemedia NBC) has been claiming that American farmers are hurting because China has stopped buying American foodstuff, conveniently “overlooking” that PDJT is supporting farmers with money from tariffs applied to Chinese exports to America. Talk about dishonesty!

        The fake media is exploiting the ignorance of many American investors. It is a fact that many people playing the markets have no idea how it works or how to analyze financial data. Companies that are making money hand over fist aren’t supposed to have the price of their shares drop, but that was exactly what we saw today.

        Every time a sell-off occurs, keep in mind that for every sale of stock there is a corresponding buyer. Then draw your own conclusion.

        Liked by 2 people

    • Bubba Cow says:

      got my ticket and discovered that 40,000 plus people got tickets before me
      in New Hampshire !!

      Like

  3. The same people that swore the stock market would collapse Donald Trump was elected President are now predicting the future … again. The only thing that could possibly defeat PDJT in 2020 is a bad economy. So they are predicting it hoping that we will listen and believe. Not happening.

    Liked by 24 people

    • MTeresa says:

      Honestly I’ve gotten to the point that if the MSM said there was a tornado coming, I wouldn’t lift a finger to move. Well maaaaaybe if there was a whisper of a cloud………….but nah. On second thought, why so hard to believe? They only lie when their lips are moving.

      Liked by 19 people

    • Bill Maher said the other day that he thinks the only way to defeat PDJT in 2020 is for there to be a recession so he is rooting for one. All of a sudden the stock market listens to Bill Maher! That’s how I thought of it today. They’re listening to Bill Maher.
      Everyone has known Macy’s and other retailers were in big trouble for 10 years.
      Except for my favorite, TJMaxx. Also down today.

      Liked by 4 people

  4. webgirlpdx says:

    As my 60ish brother, who graduated w/a journalism major told me not too many years ago……We didn’t have to take any math in J-School. Obviously they didn’t have to take any economics either.

    Liked by 24 people

  5. webgirlpdx says:

    ShareBlue talking point memo Word of the Day tomorrow morning will be: Recession. Recession.

    Liked by 8 people

  6. TheWanderingStar says:

    President Trump has broke them. All of them are unhinged – politics, economics, science etc.

    Liked by 12 people

  7. MakeAmericaGreat says:

    Yes.

    There are only three angles of attack against POTUS now, with Muh Russia dispatched.

    1. Race Card (Trump is white supremacist, Trump is racist, etc)
    2. Immigrant children (here is a video of a ‘separated child crying, etc) and border

    Both of those 2 things came together in the El Paso story. “Racist” Trump supposedly influenced the shooter (false), and the motive was anger over immigration.

    So, while you can’t hope to have a shooting every day if you’re the left or media (or a shooting that plays into your narrative; Philly shooting today won’t work for them), then you go to the remaining core item on the Attack Trump List (there are other items, but these are the main three)

    3. Economy and trade battle (including financial markets)

    Today was all about number 3. On Twitter, in the media, everywhere. Try to create your own recession via self-fulfilling prophecy, as Sundance pointed out.

    This is where things are at for the left. Every day is seeking out another harbinger of doom and more things to be outraged about.

    This is what they’ve got.

    The “looming recession” has been played an untold number of times since the trade war with China began. In fact, several months ago there was another inverted yield curve and we got the same proclamations of gloom.

    But today was much, much more intense in the “doom” talking. Why? Because Mueller is gone, impeachment is over, and the left and its media really, really needs something to lasso POTUS with and so they’re going to go all-out to try to create that thing when they can.

    It’s desperation. But it still has to be handled and stopped.

    Liked by 27 people

    • mr.piddles says:

      I couldn’t help but notice that today was “Negative Yield Curve!” day across the entirety of Cable News Media. And you know the whole thing is 100% Bullcrap when that Brain Trust Of Economic Analysis, Shep Smith, starts his insufferable hour-long broadcast with a “in-depth” “breakdown” of the “negative yield curve” and why it points to “imminent recession”. The Cable News PTB and their Wall Street Overlords tipped their hand with that one. For future reference: if you want to try to legitimize your false narrative, don’t bring Shep Smith into the loop. #DontFeedTheShep

      Liked by 13 people

      • MakeAmericaGreat says:

        ha ha.

        Yeah, if Shep is on it then you know it’s Resist-approved.

        And yeah, it was Inverted Yield Curve Day all day today. No question on that. Glad POTUS made fun of it on Twitter.

        Liked by 4 people

      • 335blues says:

        I have long rid myself of a TV and cable, so I am
        no longer paying for Shep’s sex toys.

        Liked by 6 people

        • mr.piddles says:

          I accidentally caught the first 5 minutes. Actually, he started right in with “negative yield curve(!)”, and I couldn’t help but watch the first 5 minutes for the entertainment factor.

          Like

      • Bret on Special Report just as bad as Shep, plus he has many more viewers than low rated Shep. Just talk down the the best economy we’ve had in years, because they hate our President. Notice the playbook: Russia collusion/obstruction, white supremacy, mass shootings, Epstein, yield inversion/recession.

        Liked by 1 person

    • Razor1 says:

      Well make America great again….They really don’t have the white supremacy thing going for them either. you see white supremacy is a birth baby of the Democrat party. just like the communist party of America, just like the Socialist party of America, just like the Nazi party of America. they were just the northern branch…above the mason Dixon line. The southern dims had the kkk…This coalition Held the US house of representatives for nearly 100 years consecutive. Don’t let it be lost on you that the leader of the white supremacy movement at Charlottesville was a previous Obama campaign Bigwig!

      Why nobody mentions this I just can’t understand.

      Liked by 7 people

      • MakeAmericaGreat says:

        Oh, I know. But they’ll try to keep peddling that lie as long as they can.

        Their list of complaints against POTUS is growing shorter every day. Happy to see that. Soon they will be left with nothing.

        Liked by 2 people

    • Sentient says:

      Another media desperation play: farmers are turning against Trump. Look here’s a farmer who opposes Trump’s tariffs…

      Liked by 3 people

  8. bkrg2 says:

    Another reason we have a inverted yield curve is that SHORT term interest rated are too high (higher than long term as Sundance has explained).

    Q: Who else has made a point that short term (federal reserve) rates need to be cut???

    A: President Trump

    Q: Who keeps screaming about the impending implosion of the economy?

    A: Demonrats and MSM

    Liked by 14 people

    • jaek says:

      I thought we were talking about interest rates received and not charged?? Short term bond rates are higher than long term bond rates, correct? Short term interest rates charged are always higher than long term interest rates, correct??

      If you were from HK and needed to move your money, why wouldn’t you put it in short term bonds if the long term rate was falling???

      BTW: thanks SD for explaining this concept. You’re the first one who has made it clear what is going on. Hoping to buy some stock today on the dip…..

      Like

  9. The Boss says:

    I went shopping this afternoon. Scored some Dominion Energy and AT&T. Great yields to add to my IRA – averaging 5.4% between the two. That’s better than 3X the 10-year bond yield. And a greater chance for capital gains than any freaking 10-year bond! Once those stocks start moving I’ll write covered calls for an added return.

    The so-called financial elitists and their media whores will fail. Again. There is a seismic paradigm shift happening and all they have is their tired old rigged playbook. Thanks for being predictable!

    Liked by 19 people

  10. Steve in Greensboro says:

    An inverted yield curve is the pretext on which the MSM hangs today’s negativity. The US 2-year bond shouldn’t pay more than the 10-year — it is economic nonsense.– but so are the negative interest rates for sovereign debt across Europe.

    An inverted yield curve meant something in the past, back when debt markets reflected economic reality. All these rates are less meaningful today because of the extremely aggressive and unwise interventions in these markets by Central Banks, including the US Fed.

    Liked by 12 people

  11. pochas94 says:

    On this Socialistic planet the only place to do business is in the Capitalistic US. So, where is your money safe? In US Treasury Bonds. Unfortunately, the demand drives yields down.

    Liked by 2 people

  12. rightmover says:

    I will never forget globalist FOX neverTrumper Neil Cavuto breathlessly–and erroneously–predicting a huge stock market drop in the wee hours of the Wednesday after Election Night 2016.

    Liked by 14 people

  13. Davenh says:

    The media has so damaged their credibility, that this effort will not produce the effect they seek. Even if there are a few down days in the market, the rebound that follows will erase this manufactured narrative. It’s sure to be a bumpy ride, straight through 2020 with the media, Hollywood, academia and the Dems all attempting to damage Trump any way they can.

    Liked by 11 people

    • Dutchman says:

      And, like muh russia and orange man bad, its the track record over time that ruins their credibility.
      They really believe the American peiple are rubes, that will believe whatever THEY say, and just can’t accept the reality that by going full on open resistance they have only hurt themselves, not him.

      The market will rebound, and continue up, and people will notice. After several more times, they will recognise its “the boy who cried” WOLF!” combined with Chicken Little, and will quit paying attention.

      Wish I had some $ available to play with right now, but will have to wait a couple of months, and catch the next one.

      When I hear “doom and gloom” from idiots, thats a clarion call to invest.

      Pretty straight forward, really.

      Liked by 1 person

  14. alliwantissometruth says:

    A succinct, perfectly parsed summary of the state of the respected tradition of journalism today…

    ” Well, they make shit up, that’s how”

    Enemy of the people indeed

    Liked by 11 people

  15. The Boss says:

    Can we say “US Treasurys Bubble”?

    Liked by 1 person

  16. Georgia says:

    “Free Press”? So clear we have just the opposite.

    Like

  17. ParteaGirl says:

    Can somebody please whack this mole? He keeps popping up.

    Liked by 10 people

    • mr.piddles says:

      What an ass.

      Liked by 6 people

    • dissonant1 says:

      Has he ever been right about anything in the last 30-35 years. How long? How long must we put up with his insignificant yapping. He should get the Paul Krugman Award for Best Performance Impersonating an Economist. Or maybe a Liftime Achievement Award for same.

      Liked by 5 people

      • mr.piddles says:

        Whether he’s right or wrong is somewhat irrelevant in this instance, IMO. This Angry Little Man, who was once a very important policy maker in the U.S. Federal Government over the course of decades, is now openly rooting for distress in the U.S. Economy. He’s not PRO-U.S. Economy. He’s ANTI-U.S. Economy.

        Hm. Just thinking here. This sounds like something that Putin would be saying right about now. Is Robert Reich a Putin Stooge? This needs some investigation…

        Liked by 10 people

        • zorrorides says:

          Mr Piddles, the first thing I remember about Robert Reich is from very long ago – Reich had a big spread in The Rolling Stone for ‘the important interview’ of The Grateful Dead. Reich made sure to print the parts where he explained to the Dead his own (Reich’s) lofty status in leftist government/ academe/ money bizness. What a ew-yuch it was.

          I do still love The Grateful Dead.

          Liked by 1 person

          • mr.piddles says:

            I ran into him one bizarre night when he was running for MA Governor in 2002. I was in one of the beer bars around Faneuil Hall, and who breezes in like a Pixie On A Cloud, but none other than Robert Reich himself. He rather quickly made his way through the very crowded establishment, enthusiastically introducing himself while attempting to shake everyone’s hand (which, given his height, was rather awkward for the dudes, if you know what I mean), and handed out a small “Get To Know Me!” informational thing. And just like that… he was gone. I think he realized that he was… uh… “out of his element”, as they say. I mean, it was like Friday night, 10:30/11:00 or so, and festivities were WELL under way by then.

            Fun Fact: that 2002 election ushered in the age of Mitt Romney’s Rise To Power.

            Liked by 2 people

    • Maquis says:

      Just put out the word he’s gonna roll over on the Clintons, your mole will be promptly whacked.

      Liked by 7 people

    • livefreeordieguy says:

      The desperation is just so pathetic… I don’t know how they live with themselves.

      Liked by 2 people

    • icthematrix says:

      Echo chamber of the left. Others have been openly wanting a recession as a means of hurting our President. Hurts Americans worse but, so what? This might be a perfect time to highlight exactly HOW STRONG our economy has been and still is…while contrasting the deadly impact of socialism policies from any Dim elected.

      Liked by 4 people

    • Rhoda R says:

      In his wet dream.

      Liked by 1 person

  18. dissonant1 says:

    Sundance, thank you for laying this out in terms a 5th Grader could understand. Now, either the corporate controlled press and Wall Street are not smarter than 5th Graders (scary in itself) or else they have an agenda (scary too, but that will be overcome by numbers and a VSG). From what I was seeing, some people had the “doom and gloom” stories queued up even before the market went down. To see the concerted and pre-meditated effort in the press is to see the intention and its falsity. Really pathetic.

    Liked by 7 people

  19. Pete says:

    The geniuses at CNBC and Bloomberg were so overwhelmed with muted joy as they report the DOW plunge. Some of the tv hosts were unabashedly ejaculating as they report the prospect of a recession. The inverted yield curve gave them the weapon to finally nail Trump and his senseless stupid trade war. 😂😂😂

    Liked by 3 people

    • tucker7518 says:

      Stu Varney of Fox Business kept saying the reason for the “Inverted Yield Curve” is the negative interest rates for sovereign debt across Europe. They are putting their money in US Treasury Bonds. Demand drives yields down.

      Liked by 2 people

  20. mr.piddles says:

    Why does Jake Tapper want the U.S. Economy to fail? HIs comically furrowed brow project the hint of a hidden agenda. I just can’t figure out what it is… what does the comically furrowed brow mean…

    Liked by 2 people

  21. kddomingue says:

    I’m not an economist by any stretch of the , but the hubs and I have lived through three recessions…and this doesn’t have any of the telltale signs of a recession. I won’t be worried about the economy until we see who wins the Presidency in 2024. 😉

    Liked by 9 people

  22. mefotobug says:

    L.O.V.E how our President drops a hint (read: demand): Personal meeting?

    Liked by 3 people

  23. Maquis says:

    Yet, the stock market still went stupid, despite the vapidity of the instigators. No worries, it’ll make it up before the week is out, though many Wall Streeters are welcome to jump out there windows if they really wanna give to the cause.

    Liked by 1 person

  24. evergreen says:

    I suppose if the congress is going to spend like drunken sailors and borrow to do it, it may as well be long term debt at low rates.

    Liked by 2 people

  25. Bogeyfree says:

    Now if PT would just tweet……..

    If you want the truth everyone needs to read The Conservative Treehouse latest thread.

    https://theconservativetreehouse.com/2019/08/14/stunning-day-of-economic-gaslighting-despite-all-positive-data-corporate-media-cheering-for-recession/#comments

    Don Jr., if you read here how about a quick call to your Dad so he too can read Sundance’s thread.

    Liked by 6 people

  26. 335blues says:

    The DISINFORMATION spin continues.
    Right before the 2016 election they told us Clinton was so far ahead there was
    no way for Donald Trump to catch her, and she would win the Presidency.
    After the election they told us Trump was “colluding” with the russians
    and he would be impeached for it.
    Then they staged a coup d’etat with the ‘crossfire hurricane’ project involving
    numerous agents of foreign governments, but they got caught.
    Hollywood communists began proclaiming Trump would not last two years in the white house.
    They told us Trump’s tariff war against communist china would drive up prices,
    and lead to massive unemployment and a ruined economy.
    Now they tell us a recession is imminent because foreigners and foreign governments are
    are buying up our long term bonds at break neck speed because America is the only economy
    in the world that is growing, and growing, and growing.
    They have fired every drop in their “let’s get Trump” watergun trying to
    find something that will stick.
    Communists sure are stupid.

    Liked by 6 people

    • mr.piddles says:

      “DISINFORMATION”

      I thought quoting this singular word is sufficient for my reply… which is…

      The Mainstream Media really and truly is The Enemy Of The People. They are Globalist Propagandists, pure and simple. They want Trump to fail, and THEY DON’T CARE if the U.S. and it’s citizens are hurt in the process. That’s just the price of #Resist #ByAnyMeansNecessary.

      “BREAKING NEWS: ‘Negative Yield Curve’ Spells Imminent Economic DOOM”

      Do you think Erin Burnett had to Google “negative yield curve” this morning? I have a feeling she did.

      Producer: “We’re running ‘negative yield curve’ today.”
      Burnett: “What’s that?”
      Producer: “Uh… do you know how to use Google?”
      Burnett: “I do… but I kinda need to know what it is in layman’s terms.”
      Producer: “No you don’t. Just work with us here, Erin.”

      Liked by 4 people

  27. stats_guy says:

    there’s a reason everyone is buying 10 year Treasuries…the German 10 year is -0.6%, Japan -.2%, UK 0.5%….and HK is a mess. If you had lots of money that you needed to keep safe, where would you go?

    Liked by 17 people

  28. MAGAnomics BONUS – Completely MISSED by EVERY Pundit & “Economist”:

    10-Year Treasury Rates have DROPPED MASSIVELY
    • From 3.24% high in 2018
    • To 1.58% today

    This reduces our Interest Rate by 1.66% on our $22 Trillion of Debt
    … Saving $365 BILLION ANNUALLY in Debt Service Costs
    … Cutting both Deficits and Debt Growth by $1 BILLION every DAY.

    Liked by 16 people

  29. MikeN says:

    I feel you are understating the issue. We have been getting these reports of ‘the economy is weakening’ or ‘economic growth is slipping’ for over a year now. Every time, the numbers come in and the previous reports were all wrong.

    Liked by 1 person

  30. The Stock Market is the Biggest CON GAME and Political Tool out there.

    AUDIT THE FED !

    Liked by 1 person

  31. Joshua2415 says:

    I spend a lot of time with major US consumers of industrial chemicals. Over the last 20 years, a huge amount of domestic chemical production has been redirected to China. Plant closures in the US commodity chemical industry mimicked what we saw in the steel industry in the 80’s. Last week I was at a factory that for years has been purchasing large quantities of one class of commodity chemical from China. When the first set of Trump tariffs were announced, they set about restructuring their raw material supply chain in order to ensure continued supply at competitive prices. As of 8/1, 100% of a key raw material for them is now being imported from…wait for it…
    West Virginia!
    Recession my ass.
    TRUMP 2020

    Liked by 22 people

  32. covfefe999 says:

    This is a perfectly absurd libtard response to Recession-palooza. He hopes that the downturn will continue through the election. lol He wants the economy to tank because his TDS is so severe .

    Like

    • gsonFIT says:

      Words of a communist!

      Liked by 3 people

    • thedoc00 says:

      Somebody needs to remind Matt and the MSM that Wall Street backed Hillary in 2016 and rejects the President’s policies due to their stupid decisions…so which greedy supporters are they talking about?? Oh my, could they mean the actual voters (workers) with “low levels” of education??!!

      Liked by 1 person

    • bour3 says:

      I can’t help about the shape I’m in I can’t sing I ain’t pretty and my legs are thin. But don’t ask me what I think of you, I might not give the answer that you want me to …
      * Guitar riff *
      Oh well.

      Liked by 3 people

    • SteveT says:

      Is there an English comprehension problem?
      “Signs signal a nearing global recession” means the global average is a recession. There is no evidence (in fact, the opposite) that the American economy is anywhere near a recession (as Sundance has shown).
      This appears to be sheer TDS and bias, leading anti-Trumpers to jump to their desired conclusion. The results of which will unfold over the next few years with the destruction of the democrap party as the electorate realises en masse that they have no idea.

      SteveT

      Like

  33. I herad today the fake news said we having econmic Recession,

    Liked by 1 person

  34. snailmailtrucker says:

    Remember “Quantitative Easing” during the Obama Disaster how
    THE FEDERAL RESERVE was Pumping $85 Billion US Dollars into the US Bond Market EVERY MONTH for YEARS, and reducing the Interest Rates all the way to Zero to make The Feckless Imbecile Barack Obama look like his policies were Good for The Stock Market and America ?

    Well, the FED is Doing the Exact Opposite against POTUS Trump to do as much Damage to Him and to Slow Down the Raging Economy.

    For the Last Year The Fed has been doing The Exact Opposite…. what is Called a
    “Quantitative Tightening”.
    The FED has been Selling $$$$$ 50 Billion Dollars in Assets per Month for the last
    Year = 600 Billion US Dollars being taken out of the Markets AND Increasing Interest Rates at the Same time…. to do as much Damage to
    POTUS Trump’s amazing Financial Policies that have Energized the US Economy !

    Remember, the FED is also Raising the Interest Rates at the same time….
    CAN YOU SPELL FINANCIAL TREASON ?

    THIS IS HOW THE DEMOCRATS/DEEP STATE TRAITORS WORK !

    AUDIT THE FED !

    Liked by 16 people

  35. JoeMeek says:

    “Why? Why are the financial pundits doing this?”

    Obviously they read Charles Lutwidge Dodgson (pseudonym Lewis Carroll) and gave particular weight to words like these, If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?”.

    Liked by 2 people

  36. keeler says:

    Economics is far outside my bailiwick, but when the local news pushes back its coverage of trapped kittens and convenience store CCTV footage to feature “the economy” as its lead story I know somebody is trying to sell some nonsense.

    Today’s news coverage of the bond market was comically transparent. Ken and Barbie peddled a slickly packaged story clearly handed down to them from the national/corporate level with the intention of sending everyone into a panic. Yet even that material was riddled with “ifs” and a series of admissions that a) the US economy is not weak, b) there are no other serious indicators of recession, and c) any potential economic down turn “flashed” by the bond yields is *at least* a year away. The best part was the admission that both China and “Germany” (aka the EU-SSR) were both showing much stronger signals of economic slowdown.

    The only thing that stops me from laughing at this nonsensical propaganda is the fact that it is propaganda.

    Final note: can we stop pretending that an 800 point loss is a catastrophic drop for a 25,000 point stock index? Black Monday was called that because the DJIA dropped 22%. Today’s drop was 3%. Yes that hurts, but currently Dow would need to lose about 5,500 points in a single day to match the Black Monday drop. We’re about 4,700 points short of that.

    Liked by 4 people

    • mr.piddles says:

      “I know somebody is trying to sell some nonsense”

      I’m surprised they didn’t try to leapfrog off the inconveniently-timed Philly gunman situation…

      “The gunman appears to have gone on a rampage against Philadelphia Police because, according to sources, ‘he was upset by today’s “negative yield curve” news’.”

      I mean… who would challenge that? The Sheep would say “Huh. I guess that sounds reasonable (*shrug*)” before getting back to Regularly Scheduled Programming.

      Liked by 1 person

    • deeperinfo says:

      Facts.
      Can’t we just make up some Truths???

      Like

  37. Maquis says:

    I very much appreciate seeing PDJT including Hong Kong in his tariff tweets! I’ve been looking for him to tie HK into the current trade beatings, it’s his best weapon, and delaying the planned tariff increase allows him to easily reimpose them in a heartbeat whilst citing HK if things get ugly there. Xi didn’t even get a chance to wipe the flop sweat from his brow at the recent reprieve before he got told Hong Kong is now a factor in his economic leader for life fate.

    Liked by 5 people

    • I was just saying to myself that at President Trump’s pace of action, Xi’s going to have a nervous breakdown or a heart attack trying to keep up and cope.

      Imagine the reverberations that each Trump Tweet triggers up and down the CCP and back & forth among the multiplicity of stakeholder groups from the PLA to their Provinces to the Police in Hong Kong!

      Liked by 1 person

  38. rayvandune says:

    Why doesn’t Trump go on national TV and just lay this out. We are not stupid, but many of us are ill-informed! Come on, put down Twitter and get behind that big desk, and devastate the bastards who are trying to crash our economy!

    Liked by 1 person

  39. rayvandune says:

    Why doesn’t Trump go on national TV and just lay this out. We are not stupid, but many of us are ill-informed! Come on, put down Twitter and get behind that big desk, and devastate the bastards who are trying to crash our economy!

    Like

  40. Skidroe says:

    Fox News is getting just as bad. Commentators that know nothing about economics. Then they bring far left idiots on preprogrammed to discuss a recession is coming. When Neil Cavuto ( has a head like a big empty box) comes on I turn it off. I can’t stand to watch that anti- Trumper. By the way, I went to google something a few minutes ago and everything came up “Recession”.

    Liked by 2 people

  41. Skeeball says:

    I always use the market fearmongering of lefties as a buying opportunity. You should too.

    Liked by 1 person

  42. visage13 says:

    Every time the Dow “plunges” I just think there is an opportunity to by low. These idiots think we are stupid but we know better and so many people are starting to wake up.

    Liked by 2 people

  43. Right to reply says:

    I utterly detest the media and their greedy little mouthpieces. Anyone who will spout bilge for a paycheck is lower than low!

    Liked by 1 person

  44. tonyE says:

    It might be a recession for Wall Street and Fredo.

    All those poor bankers and stock brokers who’ll only make $700K this year. Poor, poor people.

    Liked by 1 person

  45. jmarshs says:

    “The long-term borrowing rate for return on investment dropped momentarily lower than the short-term borrowing rate of return on investment because massive numbers of foreign investors were rushing to buy long-term U.S. bonds.”

    This was pointed out by a guest on Lou Dobbs’ show tonight.

    Like

  46. Louisiana Tea Rose says:

    Wall Street morons trapped within their economic models. Right up there with polling models: everything changes in Trump-World. Throw out the mold. It doesn’t portend with Trumponomics.

    Mold is obsolete now. Therefore model obsolete.

    President Trump: Master Potter. Brand new kiln with built-in upgrade, and baby, it’s hot!!!

    Liked by 3 people

  47. Skidroe says:

    Liars figure and figures lie!

    Like

  48. jmarshs says:

    I think one of the reasons that Trump delayed tariffs on China is that he knows that a bloody response is coming in the repression of the Hong Kong protests.

    Imagine what happens when China starts killing the protesters.

    The Dems in Congress will be DEMANDING that Trump sanction and tariff China as a response.

    Thus, the Dems will now “own” the tariffs.

    Trump is playing 3d Vulcan chess…..

    Liked by 4 people

  49. Schmitty says:

    Like I said, this is end of decade run-up. Like 1919, 1929, 1979, 1999. Bought lots of Gold miners late May, closed on house sale in June, renting until mid 2021 and holding gold until it peaks in Sept 2021. Crypto expected to bottom Sept 28 2019.

    I love Trump and study data relentlessly,
    brschultz

    Liked by 2 people

    • Ethan says:

      I am a millennial and am finally starting to get a baseline comfortability with reading and understanding economic data. Can you tell me about the data that you posses and what it is indicating to you?

      Like

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