U.S. Jobless Claims Drop “Unexpectedly”, a Sign of Continued Labor Market Strength…

According to the U.S. Department of Labor [data here] companies hiring American workers are not complying with the media “recession” narrative.   Yes, another day, and yet another data point reflecting the “unexpected” & continued strength of Main Street.

WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.

Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 209,000 for the week ended Aug. 17, the Labor Department said on Thursday.

The decline was sharper than expected. Economists polled by Reuters had forecast claims would drop to 216,000 in the latest week.

[…]  The four-week average for new unemployment benefits claims was lower than the corresponding week in July, a positive signal for employment during the month.

There are few signs a bitter trade war between the United States and China was spilling over to the national labor market, although growth in manufacturing jobs has slowed this year. (read more)

Most democrats, like most Wall Street media pundits, know absolutely nothing about how a free and independent U.S. Main Street economy works.

Seriously.  I’m not kidding.

CTH has been saying since Trump’s announcement in 2015 there’s almost two generations of people who have no concept of an independent U.S. economy; and all of the subsequent ramifications therein.

Now we are seeing an odd benefit to their lack of knowledge.  If the politicians don’t know how Main Street works, specifically during the reversal period where policy operates in the space between Wall Street and Main Street, then they can’t find a tool to ruin it.

The Fed is disconnected.

PS. With the continued devaluation, subsidy maneuvers and continued efforts at transnational shipping from China, it might be a good recommendation for President Trump to raise the initial steel tariffs from 25% to 35-40% range.

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This entry was posted in Auto Sector, Big Government, Decepticons, Dem Hypocrisy, Donald Trump, Economy, Election 2020, media bias, Nancy Pelosi, President Trump, Trade Deal, Uncategorized, USA. Bookmark the permalink.

125 Responses to U.S. Jobless Claims Drop “Unexpectedly”, a Sign of Continued Labor Market Strength…

  1. Publius2016 says:

    Definitely a recession…globally!

    America First!!

    MAGA!!!

    Liked by 6 people

    • bertdilbert says:

      America First is more for us and less for them. We cannot save the world, we can only save ourselves.

      Soon Germany and China are going to be left looking at each other… Going to be interesting. They are going to be fighting each other for the scraps that fall from the table. As the global economy slows, so will import and export demand. This is going to upset Denmark, home of the largest shipping company in the world.

      But Trump promises never to put a casino on Greenland! So there is that.

      Liked by 10 people

      • SwampRatTerrier says:

        “UNEXPECTEDLY UNEXPECTEDLY!”

        This “unexpectedly” is getting to be pretty predictable. LOL

        Odd thing BertDilbert, when “We the People of the U.S.” prosper, the entire world benefits. Already native people around the world are working to dislodge their free-loading usurpers – that the crooked Globalists “installed.”

        RE: Sundance’s statement of “Most democrats, like most Wall Street media pundits, know absolutely nothing about how a free and independent U.S. Main Street economy works” is so true.

        A few years back it was reported that many college business students starting their business classes had NO IDEA of what PROFIT was. They often thought it was the Gross Sales Revenue on the Sticker Prices rang up at the check out counter.

        Liked by 3 people

        • bertdilbert says:

          When you live with mom, you do not have any clue what expenses are. Therefore, gross sales is all profit.

          Liked by 10 people

          • Pedro Morales says:

            Russian spy- nope
            Racist- nope
            Recession- nope

            POTUS45 aka The Chosen One- “I need more narratives to blowup. Lets have 3 helicopter pressers today! But, can someone get me a diet Coke please. And see if Bart O’Kavanaugh has more ice. Thanks!”

            Like

            • margarite1 says:

              Now they’re on to “he’s crazy and needs an intervention”. I guess that’s their new coordinated message. They are so predictable.

              Like

              • Pedro Morales says:

                I think they did that one too! Remember.
                Bad diet- Ronnie Jackson said he had great genes
                Health issue- turned out to be dry mouth from Sudafed
                Mental issues- Scored high on the acuity test
                Slowing down- Chris cuomo is complaining he is not aging like other Presidents and the MSM is suffering from heat strokes during his helicopter pressers.

                Liked by 4 people

                • SwampRatTerrier says:

                  Yes, the Dems/GOPe/Globalists have tried them ALL multiple times over and over again by now – starting with the escalator ride heard round the world in 2015.

                  Like

              • Austin Holdout says:

                They’re having to rely on reruns. Twenty fifth Amendment/Unstable is so 2018.

                Liked by 1 person

                • steph_gray says:

                  Maybe they’ll go all the way back and rerun the Trump elevator cam. Surely there had to be a Russian in it at least once! 😆

                  Like

          • Alan Reasin says:

            The smartest President ever, Obama, thought that businesses paid themselves first out of the profits. I spent 2 years without pay so our family’s company could survive and grow. Obama proved many times that he knew nothing about economics.

            Liked by 10 people

            • Kate says:

              Oh yeah Allen, Obama also said you did not build your business but the Government did.

              Like

              • Austin Holdout says:

                Pocahontas sings the same song. “If it wasn’t for the taxpayers you couldn’t have gotten your product to market, so now your business has to pay back the taxpayers” ( guess she doesn’t know your company was one of the taxpayers who paid for the road before it was built-along with all of the payola that went to the sons and brothers and cousins of all of the members of congress who authorized the spending
                in the road .

                Like

        • Dutchman says:

          The media writ large have already discreditted themselves. 72% of DEMOCRATS don’t believe the news.

          As this continues, at what point is it going to register with the American public, that these economists are clueless?

          If 90% of their headines include the words “unexpected” and “surprising” and “beats expectations”, and simultaneously they keep predicting a recession that never comes, while economy cotinues to improve, almost subliminally people are going to conclude “These idiots don’t know,WHAT they are talking about!”

          And, by inference, PDJT DOES know what he is doing! Fed can’t stop it. Would be better if they would take their foot off the brake, but with pedal to the metal, brake can only shave a little speed off; it can’t stop the train, or derail it.

          Liked by 2 people

          • dallasdan says:

            The great majority of economic pundits and forecasters express their opinions and write their articles based upon talking points given them by Wall Street leadership.

            I speak from experience, having been one, at a junior level, who observed the narrative routinely shaped to support the financial interests of the “big cigars.” I am very confident the practice continues today, but with a higher degree of intensity.

            Liked by 1 person

            • Dutchman says:

              Yes, but WHO gives the ‘big cigars’ THEIR talking points?
              What you describe is like the political talking heads, who get their talking points from media matters.

              Its so obvious, if you have a fast thjmb, you can click thru the channels fast enough at the top of the hour, to here one sentence, from 6 different mouths. Fascinating, really in a perverse kind of way.

              How is it, that the 5-6 media companies, that control 90% of media, are all lefties?

              I don’t believe in coincidence. China has the resources to obtain that influence, through corruption, coersion or blackmail.

              I know it seems like the 50’s, with ‘Red scare’, but its not paranoia, if there really IS a conmunist under your bed!

              Like

      • David A says:

        America first is NOT more for us, less for them.

        Like

      • tucker7518 says:

        Germany is selling 30 year bonds with negative yields.

        Like

    • tax2much says:

      Nearly every restaurant and retail store in my area has a help wanted sign in the window.

      Liked by 12 people

      • SwampRatTerrier says:

        Many of those signs also mention the starting salary, and/or the fact that they have training programs!!!!!

        How long has it been since retail, entertainment, eateries, etc. promoted their entry-level jobs with the fact that they “trained?”

        Liked by 5 people

        • Publius2016 says:

          100% look at new college grads employment rate in May 2020! with “training” and “apprenticeships” even history majors will be in short supply!

          Liked by 2 people

          • Pedro Morales says:

            BTW to the MSM. The Dow Jones has now recouped its entire 800 point drop in a week.
            I guess Stephanie Rhule will not be having another squirting orgasm on air now that her recession fantasies are over. She hasn’t been this depressed since she got that bad news about Michael Avenatti.

            8/13- 26,279
            8/14- 25,479
            today 26,281

            Liked by 4 people

            • swissik says:

              So what about the 500 engineering staff being laid off by Cisco Systems in San Jose, CA?
              And where does the Drudge Report obtain the information about lay offs elsewhere in the country such as in the heartland aka mid west? Too much conflicting information for me to believe anything about the job situation in the US, sorry. I am not referring to people who might take jobs at Home Depot, Burger King and other such retailers.

              Like

              • GB Bari says:

                Layoffs are a way of life at Cisco and have been for many years. H-1B visas are only part of the problem. IT companies merge and they layoff duplicate skillsets to keep headcount the same. I read about Cisco’s problems many years before PDJT came along.

                Liked by 1 person

            • FrankieZee says:

              Rhule had her Obama headed DILDO out the day the Dow dropped 800 points.

              Like

            • Robert Smith says:

              Apparently nobody ever gets fired at networks other than Megyn Kelly. And it’s not like she suffered in that either.

              Like

      • tucker7518 says:

        Restaurants and retail stores in my area have been packed. Does not look like a recession to me.

        Like

    • JG3 says:

      Let the Globalist have their recession, we’ll keep our JOBS President!

      Like

  2. bkrg2 says:

    “USA economy in freefall” news at 9:00pm. Tune in tonight. 🙂

    Like

  3. czarowniczy says:

    And yet the MSM still keeps saying that the ‘experts’ see ‘economic troubles’ and ‘recession’ ahead. Ignoring the obvious lack of a timeframe (sometime before 2050, perhaps?) I can’t help wonder if economic elites who aren’t Trump-friendly, are whipping up expectancy and fear for one they’ll try to create just before November 2020? I’ve been waiting for the economic war front to open up as the political war front seem to be losing traction.

    Liked by 3 people

    • GB Bari says:

      The “experts” need to put down their bongs so that they can stop hallucinating.

      Liked by 6 people

    • SwampRatTerrier says:

      Uh….”Wonder?????”

      No wonder about it, the most vile evil creatures since Queen Jezebel are trying to creat FEAR!

      “Fear not, for I am with thee.” – Isaiah 41:10

      Liked by 2 people

    • yy4u says:

      “I can’t help wonder if economic elites who aren’t Trump-friendly, are whipping up expectancy and fear for one they’ll try to create just before November 2020?”

      Of course, they are. They did the same thing to the last Republican president (Bush). Remember when unemployment fell, every night we heard “but they aren’t good jobs”.

      When Obama was president there were few jobs but they didn’t talk about jobs period.

      So predictable. I’m no Bush fan — I think Iraq was a total boondoggle –Saddam was keeping Iran in check. Now look. And don’t ask me about Father Bush sending troops to protect Kuwait’s borders while ours were being breeched at will. But w/o the Bushes and Reagan before him, we might not have caught on to just how one sided the media is. They are far worse with President Trump, of course, but every time they call him a “Nazi” I remember “Bushitler”. That’s their default. It’s not working anymore. At least with those of us who still have a couple of functioning neurons.

      Liked by 4 people

      • steph_gray says:

        When Obama was president there were few jobs but they didn’t talk about jobs period.
        Or the homeless. Millions of people become homeless overnight the day after a Republican President is inaugurated, every time. It’s almost miraculous. 😆

        Like

  4. Sporty says:

    Our beloved President know exactly how China, Canada ,Mehico and everyone else has been stealing from our citizenry for decades and is stopping it. I hope they bleed bad. They cared not while they put us through the ringer.

    Liked by 9 people

    • Robert Smith says:

      I think tax-paying citizens know this also. They may or may not support Trump in general, but they will support him on Trade and Immigration because everybody knows it’s a complete disaster for the US.

      Like

  5. cheering4america says:

    Anyone else find it unexpected how frequently the pundits find the results of our current economy unexpected? I never stop being surprised by how easily surprised they are.

    Liked by 10 people

  6. Dee Paul Deje says:

    When the numbers under 0bama kept getting worse it was always “unexpectedly”. Now when the numbers keep getting better under Trump it is also “unexpected”. MSM bias much.

    Liked by 4 people

  7. Perot Conservative says:

    Sundance, provocative and compelling suggestion on steel.

    How does ate reduced or non-tariffs on steel from Mexico and China come into play?

    From my limited knowledge, it sure looks like there is still a likelihood steel is going from China, to other points, and into the US.

    If we give Apple and hi tech a reprieve, why not another adjustment to help steel?

    Liked by 4 people

  8. vikingmom says:

    Whenever there was bad news during Obama’s term the MSM would say that it was “unexpected” and try to explain why it was because of some unforeseen circumstance and had NOTHING to do with the policies and decisions coming out of the White House. And whenever something good happened, they would rush to give credit to Obama, even if he had nothing to do with it!

    Now, whenever there is good news, they immediately declare it to be “unexpected”, refusing to see how President Trump’s policies are, in fact, the driving factor behind all of the current uptick in hiring, manufacturing, and American job growth! But, if there is anything even slightly negative to report, they will find that nugget and magnify it, blaming the White House, even if they had nothing to do with it.

    How wonderfully, consistently inconsistent! No wonder no one trusts the “fake News” anymore!!

    Liked by 8 people

  9. SharkDiver says:

    The “experts” predicting a recession are the same folks that predicted the stock market would would crash if Trump were elected.

    Liked by 6 people

  10. rayvandune says:

    Heard on NPR this morning that the the Bureau of Labor Statistics has revised the estimates of job creation for 2018 downward, to hardly more than 2016 (Obama!) levels. Analysts wondering “What we got for those tax cuts?”. Sound of champagne corks popping could be heard in the background.

    When NPR says the Sun will rise in the East tomorrow, I start looking for my old Boy Scout compass and binoculars!

    Liked by 3 people

  11. rayvandune says:

    Heard on NPR this morning that the the Bureau of Labor Statistics has revised the estimates of job creation for 2018 downward, to hardly more than 2016 (Obama!) levels. Analysts wondering “What we got for those tax cuts?”. Sound of champagne corks popping could be heard in the background.

    When NPR says the Sun will rise in the East tomorrow, I start looking for my old Boy Scout compass and binoculars!

    Like

  12. lurker2 says:

    The economic analysts are the same people who administer the political polls, right?

    Liked by 3 people

  13. calbear84 says:

    I watch the U.S. stock market daily. The financial news is just as biased as the rest of the lame stream media! Every time the market moves up, the propagandists attribute it to “the market”. Every time it goes down, it’s TRUMP’s fault! Trade war! Recession fears!!
    Too bad, Americans are WINNING despite the marxist media.

    Liked by 4 people

  14. J W says:

    The MSM and the swamp are use to electing their own leaders. Oh my! What will they ever do now…that we know.

    Liked by 2 people

  15. littleanniefannie says:

    Russia, Russia, Russia. Racist, racist, racist. Recession, recession, recession. Ratchet, ratchet, ratchet. Rah, rah, rah!!

    Liked by 4 people

  16. GP says:

    It is disheartening coming to grips with the fact that a lot of powerful people and their minions are in direct opposition to the best interests of most Americans.

    Liked by 3 people

    • kddomingue says:

      It is terribly disheartening to know that there are many Americans who are actually rooting for a recession that will will cause financial hardship for millions of their fellow Americans. I can’t wrap my mind around people wishing for financial disaster for their nation. People who love this country are not wishing for anything but more prosperity for every citizen of this country. I see no shame, though I’m told I should be ashamed, of being proud of my country, for thinking that we should be concerned about America and Americans first, for standing by the Constitution, for arguing that equal rights already exist and we’ve no need to add more laws that actually make some more equal than others, that government needs to be downsized and for pointing out the the government money that everyone keeps referring to is actually taxpayers money that we seem to have little say in over how it’s being used.

      Liked by 4 people

    • Doppler says:

      The useful idiots hoping for a recession should not be confused with global financial predators looking for ways to engineer it for their profit.

      Liked by 1 person

  17. daylight58 says:

    Curse you, Donald Trump – you’re contributing to the demise of funemployment! Now people have to spend time actually earning a living, instead of sitting around the house watching daytime dramas and eating Ben & Jerry’s!

    Liked by 2 people

  18. Garavaglia says:

    The poor MSM..they also see Russians everywhere. EVERYWHERE.

    Like

  19. rayvandune says:

    At Market-watch.com, analyst commentary on 2018 job creation downward revision:
    “This makes some sense, as the 223,000 average monthly increase in 2018 seemed too good to be true in light of how tight the labor market has become and how much trouble firms are said to be having finding qualified workers,” said chief economist Stephen Stanley of Amherst Pierpont Securities.

    Fox Butterfield, WHITE COURTESY TELEPHONE PLEASE !

    Liked by 2 people

    • Ausonius says:

      Do they really not hear the “2+2= 3” nonsense in their own words?

      Talk about DoubleThink! Even though firms cannot find enough workers for the jobs they are creating, they are not creating enough jobs for workers.

      Rufus T. Firefly must be an economist at Amherst Pierpoint Securities!

      Liked by 1 person

  20. FL_GUY says:

    I am really tired of the media-rats with their constant lies. These lies about the economy are trying to destroy consumer confidence through FUD. = Fear, Uncertainty, Doubt

    President Trump should launch a White House REAL News daily broadcast that gives the actual facts. The media-rats would sink like a rock.

    I would also like to see action taken against broadcasting outright lies that are basically libel/slander. The media-rats have abused the first amendment for too long while advocating the destruction of the rest of the Bill of Rights. JMHO

    Liked by 1 person

    • SwampRatTerrier says:

      Spot on!!!!!!!!!!!!!!!!!!!!!!!

      I’m deliberately SPENDING MORE just to spite those Liars.
      (We know who their father of all lies is….)

      Like

  21. Robster says:

    As someone knowledgeable about statistics and control charts, the drop of US jobless claims this month is not statistically significant. (A similar increase wouldn’t be statistically significant either…). The ‘trend’ (if there is any) is obscured by the noise in the data.

    Continued labor market strength can be inferred, however, by the ongoing low rate of claims and high employment. For comparison purposes, after the disastrous election of Obama jobless claims surged to 610K (vs. 209K currently). As for an indication of a recession, jobless claims may be a lagging indicator, however.

    Like

  22. aisheschayal says:

    Here is a lame try grasp at straws reason by WSJ to find fault with PDJT’s great economy –
    “Price of Good Economy: More Time Stuck in Traffic
    Traffic congestion tacked around 12 minutes a day to Americans’ commutes in 2017
    By David Harrison Updated Aug. 22, 2019 1:16 pm ET”

    “Traffic congestion has worsened as the economy improved, adding roughly 12 minutes a day to the average car commute, according to a report released Thursday.”
    https://www.wsj.com/articles/price-of-good-economy-more-time-stuck-in-traffic-11566466206

    Like

  23. TwoLaine says:

    And these are the same people who consider themselves “highly educated”, and who also want their college loans forgiven. How much did that “education” set ya’ back?

    Like

    • Robert Smith says:

      It may be that due to poor choices in college they see the payback as minimal and want that mulligan on their loans. If they were banking money due to making good choices for their college and major they would just get on with it.

      Like

  24. Mike in a Truck says:

    I think politicians and “economists” know exactly how a free American economy works. That’s why they are against it. They are Bolsheviks and hate the exceptionalism of America. Or maybe they’re just stupid.Hard to tell.

    Like

  25. Doc says:

    First recession in history where more people are working, making more money, and saving more too.

    Liked by 4 people

  26. dufrst says:

    I’m sure Trump would love to do something about steel and aluminum that is still getting in because of the strong dollar (devaluation of yuan/yen/euro) from overseas. But politically, he doesn’t want to send the stock market down. That’s why he’s pushing the Fed to significantly lower rates because as he said, “we are competing” with Germany, China and Japan.

    If the Fed would lower rates, it would cut down on the currency advantage that China and Germany and Japan have created to support their exports. This would weakened the dollar enough to support domestic steel and aluminum production. But as Sundance said, it seems the Fed is doing the bidding of Wall Street instead of looking out for Main Street.

    Trump is looking out for Main Street and is demanding significant cuts in rates to close the gap with those exporting nations. If the Fed does not cut significantly by year’s end then I would not be surprised if Trump increases the tariffs. No choice!

    Liked by 3 people

  27. 335blues says:

    I agree. 40% tariffs on steel,
    and 25% across the board on everything else.

    Liked by 2 people

  28. Dennis says:

    Worst recession ever. Seriously.

    Like

  29. REPOST from YESTERDAY:
    That would be Foreign Currency Manipulation driving the dollar higher to NEUTER President Trump’s Tariffs on Steel and Aluminum.

    • RE: Dufrst: “That would be strong dollar hurting steel”

    • SUNDANCE: “… it might be a good recommendation for President Trump to raise the initial steel tariffs from 25% to 35-40% range.“
    👍🏼👍🏼👍🏼👍🏼👍🏼

    Liked by 1 person

  30. BigTalkers says:

    The Dems and their news organs don’t comprehend how ANY economy works, not just ours.

    (Much like their many other fantasies come to think about it.)

    Like

    • Dutchman says:

      Actually, I am of two minds on that. First position is they are clueless.
      Second is, they know,EXACTLY what PDJT is,doing, are adamant to stop it but are mostly clueless as to HOW.
      Not sure which version is correct, actually,…lol

      Like

      • Doppler says:

        Socialist policy wonks are like the guy who knows 50 different ways to pleasure a woman, but doesn’t know any women.

        Liked by 1 person

      • GB Bari says:

        There is a third option.

        They (all of the anti-Trump Globalist high rollers) know exactly what PDJT is doing and they know exactly how to stop it BUT…
        …. they don’t want to be exposed in the process (would cause them embarrassment and backlash) so they are trying to come up with an indirect way of causing the recession that can be “sold” to the low info voters as being caused by the President and that would last until the election.

        Like

        • Dutchman says:

          Every other country, or market is experiencing a ‘recession’ or slowdown. These people youvtalk about don’t literally have a Billion $’s, anymore than PDJT does. They own companies and assets worth billions, not the same thing.

          My point is, they would suffer more than JUST embarassment, backlash and as for exposure, they are already out there.

          So, my belief remains they want to create the ILLUSION of a recession, rather than an ACTUAL recession.

          They din’t want to kill the goose that lays the golden egg; just stick a little ground pepper under its beak, cause people to think its got the flu.

          In any case, I give their chances of success, giving the great,success of all their plans,so far, as slim and none.

          In fact, what they will probably end up doing (again, given previous track record) is impressing on even lo-info votrrs, just how robust and sustainable the “Trump economy” is.

          Good thing for them they don’t like guns, given their proclivity for shooting themselves in the foot, and “friendly fire” accidents.
          Anyway, we shall see. Certainly morals would be NO impediment to them doing what you say, but are they really willing to shut down the only game in town, out of SPITE, and when it will cost them trillions? I have my doubts,…

          Like

          • GB Bari says:

            I don’t know how anyone can fool people into believing there’s a recession for very long if the people are not seeing it in their own bank accounts. Remember that the anti Trumpers tried to convince America that the tax cuts of December 2017 were only for the rich. But middle class and blue collar Americans began commenting all over the internet by 2Q18 that THEY were seeing real improvements in their own financial situations. The fake narrative of the Left evaporated rather quickly.

            Billionaires can afford to “invest” (lose) hundreds of millions of dollars – even billions – if it means they can re-claim control of the “system.”

            That there are trillions at stake is literally true. A real recession – and remember that it doesn’t have to be sustained or very long to convince voters – won’t bankrupt or decimate the very wealthy globalists and financial centers of power. They likely feel that they can recover the “lost” money in a short while after regaining control.

            Like

            • Dutchman says:

              We will find out. I still think the most likely scenario is periodic repeats of what,we saw last week.
              Just as you say, the idiots TRIED to convince people the tax cuts were going to hurt them,..my libertard sistet was spitting mad, so I waited several months, then mansplained it to her, and she did a rosanna dana “Oh, well thats different! Never mind!”
              I have yet to see ONE of their plans work, since the ezcalator ride. They shoot themselves in the,foot, cut off their nose to spite their face, and lose more credibility every time.

              They are like the Father in Pleasantville, walking thru the house saying “Honey, I’m HOME!” and can’t understand why it doesn’t work, when its,ALWAYS worked, before.
              Hubris; they are a legend in their own minds, convinved they can tell any lie to American people, and they will believe.
              Its not working. But, I still don’t think their intention is to cause a recession, as much as convinced the gullible rubes there is a recession, while making $ by riding the dips.

              Like

  31. Bryan Alexander says:

    Remember that a bunch of RINO’s in the house, including The Speaker of the House, decided not to run in 2018. I believe they INTENTIONALLY threw the house of Representatives to the Democrats in order to get Trump out.

    Don’t think for a minute that Wall Street Multi-Nationalists won’t pull some financial shenanigans to make the economy unstable and appear to be in a recession, just so they can get Trump out of office. I fully believe that is where the “the economy is headed toward a recession” talk came from last week. That 800 point drop in in the DOW was a test run to see how easy it would be to tank the market.

    When “trillions are at stake”, a few million here or there create market chaos and economic instability is nothing.

    Liked by 4 people

    • svenwg says:

      A recession is technically defined as two quarters of negative growth. No matter what the MSM and Demoncraps do, it is very unlikely that they will be able to drop the GDP of the USA into negative territory between now and Election Day 2020, as there are really only four full quarters left and gdp is hovering around 3% for 2019.

      Liked by 1 person

  32. fangdog says:

    Joejamma, you nailed-it when to get back in the stock market I give you a tremendous lot of credit.

    Like

  33. Do stop thinking about tomorrow says:

    But But But we are in the midst of the Greater Recession of two or three years from now. Oh how the sky is falling. /s

    Like

  34. President Trump is OPENING NEW HORIZONS for INMATES:
    [Scuttlebutt relayed to me from Prison Insiders]

    • Citizen Inmates are SHOCKED that they could now get $15 Minimum Wage Jobs
    … and that many Manual-Labor Jobs start at $25.

    • They’re ALL talking WORK they’ll be doing WHEN THEY GET OUT.

    • They’re saying there’s NO MONEY anymore in DRUGS
    … with middle-men squeezing margins down to 10%.

    • Inmate Illegals are talking WORK they’ll be doing WHEN THEY GET DEPORTED
    … as POTUS WIPES OUT options for ENTRY, for RELEASE and for WORK.

    Liked by 2 people

  35. redline says:

    “…raise the initial steel tariffs from 25% to 35-40% range.”

    Absolutely. And promise Xi another 10% for his Chinese New Year’s present if he does not find his sense of reason by then.

    Gong hei fat choy, ya Rat!

    Like

  36. Mr. T. says:

    I’ve seen a lot of things in my lifetime so far, some bad and some good. Politicians, economists, Wall St., and creeps like Bill Maher, all hoping our economy tanks and we go into a recession really takes the cake. These were pretty much the same Dooms Day losers who said our country could experience a depression if Donald Trump was elected and after he was, that it wouldn’t be long after he takes office that this country’s economy would tank. We have seen NONE OF THAT!

    Yesterday, I saw a poll that showed a 62 percent disapproval rating for the job POTUS was doing. Really? Who did they poll, the illegal aliens in confinement at an ICE facility? Seriously, do they really expect us to believe that rubbish? Same bunch of misfits who swore Hildabeast was going to win by a landslide. Perhaps they should all go back and watch their newscasts shot during the early morning hours of November 9th, 2016, after Donald Trump was declared the winner of the presidential race. It might help remind them that they don’t control We, The People, or our elections. We have shown our disdain for the MSM. Lots more to watch on TV than a bunch of liars who wouldn’t know the truth if it walked up and slapped them in their faces.

    Like

  37. Lying porpaganda mainstream media Rat’s nothing But fake news about Recession,now accuseing President Trump for Recssion what Damn Big BS,

    Like

  38. Brian L says:

    We’re fully staffed at our shipping facility for the first time since it opened. We no longer keep people around just to have bodies, we actually fire bad workers now.

    Like

  39. ladypenquin says:

    Amazing how Reuters can make the decline in unemployment claims sound like a “bad” thing.
    Sick Lefties.

    Like

    • fangdog says:

      Lefties are creatures of misery. Without misery Lefties feel insecure having little self-worth and purpose. Lefties only wish for what is bad for America because it gives their convoluted minds reason to whine and subvert. Lefties are what God intended to be Devils but somehow ended-up Democrats.

      Like

      • ladypenquin says:

        Very good description of Democrats. Hadn’t quite heard it put like that. 🙂 I do think that the Dem party especially attracts the deranged and demented, and a certain personality type.

        Like

        • fangdog says:

          What is encouraging more and more people as yourself are becoming aware of this fact about Democrats. When it comes to Democrats, more people are starting to believe what they see instead of seeing what they believe. Common sense tells you democrats are not marching to the beat of a sane drummer.

          Like

  40. CountryClassVulgarian says:

    It never ceases to amaze me how many economic activities/outcomes are “unexpected” to the morons who prognosticate and get on television and pretend they know a damn thing about anything. I doubt these a&&es know how to go to bathroom without hurting themselves..

    Like

  41. MattyIce says:

    I’ve never known an economically independent US at 44 yrs old, I’m beyond excited for the possibilities!

    Like

  42. Rynn69 says:

    I just want to continue to thank Sundance for the economic (MAGANOMICS) updates in all areas . . . trade/tariffs, employment, de-globalization, summits, CoC subversive tactics, Big Picture stuff.

    If you are new to CTH, this is the place to get soup-to-nuts reality. Articles are detailed, but with a clear message that is easy to follow. Good flow. Many thanks again, SD.

    Like

  43. hooligan says:

    The talking heads and economists outside the US and who follow the narrative put out by suprnationals like the IMF, say that global growth is slowing. This slowdown applies to Germany and China in particular – the two countries that have the largest trade surpluses with the US.
    The US economy is growing at between 2 and 4%, an increase of 1-2% compared to the track under Obama of 1-3%.
    What we are seeing in terms of a “global slowdown, is nothing of the sort. It represents a rebalancing away from Germany and China and back to the US because of Trumps policies.
    Global output is around 80 trillion. For it to grow 2%, there needs to be an increase in output of 1.6 trillion dollars. The US economy has grown to over 21.3 trillion, from 19.0 trillion for 4q2016. (https://fred.stlouisfed.org/series/GDP . That 2.3 trillion increase is at the expense of Germany and China and is simply a switch in job creation, producitivity and gorwth to the US.
    most all the MSM will not report this, neither will it report that the american economy is just as entitied to growth as the non-US global economy, but that past trade policies allowed non-US global growth at the expense of the growth in the US economy.

    Like

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