plenzmd1 Posted December 13, 2018 Share Posted December 13, 2018 23 minutes ago, GG said: I have a stinking suspicion he's referring to a report released a while sago, not "recently" it wss from a report dated 12/12/18..Moodys is not gospel now either Link to comment Share on other sites More sharing options...
IDBillzFan Posted December 13, 2018 Share Posted December 13, 2018 1 hour ago, plenzmd1 said: do you really think she can comprehend the idea of a deficit? And the impacts? All someone else money She reminds me of Emily Litella. "I don't understand what all this hubub is about with youth in Asia. Why would anyone have a problem with youth in Asia?" Link to comment Share on other sites More sharing options...
GG Posted December 13, 2018 Author Share Posted December 13, 2018 56 minutes ago, plenzmd1 said: it wss from a report dated 12/12/18..Moodys is not gospel now either You don't happen to have a link? It's not like the rating agencies haven't been wrong before Link to comment Share on other sites More sharing options...
3rdnlng Posted December 13, 2018 Share Posted December 13, 2018 17 minutes ago, LABillzFan said: She reminds me of Emily Litella. "I don't understand what all this hubub is about with youth in Asia. Why would anyone have a problem with youth in Asia?" It's a self of steam thing. Link to comment Share on other sites More sharing options...
IDBillzFan Posted December 13, 2018 Share Posted December 13, 2018 44 minutes ago, 3rdnlng said: It's a self of steam thing. As long as we protect our natural race horses and endangered feces! Link to comment Share on other sites More sharing options...
Chef Jim Posted December 13, 2018 Share Posted December 13, 2018 2 minutes ago, LABillzFan said: As long as we protect our natural race horses and endangered feces! Why on earth are you looking at protecting constipation?? Link to comment Share on other sites More sharing options...
3rdnlng Posted December 13, 2018 Share Posted December 13, 2018 3 minutes ago, LABillzFan said: As long as we protect our natural race horses and endangered feces! You should be lamb basted for that. Link to comment Share on other sites More sharing options...
plenzmd1 Posted December 13, 2018 Share Posted December 13, 2018 52 minutes ago, GG said: You don't happen to have a link? It's not like the rating agencies haven't been wrong before Its here..but it is behind a paywall https://www.moodys.com/credit-ratings/United-States-of-America-Government-of-credit-rating-790575 Link to comment Share on other sites More sharing options...
TPS Posted December 13, 2018 Share Posted December 13, 2018 2 hours ago, GG said: I have a stinking suspicion he's referring to a report released a while sago, not "recently" Seems it's right in line with the majority of analysts regarding current and future deficits, mine included... Link to comment Share on other sites More sharing options...
GG Posted December 13, 2018 Author Share Posted December 13, 2018 38 minutes ago, plenzmd1 said: Its here..but it is behind a paywall https://www.moodys.com/credit-ratings/United-States-of-America-Government-of-credit-rating-790575 Thx, I'll see if I can dig up the doc. I have a feeling he played with the words to fit his article. Link to comment Share on other sites More sharing options...
billsfan89 Posted December 13, 2018 Share Posted December 13, 2018 4 hours ago, plenzmd1 said: https://www.yahoo.com/finance/news/trump-tax-cuts-putting-america-203051912.html Hard to know which one to believe..the economy is booming...or we are going to hell in a hand basket as Trump just juiced and economy that was already rolling, and the high from that sugar rush is coming crashing down now The economy grew at a robust 4.2% in the second quarter, the highest level since 2014. But Moody’s Analytics predicts growth of just 2.9% for all of 2018, and 2019 as well. It will then fall to 0.9%, according to the forecasting firm. If so, economic growth under Trump would average just 2.2% per year, almost exactly the same as during President Obama’s second term. The United States’ fiscal strength is set to gradually decline from 2019 onward,” Moody’s Analysts wrote in the report. “A persistent widening of fiscal deficits will push the federal debt and interest burdens to historic levels, which will ultimately weigh on the sovereign credit profile.” Personally my read on the situation is that the economy for the middle class has not improved since the 1970's. In the 1980's Reagan cut taxes and didn't cut spending. He got the top end of the economy going but the manufacturing base and middle class didn't see much overall benefit, wages stagnated. The best thing Reagan did was pursue cutting inflation which did stabilize things for your average consumer but beyond that the economy in the middle started to erode. In the 1990's Clinton raised taxes moderately but continued on the deregulation and free trade path in order to be a centrist. The economy at the top flourished but the middle class and wages did not see much benefit. Bush II cut taxes and continued with deregulation and it led to a nice sugar high where once again people at the top got rich but manufacturing and middle class wages went down. Then after the Bush years the economy hit the biggest recession in generations and Obama pushed through new deficit spending (Bush also bailed out the banks) at the same time the fed flooded the market with cheap money (QE) and low interest. It stopped the bleeding and thanks to cheap money and low interest for years the economy at the top got going but wages kept stagnating and manufacturing and middle class jobs didn't grow enough. Now Trump pumped in some tax cuts and deregulation and its taken a top of an economy that was doing good and juiced it up. But its just not resonating with the average middle class American and the policies aren't addressing longer term needs (Education, Infrastructure, Healthcare, and Energy.) The tax cuts sugar high should continue in 2019 but in 2020 and certainly by 2021 the economy will hit a recession and the fed will not only have to cut rates but it will also have to do QE again. And honestly that might not be enough to stop the bleeding. 1 Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted December 13, 2018 Share Posted December 13, 2018 We knew this buy was coming... CNN is terrible. Link to comment Share on other sites More sharing options...
3rdnlng Posted December 13, 2018 Share Posted December 13, 2018 26 minutes ago, Buffalo_Gal said: We knew this buy was coming... CNN is terrible. China had expectations that they were going to be able to get enough soybeans from Argentina to replace soybeans from the U.S. While Argentina had a record crop they were never going to replace all the U.S. soybeans. Placing higher tariffs on our soybeans would be like taxing themselves. They need us. Link to comment Share on other sites More sharing options...
/dev/null Posted December 13, 2018 Share Posted December 13, 2018 34 minutes ago, Buffalo_Gal said: We knew this buy was coming... CNN is terrible. Trump sells american soy to china to make soy milk for ice cream to make Trump's second scoop Link to comment Share on other sites More sharing options...
DC Tom Posted December 14, 2018 Share Posted December 14, 2018 2 hours ago, Buffalo_Gal said: We knew this buy was coming... CNN is terrible. Not true, CNN reported it: New soybean orders from China aren't showing up in trade data -- yet "China didn't buy soybeans before today, there's no proof they did today because it's not in the government data, so it could be a lie." They went way the hell out of their way to make the story as negative as they possibly could. Only thing they didn't do is report "Trump caves, allows soybean sales to China." Link to comment Share on other sites More sharing options...
TH3 Posted December 14, 2018 Share Posted December 14, 2018 (edited) 2 hours ago, Buffalo_Gal said: We knew this buy was coming... CNN is terrible. Tyler Zed huh? I missed his teachings at Grad School....Did T-Zed mention that China used to buy 6 million tons a month....before Tariff man hit ....they have committed to buy 1.3 million tons at around $7 per unit vs $10 last year during ....order due 1q 2019.....low price due to massive stockpiles .....prices likely won’t bounce back till 2020..... The winning....TZED? Google is your friend Edited December 14, 2018 by TH3 Link to comment Share on other sites More sharing options...
3rdnlng Posted December 14, 2018 Share Posted December 14, 2018 Well Baskin, Argentina had a record crop so the supply is bigger than the demand, at least temporarily. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted December 14, 2018 Share Posted December 14, 2018 1 hour ago, TH3 said: Google is your friend It's not. If you've learned nothing else the past two years, this should be the primary lesson. 1 Link to comment Share on other sites More sharing options...
DC Tom Posted December 14, 2018 Share Posted December 14, 2018 1 hour ago, TH3 said: Tyler Zed huh? I missed his teachings at Grad School....Did T-Zed mention that China used to buy 6 million tons a month....before Tariff man hit ....they have committed to buy 1.3 million tons at around $7 per unit vs $10 last year during ....order due 1q 2019.....low price due to massive stockpiles .....prices likely won’t bounce back till 2020..... The winning....TZED? Google is your friend Shouldn't you be on the air right now, Mr. Lemon? 1 Link to comment Share on other sites More sharing options...
Deranged Rhino Posted December 14, 2018 Share Posted December 14, 2018 1 Link to comment Share on other sites More sharing options...
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