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The Trump Economy


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9 minutes ago, row_33 said:

 

what has been the recent number and what has been seen as acceptable recently?

 

The average was 2.2% over the previous 5 years.  Would you like to ask what you're really trying to get at?

As I"ve said many times here, his policies of tax cuts and spending increases helped last year, and I expected it to be a little better than it was.  This year I expect it will be closer to 2.5%; however, the first quarter looks like it will be closer to 2%.

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This economy is moving ahead in spite of Trump's irrational and uninformed policies: 

 

 

Quote

 

A confidential government report has provided President Donald Trump with a legal rationale to impose heavy new tariffs on foreign cars as soon as this spring, a prospect fiercely opposed by White House officials and congressional Republicans alarmed by its enormous economic and political stakes.

The Commerce Department submitted the report to the White House in mid-February, triggering a 90-day period for Trump to decide whether to impose tariffs, which could reach as high as 25 percent, on imported autos. It concluded that Trump could justify the tariffs on national security grounds and offered a range of options in response — putting the decision in the president’s hands, four people familiar with its conclusions told POLITICO.

 


 

Just stupid 
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6 minutes ago, Tiberius said:

This economy is moving ahead in spite of Trump's irrational and uninformed policies: 

 

 

Just stupid 

Yea....it would be WAY BETTER if the genius Obama was still running things. Nothing like a commitment to mediocrity. I miss those days.

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4 minutes ago, SoCal Deek said:

Yea....it would be WAY BETTER if the genius Obama was still running things. Nothing like a commitment to mediocrity. I miss those days.

Obama was/is light years ahead of this clown in integrity, intelligence and just being a decent human. You'd really have to be brain damaged to say otherwise. 

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relevant to the discussion between Joe and GG.

 

JPMorgan agrees $13 billion settlement with U.S. over bad mortgages

... JPMorgan finally took its punishment on Tuesday, agreeing to a $13 billion settlement with the U.S. government to settle charges that the bank overstated the quality of mortgages it was selling to investors in the run-up to the financial crisis.

 

The Department of Justice trumpeted its settlement as a big step toward holding banks accountable for their behavior before the financial crisis.

 

The behavior that the largest U.S. bank admitted to, authorities said, is at the heart of what inflated the housing bubble: lenders making bad mortgages and selling them to investors who thought they were relatively safe. When the loans started turning bad, investors lost faith in the banking system, and a housing crisis turned into a financial crisis.

 

The Justice Department said in its statement that JPMorgan acknowledged it had regularly and knowingly sold mortgages to investors that should have never been sold.

 

But JPMorgan’s Chief Financial Officer, speaking on a conference call, said the bank had not admitted to violating any laws. CFO Marianne Lake added that the facts the bank admitted to did not leave it vulnerable in other litigation.

 

In other words, the bank and the government did not agree about what they had agreed to in the settlement, capping weeks of squabbling over the terms of the deal.

 

At issue in Tuesday’s settlement was the long chain of companies between lenders giving mortgages to consumers during the mortgage bubble and the investors that ultimately forked over the money to fund the loans. Often smaller lenders would make subprime mortgage loans, and sell them to a bank, which would package loans into bonds, and in turn sell them to investors.

 

With so many middlemen, investors had poor information about what they were buying, and capital flowed to loans that arguably should never have been made. ...

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51 minutes ago, Foxx said:

relevant to the discussion between Joe and GG.

 

JPMorgan agrees $13 billion settlement with U.S. over bad mortgages

... JPMorgan finally took its punishment on Tuesday, agreeing to a $13 billion settlement with the U.S. government to settle charges that the bank overstated the quality of mortgages it was selling to investors in the run-up to the financial crisis.

 

The Department of Justice trumpeted its settlement as a big step toward holding banks accountable for their behavior before the financial crisis.

 

The behavior that the largest U.S. bank admitted to, authorities said, is at the heart of what inflated the housing bubble: lenders making bad mortgages and selling them to investors who thought they were relatively safe. When the loans started turning bad, investors lost faith in the banking system, and a housing crisis turned into a financial crisis.

 

The Justice Department said in its statement that JPMorgan acknowledged it had regularly and knowingly sold mortgages to investors that should have never been sold.

 

But JPMorgan’s Chief Financial Officer, speaking on a conference call, said the bank had not admitted to violating any laws. CFO Marianne Lake added that the facts the bank admitted to did not leave it vulnerable in other litigation.

 

In other words, the bank and the government did not agree about what they had agreed to in the settlement, capping weeks of squabbling over the terms of the deal.

 

At issue in Tuesday’s settlement was the long chain of companies between lenders giving mortgages to consumers during the mortgage bubble and the investors that ultimately forked over the money to fund the loans. Often smaller lenders would make subprime mortgage loans, and sell them to a bank, which would package loans into bonds, and in turn sell them to investors.

 

With so many middlemen, investors had poor information about what they were buying, and capital flowed to loans that arguably should never have been made. ...

JPMorgan, don't think I'd want to work for them....

http://wallstreetonparade.com/2019/03/jpmorgan-managing-director-dies-suddenly-has-links-to-other-jpm-deaths/

 

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4 hours ago, Tiberius said:

Obama was/is light years ahead of this clown in integrity, intelligence and just being a decent human. You'd really have to be brain damaged to say otherwise. 

If by this you mean getting it from Rahm Emmanuel in a gay bathhouse in Chicago while marrying a transvestite and faking two kids then, yeah.

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2 hours ago, DC Tom said:

 

Racist

 

Last week a customer came into the office, someone I know to some degree.  He's African American.  I greeted him and asked him "how are you"?  He responded "tall and black".  He recognized that for a brief moment I wasn't sure how to respond so he started to laugh.  Good moment. 

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