IDBillzFan Posted September 10, 2019 Share Posted September 10, 2019 18 hours ago, Koko78 said: Hey now, just because he didn't bother to read the playbook that one time... Just because OJ had ONE BAD DAY.... Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 10, 2019 Share Posted September 10, 2019 Link to comment Share on other sites More sharing options...
RochesterRob Posted September 10, 2019 Share Posted September 10, 2019 2 hours ago, ALF said: Ford debt has been downgraded to junk https://www.cnn.com/2019/09/10/business/ford-downgrade-junk/index.html hmmm The automotive industry has had more downs than ups over its history and seldom has there been a tie to who was sitting in the White House. The business model has been terrible as of late with leasing intended to reach those who would have never been in a position to acquire a new vehicle even if on a temporary basis. Now the auto builders are seeing a build up of lease returns that need to be sold so that puts pressure on new vehicle sales. Link to comment Share on other sites More sharing options...
Koko78 Posted September 10, 2019 Share Posted September 10, 2019 1 hour ago, IDBillzFan said: Just because OJ had ONE BAD DAY.... Well, it's not like anyone died... oh wait. Link to comment Share on other sites More sharing options...
row_33 Posted September 10, 2019 Share Posted September 10, 2019 i think OJ has a LOT of bad days in that marriage Link to comment Share on other sites More sharing options...
keepthefaith Posted September 10, 2019 Share Posted September 10, 2019 (edited) 5 hours ago, ALF said: Ford debt has been downgraded to junk https://www.cnn.com/2019/09/10/business/ford-downgrade-junk/index.html hmmm Well, Ford has had 4+ straight years of increasing revenue but decreased earnings recently due mostly to overseas losses and some materials cost increases. They cut a lot of heads this year, slashed overseas workforces and facilities, re-organized the engineering group in Dearborn and they have a lot of new vehicles just or soon to be introduced which include the 2020 Explorer and Escape and Transit van. The 2019 Ranger pickup is selling extremely well. 2021 they will begin to sell the new Bronco and there are others including more hybrids and electrics coming. Moody's IMO is late to expressing concern. Ford's made a ton of changes which should help financially next year. The auto industry though will see declining sales overall if/when the economy flattens out or recesses. Edited September 10, 2019 by keepthefaith 2 Link to comment Share on other sites More sharing options...
DC Tom Posted September 10, 2019 Share Posted September 10, 2019 6 hours ago, ALF said: Ford debt has been downgraded to junk https://www.cnn.com/2019/09/10/business/ford-downgrade-junk/index.html hmmm Yeah...but it's less "Pinto" than "Escort." Link to comment Share on other sites More sharing options...
row_33 Posted September 11, 2019 Share Posted September 11, 2019 (edited) is today the 27,000 day on the DJIA? still waiting for the big boys to take their slice for their enjoyment during this incredible Trumpian growth. usually done every 5-6 years, union pension funds are never on top of this put it in cash if you can't withstand the plunge.... thank me later Edited September 11, 2019 by row_33 Link to comment Share on other sites More sharing options...
B-Man Posted September 12, 2019 Share Posted September 12, 2019 It's not the tax cuts. It's the spending. Why Did the Deficit Just Top $1 Trillion? Here’s Another Clue For You All Original Article Link to comment Share on other sites More sharing options...
ALF Posted September 12, 2019 Share Posted September 12, 2019 (edited) 6 hours ago, B-Man said: It's not the tax cuts. It's the spending Who is spending ? All of Congress first 2 years ( R ) and WH all. The US deficit topped $1 trillion. The year's not even over yet Washington (CNN Business)The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday. The current shortfall exceeds the full-year deficit for fiscal 2018, which was $898 billion. President Donald Trump, who promised during the 2016 campaign to eliminate the federal debt, has instead overseen a dramatic increase in deficits. https://www.cnn.com/2019/09/12/business/us-federal-deficit-august/index.html Did Trump ever veto a budget? Edited September 12, 2019 by ALF Link to comment Share on other sites More sharing options...
jrober38 Posted September 13, 2019 Share Posted September 13, 2019 (edited) 1 hour ago, ALF said: Who is spending ? All of Congress first 2 years ( R ) and WH all. The US deficit topped $1 trillion. The year's not even over yet Washington (CNN Business)The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday. The current shortfall exceeds the full-year deficit for fiscal 2018, which was $898 billion. President Donald Trump, who promised during the 2016 campaign to eliminate the federal debt, has instead overseen a dramatic increase in deficits. https://www.cnn.com/2019/09/12/business/us-federal-deficit-august/index.html Did Trump ever veto a budget? The US is going to be in major trouble them the economy inevitably slows down and revenues fall. Edited September 13, 2019 by jrober38 1 Link to comment Share on other sites More sharing options...
keepthefaith Posted September 13, 2019 Share Posted September 13, 2019 33 minutes ago, jrober38 said: The US is going to be in major trouble them the economy inevitably slows down and revenues fall. Yes, I've been saying this. Spending will continue to rise, revenues fall some during an economic pullback and then all of the sudden there will be re-newed concern for debt which erodes confidence among consumers, the financial markets and debt holders present and future. Link to comment Share on other sites More sharing options...
jrober38 Posted September 13, 2019 Share Posted September 13, 2019 (edited) 12 hours ago, keepthefaith said: Yes, I've been saying this. Spending will continue to rise, revenues fall some during an economic pullback and then all of the sudden there will be re-newed concern for debt which erodes confidence among consumers, the financial markets and debt holders present and future. Exactly. This seems to be setting things up for another disaster. If the deficit is currently $1.1 trillion, in a recession, unless spending is drastically cut (which would further reduce GPD growth), the deficit could balloon to $1.4, maybe $1.5 trillion without factoring in any stimulus. In my estimation, the Fed isn't being aggressive reducing interest rates, because if they do that now and the economy falls into a recession in a couple years, they'll have zero tool available to them to stimulate the economy when the time comes. What Trump has done with the economy has been extremely reckless. Ballooning the deficit, and ramping up military spending at a time when the US isn't at war with anyone while reducing taxes. When the economy is great, countries should get their house in order, and start paying off their debt. The US has done the exact opposite under Trump. It's like they just had their best year ever due to performance related bonuses at their job, and instead of saving money, they moved into the house they previously couldn't afford and leased a couple cars they didn't need. When the business cycle changes, and revenues fall, the US will be in a terrible situation where they'll have to slash spending, or raise taxes, at a time that it would further damage the economy. There's a reason 30 year treasuries have dipped below the 2 year multiple times over the past couple months. The smart money knows what's going to happen. Edited September 13, 2019 by jrober38 Link to comment Share on other sites More sharing options...
B-Man Posted September 13, 2019 Share Posted September 13, 2019 You know what wasn't a topic at last night's Democrat debate ? THE ECONOMY. Wonder why? by Glenn Reynolds Link to comment Share on other sites More sharing options...
Warren Zevon Posted September 13, 2019 Share Posted September 13, 2019 8 minutes ago, B-Man said: You know what wasn't a topic at last night's Democrat debate ? THE ECONOMY. Wonder why? by Glenn Reynolds Fascinating Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 13, 2019 Share Posted September 13, 2019 2 Link to comment Share on other sites More sharing options...
Hedge Posted September 13, 2019 Share Posted September 13, 2019 4 minutes ago, Deranged Rhino said: During a trade war is a bad time for swine fever to make China's pork prices go haywire. One less lever for them to pull. 2 Link to comment Share on other sites More sharing options...
B-Man Posted September 13, 2019 Share Posted September 13, 2019 13 minutes ago, Deranged Rhino said: Wait................. Pork AND Beans ? Yum. . 4 Link to comment Share on other sites More sharing options...
Tiberius Posted September 16, 2019 Share Posted September 16, 2019 Oil prices spike 12% Link to comment Share on other sites More sharing options...
Chef Jim Posted September 16, 2019 Share Posted September 16, 2019 2 hours ago, Tiberius said: Oil prices spike 12% And this has to do what exactly with Trump?? Link to comment Share on other sites More sharing options...
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