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re: Economic growth is close to zero for the fourth quarter, according to Fed gauges

Posted on 11/16/19 at 8:06 am to
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 11/16/19 at 8:06 am to
quote:

Will we're headed for recession. Have been for almost half the year. At least according to the MSM.


We’re in a recession in certain sectors such as manufacturing.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 11/16/19 at 8:11 am to
Dude, you have been talking the economy and this market down for damn near a year now. You have been dead wrong. You couldn't possibly have been any more wrong.
Posted by FLTech
Member since Sep 2017
25312 posts
Posted on 11/16/19 at 8:14 am to
I agree.. I cannot find decent quality of workers. Our competitors in the same area are paying field techs $15.00/hour, I am paying field techs $28-$35/ and nobody is biting
Posted by Barstools
Atlanta
Member since Jan 2016
11309 posts
Posted on 11/16/19 at 8:16 am to
Well we had the largest job growth in the manufacturing sector since the 60's. Guess it couldn't keep going forever.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 11/16/19 at 9:15 am to
quote:

Well we had the largest job growth in the manufacturing sector since the 60's. Guess it couldn't keep going forever.


Job growth should = GDP growth but in this instance it didn’t due to the appreciation of the USD killing our exports
Posted by JohnnyU
Florida
Member since Nov 2006
12540 posts
Posted on 11/16/19 at 9:36 am to
quote:

Everyone aside from Trump, Mnuchin, and I are celebrating how strong the USD is.


Trump has the economic IQ of a toad.
Posted by narddogg81
Vancouver
Member since Jan 2012
21925 posts
Posted on 11/16/19 at 10:01 am to
It will be above 2%
Posted by LSURussian
Member since Feb 2005
133711 posts
Posted on 11/16/19 at 10:23 am to
quote:

Everyone aside from Trump, Mnuchin, and I are celebrating how strong the USD is. Until we depreciate the USD to make it competitive in exports our GDP growth is going to suffer. How only the three of us understand this baffles my mind.
What should we do to weaken the dollar?
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 11/16/19 at 10:31 am to
quote:

What should we do to weaken the dollar?


The Fed needs to conduct open market purchases and increase the money supply obviously.
Posted by WestSideTiger
Baton Rouge
Member since Jan 2004
4931 posts
Posted on 11/16/19 at 10:40 am to
Growth targets are foolish. The goal should be to reach the highest growth that the Fed will allow.

Posted by Barstools
Atlanta
Member since Jan 2016
11309 posts
Posted on 11/16/19 at 10:46 am to
If the growth rate in the 4th quarter is close to zero, by definition, it isn't in a recession. Takes 2 quarters of negative growth.

Also, the point was, as fast as the manufacturing sector grew from 2016 to present, it's not exactly shocking to see the growth go down some.

This post was edited on 11/16/19 at 10:47 am
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 11/16/19 at 10:57 am to
quote:

What do you think drives that DOW record?
This post was edited on 11/16/19 at 11:01 am
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11873 posts
Posted on 11/16/19 at 11:32 am to
M2

Federal Reserve Assets

Bro, they are literally doing both as we speak. The Asset Purchases are just not "targeting asset price appreciation" and instead their trying to control repo rates. You are ignoring $100B almost daily in cash injections from the FOMC to ease markets into the global contraction.

Posted by LSURussian
Member since Feb 2005
133711 posts
Posted on 11/16/19 at 11:41 am to
quote:

The Fed needs to conduct open market purchases and increase the money supply obviously.



United States Money Supply M2



As an aside to this, the Fed's balance sheet is actually expanding since July. That means the Fed is buying securities in the open market.



What other useless buzz-word crap ya’ gonna spew??
Posted by Powerman
Member since Jan 2004
170790 posts
Posted on 11/16/19 at 11:43 am to
quote:

LSURussian

I always enjoy when you chime in on the monetary policy threads

Posted by BurningHeart
Member since Jan 2017
9970 posts
Posted on 11/16/19 at 11:52 am to
quote:

Until we depreciate the USD to make it competitive in exports our GDP growth is going to suffer.


You do realize we are an import economy, not an export?
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 11/16/19 at 3:23 pm to
quote:

You do realize we are an import economy, not an export?


We could be a net exporter if the fed understood how they have overvalued the USD.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 11/16/19 at 3:26 pm to
Of course they are conducting open market purchases they just lowered the FFR. Do you not understand how that works? They need to do much more. We should be at 0% or lower right now to remain competitive in the export markets.
Posted by LSURussian
Member since Feb 2005
133711 posts
Posted on 11/16/19 at 3:29 pm to
quote:

The Fed needs to conduct open market purchases and increase the money supply obviously.
quote:

Of course they are conducting open market purchases
Posted by BurningHeart
Member since Jan 2017
9970 posts
Posted on 11/16/19 at 7:03 pm to
quote:

We could be a net exporter if the fed understood how they have overvalued the USD.


Uh no.

What do you want the Fed to do? Back down to 0% and QE?
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