Originally Posted by
FangsF15
You serious, Clark?
Inflation is way down to under 3% from a high of 8%, unemployment is almost down to 4% (which is considered 'full employment'), new investment pledges (yes, only pledges) in the US is in the tens of Trillions, Interest rates are coming down to a more reasonable level (after choking the economy), consumer confidence is strong. Despite some chicken littles around here, Tarrifs have not crashed the economy, nor have we parked airplanes or furloughed anyone here.
As a company, DL currently has over half the industry's profits, was on the high side of forward guidance today, is looking to grow at a solid 3-4%, and Profit Sharing is on par with last year (and in total dollar amount, will almost reach 2019 levels). Ed was very bullish in today's Town Hall.
And yes, equity markets are NOT the economy (nor were they in the last admin), but they are at all time highs right now...
I'm not saying it is nothing but roses, but to sarcastically scoff the economy as not being in sold shape is way off base, or looking through the world through brown colored classes. Or something. Please, point me to some actual data (not doom and gloom predictions) supporting this claim. Because I don't see it.
To others wanting to reply, keep this stuff factual and non partisan.
Regarding inflation.
Last 4 months of 2024:
2.4
2.6
2.7
2.9
Last 4 months ending in August.
2.4
2.7
2.7
2.9
Essentially identical.
If AI data center related inputs are removed, GDP growth the first 6 months of 2025 was 0.1%. (on an annualized basis)
From April to July the USA shed over 10,000 manufacturing jobs.
The prelim numbers for August that caused such a stir had a significant item. 148% of the job growth came from Health Care. In other words, the economy is losing jobs, other than health care. Though profoundly important, health care drains money from the rest of the economy. This isn't where a nation wants to spend its money.
The chicken littles are the only ones who have a clue.