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  1. #321
    Supporting Member Masterofreality's Avatar
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    Quote Originally Posted by ArizonaXUGrad View Post
    Except, net wage growth over inflation isn't. It's a tired argument, when you inherit a clunker and hand off reliable vehicle that it pretty good.
    Let’s revisit shall we? Today’s stats:
    Net Wage growth last 12 months 3.1% plus
    Inflation last 12 months 1.9%.
    Ummmmm........

    By the way. The Market was at 18,322 when Trump was elected. It’s at 23,000 today even figuring in the recent volatility.
    Best Christmas spending for 6 years. With Barry economic growth was barely nudging 2% at the end. Now it is constantly 3.5-4%.
    More like handing a sputtering vehicle over to pro mechanics and it getting a much needed tune up.
    Last edited by Masterofreality; 12-27-2018 at 02:53 PM.
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  2. #322
    Quote Originally Posted by Masterofreality View Post
    Let’s revisit shall we? Today’s stats:
    Net Wage growth last 12 months 3.1% plus
    Inflation last 12 months 1.9%.
    Ummmmm........

    By the way. The Market was at 18,322 when Trump was elected. It’s at 23,000 today even figuring in the recent volatility.
    Best Christmas spending for 6 years. With Barry economic growth was barely nudging 2% at the end. Now it is constantly 3.5-4%.
    More like handing a sputtering vehicle over to pro mechanics and it getting a much needed tune up.
    I can play this game, what was it at the end of 2018 and the end of 2019. There you have a direct comparison of before and after tax breaks. Here is a hint, it's in the red.

    Next, do you consider 1.2% wage growth something to celebrate? I don't, but hey what person making $100k doesn't celebrate $50/paycheck. That is your pump fill up for the week, well not both weeks on average but one of those weeks at least. GDP growth hit a best 2.9% for Obama a few years ago. Trump has a 2.2% and probably around 3% for 2018. Even conservative Forbes is estimated 2019 at under 2%.

  3. #323
    Supporting Member xudash's Avatar
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    Quote Originally Posted by Masterofreality View Post
    Let’s revisit shall we? Today’s stats:
    Net Wage growth last 12 months 3.1% plus
    Inflation last 12 months 1.9%.
    Ummmmm........

    By the way. The Market was at 18,322 when Trump was elected. It’s at 23,000 today even figuring in the recent volatility.
    Best Christmas spending for 6 years. With Barry economic growth was barely nudging 2% at the end. Now it is constantly 3.5-4%.
    More like handing a sputtering vehicle over to pro mechanics and it getting a much needed tune up.
    It's pretty brutal when the Left still holds onto the idea that a community organizer from Chicago who never made a payroll actually added value to the economic proceedings during his administration, as opposed to the reality that his regulatory policies, budget failures and other stupidities dropped a wet blanket on the economy.
    X A V I E R

  4. #324
    Quote Originally Posted by xudash View Post
    It's pretty brutal when the Left still holds onto the idea that a community organizer from Chicago who never made a payroll actually added value to the economic proceedings during his administration, as opposed to the reality that his regulatory policies, budget failures and other stupidities dropped a wet blanket on the economy.
    Yet you love Trump? The “business” guy who ran a casino into the ground, created a fraudulent university, and a fake charity.

    Once again, two can play this.


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  5. #325
    Supporting Member bobbiemcgee's Avatar
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    Not to mention filed 4 bankruptcies and stiffed all his bondholders for billions.
    2023 Sweet 16

  6. #326
    Supporting Member noteggs's Avatar
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    I see how you guys are, I open up the message board and see nothing new on the political thread. Hmm...

    Then wonder onto this thread and “whoomp there it is.” Sorry just watched Elf.

    Trying to keep a man down on his thoughts? :)

  7. #327
    Supporting Member bobbiemcgee's Avatar
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    Quote Originally Posted by vee4xu View Post
    The real world definition of market volatility over two trading days.

    December 24 - largest ever drop on Christmas Eve and market hits correction territory.

    December 26 - largest ever one day gain and market leaves correction territory.

    That my friends is one wild ass ride over two days.
    As Doc Link once told me …."Stocks Flucuate"
    2023 Sweet 16

  8. #328
    Supporting Member Masterofreality's Avatar
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    Quote Originally Posted by ArizonaXUGrad View Post
    Next, do you consider 1.2% wage growth something to celebrate? I don't, but hey what person making $100k doesn't celebrate $50/paycheck. That is your pump fill up for the week, well not both weeks on average but one of those weeks at least. GDP growth hit a best 2.9% for Obama a few years ago. Trump has a 2.2% and probably around 3% for 2018. Even conservative Forbes is estimated 2019 at under 2%.
    Can you not read? 3.1% net wage growth in the last 12 months.
    Oh. Want something more recent that covers what’s happened since the Tax cuts? How about a 4.0% weighted increase and 3.9% unweighted wage increase? Source? The US Fed itself. Can’t hide from that. See the screenshot below.
    D0F19799-406F-4068-85A9-A582BE6F9B9C.jpg
    And please cite what week, or day or for what hour Barry’s Trash economy hit a 2.9% growth rate. It sure as hell wasn’t sustained.
    No one, that is No One says the economy was better under OBummer. They just try to take credit for the one now which is patently false.
    And you claim to have an XU education?
    Last edited by Masterofreality; 12-28-2018 at 12:00 AM.
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  9. #329
    Supporting Member paulxu's Avatar
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    MOR, what's the value in harping on what Obama did? It would appear he inherited a mess, and did OK.
    We're past that now and I hope this new guy doesn't do anything more crazy than he has so far.
    As to this:

    "And please cite what week, or day or for what hour Barry’s Trash economy hit a 2.9% growth rate."

    According to this source the GDP grow 2.9% in 2015:

    https://www.statista.com/statistics/...es-since-1990/
    ...he went up late, and I was already up there.

  10. #330
    I never wrote the economy was better, but to sit and trash what Obama did is revisionist history. I am not going to sit and type out defense after your awful post.

    The extreme liberal mag Forbes is calling wage growth closer to 1% after inflation for 2018. Buying power isn’t budging either.

    MOR don’t insult, people can have different views without huge insults. Economy is a benign argument so save your insults for more immoral grounds.


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