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Old 08-03-2017, 12:36 PM  
Prison Bitch Prison Bitch is offline
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Atlanta Fed confirms: the "Trump Boom" is here
During his nomination speech, God-Emperor said "I alone can fix it". Turns out, he was right:


#BUSINESS NEWS BREAKING
AUGUST 3, 2017 / 11:30 AM / 2 HOURS AGO
Atlanta Fed estimates U.S. third-quarter GDP growing at 4.0 percent


NEW YORK (Reuters) - The U.S. economy is on track to expand at a 4.0 percent annualized pace in the third quarter with inventory investment contributing 1.12 percentage points to growth, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.

http://www.reuters.com/article/us-us...KBN1AJ2E8?il=0
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Old 08-03-2017, 07:49 PM   #31
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Originally Posted by Marcellus View Post


I'm not doubting the growth projection. What I want to see, if you can find it, is evidence that these regulatory freezes led to this growth.
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Old 08-03-2017, 07:50 PM   #32
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In the end the economy and pocket books are what decides elections. 8 years of Trump seems likely.
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Old 08-03-2017, 07:52 PM   #33
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Originally Posted by 'Hamas' Jenkins View Post
I'm not doubting the growth projection. What I want to see, if you can find it, is evidence that these regulatory freezes led to this growth.
The evidence is what has happened since Jan 20th you dolt.

I gave a great example in another thread involving a pipe fitting Union in Tulsa. Look it up.

Numerous CEO's have talked about this. Do your own homework.
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Old 08-03-2017, 07:56 PM   #34
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I know if you can internalize and carry out the 10% thing, I know it works. It's just that real life, real wages, real healthcare costs, unexpected emergencies, runaway inflation in some sectors, and the daily grind of life becomes a powerful excuse for too many....for whom, for most of our lives, 10% was sometimes the difference between paying the mortgage or having your car re-possessed. If you've been fortunate enough to be able to stick with it, bravo. It took far too long for me to get there. I wish it were easier for others who aren't as fortunate, I guess.
That's why it starts young. I had my first job (a paper route) at 11 years old, and in a very nice way my father made sure after I made collections, then paid my paper bill, I placed 10% in the jar, that went on through jobs in grocery stores, and was on cruise control when I drove a backhoe and dug footings. At 11 none of those other challenges existed so all I had to worry about was watching the jar, as I got older it made sense and I wasn't going to waste the money. Then my decision to join the Navy was in small part because of the steady check, but 90% because of tradition in my family, a love I have for my father and family who served, and the G.I. bill. I had plenty of money for a kid that age, I had skills for an 18 year old, but I wanted to serve, get into the community my father was in, and earn the G.I. bill for my college. It worked-out well, even if my father thought the tradition didn't need continuing.

So I'm with you, but that's why it starts young.
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Old 08-03-2017, 07:59 PM   #35
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So, the Atlanta Fed is the Gospel....but the CBO can't be believed because they are 'Fake News'? You selective attention and cherry-picking of studies/polls/reports that you like or don't like, is duly noted.

You and hamas should stick to the business you know...snowflake manufacturing.
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Old 08-03-2017, 08:00 PM   #36
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Originally Posted by Pawnmower View Post
No one does in the beginning unless they are in the 1% that gets it handed to them. But being frugal, saving 10+% doesn't seem like much but it begins to snowball after 15 or 20 years.

A retirement account is a great vehicle to do this, because many employers match your contribution. I worked at a shitty job for 12 years out of high school while I worked my way through college and grad school. After 12 years, I had saved 50G , by putting in only around 5% at 1st then increasing to 6, then 7 as I made a little more money.

I then took a loan against my retirement account to buy my 1st property , and paid it back.

Yes some people do have things handed to them...thats ok...but ordinary people can do a lot with the investment vehicles provided. My aunt, who was a teacher ...like you....was very frugal and taught elementary school for 40 years...being diligent and contributing 10% to her IRA...when she retired at 65 ....she had a million dollars in her IRA and had paid off her house...on a Colorado teachers salary.

It can be done...the problem is most people do not do what is needed ...and waste money on 4$ lattes and new cars and other shit they don't need.

I ate beans, rice , tuna...i bought turkeys on sale and used every part of them.....for a week....I rented rooms out even though it killed me to lose my privacy....i did this till I was like 32...

Its hard to watch all your friends drive new cars and have nice clothes and toys. But when you're 50 and you start to see those same people still renting and still wasting money....while you are amassing wealth and passive income and property instead of debt...you don't care about the toys any more.

I take pride in my shitty clothes and shitty truck and older furniture, knowing im setting myself up for the future
You are preaching to the choir--ditto to 90% of what you say. Our cars are 16 and 10 yrs old respectively. Hell, living on a teacher salary for the first 20 years...I'm with you. On the other hand, there is this idea that anyone should be able to do it. Fact is, too many make even less than you and I have...and sure as hell don't have Donald Trump's daddy to lend them $10 million to "start" with.

So let's quit pretending that makes them "lazy" or that they have just made "bad" choices. It's a good thing some choose careers that we need--even if we as a society doesn't value what they do as we should. It's one of the flaws of the "free market" that those who aren't affected by it, don't seem to give a damn about. That would be my point.
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Old 08-03-2017, 08:02 PM   #37
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You and hamas should stick to the business you know...snowflake manufacturing.
I don't think Hamas or I had anything to do with the making of the biggest Snowflake of all....the Donald. Talk about a pansy assed whiney sniveling sand-in-his-vagina "poor, poor pitiful me!"
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Old 08-03-2017, 08:10 PM   #38
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Trump definitely grabbed both of you by the pussy.
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Old 08-03-2017, 08:26 PM   #39
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Originally Posted by Pawnmower View Post
My 401k went from like 325k to almost 425k since election day not including contributions

In fairness, it had gone down pre-election but its definitely higher than its ever been
Would you please put me in your will?
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Old 08-03-2017, 08:46 PM   #40
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Trump better be damn careful citing the stock market. That's a game of Russian roulette.


There it is! I said it, RUSSIAN roulette
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Old 08-03-2017, 09:13 PM   #41
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Originally Posted by Prison Bitch View Post
Trump better be damn careful citing the stock market. That's a game of Russian roulette.


There it is! I said it, RUSSIAN roulette
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Old 08-03-2017, 09:51 PM   #42
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Quote:
Originally Posted by Marcellus View Post
The evidence is what has happened since Jan 20th you dolt.

I gave a great example in another thread involving a pipe fitting Union in Tulsa. Look it up.

Numerous CEO's have talked about this. Do your own homework.
"We are in a big, fat ugly bubble."--Donald Trump, October 2016.

"The only thing that is strong [in the economy] is the artifical stock market."--Donald Trump, September, 2016.

"I think we're sitting on an economic bubble, a financial bubble."--Donald Trump, April, 2016.
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Old 08-03-2017, 09:58 PM   #43
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Since this is a Prison Bitch thread, and he is a known liar, I decided to do a little digging. Here is the Atlanta Fed prediction. Also listed are 10 other "blue chip" projections. This is from the Atlanta Fed's own PDF release.


Also, page one of the slide deck states, "It is not an
official forecast of the Atlanta Fed, its president, the Federal Reserve System, or the FOMC."
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Old 08-03-2017, 10:07 PM   #44
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Originally Posted by 'Hamas' Jenkins View Post
"We are in a big, fat ugly bubble."--Donald Trump, October 2016.

"The only thing that is strong [in the economy] is the artifical stock market."--Donald Trump, September, 2016.

"I think we're sitting on an economic bubble, a financial bubble."--Donald Trump, April, 2016.
SSsssshhhhhhhhhhhhhhhhhhhhh.... Come on Hamas, the only important part is now---that The Donald is Prez
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Old 08-03-2017, 10:08 PM   #45
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Originally Posted by 'Hamas' Jenkins View Post
I'm not doubting the growth projection. What I want to see, if you can find it, is evidence that these regulatory freezes led to this growth.
Unemployment remained stagnant for much of 2016. It started to drop again when trump was elected.
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